MyLife Ready Cash

1 - MyLife Ready Cash is a loan option available to members with an active membership for at least the past 2 calendar months. To apply, members must access USALLIANCE Online Banking or Mobile Banking. Members can only have one (1) MyLife Ready Cash loan at a time and no more than three (3) MyLife Ready Cash loans in any rolling six-month period. The rate for a MyLife Ready Cash Loan is 27.50% APR for all approved borrowers. Stated rate is as of 3/1/2025 and subject to change. Payments to the MyLife Ready Cash are reported to the credit bureaus and may impact the member's credit score. Members who apply for the MyLife Ready Cash loan (whether approved or denied) will be automatically enrolled in electronic statements. The MyLife Ready Cash loan is subject to approval, which is determined by an assessment of the member’s relationship with the Credit Union.

2 - If funding is approved, it will be automatically deposited into the member’s active Checking account. If the member does not have an active Checking account, funds will be deposited into the member’s active Savings account. Only members with an active Checking or Savings account are eligible to apply.

3 - The due date selection and automatic monthly payment pre-authorizations occur at the time the loan is booked. Depending on the due date selected, the first payment date may be less than or more than 30 days from funding. The automatic payments will be debited from the same account the loan proceeds were deposited into. The entire payment amount must be available in the account for the payment to process. If the loan payment is not made within the grace period (6 days), a late payment fee may be assessed.

4 - $16 application fee is non-refundable. The fee is assessed at time of application and charged to the member's USALLIANCE Checking or Savings account regardless of whether the loan is approved, denied or declined by the applicant.