Avoid high rates and fees — an economical alternative to payday loans and check cashing outlets.
When you run short on cash between paychecks, don’t pay the high interest rates and fees at a payday lender or check cashing outlet. With a low 18% APR* StretchPay loans** are a more affordable alternative. Choose from the following:
- A $250 loan with a $35 annual fee payable over a 30-day period, or
- A $500 loan with a $70 annual fee payable in two monthly installments over 60 days.
*APR=Annual Percentage Rate.
**StretchPay loans are generally available to individuals who have been members of Wright-Patt for at least 120 days, regardless of credit history, as long as you have no delinquent credit union accounts, and are not in the process of filing for bankruptcy.