Who is eligible for the Back-to-School Cash Loan?
Members in good standing who have received at least $1,000 in direct deposits each month for the last three consecutive months may qualify. The loan amount you’re eligible for will depend on your account and deposit history, up to a maximum of $2,000...
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No credit check is required for this loan option. Approval is based on your membership status and deposit...
Continue ReadingHow much can I borrow?
Loan amounts range from $500 to $2,000. The exact amount you qualify for is determined when you...
Continue ReadingWhat are the repayment terms?
You can choose from 9-, 12-, or 18-month repayment terms. Payments begin 30 days after loan funding and are set up as automatic transfers for...
Continue ReadingIs there a fee to apply?
Yes. A one-time $15 processing fee applies, regardless of loan...
Continue ReadingCan I apply for more than one Back-to-School Cash Loan?
Yes. Members may have up to two active Back-to-School Loans at a time. A 30-day waiting period is required between...
Continue ReadingHow quickly will I get my funds?
Many eligible members see same-day approvals and funding during regular business hours. However, processing times can vary depending on account verification and application...
Continue ReadingWhat if I don’t meet the direct deposit requirements?
If you don’t qualify for the Back-to-School Cash Loan, People Driven Credit Union offers other personal loan options, including Unsecured Personal Loans, Share Secured Loans, and CD Secured...
Continue ReadingHow do I apply?
The 2025 Summertime PD Quick Cash Loan application is now closed. For the Summertime Cash Loan, visit Personal Loan Options You can also call us at (248) 263-4100 for...
Continue ReadingIs there a penalty for paying off my loan early?
No. People Driven Credit Union loans have no prepayment penalties, so you can pay off your loan early and save on...
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