Build your savings and your credit at the same time with a Credit Builder Loan

  • Helps to build or rebuild your credit rating
  • Must be at least 18 years old to participate
  • No credit check required
  • Maximum loan amount is $5,000
  • The principal balance in the certificate must be equal to 105% of the balance of the loan (loan funds the principal balance and applicant funds the 5%)
  • Fixed rate of interest at 2.50%APR above the certificate dividend rate with autopay discount, 3.00%APR above the certificate dividend rate with coupon book
  • Maximum repayment period of 2 years, loans paid monthly
  • Quick, local decision-making and processing