Tight Spot

Tight Spot Loan - Borrow up to $2,000

  • If you are using the Mobile Banking App, please make sure you have updated your app
  • Log in to Online Banking or Mobile Banking App 
  • Tap the "Services" tab and then "Tight Spot" from the menu
  • Follow the simple steps and begin your application! 

It’s easy to apply for a Tight Spot Loan! Do it anytime, anywhere, via online or mobile banking.  If you need help setting up Direct Deposit so you can qualify in the future, please choose the Video Banking icon below.

How to Apply for a Tight Spot Loan


Are there any limits as to how I can use my Tight Spot Loan?

​No! You can use a Tight Spot loan for any financial need, including home improvements, when you need a little extra cash to cover monthly expenses, school expenses, emergency car repairs or anything in between.

Are there any fees?

An application fee of $20 is charged for every Tight Spot application, whether or not the loan is approved.

The application fee is non-refundable. The fee is assessed after application and charged to the member's Checking or Savings account regardless of whether the loan is approved, denied or declined by the applicant.  So, if you don't have regular deposits, don't apply until you set them up.

If your payment is 15 or more days late, there is a Late Payment Fee of 5% of the payment due.

What’s the maximum amount I can borrow?

The maximum amount available for a Tight Spot Loan is $2,000. The minimum amount is $500. The amount approved will vary based on the individual borrower's eligibility.

How is the loan approved?

When evaluating your application, a loan decision takes into consideration your membership, including factors such as payment history, and deposit activity. You must also be 18 years or older and the primary borrower to qualify.

To improve your membership standing, you can do things like:

  • Use your checking account regularly for daily purchases
  • Stay up-to-date on your loan payments
  • Avoid overdrawing your account

How many Tight Spot loans can I have at a time?

Members are only allowed to have one (1) active Tight Spot loan at a time.

How will I receive the funds?

Upon approval, your funds, ranging from $500–$2000, will be deposited into your checking account within minutes for ease of access. If you don't have an active Checking account, funds will be deposited into your active Savings account. Only members with an active Checking or Savings account are eligible to apply.

How do my automatic payments work?

No need to worry about signing in to your account or calling your local branch to make a payment. Upon approval, you can choose to have automatic payments set up for you, giving you peace of mind that your payments will be on time.  

When your loan is approved you will be prompted to select a due date and automatic monthly payment pre-authorization. Depending on the due date selected, the first payment date may be no more than 30 days from funding. The automatic payments will be taken out of the same account the loan amount was deposited into. If the loan payment is not made within the grace period (15 days), a late payment fee may be assessed.

What else should I know?

The APR for the Tight Spot loan is a fixed rate for the duration of the loan. The APR will be 18% APR. 

*All loan applications are subject to review of eligibility and approval. The Annual Percentage Rate (APR) is accurate as of 3/1/23. The APR for the Tight Spot loan is a fixed rate for the duration of the loan. The APR will b 18% APR. The minimum loan amount is $500, and the maximum loan amount is $2,000. If your payment is 15 or more days late, there is a Late Payment Fee of 5% of the payment due. Loans are available to members who meet certain eligibility requirements and are considered a member in good standing. Tight Spot loan is only available through online or mobile banking.​ No minimum credit score is required.  Other underwriting criteria may apply.

Questions?  Call us on

Video Banking!

When you're in a tight spot financially, get cash within 60 seconds.

If you find yourself in a tight spot needing extra cash fast, a Tight Spot loan can help immediately. If you have regular deposits, within just 60 seconds, you can get money when you need it most, deposited right into your account–no credit check required! Apply today using our Mobile App or Online Banking.  Tight Spot loans are a smarter alternative to other high-cost options and help you to build or repair credit. While there is no credit check required, we will be reporting repayment history to the credit bureaus.  However, you must have regular deposits to qualify.  Please read more below.

Tight Spot Eligibility: 

  • Must be an ongoing Holy Rosary Credit Union Member in good standing. 
  • Must be enrolled in HRCU’s Mobile or Online Banking.  (If you use the HRCU's mobile app, make sure and update first.
  • Must be 18 years or older.
  • Must have regular deposits to your account.
  • Must have been a member for at least 90 days.

Features and Requirements*:

  • Loans up to $2,000 with a fixed payment up to 12 months (term dependent on loan size).
  • 18% Interest Rate.
  • $20.00 application fee (denied or approved).
  • No credit check required, with an instant loan decision.
  • Can be used to build or repair credit.
  • You may have only one outstanding Tight Spot loan at a time.
  • A maximum of 3 Tight Spot loans are allowed in any 6-month rolling period.
  • Not available for trust accounts, business accounts, or youth accounts.
    *Other requirements included, such factors as bankruptcies, payment history on existing loans, negative balances, etc.