What is a Payday Alternative Loan? CBC’s new Payday Alternative Loan was developed to give our community a better option when they are in need of fast funding in a pinch!
What makes our payday loan different from a payday advance loan?
- Our loan rate is FIXED for the life of the loan.
- Low rates regardless of credit
Applying is fast and easy and can be done in the branch, over the phone, or you can apply online in as little as 5 minutes.
Frequently Asked Questions
Do I have to be a member to apply?
Yes, in order to get a Payday Alternative Loan, the applicant must be an existing CBC member for at least 90 days.
Is there an application fee?
Yes, there is a one-time application fee of $20 regardless of loan amount.
Is there a time on job requirement?
Yes, you must have at least 3 months at your current employer to qualify.
How much can I borrow?
Loan amounts are between $200 and $2,000 on approved credit.
Latest News
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Easy Money – Q2 2025
Welcome to OceanAir's e-Newsletter! Get the latest news about what's going on in and around OceanAir Federal Credit Union. Letter from our President and CEO, Rick Weber. Dear OceanAir Members, As we step into the second quarter of the year, I want to take a moment to thank you for being an essential part of the...Continue Reading -
Mountain Fire Support- Fundraising Extended Through April 30, 2025
Together We're Making an Impact! We would like to convey the extension of our fundraising campaign through the Pennies with a Purpose platform. The campaign will now run until April 30th, giving you more time to contribute to these vital causes. Your generous support will continue to aid the Mountain Fire Relief efforts through the Ventura County Community Foundation's Wildfire Relief...Continue Reading -
Important Security Alert: Beware of Fraudulent Activities
An important message from the OceanAir Risk Management Team Dear Valued Members, We hope this message finds you well. We are writing to inform you of a recent increase in fraudulent activities targeting our members. Fraudsters are spoofing OceanAir Credit Union phone numbers, impersonating our employees, and sending emails that appear to be from our...Continue Reading