Credit Builder Loans

We offer loans for members who want to establish their credit history. With this special loan, you can deposit a certain amount of money in your savings account. This money will earn interest like any other savings account. The Credit Union "freezes" this money and gives you a loan for the same amount. You repay the loan at a low interest rate.

At the end of the term, the Credit Union "unfreezes" the money in your savings account. At the end of the loan, you establish a credit history and only end up paying the small difference between the interest paid on the loan and the interest earned in your savings account.

The maximum term is 24 months.