PAYDAY LOAN ALTERNATIVE - SALVA VIDA LOAN

A true payday loan alternatives offering microloans starting at $300 with rates at 18% (20 to 40 times less expensive than traditional payday lenders). Payday lenders typically require the loan paid in full within 2 weeks, while we allow a full 6 months. This loan also has a savings component where the member receives a $50 deposit when the loan is paid off on time. Additionally, we do not require a credit history or excellent credit to qualify for this type of loan. Unlike traditional payday lenders, we also report your payments to the credit bureaus to help you establish credit history. This project has received national recognition through an Innovation Grant from the National Credit Union Foundation (www.ncuf.coop).

SAVINGS ACCOUNTS

• 1% interest on savings accounts. We have paid 1% interest on savings accounts over the past 5 years! Only $25 deposit needed to open the account, plus a one time $5 membership fee.
  
• 3% interest on YOUTH savings accounts. We have paid 3% Interest on YOUTH savings accounts (under 18) over the past 5 years! This is one of the highest savings rates in the entire country and the highest savings rate in San Francisco. Only $5 deposit needed to open the account with NO membership fee.
  
• Free check cashing with deposit
• Passbook
• Certificate of Deposit (CD's)
• Payroll Deduction
  
• Direct Deposit

CHECKING ACCOUNTS

• Personal or Business Checking accounts
• Unlimited check writing
• ATM cards
• ATM Networks: STAR, CO-OP, EXPLORE
• Up to 15 ATM withdrawals with no charge
• Direct Deposit

LOANS

• Personal and Business Micro-Loans, starting at $300 and up
• Small Business Loans to start or expand your business
• Personal Line of Credit
  Bill Consolidation Loans
  Credit Builder Loans
• Payday Alternative Loans (Salva VIda/Lifesaver Loans)
• Loans to payoff your Payday Lender and get out of the Payday Debt Trap
• Loans for people with no credit or poor credit
• VISA secured credit cards
• Regular VISA credit cards
• New & Used Auto Loans
• Home Improvement / 2nd Mortgages
• First Mortgages
• 
  

OTHER SERVICES

• FREE Financial counseling and credti counseling for individuals, institutions, and employers
  
• FREE Check cashing with deposit
• Fax Transmissions
• Blue Book Auto Quotes
• Travelers Checks, Money Orders, Cashier's Checks
• Wire Transfers ~ Local & International~ send money to all of Latin America at prices 50% less than Western Union
  

AUTO LOANS