SAFE Loan

Eglin FCU Salary Advance for Emergency (SAFE) Loans are an alternative to payday loans. To learn more or to apply for a SAFE Loan, visit a branch or call us at 850.862.0111 (option 2).

Salary Advance For Emergency (SAFE) Loan Rates & Terms

Our Salary Advance For Emergency (SAFE) loan has an annual percentage Rate (APR) of 16.9% for a maximum loan amount of $500 and a repayment period of 120 days. Rates given are current as of Wednesday, September 18, 2024 and are subject to change.

Repayment Period	APR*	Maximum Loan Amount
120 days	16.9%	$500

1. Your Eglin FCU account must be in good standing and have been opened for at least 30 days.
2. You must be with your current employer for at least two months.
3. Your payroll must be direct deposited to your Eglin FCU account.
4. The loan amount is limited to ½ of your monthly pay or $500, whichever is less.
5. You must bring in your most current pay statement to establish a SAFE loan.
6. Payments can be made automatically by transfer.
7. You can only have one SAFE Loan at a time. Your SAFE Loan must be paid off before applying for another loan.
8. Members are required to complete the BALANCE Money Management Counseling course prior to receiving their second SAFE Loan of each calendar year. To enroll in the course, call 888.456.2227. This course is not offered online.
9. Only four SAFE Loans are allowed during one calendar year.
10. Minimum payment is $25 weekly or $50 bi-weekly/semi-monthly or $100 monthly.
11. Payments are due on each payday.

*APR = Annual Percentage Rate.

Sample Repayment: A $500 loan for 120 days at 16.9% would result in the following approximate payments: $129.34 Monthly, $73.40 Biweekly, or $30.27 Weekly.

We do not offer Salary Advance for Emergency (SAFE) loans for businesses.

 To apply for a Salary Advance for Emergency loan please visit a local branch during normal business hours.