No Credit, No Problem!
Our Credit Builder Loan
The Credit Builder Loan is similar to a share secured loan with one key difference: the Credit Union will lend the member the money to create the share-secured loan.
This loan does not meet the member’s need for immediate cash, but does help them establish positive payment history on their credit report. The member makes payments each month on the loan and as they make payments the paid principle portion becomes available for them to withdraw from savings.
These loans will be available using the following criteria: