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Low-cost access to funds as little as $100 when you need it

A Kwik Cash Line of Credit is a revolving line of credit, meaning that you can draw funds from it as long as it remains open.

Many people use it as a temporary source of emergency cash since it’s a more affordable alternative to payday loans and title loans.

You can also use your Kwik Cash for Overdraft Protection to cover your checking account if you overdraw. If you have available Kwik Cash funds, they will automatically transfer to your checking account in $100 increments to bring your balance above $0. A Kwik Cash Line of Credit makes overdraft protection much less expensive than overdraft charges.

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Brief Description

A Kwik Cash Line of Credit is a revolving line of credit, meaning that you can draw funds from it as long as it remains open.

Minimum Loan Amount

$100

Access to Funds

You can withdraw funds at any time via online & mobile banking, by phone, or in-branch.

Repayment Terms

Your monthly payment is calculated based on the amount you’ve drawn from it plus the remaining balance from previous months (AKA outstanding balance).

Payments are 5% of the outstanding balance, or $15, whichever is more, and recalculated each time a draw is taken. All Kwik Cash payments are due on the 28th of the month.

See your loan paperwork for any fees, like late fees, that could occur.

View Loan Rates Make a Loan Payment Meet Loan Team

[1] All loans must be current and cannot be delinquent twice throughout the current year. Mortgage loans must originate in the current year. Student and non-member commercial loans are not eligible for this portion.

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Why choose FCCU over a payday lender?

A payday loan is a high cost loan, generally for $500 or less, that is typically due on your next payday (CFPB, 2024).

Payday lenders often operate from convenient storefronts, whose lobbies mimic the look and feel of a fast-food restaurant, touting low to no credit requirements and quick payouts.

Many states have outlawed payday lending, as it is widely considered to be predatory. However, payday lending remains legal in Wisconsin, with some loans reaching up to 574% Annual Percentage Rate (yes, you read that right) according to USStatesLoans.org.

Historically, credit unions like FCCU have been a great alternative to payday lenders, offering small dollar loans at reasonable rates with relatively quick payouts for members with low to no credit— All the benefits of a payday loan with the backing of a trusted loan team who want to put you in a better financial position than when they met you.

Kwik Cash Line of Credit.

Kwik Cash Line of Credit

Credit Card.

Credit Card

Personal Loan.

Personal Loan

Best if you...

Need access to cash funds of $100 or more at your convenience

Need access to funds, up to a predetermined limit, when buying online or at the store

Need a one-time cash deposit of $1,000 or more

Brief Description

A Kwik Cash is a revolving line of credit, meaning that you can draw funds from it as long as it remains open.

A credit card is a revolving line of credit, meaning that you can draw funds from it as long as it remains open.

A personal loan, or installment loan, is a fixed amount of cash borrowed, deposited as a lump sum, and repaid over a set period of time.

Minimum Loan Amount

$100

None

$1,000

Access to Funds

You can withdraw funds at any time via online & mobile banking, by phone, or in-branch.

You can make a purchase by swiping your card or entering card information online at any time.

Your loan officer will either deposit the funds into your account or write out a cashier’s check with the full amount.

If you apply for a loan with Quilo™ (for loans up to $25,000), approved funds will be deposited within 24 hours.

Repayment Terms

Your monthly payment is calculated based on the amount you’ve drawn from it plus the remaining balance from previous months (AKA outstanding balance).

Payments are 5% of the outstanding balance, or $15, whichever is more, and recalculated each time a draw is taken. All Kwik Cash payments are due on the 28th of the month.

See your loan paperwork for any fees, like late fees, that could occur.

Your monthly payment is calculated based on the amount you’ve spent plus the remaining balance from previous months (AKA outstanding balance).

Interest is accrued on the outstanding balance. You can pay the balance in full, instead of just the minimum payment due, to avoid interest entirely.

See our fee schedule and your loan paperwork for any fees, like late fees, that could occur.

You will make fixed, equal monthly payments based on the duration of the loan.

Interest accrues at a rate based on your credit score and the term of the loan. You pay interest and principal with each contracted monthly payment (pre-payment is allowed).

See your loan paperwork for any fees, like late fees, that could occur.

Sound like a great financing option for you?

Learn More

Learn More

Learn More

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Loan Type

APR

Minimum Loan Amount

Kwik Cash Line of Credit

As low as 13.00%1

$100

Personal Loan

As low as 11.50%2

$1,000

Visa® Classic Credit Card

11.9% - 16.96%3

None

Visa® Platinum Credit Card

12.49%

Variable Rate: Prime Rate + 3.99%

None

APR is Annual Percentage Rate. Rates effective as of 7/17/2024. Rates subject to change.

See All Loan Rates

[1] Kwik cash payment is set at 5% of the outstanding balance, or $15, whichever is more, and is recalculated each time a draw is taken. All Kwik cash payments are due on the 28th of the month.

[2] Some restrictions apply. Loan rates are subject to qualified credit.

[3] The monthly periodic rate for our Visa® Classic Credit Card for purchases and cash advances is 0.7416% - 1.1633%, which is an APR of 11.9% - 16.96%. Actual rate is based on multiple criteria, including, but not limited to, credit-worthiness factors, current market conditions, and other factors that the credit union, in its discretion, believes are relevant in determining the appropriate APR.