Build your credit and your savings
Our Credit Builder Loans were created to support you as you start or build your credit while creating a lasting habit of saving. It's more than just a loan — it's a foundation.
No credit score is required
The amount and term length can be customized to fit your needs
Build your savings in the process
On-time payments are reported to the credit bureaus to improve your credit score
Helpful Tip
Who benefits from a Credit Builder Loan?
Members without a credit history or who have low scores and minimal debt will benefit the most. You should also be able to stick to the loan's timeline and avoid paying it off early.
Helpful Tip
Who benefits from a Credit Builder Loan?
Members without a credit history or who have low scores and minimal debt will benefit the most. You should also be able to stick to the loan's timeline and avoid paying it off early.
No credit score is required
The amount and term length can be customized to fit your needs
Build your savings in the process
On-time payments are reported to the credit bureaus to improve your credit score
How it works
Step 1
You apply for the Credit Builder loan
Step 2
Your loan amount will be held in a secured savings account for you.
Step 3
Make on-time payments:
- We’ll report those payments to the credit bureaus to help build your credit.
- You’ll get in the habit of putting money toward a savings fund.
Step 4
Once you finish paying off the loan amount, the funds in your account will be released for you to keep.
Need help understanding or managing your credit?
Self-Help offers FICO® Credit Score Reviews free to members. Learn more and book a 30-minute session at a credit union branch.