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Borrow for today and tomorrow!

Tired of all you money going to interest, pay your loan and yourself.


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                                              *Must be over 18 to apply.

Freakn' Fast Loan*
Average Payday Company**
Annual Percentage Rate
Maximum Loan Amount
Loan Term
26 weeks
2 weeks
Full balance + Fee due
(weekly, $20 of it goes in your savings)
(fee + loan due in
2 weeks)

Savings @ End of Loan



Builds Credit Score


To many people, personal microloans might not seem like a useful lending arrangement. However, there are many people across America who rely on small loans. This is especially common among younger borrowers and people in more impoverished communities, but even people of means can benefit. Can you?

What is a Micro Loan?

If you have ever asked a friend or family member to loan you $20, then you know firsthand what microloans are. On a commercial scale, they do work a little differently, but the general premise is the same. Peer-to-peer lending platforms create the foundation for micro-lending. They connect people who need a little extra money, with lenders willing to provide the funds.

Why Would You Need a Micro Loan?

There are many creative reasons someone might seek out microloans. See if any of these apply to you or someone you know:

  • Emergency: When people need a few extra dollars, many turn to high-interest payday loans. These loans can climb up to a whopping 400% in interest. Microloans have much better terms and present an excellent payday loan alternative.
  • Business: Microloans help people in America and overseas to start businesses. When in the right hands and supporting a clever business idea, even a tiny loan can lead to exponential rewards for the business owner.
  • Credit: If you have new or bad credit, microloans can help you get capital even when other banks might turn you away. When paid back on time, microloans can also help you build your credit score. In fact, many microloans are marketed as “credit builder loans.”

How Do You Get One?

Unfortunately, some micro-lending platforms can become as predatorial as payday loan lenders. Because of this, many people now turn to their local credit unions for help. To serve your needs, Northpark Community Credit Union has created our own microloan offering. Contact us for more information.


This is NOT a Payday Loan!

Our goal is to get you out of the expensive and addictive payday loan. We do this by providing you an affordable short-term loan as well as helping you create a habit of saving. $20 per week of your Freakn' Fast payroll deduction is going in your savings account and will help you save for those emergency and annual expenses like Christmas and vacation.


How does the loan work?

  • Borrow up to $1,000 on your first loan (scroll down to see future loan terms)
  • Payroll deduction with $20 going into your savings account
  • No credit pull
  • The only loan requirement is that you’ve been a full-time employee of the same business for the last 12 months and not in a disciplinary plan


WITH US @ 317-733-2200

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Freakn' Fast Loan Terms

While our goal is to help you build a savings account so that you won't need future Freakn' Fast loans, we understand that life happens. We look to see good pay history by our borrowers to be able to offer them more money with longer loan terms, as you can see in the chart below. These loan terms are subject to change without notice and may vary based on the borrower's pay and job history during their last Freakn' Fast loan. If more than 6 months pass since paying off the last Freakn' Fast Loan, the borrower's next loan will be based on the terms of Loan #1. 

Loan # % of Gross Monthly Income Minimum Loan Amount Maximum Loan Amount Maximum Loan Term (months)
1 25% $500 $1,000 6
2 50% $1,000 $2,000 12
3+ 75% $2,000 $3,000 18



*Loan terms are subject to change without notice. $50 loan document fee for funded loans. Only one Freakn' Fast loan allowable per household at a time. May not currently be in or considering bankruptcy. NorthPark Freakn' Fast Sample Loan Payment: If you borrow $1,000, you will make 26 weekly payments of $43.73 at 40.69% APR plus $20 per week towards your savings for a total of $63.73 per week from your payroll deduction. Your total loan payback amount will be $1,136.88, plus $520 in your savings account.

**Terms of payday loan in the first chart (above) are based on average payday company comparison of interest rate charged. Sample loan amount assumes $600 payday loan is renewed every 2 weeks with a $75 fee per 2-week renewal. Paying the $600 loan off early would effect the total fees paid.