When things get tough, we want our members to have a healthier option for emergency cash.
There should be an option that helps rather than makes the problem worse.
That’s why City & Police offers the City Advance loan. It’s a short-term loan option for members needing cash in a hurry and an excellent alternative to the traditional payday lender.
Borrow up to your average direct deposit amount*, and pay it back over the course of up to 12 months through regular monthly payments.
- Borrow up to $1,500
- Low rate monthly payments
- Up to 12 months to repay
- Utilize up to 4 times per year
- 6 months of City & Police membership
- Enrollment in Direct Deposit with at least 4 regular deposits
- Active monthly deposit to the member’s City & Police savings account
- No other active City Advance loan currently
- No more than 4 City Advance loans in any 12 month period
*City Advance loans may not exceed $1,500 and have a maximum maturity of 12 months. City Advance loan must be paid in full before any additional City Advance loan may be granted. Members are allowed only one City Advance loan at a time. There is a maximum of four City Advance loans per year, per member. A monthly deposit into the members’ savings account will be required to encourage healthy savings habits.