How To Apply

STEP ONE

Complete the online BalanceTrack® Financial Fitness REQUIRED course.

Online course requires that employee:

Review Chapters

Fill-in personal information on quiz page so that your score can be recorded. Note: Quiz requires an email address.

Obtain a score of at least 8 out of 10 correct answers to continue with loan application (Employees may retake the quiz twice within a 24 hour period. If you fail, you will be locked out for 24 hours. You may retake the quiz after the cool off period.)

STEP TWO

Complete the Loan Eligibility Checklist below.

STEP THREE

Approved Loans require employee to submit deposit form to their payroll officer

Employees who have been approved for the loan and have properly completed the BalanceTrack® requirement will receive funds no later than two (2) business days from the Loan Office receiving proper notice from employee's Payroll Office.

For more information about the Virginia State Employee Loan Program, loan repayment, and interest rates, visit the FAQ page.

Loan Eligibility Checklist

To participate in the Virginia State Employee Loan Program, all of the following are REQUIRED. You must check all checkboxes.

Question 1

I am a full-time state employee who has been employed by the Commonwealth for at least 12 months.

Question 2

I have completed the required financial education course and scored at least 8 out of 10 correct answers. If not, DO NOT PROCEED without completing this requirement, click here to complete the BalanceTrack® financial fitness course. (Funds will not be released if this requirement is not properly completed.)

Question 3

I know my Virginia State Employee ID number. (Hint: This is the state PMIS number and can be found on your paystub, your health insurance benefits card or located from your HR office).

Question 4

I am a member of The Virginia Credit Union (VACU), and I know my member number. (Hint:Your VACU member number is located at the top of your VACU periodic statement. If you don’t know your member number, you will be given the option to select SSN and enter your Social Security Number instead. If you are not a member of The Virginia Credit Union, you will need to join before proceeding.Click here to learn how to join VACU.

Question 5

I have a VACU checking or savings account to receive the loan funds and the direct deposit for my loan payments. (Hint: You will need to know the number of this account for the application. That appears on your VACU periodic statement.) If you are a VACU member but you don’t have a checking or savings account, you will need to open an account before proceeding.

Question 6

I know how often I am paid (only employees paid monthly or semi-monthly are eligible during the pilot phase of this loan program.)

Question 7

I am working from a computer with a printer and Adobe PDF reader. If not, log onto another computer and continue the process starting at step 2.

Question 8

I recognize that I can only receive one loan at a time and a maximum of two loans per calendar year.

Question 9

I agree to repay the Virginia State Employee Loan through direct deposit to VACU.

Question 10

If approved, I recognize funds will not be released until I sign and submit the direct deposit form and return it to my payroll officer.

Question 11

I understand if my account has insufficient funds for repayment, the entire remaining loan balance may be deducted from my next paycheck.