Loan amounts are limited to $500.00 for your first MyCash loan. Subsequent requests will be up $1000.00.

Yes. There is a $20.00 application fee that will be collected at the time of your application.

The application fee is non-refundable. The fee is assessed at time of application and charged to your CPM Checking or Savings account regardless of whether the loan is approved, denied or declined by the member.

If your payment is 15 or more days late, there is a Late Payment Fee of 5% of the payment due.

When evaluating your application, a loan decision takes into consideration your membership, including factors such as payment history and deposit activity. You must also be 18 years or older and the primary member to qualify. Unfortunately, this is not available to joint accountholders.

To improve your membership standing, you can do things like:

• Use CPM as your primary financial institution and have your pay or other benefits direct deposited into your account
• Use your checking account regularly for daily purchases
• Stay up to date on your loan payments
• Avoid excessive overdrafts to your account

No. Members are only allowed one MyCash loan at a time and no more than three with any six month rolling period.

If approved, your loan will be deposited into the account you designated during the application process.

No. MyCash is only available from our website or CPM Anytime Online Banking.

Upon approval, automatic payments are set up for you.

When your loan is approved you will be prompted to select a due date and automatic monthly payment pre-authorization. Depending on the due date selected, the first payment date may be no more than 45 days from funding. The automatic payments will be taken out of the same account the loan amount was deposited into. If the loan payment is not made within the grace period (15 days), a late payment fee may be assessed.

No. If approved, proceeds must be deposited into your CPM account at the time of the application.

To be considered in good standing with CPM, no saving, checking or other deposit account can be more than $532.00 negative at the time of your application.