Gradient Background Gradient Background

 

MyCash PAL

 

We’ve made it faster and easier to apply for a MyCash PAL.

MyCash PAL (Payday Alternative Loan) offers small dollar loans to help our members avoid predatory lenders in situations where you might need extra funds. It’s a great resource that can help you out when you’re low on cash or have an immediate need for emergency funds.

About MyCash PAL

  • No credit check (additional requirements apply)

  • Borrow as little as $250 or as much as $1,000

  • Fixed rate of 28% APR*

  • $20 application fee (non-refundable)

  • Fast and contactless online application. Product available online only.

  • Immediate funding upon approval

  • Repayment period of up to 12 months

  • Available 24/7

 
 

How to apply for a MyCash PAL:

  1. To apply, click on the ‘Apply Now’ button above (also available under Personal Loans), or by clicking on our MyCash PAL banner available in RCity Online & Mobile banking.

  2. Be ready to input your River City FCU account number and zip code (zip code entered must match information we have on file, to update your contact information visit a branch or use your RCity online & mobile banking account).

  3. You will need to select which River City FCU account you wish proceeds to go to.

  4. Once you select ‘begin application’ you will be notified if you qualify for MyCash PAL and the maximum loan amount you qualify for (you don’t have to borrow the maximum amount, we recommend members borrow what they need). Note: once you click on ‘begin application’ a $20 non-refundable fee will be automatically deducted from your account.

  5. You will then be prompted to input the desired amount you wish to borrow (minimum of $250) and your desired payment date.

  6. To complete your application, click on ‘submit request’. You will be immediately notified of the status of your request, along with a loan preview (if loan has been approved).

MyCash PAL eligibility:

  • Available for Primary Account holders only

  • Applicant must have a direct deposit of at least $625 per month, setup in their River City FCU account (loan payments are automatically debited from the selected deposit account)

  • Must be a member of River City FCU

  • Must be 18 years or older

  • Maximum of 1 MyCash PAL at a time (no more than 3 within a 6 month period)

  • All River City FCU accounts associated with borrower SSN must be in good standing

 

*APR means Annual Percentage Rate as of June 8, 2018, and is subject to change without prior notice. Member must pay their current MyCash PAL in full before getting another MyCash PAL. Member cannot have more than 3 MyCash PALs within a 6 month period.