Matadors Community Credit Union (MCCU) offers members with Direct Deposit an affordable alternative to Payday Loans – called Advance Pay. With Advance Pay, you’ll save money because you won’t pay any exorbitant finance charges!
- Low, non-refundable $30 application fee
- No finance charges
- Borrow up to $500 (not to exceed the amount of your Direct Deposit)
To qualify for an Advance Pay loan, the following criteria must be verified:
- Must have been a MCCU member for the last six months
- Must have had a Direct Deposit to a MCCU account for the last consecutive 90 days
- Your next scheduled Direct Deposit is no more than 30 days from today’s date
- You have no MCCU accounts or loans in collection
- You have no other outstanding payroll advances with MCCU or another institution
(Note: A negative balance account with MCCU may adversely affect your approval)
To apply, simply visit any branch or complete the application and fax to the Loan Department at (818) 341-5626.
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