No Credit? No Problem!
At CCU, we believe in first and second chances. Our Credit Builder Loan is here to help you improve or establish your credit history and raise your credit score all while building up your emergency fund!
Benefits:
- Builds credit and jumpstarts your savings
- Reasonable rate with flexible terms
- Earns dividends
- Easy payments
- Low risk
- Great learning opportunity
How it works
- Discuss your options with a Certified Financial Counselor and apply for a Credit Builder Loan
- Apply online or call 800-258-0023 to get started.
- Make timely payments
- Your loan funds are held in your savings account while you make regular payments throughout the loan term.
- Receive your funds
- Once your loan is paid off, you now have built up your savings to either continue saving money or use as you see fit.
- Your credit history has been reported to the credit bureaus, which will help demonstrate your creditworthiness.
Who should apply
- Members with low to no credit history
- First-time borrowers
Other things to consider
- A Credit Builder Loan does not give you immediate funds. Instead, the funds are secured in a savings account, earning you dividends. Once the loan is paid off, you are then free to use the funds as you see fit.
- You may want to pay off your credit builder loan early. However, making regular payments are the key to building your credit score.
Kickstart Your Credit
& Earn Rewards.
Our Credit Builder Credit Card is our secured credit card that can help you build your credit all while earning reward points!
Benefits:
- Low Rate - 11.88% APR*
- Earn Rewards - 1 point for every $1 spent on qualifying purchases
- No Annual Fee, Balance Transfer Fee or Cash Advance Fee
- Tap to Pay
- Local Service - Call CCU during business hours for account inquiries
- Apple Pay, Google Pay & Samsung Pay available
- No minimum finance charge
- Builds credit
- Easy payment options - Recurring payments through Online Banking
- Fraud Protection with alerts
How it works
- Discuss your options with a Certified Financial Counselor and apply for a Credit Builder Credit Card
- Apply online or call 800-258-0023 to get started.
- Use your credit card, earn points and make timely payments
- As you use your card and make payments, your credit history will be reported to the credit bureaus, which will then demonstrate your creditworthiness to future lenders.
- Use your Reward Points
- Redeem your reward points for cash back on your statement, shopping, travel, gift cards and more!
- For more information, access uChoose Rewards through your Online Banking.
Who should apply
- Members with low to no credit history
- First-time borrowers
- Students
Other things to consider
- A secured credit card is a type of credit card that is backed by a cash deposit from the cardholder. This deposit acts as collateral on the account, providing the card issuer with security in case the cardholder can't make payments.
We're here for your financial wellbeing.
CCU has five certified Credit Union Financial Counselors who are able to discuss budgeting, importance of saving and even help you set long term savings goals.