Credit Builder Loans

Build Savings or Pay Debts, all while giving your credit score a boost.

Let’s Build Your Credit

If your credit score has taken a hit, or you’re looking to grow savings for a major purchase, let’s build it up. Have your credit score and savings go beyond “average” and soar to new heights!


  • Get the home you want. The house of your dreams is easier to get when your credit score is high and you have a down payment.
  • Save Money on Loan Rates. A high credit score can mean lower loan rates.
  • Money from your loan will be saved to achieve your goal.
  • Save Money on Auto Insurance. Your score also impacts on auto insurance rates.
  • Impress Employers. Some employers check your credit score.
  • Establishes credit for future financing needs.
  • You pick the term and the amount that cater to your needs.

A member wanted to start planning to purchase a home following a divorce, but her credit score was really damaged. By planning ahead and using a Credit Builder Loan to repair her credit history, she is steadily improving her credit score and chances of being approved for a mortgage.


TERMSAPR - Share SecuredAPR - Credit Builder
up to 60 monthsas low as 3.19%as low as 3.25% based on term
61-75 monthsas low as 4.19%not available

APR = Annual Percentage Rate. Loan Rate is determined by your credit score.

Updated February 1, 2023


The accuracy of our calculators and their applicability to your circumstances are not guaranteed. You should consult with a qualified professional regarding your particular circumstances.


Loan Late Charge
Returned Loan Payment Check$29 each

Frequently Asked Questions

Is there a prepayment penalty?

If you pay the loan off early, there is no penalty. However, if using the savings purpose of this loan, the funds in the Term Share Certificate may be subject to an early withdrawal penalty if taken before maturity.

How does the savings purpose of this loan work?

The funds from the loan will be deposited in a Term Share Certificate – both with the same term. So, not only do you pay a low rate on your loan, you also earn dividends on the Term Share Certificate.

How does the loan work if I am paying delinquent debt?

The funds from the loan are placed in a share with a hold. Your Financial Service Representative will set a schedule for you to bring statements in, and once provided, they will release the funds to pay those debts.

How long does the application process take?

Once we have your completed application and income verification, we can usually close your loan within an hour.

Build Your Credit & the Foundation for your Financial Future

Using a Credit Builder Loan can improve your credit score and positively impact how you live, work, and play.