American Eagle Financial Credit Union Launches CashPlease^® to Expand Access to Short-Term Lending

American Eagle Financial Credit Union (“American Eagle”), Connecticut's strongest financial partner, announces the launch of CashPlease®, a new short-term loan option designed to provide eligible members with greater access to funds when facing unexpected expenses.

The CashPlease loan expands American Eagle’s lending options by considering a member’s existing relationship with the credit union and deposit transaction history as part of the underwriting process. This approach provides an additional pathway for eligible members who may not qualify through traditional lending channels, helping them address unexpected expenses such as urgent car repairs, broken household appliances, or other unplanned costs. 

By offering a lending solution that recognizes a member’s unique financial circumstances, CashPlease supports American Eagle’s mission of helping individuals achieve greater financial freedom at every stage of their financial journey. The product reflects the credit union’s commitment to meeting members where they are with personalized solutions designed to provide access, flexibility, and confidence when financial challenges arise.

“Unexpected expenses can happen to anyone. For some of our members, accessing the money they need in those moments can be challenging,” said Ashley Rollins, Vice President of Lending Administration at American Eagle Financial Credit Union. “CashPlease considers the specific relationship they have built with American Eagle. Our goal is to provide responsible, accessible options that help members navigate financial setbacks and continue moving forward on their financial journey. Not every member’s path looks the same, and this gives us another way to support their individual needs while advancing their long-term financial well-being.”

Eligible members receive a predetermined loan amount based on factors such as their transaction history and the length of their relationship with American Eagle. The CashPlease loan features a fixed six-month term, with the flexibility to pay the balance early without a prepayment penalty, and no application or origination fees. 

American Eagle selected CashPlease after evaluating available short-term lending solutions, with flexibility around fees serving as an important consideration. Offering the product without an application fee aligns with the credit union’s goal of creating an accessible option for members who may already be facing an immediate financial need. 

As part of American Eagle’s ongoing commitment to helping members build financial stability and achieve financial freedom, CashPlease is now available to eligible American Eagle members. Additional information, including eligibility requirements and loan terms, is available here.