SUITLAND, Md. — The $808 million Andrews Federal Credit Union has begun offering its members an alternative pay day loan program.

The credit union began offering its “Cash to Go” to its members in October 2007. The CU described the product as a “lower cost alternative to those who rely on payday loan sorts of products that meet their cash needs” and added that the product’s goal was not to make money.

The product does not have any fees and does not require a savings or checking account, although the members are required to have direct deposit with the CU or the member to show three pay stubs as proof of employment.

Andrews members will be able to use the program to obtain a short term loan equal to a maximum of 75% of their standard paycheck, the CU said.