Emergency Cash Infusion Loan (ECIL)

Emergency Cash Infusion Loans (ECIL)

Life is full of unexpected expenses, but even little emergencies can feel like a crisis when you have no cash. Our short-term Emergency Cash Infusion Loan features affordable payments based on the amount borrowed, typically between $200 and $1,000. We consider this loan an investment in our member's financial security and well-being. It’s fast and easy to apply which is just what you need when you have an emergency.

The Emergency Cash Infusion Loan requires an in-person application, so stop by our branch. It’s easy to apply; just visit our loan department.

By choosing your credit union over a for-profit payday lender, you're doing so much more than getting emergency funds. You're making a money-wise decision and participating in strengthening your financial cooperative. Additionally, as a member, you may qualify for other products and services that can help you better manage your money. These include our Basic Checking Account which is packed with benefits, our Everyday Spend Reloadable Prepaid Visa® debit card, and more.

Summary
  • Finance all kinds of needs at a competitive rate
    • Vehicle repairs
    • Unexpected life events and emergencies
    • Checking account infusion
  • More affordable than regular payday loans
  • Easy application process with lenders who care
  • Decisions processed right here in the Bay Area
How ECIL Works

More about the Cooperative Center Emergency Cash Infusion Loan:

  •  No minimum FICO score is required
  • Must be a credit union member in good standing for at least three months
  • Must be employed for a minimum of three months or have a regular source of verifiable income for that same period
  • Direct deposit must be equal or greater than amount requested*
  • Terms are one (1) to five (5) months, dependent upon loan amount. No prepayment penalty
  • One (1) Emergency Cash Infusion Loan at any time; no rollovers and no time extensions
  • A limit of three (3) Emergency Cash Infusion Loans in a six-month rolling period
  • Loan Amounts: Minimum $100 Maximum $1,000
  • Application Fee: $20: Due upon submitting application**

 

*Maximum loan amount without direct deposit is $400.

**Application fee charged only once in a rolling six (6) months.