Our Credit Builder Program was purposefully created to help our members build, rebuild, or strengthen their credit score. So no matter where you are in your financial journey, we are dedicated to finding ways for you to thrive.
How Does it Work?
Open a Credit Builder Loan
You can set the loan amount*
Make your monthly payments on time
We report your payments to the credit bureaus which builds your credit
Unlock your savings
Once your loan is paid off, your funds are available for you to use!
Credit Builder Loan
Imagine a way to build your credit score while you build your savings. That’s exactly what our credit builder loan does for you.
It’s simple. Open a Credit Builder loan and we’ll hold your loan funds and lock them in your savings account for you. You simply make 12 monthly payments to your Credit Builder loan and we’ll report your payment history to the credit bureaus. Once your loan is paid off, the original loan amount you borrowed is unlocked and now sitting in your savings account! It’s that easy. You’ve now improved your credit history and saved money.
No Upfront Costs
No application fee
No Monthly Program Fees
No monthly maintenance fees
Fixed Rate APR
6% fixed APR* regardless your credit
*The Credit Builder loan has a term of 12 months minimum amount of $300 and a fixed rate of 6% APR. The loan is secured by the loan proceeds and unavailable until the loan is paid in full. APR=Annual Percentage Rate
Whether you’ve never had a credit card before and you’re looking to start building credit, or if you need to reboot your credit, our Secured VISA** may be a good fit for you! You can build credit safely and securely and after a review period, your card will transition to a regular Platinum VISA without losing your payment history (which means no harm to your hard-earned new credit score!).
**Subject to membership approval. Visa is secured by the deposit pledged in your savings account, see credit card agreement for rate and full details.
Fill out the form below to see which Credit Builder product may be right for you!