NEA Member Benefits has partnered with BMG Money to help members access reliable,
affordable online installments loans regardless of credit history.10
BMG Money is a 14 year old company that has provided access to over $3.8 billion in loans to satisfied employees.
Discover if the NEA Advantage Loan is the answer you’ve been looking for.
Loans ranging from $500-$12,000 & terms from 6-48 months and rates from 19.99%-35.99%
Most borrowers get their loan proceeds deposited in their bank accounts instantly.
Cheaper than payday loans.
No penalty rates, no balloon payments, no prepayment penalties, no application fees.
Easier repayments direct from your paycheck, payroll deduction or bank account.
You are more than your credit score.
Loan offers in minutes from any device
All loan payments are reported to the credit bureaus.
Enter "NEA" or the school district you work for as your association/employer.
Tell us about yourself and provide required documentation if needed.
Sign your loan documents and get your money with same day funding available. 4
At BMG Money, we make it our priority to protect your privacy and safeguard your information.
- We protect accounts with multi-factor authentication, the use of firewalls and other safeguards.
- Our networks are monitored around the clock.
1 Loan amounts range from $500 to $12,000. Loan lengths range from 6 to 60 months. Annual Percentage
Rates (APRs) range from 19.99%-35.99%. Many loans have a one-time 5% origination fee. Loans do not
require repayment in full within 60 days from the loan issue date. For example, a $3,000 loan repaid in 52
biweekly installments of $76.00 over 24 months will have a 31.35% APR. Your loan’s details will depend on
the amount and your payroll schedule.
Most BMG Money-branded loans are made by WebBank. As of 08/01/2025, loans to residents of Illinois,
Ohio, and Rhode Island are made by BMG LoansAtWork, Inc.
BMG LoansAtWork, Inc. is licensed in many states. For more information, see https://www.bmgmoney.com/compliance.
Loans through BMG Money are provided at a significantly lower cost than most payday loans. According to
the Consumer Financial Protection Bureau, “A typical two-week payday loan with a $15 per $100 fee equates
to an annual percentage rate (APR) of almost 400%". Your actual loan's details will depend on the amount
and your payroll schedule.” Source: https://www.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/
2 Your FICO Score will not be pulled or used for the processing of your loan application. Alternative credit scores are pulled and used in determining creditworthiness. We report payment history to all three major credit reporting agencies and failure to make payments may affect your credit scores.
3 A loan offer is not guaranteed. Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant’s credit profile. Loan terms are subject to verification of identity and credit information. Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. We will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
4 If you provide a valid debit card linked to the bank account where your primary income is generally deposited, Instant Funding is available within minutes of signing for your loan. For applications approved and signed by noon ET, same-day ACH funding usually is available. For applications approved and signed by 4:30 pm ET or on Sundays and holidays, funds usually are deposited the next business day.
