OTHER LOANS

We have a variety of loans to suit every borrowing need:

Share Savings Secured/Certificate Secured Loans
These loans allow members to borrow funds while using their own savings or certificate as collateral. That means members can continue to earn dividends on their savings or certificate, and they will pay a minimal interest rate on this secured loan. These loans require minimal credit approval criteria, and the repayment terms are very flexible. This loan can also be beneficial to members trying to establish or rebuild credit.

Computer Loan
Day Air offers a special loan for members to purchase a new computer or related equipment. We know how expensive technology can be and we make it not only possible, but also reasonable to own state of the art technology. In today's society, the need for a computer in the home is essential for business purposes, homework assistance, or to access and manage your Day Air accounts through PCU and Bill Payer. This is a great loan, with a great rate, and it helps to make being technology savvy an easy thing to be!

Signature Loan
This loan is unsecured and can be used for many purposes. They are available with various terms and easy monthly payments. Payments can be made with a variety of repayment methods. Signature loans may be granted for:

• Car Repairs
• Holiday Expenses
• Back-to-School
• Income Taxes, and more

StretchPay Loan
Many of us have felt the “pinch” when in between paychecks. With many short-term lending options available today, we felt we should enter the market and satisfy this need for our members, and do it much more economically!

This loan has been designed for established members* who need a small dollar loan to carry them over until receiving their next regularly scheduled income check. Details include:

• $35 or $50 annual participation fee*
• $250 or $500 initial credit limit*
• 30 day repayment term
•  Advances must be paid in full prior to new/additional advances

We’re here to help and we want to assist you in improving your financial condition so that pinch isn’t so hard the next time. Contact us for more details on our StretchPay loan anytime!

*Must be a Day Air member in good standing for a minimum of 60 days with no derogatory checking account history/activity during the past 12 months. Member must be in good standing at the time the loan is applied for and each time an advance is made. Member must be employed by the same employer for a 6-month period, or be receiving verifiable fixed income, must provide proof of income, and time on job at the time of application. The $35 or $50 annual participation fee is to be paid with the first advance each year.