If you find yourself in need of financial assistance during the pandemic, we have two options for you.~

The Helping Hand Loan
To be considered for a Helping Hand Loan, the following criteria must be met:
  • Must currently be a member of FedChoice.
  • Must have had direct deposit with FedChoice for at least 90 days prior to application.
  • You may receive up to 75% of your normal monthly direct deposit up to $5,000.
  • 0% APR interest rate.
  • 60 days until first payment.
  • Repayment term is 6 months of via automatic payments.
  • This loan does not require a credit pull.

You must select the Helping Hand Loan from the drop down when applying.


Long-Term Hardship Loan
To be considered for a Long-Term Hardship Loan, the following criteria must be met:
  • You must be a member of FedChoice to take advantage of this loan. However, if you are not a member and wish to apply for membership, click here to learn more about our membership requirements.
  • You may receive the equivalent of two month's net pay as the maximum loan amount (Pay stub must be provided as proof of employment).+
  • Repayment terms
    • 60 days until first payment.
    • 6,12, 24 or 36 month repayment terms.
  • This loan does require a credit pull. Interest rates starting as low as 1.49% APR for 6 month term, 2.49% APR for 12 month term; 3.49% APR for 24 month term; 4.49% APR for 36 month term.^

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Applying for a loan as a nonmember also submits a membership application.
You must be a member of FedChoice to receive a loan from us. Review membership criteria here.

Refinance Your Auto Loan - Take advantage of our 90 days first payment option and take some time off from your loan. We make it quick and easy to apply online. Get a quick approval, automatic deductions and a streamlined application process. Ready to get started? Simply login to eBanking, select "Apply for a Loan" and then choose "Vehicle Loans".^


All credit is subject to credit approval. FedChoice underwriting requirements apply. APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Your actual APR may vary.

~Members may not have more than $35,000 total unsecured debt with FedChoice. If you already have an unsecured loan or line of credit with FedChoice, this will be taken into consideration.

+We may request paystubs to verify the amount of the loan that you qualify for.