- Easy to qualify*
- Low 18% APR** - saving you money compared with the high rates and fees of payday lenders or check cashing outlets
- Small annual enrollment fee!
- $35 for a $350 loan limit, or
- $70 for a $500 loan limit, or
- $120 for a $750 loan limit
- Borrow as often as you want up to your loan limit***! No additional fees, paperwork or hassle!
- Can help build strong credit
Certain restrictions apply. *To qualify, you must be a member of Labor CU for at least 120 days, have direct deposit of income, have no delinquent Labor CU accounts, and not be in the process of filing for bankruptcy. **APR=Annual Percentage Rate. Finance charges on a 30-day $500 StretchPay loan are $7.40. Loan fee for commercial payday lender charging $15 per $100 borrowed is $150 for $500 borrowed over two 14-day terms. ***Advances must be paid in full prior to additional advances. Other conditions apply.
If eligible for overdraft privilege the limit will be reduced by the limit of the Stretch Pay not to exceed an aggregate limit of $1,000. Example: A member with a Stretch Pay Loan limit of $350 will have a maximum ODP limit of $650 if the account qualifies for this privilege.
It's fast and easy to apply for all types of loans with our Online Loan Applications.
DOLFCU has been awarded a 5-Star Rating for financial strength and stability by BauerFinancial, Inc., the Nation’s Premier Credit Union and Bank Rating Firm.
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Do you still have questions about our low rate DOLFCU loans? Visit a DOLFCU branch or speak with a Member Services Representative by calling (202) 789-2901.