CreditBuild Secured Loans

A safe and secure way to improve your credit score or establish credit. Proceeds will be deposited into a CD*, with a hold placed as security (collateral).

  • Fixed interest rate: 3.0% over the applicable CD rate
  • Minimum loan amount: $1,000.00
  • Loan Repayment terms: 6, 12, or 18 months
  • No minimum credit score
  • Maximum debt ratio: 50%*
  • Debt protection available

Need to make your loan payment?

You have a variety of options available to you for making your payment. Click HERE to review and determine what best fits your needs.

*Late payment fee: $20 accessed when a payment is 15 days past due. Because the purpose of this loan is to assist in building credit, if a payment becomes >30 days past due, the credit union will exercise the "right of set-off" and use the funds in the CD to pay off the loan. Term of the CD will be same as term of loan. A pledged share hold will be placed on the CD. When the loan is paid off in full, the pledged share hold will be removed. Proof of income is required. Debt Ratio is calculated based on the applicant's total monthly payment obligations divided by the applicant's monthly gross income.Some restrictions may apply.