Payday Loans

  • Overview

    Payday Loans

    Sometimes it is easy to get caught with expenses due while waiting on your next paycheck. When this happens, many people find themselves looking for a quick solution. While some lenders take a predatory approach and require people who are in this tough spot to put up their assets as a means of getting a loan, a regulated payday loan is a much better solution.

    Apply now from your computer, mobile phone, tablet, or in person with one of our friendly loan officers. More questions? Contact Consumer Loans at 907-459-5970.

    A short term loan to cover expenses between paychecks

    • Comparatively low loan fees.
    • Less stringent credit requirements.
    • Easier and safer to get the help you need between paychecks.
    • No collateral required.
    • Avoid excessive fees to alternative payday lenders.

    "You guys get a 5 in all areas. The service at Spirit of Alaska is always top notch."

    - C.W.

    Additional Information

    Payday loans from your credit union can help you avoid the worry that comes with missing important bills, having checks bounce, or having your credit score damaged.

    • One-month membership required prior to approval
    • Competitive Fixed Interest Rate of 28% APR* (compare to other payday lenders)
    • $20 fee for application
    • Loan terms ranging from one to six months
    • Loans ranging from $200-$1,000*
    • Same-day funds in most cases

    Disclosures

    *APR = Annual Percentage Rate. Payday Loan term and amount based on approved credit. Interest rates on new Payday Loans are subject to change at any time. Optional Spirit of Alaska Protection available.

    Refer to our Pricing Guide (PDF) for transaction and activity fees, as well as credit union membership fees. A loan processing fee of $35 will be charged per signer. Other loan fees and terms may vary, and will be disclosed at the time of the loan verbally and in the loan disclosures.

     

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  • FAQ

    Frequently Asked Questions

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I need help with Payday Loans

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Letter from our Consumer Loans Department

A Message From Spirit of Alaska Federal Credit Union Consumer Loans Department About The COVID-19 Outbreak

As you know, the spread of COVID-19 has touched just about every aspect of our daily lives — from our families and schools to our places of work and worship.

We understand the uncertainty during this unprecedented time and want to let you know about some of the proactive measures our consumer loans department has in place to continue to support and serve our customers.

Payment concerns:

If you anticipate that it will be difficult or impossible for you to make your payment, there are options available.

If you become ill, are quarantined, your employment status changes or another hardship arises as a result of the COVID-19 outbreak, you may be eligible for short-term relief.

Please email us or call (907) 459-5970. We will work with our borrowers on a case-by-case basis to assist in any way possible.

If you have questions:

If you have any questions, please don’t hesitate to reach out to our team. Please stay safe and healthy during this unprecedented time.

Email: cloans@spiritofak.com
Phone: (907) 459-5970