Purpose: The board of directors realizes that everyone has a need for quick cash on occasion. Therefore, Camden Federal Credit Union will offer a short term loan for members with immediate cash needs.
- Must be employed for a least 6 months.
- Must be a member of Camden Police FCU for a least 2 months.
- Must provide proof of income with most recent paystub.
- Must pay application fee of $25 dollars and credit check fee of $20.
- Payment must be made monthly.
- Credit score must be more than 500.
- No more than 3 loans in any six months period.
- A credit report will be obtained.
- A debt ratio will be computed.
- Verify employment with current pay information.
This loan may not be refinanced. It must be paid in full before eligible for another loan.
*This offer may be withdrawn.*