Back Pay Loan
ALL members in receipt of back pay from negotiated wage agreements / settlements are eligible to apply for the PCU Backpay Loan up to 3X the value of your back pay.
Save: Invest your back pay into a range of Credit Union Investment options including Fixed Deposits
Spend: Boost your back pay and get up to three times its value
Shop: Use you back pay to purchase items at PCU Plus and receive 10% discount on purchases
Boost Your Back Pay
Less than 6 months membership:
- Payroll – 2.5 X up to $150,000
- Standing Order – 2X up to $150,000
_____________________________________
More than 6 months membership:
- Payroll – 3X up to $200,000
- Standing Order – 2.5 X up to $200,000
| Maximum Loan Amount: | $200,000.00 |
| Repayment Period: | 96 Months |
| Interest Rate: | 5% (members with more than 6 months membership)/ 6% (members with up to 6 months membership) |
CALL: 1-868-612-4728