Summer No Hassle Loan for 9 Month Employees

How do I get the PSJA/Donna 9 Month Employee Summer No Hassle Loan?

Ø  Are you employed by PSJA or Donna ISD on a 9-month basis? (Yes/No)

ü If yes, please continue

ü           If No  

If you answered no, stop. If you are a 12-month employee you may qualify for our 12-Month No Hassle Loan that is available  online. 

Ø  How does the process work?  Just follow these simple instructions.

ü  Complete your application and click submit. (Please make sure to include your most recent mobile phone number) The application will be sent to the Credit Union for review.

ØOnce your application is approved your loan documents will be sent to your email address for your review and signatures via DocuSign. A loan officer will contact you within two business days from when you submitted your application. Please do not call for status on the application.  Make sure to check your email often and return your documents to the Credit Union as soon as you can. We highly recommend that you save or print a copy of your loan documents.

ü  Once your executed loan documents are received by the Credit Union the loan proceeds will be deposited to your share account on the day listed on your loan agreement.

ü  Questions? Contact our loan department at 956-787-2774.

Ø More about the 9 Month PSJA/Donna ISD Employee Summer No Hassle Loan?  (No Credit Check, Interest rate for 2020 is 17.00% APR)

·         Members must have a letter of reasonable assurance for employment with PSJA/Donna ISD for the 2020-2021 school year.

·         Members must have been employed continuously in their position with PSJA/Donna ISD for two years

·         Members employed on a nine-month basis must have started working with PSJA/Donna ISD for the 2020-2021 school year prior to the date the loan is issued.

·         Loan must be repaid through payroll deduction or automatic transfer

·         Maximum Loan $1,200.00

·         Must be paid off by May 31, 2021

·         There will be a $25.00 fee charged for each application.