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Quick Fix Loans

A Smart Alternative to Payday Lending

The District Credit Union developed the Quick Fix Loan to protect its members from the predatory rates of payday lenders. Read on to learn how you can save more of your hard-earned money.

An affordable, short-term loan

Unlike payday or cash advance loans, our Quick Fix Loan offers a longer, 90-day repayment term with lower fees and interest rates. Applying is easy—no credit check or collateral is required, and the application fee is only $20 (which acts as a deposit). And when it comes time to repay the loan, you’ll pay only 18% APR*—that’s considerably less than the 450% effective interest rates you may be paying on a payday loan. Plus, you’ll have the flexibility of making monthly, biweekly, or weekly loan payments.

Best of all, our Quick Fix Loan features a built-in savings benefit. Upon approval of your loan, an additional amount, equal to 10% of your loan, will be deposited into your savings account. You may not withdraw any portion of that deposit, or close your account, until the loan is paid off. Once you’ve paid off your loan, your application deposit and the interest you’ve earned is yours!

  • $200 Minimum Loan
  • $570 Maximum Loan ($500 + $50 in Savings + $20 application deposit)

Why pay high fees and interest rates when there’s a better alternative? For more details and an application, contact The District Credit Union.

Apply for a Quick Fix Loan

Get Back on Track with Free Financial Counseling

If you need assistance in getting out of debt or just need advice on how to better manage your money, The District Credit Union can help with free financial counseling and expertise, or check out our free education center.

*APR=Annual Percentage Rate. Must qualify. Borrowers must have a District Credit Union checking account, meet credit union membership requirements and be over age 21. Members with Overdraft Protection Loans are not eligible for the Quick Fix Loan. If you have Courtesy Pay on your account, that feature will be suspended during the term of this loan. Minimum payment is amortized over the 90-day repayment term based on loan amount borrowed.

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Security Code

Your Security Code is your password

Your Security Code is 'security' + the last 4-digits of the Primary Account Holder’s SSN

Example:

security9876

You will be prompted to change your Login ID and Security Code. Once these are changed, you will use your NEW Login ID and Security Code the next time you log on to Online Banking.