Credit Builder Loan Program

Credit Builder Loan Program is designed to help members with no credit history or low credit score. It can help build a credit history for members that have never borrowed money from a lender that reports payments to a credit bureau and help raise credit scores by establishing a record of paying debt as agreed. Loans are available in amounts up to $2,400 for terms of up to 24 months. The loan interest rate is set at 0%. The loan proceeds are placed in a restricted interest-bearing deposit account paying thn prevailing interest rate for such accounts and the loan payments are made monthly from the restricted deposit account. There is no loan application fee and no credit report is pulled.