Abandoned Accounts | If your account has had no activity in the last year and you have not contacted the credit union, your account becomes dormant. After three years of dormancy, your account becomes abandoned, and the funds in the account will be sent to the State Comptroller by June 23, 2023. Click here for more details.
FRAUD REMINDER TO OUR MEMBERS | 5Point will NEVER call and ask for your online banking login information. Do not provide account login or card information over the phone. If you’re suspicious during a call, hang up and call the credit union directly at 1.800.825.8829 or visit your nearest branch.
Holiday Closing | We will be closed on Monday, June 19th, in observance of Juneteenth. 
Are you struggling to make ends meet each month? Are you using payday loans to get by? Approximately 12 million Americans use payday loans each year according to one statistic by finder.com.
Always contact 5Point Credit Union before going to a payday lender. We want to help you meet your financial goals by offering low rates and flexible terms. Contact us today.

Here are a few things to consider before taking out a payday loan:

5Point Loan

  • Low Interest – Rates as low as 9.00%
  • Credit Reporting – All credit union loans are reported to all 3 major credit bureaus.
  • Flexible Terms – Up to 48 month terms are available.
  • Easy Process – Most loans can be submitted and have a decision made within a few minutes.
  • Local Decisions – Decisions made locally by lenders who you know and trust to do what is right for you.

Payday Loan

  • High Interest - The interest on payday loans can range between 300% and 900%.
  • Credit Reporting - This type of loan doesn’t help your credit score, even if you pay it on time.
  • Vicious cycle - Consumers who cannot afford to repay previous loans in full on due date, end up extending their loans. This results in additional fees added on top of the original amount borrowed.
  • Deception by lenders - Payday loan companies can be deceptive in the information they disclose because of limited regulations.

Apply for a 5Point loan here.