This unique loan doesn’t require credit or income verification—making it an easy way to build savings, boost your credit score, or fund a financial goal.
APR, terms, and conditions may vary based on the loan amount and individual circumstances. All loans available to eligible members. Funds may be used for any purpose. Restrictions may apply. Contact us for more details. Federally insured by NCUA. Equal Housing Opportunity.
A Credit Builder Loan is designed to help you establish or improve your credit. Instead of receiving funds up front, the loan amount is placed into a secured savings account while you make payments. Those on-time payments are reported to credit bureaus to help build your credit history.
When you take out the loan, the funds are deposited into a savings account in your name but remain locked. You make regular payments, and once the loan is fully paid off, the funds are released to you.
Yes. Your on-time payments are reported to credit bureaus, which can help you build or improve your credit over time.
No. A Credit Builder Loan is specifically designed for members who are new to credit or looking to rebuild it, so credit requirements are more flexible.
No income verification is required, making it easier to get started.
You can borrow up to $5,000, depending on your needs and eligibility.
No. Credit Builder Loan funds are held in a secured savings account until the loan is paid in full.
Once a Credit Builder Loan is fully repaid, the funds in your savings account are released to you and can be used for any purpose.
Once released, you can use the funds for anything—such as building an emergency fund, making a large purchase, or reaching another financial goal.
Loan terms can vary based on your loan amount and your circumstances. It’s best to contact a member of our lending team for specific options.
Rates and terms vary depending on the loan amount and your situation. Please contact a member of our lending team for current rates and details.
Yes. Credit Builder Loans are available to eligible members.
Please complete our secure online loan application to apply for a Credit Builder Loan.
