{"id":15478,"date":"2026-03-02T09:31:18","date_gmt":"2026-03-02T09:31:18","guid":{"rendered":"https:\/\/poefcu.org\/?page_id=15478"},"modified":"2026-03-02T09:31:18","modified_gmt":"2026-03-02T09:31:18","slug":"payday-alternative-loans","status":"publish","type":"page","link":"https:\/\/poefcu.org\/index.php\/payday-alternative-loans\/","title":{"rendered":"Payday Alternative Loans"},"content":{"rendered":"<div id=\"cmsmasters_row_oswnqulxvj\" class=\"cmsmasters_row cmsmasters_color_scheme_default cmsmasters_row_top_default cmsmasters_row_bot_default cmsmasters_row_boxed\">\n<div class=\"cmsmasters_row_outer_parent\">\n<div class=\"cmsmasters_row_outer\">\n<div class=\"cmsmasters_row_inner\">\n<div class=\"cmsmasters_row_margin\">\n<div id=\"cmsmasters_column_j3z9cyi218\" class=\"cmsmasters_column one_half\">\n<div class=\"cmsmasters_column_inner\"><div class=\"cmsmasters_img  cmsmasters_image_n\"><img decoding=\"async\" src=\"https:\/\/poefcu.org\/wp-content\/uploads\/2026\/03\/payday-alternative-loan-banner.jpg\" \/><\/div>\n<\/div><\/div>\n<div id=\"cmsmasters_column_cbry6b0q58\" class=\"cmsmasters_column one_half\">\n<div class=\"cmsmasters_column_inner\"><div id=\"cmsmasters_heading_iiuoh0cbrm\" class=\"cmsmasters_heading_wrap cmsmasters_heading_align_left\">\n\t<h4 class=\"cmsmasters_heading\">PAYDAY ALTERNATIVE LOANS<\/h4>\n<\/div><div id=\"cmsmasters_fb_694xv1th5g\" class=\"cmsmasters_featured_block\">\n<div class=\"featured_block_inner\">\n<div class=\"featured_block_text\">\n<div id=\"cmsmasters_heading_ju3rsysjtt\" class=\"cmsmasters_heading_wrap cmsmasters_heading_align_left\">\n\t<h2 class=\"cmsmasters_heading\">Get money fast. <\/h2>\n<\/div>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cmsmasters_text\">\n<p>A Payday Alternative Loan (PAL) is a small-dollar, short-term loan offered that is\u00a0a safer and more affordable substitute for high-cost payday loans. The idea is to help members access emergency funds without the excessive fees and extremely high interest rates that traditional payday lenders charge.<\/p>\n<\/div>\n<div id=\"cmsmasters_fb_v52fr2lgpn\" class=\"cmsmasters_featured_block\">\n<a href=\"http:\/\/Test\" class=\"featured_block_link\"><\/a><div class=\"featured_block_inner\">\n<div class=\"featured_block_text\">\n<div id=\"cmsmasters_button_wsuawoi2uf\" class=\"button_wrap\"><a href=\"https:\/\/poefcu.org\/index.php\/apply-for-a-loan\/\" class=\"cmsmasters_button\"><span>APPLY FOR A PAYDAY ALTERNATIVE LOAN<\/span><\/a><\/div>\n\n<\/div>\n<\/div>\n<\/div>\n<div id=\"cmsmasters_fb_9mjh32y93t\" class=\"cmsmasters_featured_block\">\n<a href=\"http:\/\/Test\" class=\"featured_block_link\"><\/a><div class=\"featured_block_inner\">\n<div class=\"featured_block_text\">\n<div id=\"cmsmasters_button_qthpoqdh6\" class=\"button_wrap\"><a href=\"https:\/\/poefcu.org\/index.php\/rates\/\" class=\"cmsmasters_button\"><span>VIEW CURRENT RATES<\/span><\/a><\/div>\n\n<\/div>\n<\/div>\n<\/div>\n<div id=\"cmsmasters_fb_z0v5147ux9\" class=\"cmsmasters_featured_block\">\n<a href=\"http:\/\/Test\" class=\"featured_block_link\"><\/a><div class=\"featured_block_inner\">\n<div class=\"featured_block_text\">\n<div id=\"cmsmasters_button_arfw9tube\" class=\"button_wrap\"><a href=\"https:\/\/poefcu.org\/index.php\/calculators\/\" class=\"cmsmasters_button\"><span> CALCULATORS<\/span><\/a><\/div>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"cmsmasters_row_febc6l12sd\" class=\"cmsmasters_row cmsmasters_color_scheme_default cmsmasters_row_top_default cmsmasters_row_bot_default cmsmasters_row_boxed\">\n<div class=\"cmsmasters_row_outer_parent\">\n<div class=\"cmsmasters_row_outer\">\n<div class=\"cmsmasters_row_inner\">\n<div class=\"cmsmasters_row_margin\">\n<div id=\"cmsmasters_column_kmypgz5pz\" class=\"cmsmasters_column one_first\">\n<div class=\"cmsmasters_column_inner\"><div id=\"cmsmasters_fb_nnrj4uvoi9\" class=\"cmsmasters_featured_block\">\n<a href=\"http:\/\/Apply%20Now!\" class=\"featured_block_link\"><\/a><div class=\"featured_block_inner\">\n<div class=\"featured_block_text\">\n<div id=\"cmsmasters_heading_4r0coi0gfe\" class=\"cmsmasters_heading_wrap cmsmasters_heading_align_left\">\n\t<h2 class=\"cmsmasters_heading\">Key Features of a PAL:<\/h2>\n<\/div>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cmsmasters_text\">\n<ul>\n<li data-start=\"814\" data-end=\"1044\"><strong data-start=\"814\" data-end=\"830\">Lower Costs:<\/strong> PALs have <strong data-start=\"841\" data-end=\"888\">capped interest rates (up to about 28% APR)<\/strong> and usually a <strong data-start=\"903\" data-end=\"946\">small application fee (up to about $20)<\/strong> \u2014 significantly less expensive than typical payday loans.<\/li>\n<li data-start=\"1047\" data-end=\"1228\"><strong data-start=\"1047\" data-end=\"1070\">Small Loan Amounts:<\/strong> They typically range from <strong data-start=\"1097\" data-end=\"1134\">about $200 up to $1,000 or $2,000<\/strong> depending on the type of PAL the credit union offers.<\/li>\n<li data-start=\"1231\" data-end=\"1457\"><strong data-start=\"1231\" data-end=\"1255\">Manageable Payments:<\/strong> Instead of being due in a couple of weeks like a payday loan, PALs have <strong data-start=\"1328\" data-end=\"1354\">longer repayment terms<\/strong> (often 1\u20136 months, and up to 12 months for some PAL II types).<\/li>\n<li data-start=\"1460\" data-end=\"1633\"><strong data-start=\"1460\" data-end=\"1480\">Limited Overlap:<\/strong> Borrowers can usually have <strong data-start=\"1508\" data-end=\"1534\">only one PAL at a time<\/strong>, and no more than three within a rolling six-month period.<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"cmsmasters_row_0qnsh5l3s4\" class=\"cmsmasters_row cmsmasters_color_scheme_default cmsmasters_row_top_default cmsmasters_row_bot_default cmsmasters_row_boxed\">\n<div class=\"cmsmasters_row_outer_parent\">\n<div class=\"cmsmasters_row_outer\">\n<div class=\"cmsmasters_row_inner\">\n<div class=\"cmsmasters_row_margin\">\n<div id=\"cmsmasters_column_t1fdptdij\" class=\"cmsmasters_column one_first\">\n<div class=\"cmsmasters_column_inner\"><div class=\"cmsmasters_text\">\n<p data-start=\"2019\" data-end=\"2180\">For more information, visit one of POE Federal Credit Union\u2019s branches or contact a loan specialist to get started on your payday alternative loan today.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-15478","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages\/15478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/comments?post=15478"}],"version-history":[{"count":1,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages\/15478\/revisions"}],"predecessor-version":[{"id":15481,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages\/15478\/revisions\/15481"}],"wp:attachment":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/media?parent=15478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}