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NET Federal Credit Union has a variety of loan packages that our members can use for reasons including, but not limited to:

  • Debt Consolidation
  • Vacations
  • Home Repairs
  • Taxes (income, school, property, etc.)

Pay Day Loans

We also offer a Better Choice Pay Day Loan designed for members who need a small dollar amount to carry them until they receive their next regularly-scheduled income check.

Here’s how the program works:

  • 90 day term, must be paid in full within 90 days
  • Maximum loan amount: $500
  • Minimum loan amount: $200
  • Interest Rate: 18%
  • Monthly payment will be $195.88
  • Simple Interest
  • Non-refundable application fee: $20
  • 10% of loan amount must be in a Vacation Savings
  • Must be a member in good standing for at least 30 days
  • Only two payday loans within a six-month period

Disclosure: For a $500 loan for a term of 90 days with an 18% APR, the monthly payment will be $195.88. The rate will not be increased after consummation.

To apply you will need:

  • Application – must be submitted in person at either the Scranton or Olyphant office.
  • Verifiable proof of income for six months – if applying during the first six months of the year (January 1 – June 30), you must provide a current pay stub and the last pay stub of the previous year or a W-2 from the previous year.
  • Driver’s license


Compare NET FCU with other Lenders:

NET FCU'S Pay Day Loan

  • Fee $20 all amounts borrowed
  • Term up to 90 days
  • Interest Rate – 18% APR
  • All fees disclosed

Other Lenders' Pay Day Loan

  • Fee up to $15 per $100 borrowed
  • Term up to 30 days
  • Interest Rate – up to 391.07% APR
  • May add other hidden fees

** All loans subject to approval.  Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.