PAL’s (Payday Alternative Loans)

Introducing HECOEFCU’s newest loan product –
PAL’s (Payday Alternative Loans)

Don’t be lured in by the high interest rates of traditional payday loans. Meet your new Credit Union PAL today and get your funds with ease and convenience.  Contact us at 808-451-3693 or crunion@hecoefcu.org for more information.

  • Break free of your dependency on high-cost payday loans
  • Borrow as little as $200 or up to $1000
  • Take up to 6 months to repay your loan through monthly installments
  • Low 15% APR (Annual Percentage Rate) which is much lower than the extremely high interest rates that traditional Payday Loans offer
  • $20 application fee required upon submittal
  • Subject to credit approval (minimum credit score of 500)
  • Automatic payroll deduction setup available
Sample Loan Amortization Schedule for PAL’s
Loan Amount 3 Months Weekly 6 Months Weekly
$200 $68.34 $17.09 $34.81 $8.70
$500 $170.85 $42.71 $87.02 $21.76
$1000 $341.70 $85.43 $174.03 $43.51

REMINDER: Christmas Club Accounts will have their funds auto transfer to their Share Savings account on 10/01/20. Please contact the Credit Union to request a check or transfer, or cash withdrawal by visiting us in-branch. **Our office will be closed on Monday, October 12th in observance of Discoverers' Day.