Your Path to Better Credit Starts Here. Simple. Local. Secure.
We’ll Help You Build the Foundation to Your Future.
Whether you’re just starting your financial journey or looking to rebuild your credit rating, SMCU is here to help you take the lead, and our Credit Builder Loan is a simple, low-stress way to prove your creditworthiness.
How it Works
This isn't a traditional loan where you spend the cash upfront. Instead, it’s a disciplined way to show lenders you’re a reliable borrower:
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No Credit Check Required: Your past doesn't define your future here. We focus on where you’re going, not where you’ve been.
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Save as You Go: The loan funds a Certificate of Deposit (CD) in your name. As you make your monthly payments, you are building a credit history and a savings balance.
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Local Reporting: We report your on-time payments to the credit bureaus, helping you move toward the credit score you’ve always wanted.
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Quick & Easy Setup: Because we’re local, we make decisions fast so you can start building immediately.
The Specifics
- Loan Amount: Borrow up to $5,000 to establish a solid credit foundation
- Eligibility: Open to all members 18+ (no credit pull needed)
- Repayment Term: A manageable 2-year maximum term with monthly payments
- Competitive Rates: Low fixed rates starting at 2.50% APR above the CD rate with AutoPay.
Your 3-Step Path to Better Credit
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The Setup: We fund a CD for the loan amount (you just provide a 5% security deposit).
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The Progress: You make small, manageable monthly payments over the next (up to) 24 months.
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The Reward: Once the loan is paid off, the money in the CD is yours—plus interest! You’ll walk away with a better credit score and a lump sum of savings.
Take the First Step
Request Info to start building a reputation you can be proud of with a local partner that has your back.