Life happens! Whether you need a little extra cash for unexpected expenses, groceries, car repairs or anything else in between, our MyCash loan can help!

MyCash is different. It’s a loan but no credit report or minimum credit score is required. Decisions are based on your relationship with CPM not your credit score. In less than 60 seconds, you can get money when you need it quickly and easily.

Requirements and Eligibility

  • Must be a member for at least 12 months
  • Must have reoccurring direct deposit of pay or other benefits
  • Account must be in good standing with CPM*
  • Must be 18 years or older
  • No credit check or minimum credit score
  • Payments are drafted monthly from the account receiving the loan proceeds and on the date selected at time of application
  • $20.00 application fee**
  • 28% APR***
  • Only allowed one MyCash loan at a time and no more than three within any six month rolling period

*For an account to be considered in good standing with CPM, no account can be more than $532.00 negative at the time of application.
**Fee will be collected at the time of the application from your CPM account and must be available funds.  Fee will be collected regardless of loan decision.
***Subject to eligibility and approval

Enrolled in CPM Anytime Online Banking? Apply today by accessing “More” and MyCash in your online banking experience.


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.

Still have questions? Call us at 800.255.1513.

*Membership rules and restrictions apply. All loan applications are subject to review of eligibility and approval. The Annual Percentage Rate (APR) is accurate as of 10/11/2023. 28% APR (27.75%) and is a fixed rate for the term of your loan. The minimum and initial loan amount is limited to $500.00, and the loan amount for subsequent requests is up to $1,000.00 and is available to members who meet relationship, account status, and direct deposit history and other eligibility requirements. Membership of 12 months is required. The $20.00 application fee is collected at the time of the application and must be available funds. Loan is disbursed into your CPM account and cannot be disbursed in a branch, by phone or other means. If the loan is more than 15 days past due, there is a late fee of 5% of the payment amount.