Text and Call Scam Alerts | Fraud is on the rise. If you are suspicious of a call or text you have received, HANG UP and call the credit union directly. Be sure to use your keypad and type in 1.800.825.8829.
Scheduled Maintenance | We will be performing system maintenance starting Saturday, December 13, 2025, at 8:00 PM and concluding on Sunday, December 14, 2025, at 2:00 AM.  During this time, electronic services; including Home Banking, ATMs, and MATT may be intermittently unavailable.  We appreciate your patience and apologize for any inconvenience this may cause. Thank you for your understanding as we work to improve our services.
Holiday Closing | We will be closed on Wednesday, December 24th, and Thursday, December 25th in observance of Christmas.
Are you struggling to make ends meet each month? Are you using payday loans to get by? Approximately 12 million Americans use payday loans each year according to one statistic by finder.com.
 
Always contact 5Point Credit Union before going to a payday lender. We want to help you meet your financial goals by offering low rates and flexible terms. Contact us today.

Here are a few things to consider before taking out a payday loan:
 

5Point Loan

  • Low Interest – Rates as low as 9.00%
  • Credit Reporting – All credit union loans are reported to all 3 major credit bureaus.
  • Flexible Terms – Up to 48 month terms are available.
  • Easy Process – Most loans can be submitted and have a decision made within a few minutes.
  • Local Decisions – Decisions made locally by lenders who you know and trust to do what is right for you.

Payday Loan

  • High Interest - The interest on payday loans can range between 300% and 900%.
  • Credit Reporting - This type of loan doesn’t help your credit score, even if you pay it on time.
  • Vicious cycle - Consumers who cannot afford to repay previous loans in full on due date, end up extending their loans. This results in additional fees added on top of the original amount borrowed.
  • Deception by lenders - Payday loan companies can be deceptive in the information they disclose because of limited regulations.

Apply for a 5Point loan here.



 
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