Requirements:
- Must be a member with an ACTIVE account history of six months or longer
- Must have an ACTIVE direct deposit or a history of payroll deposit (pay stubs required for non-direct deposit members) for a minimum of six months, history must reflect no gaps in pay, all deposits must be made at Astera a Division of Adventure Credit Union
- Must have a minimum direct deposit or payroll deposit of $1,000 monthly
- Unemployment Benefits cannot be considered as it is not earned income
- Any request for a fourth loan within a 12-month period of time would require a meeting with one of our Financial Counseling SME
- Limit of 6 loans per year, no more than 3 in a rolling six-month period of time
- Absolutely no refinances, loans must be paid in full solely by the member before they may obtain another PAL
- No deviation from the allowable loan limits ($200-$2000)
- Loan will be fully amortized
- Loan term will be up to 12 months, allowable term based on loan amount, and no pre-payment penalty