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SAFE Loan

Quick relief when you need it most.

Eglin FCU Salary Advance for Emergency (SAFE) Loans are an alternative to payday loans. To learn more or to apply for a SAFE Loan, visit a branch or call us at 850.862.0111.

Salary Advance For Emergency (SAFE) Loan Rates & Terms

Our Salary Advance For Emergency (SAFE) loan has an annual percentage Rate (APR) of 16.9% for a maximum loan amount of $500 and a repayment period of 120 days. Rates given are current as of Tuesday, October 14, 2025 and are subject to change.

Repayment Period APR* Maximum Loan Amount
120 days 16.9% $500

  1. Your Eglin FCU account must be in good standing and have been opened for at least 30 days.
  2. You must be with your current employer for at least two months.
  3. Your payroll must be direct deposited to your Eglin FCU account.
  4. The loan amount is limited to ½ of your monthly pay or $500, whichever is less.
  5. Payments can be made automatically by transfer.
  6. You can only have one SAFE Loan at a time. Your SAFE Loan must be paid off before applying for another loan.
  7. Members are required to complete the free BalanceTrack Money Management online course with a score of 80% or higher prior to receiving their second SAFE Loan of each calendar year. Click here for enrollment instructions.
  8. Only four SAFE Loans are allowed during one calendar year.
  9. Minimum payment is $25 weekly or $50 bi-weekly/semi-monthly or $100 monthly.
  10. Payments are due on each payday.

*APR = Annual Percentage Rate.

Sample Repayment: A $500 loan for 120 days at 16.9% would result in the following approximate payments: $129.34 Monthly, $73.40 Biweekly, or $30.27 Weekly.

BalanceTrack Money Management online course enrollment instructions
Free Financial Counseling for Eglin FCU Members

 To apply for a Salary Advance for Emergency Loan please visit a local branch during business hours.

Personal Signature Loan
This unsecured loan may be available for members who either do not want or do not qualify for a line of credit.
rates & terms apply for a Personal Signature Loan
Line of Credit Signature Loan
A Line of Credit Signature loan is an open-end, revolving account with a credit limit established when the loan is opened.
rates & terms apply for a line of credit signature loan
SAFE Loan
Eglin FCU Salary Advance for Emergency (SAFE) Loans are an alternative to payday loans. To learn more or to apply for a SAFE Loan, visit a branch or call us at 850.862.0111, Option 2.
rates & terms
Guarantor Loan
A member who has difficulty getting approved on their own may consider having a qualified guarantor apply with them.
rates & terms
Savings Assistance Loan
Our Savings Assistance Loan (SAL) enables individuals to receive up to $2,000 with low monthly payments and a low interest rate.
rates & terms
Share Secured Loan
Share Secured Loans are a good way to build credit or make any necessary purchases without spending your savings.
rates & terms

Frequently Asked Questions

How do I make a payment to my loan?
You have several convenient options for making loan payments. Make a loan payment by transferring funds from your Eglin FCU Checking or Savings account through our Online Banking service or Mobile App. You can also use the External Transfers feature within Online Banking or the Mobile App to make a payment to your loan from your checking or savings account at another financial institution. If you prefer, you can request to make a loan payment at one of our Video Teller machines during business hours, or you can visit any of our local branches to make a loan payment in person. If none of these options suit you, sending your loan payment with a check via mail is always an option. If you need more information on loan payment options, please call us at 850.862.0111, Option 2, or visit one of our branch locations during business hours.

Can I change the terms of my loan?
To discuss whether you can make any changes to your loan please call 850.862.0111, Option 2, or visit a branch during business hours.

Can I change the payment due date of my loan?
To determine if you can change the due date on your loan, please call us at 850.862.0111, Option 2, or visit a branch during business hours.

What is a loan deferral and do you offer this service?
A loan deferral is a pre-approved, temporary break from making payments on a debt you owe, including personal loans. For loan deferral questions please contact us by calling 850.862.0111, Option 2 or visit a branch during business hours.

Do you offer student loans?
We do not offer student loans at this time. If you have any other financial needs or questions, we're here to help!

Can I use a personal loan to pay for tuition, books, and other educational expenses?
No, the personal signature loan is a closed-end loan that may not be used for a student's educational purposes. Student loans have specific benefits and protections designed for educational expenses, which require specific notice and disclosure. The Credit Union policy does not offer closed-end loan options specifically designed for student loan purposes. However, we do offer open-end lines of credit and credit cards that may be used for educational purposes.

What is an unsecured loan?
An unsecured loan is a type of loan that doesn't require any collateral. Unlike secured loans (which rely on assets like property or vehicles), unsecured loans are approved based on the borrower's creditworthiness. Examples of unsecured loans include personal loans and credit cards. These loans typically come with higher interest rates because they pose more risk to lenders.

Do you offer business loans?
We do not currently offer any loans for businesses.

I am having trouble making my loan payment, can you help me?
If you're having difficulty making payments on your Eglin FCU loan or credit card, please reach out to us. We're here to help you explore available options to get your finances back on track. Give us a call at 850.862.0111, Option 4, or visit a branch during business hours.

My Checking Account was closed because of an overdue loan or credit card, how can I restore my Checking Account?
If your Checking Account was closed due to an unpaid loan or credit card, please contact us at 850.862.0111, Option 4, or visit a branch during business hours so that we can review your account status and determine what options may be available.

How can I view my loan history?
Members with access to Online Banking or Mobile App may view their accounts to include loan details and history. Once logged in, you can access your loan details and history. We are able to assist members without online account access by phone, through secured email or text, or in a branch location. If you are interested in signing up for online account access, please visit eglinfcu.org/onlinebanking. For questions about your loan, please contact us at 850.862.0111, Option 2, or visit one of our branch locations during business hours.