Stretch Pay Loans.
Our Member's Solution to Payday Loans.

It can happen to anyone. Unexpected expenses, a new baby, a cutback in hours, or the layoff of a spouse... and before you know it, you're living paycheck to paycheck. In these times, with cash flow tight, payday may not arrive soon enough to cover expenses or pay bill on time. If you find yourself with too much month and not enough money, Stretch Pay — the credit union salary advance alternative — can help.

Stretch pay loans are designed to help members manage temporary financial strains by providing an advance on their paycheck up to $1,000. Our rates are the reasonable alternative to the interest rates charged by commercial payday lenders for similar products. Some of the features include:

• Credit limits/minimum advances of $500. $50 fee for each advance can be deducted from the loan amount; or
• Advances on your Net pay (rounded down to the nearest hundred; $1,000 max advance). $100 fee for each advance can be deducted from the loan amount;
• 30-day repayment term;
• Paid in full requirement prior to new/additional advances;
• 50% APR;
• Active Direct Deposit required.

For more information, contact one of our friendly representatives at 312.236.2326 or click here for more information.

Make Your Dreams a Reality.
.25% Discount Rate* for Purchases, Refinances, Home Equity Lines and Home Equity Loans.

Whether you are a first time buyer, moving to a bigger home to accommodate a growing family or downsizing the empty nest, getting the right mortgage can be just as important as finding the right home. That’s why the Chicago Municipal Employees Credit Union offers a wide variety of home mortgage loans to all members including:

• Fixed and Variable First Mortgages
• Home Equit yLoans and Lines of Credit
• Special Programs such as Jumbo Loans, Cash Outs, Refinancing, Consolidation Loans and More!

With dozens of loan programs available, it can be hard to know which one is right for you. Our mortgage loan experts will work with you and guide you every step of the way to make sure you get the loan that best fits your needs. In addition, as a special promotion to our members, Chicago Municipal Employees Credit Union is NOW offering a .25% discount from our current available rates on purchases, refinances and home equity lines and home equity loans.

To apply for your mortgage or home equity loan, contact one of our friendly representatives at 312.236.2326 or click here for more information.