Start building credit the right way!
How It Works:
- Request a Credit Builder Loan for any amount between $500-$2,500
- Make your payments – funds are held in your savings account and
are released when paid in full. This allows you to establish a regular
payment history on your credit report! - Receive your funds – Once your loan is paid off, your funds are
released and ready for use!
Benefits
- Flexible Term – From 12 to 36
months. - Fixed Loan Rate
- Earn Dividends – funds in your SCFCU
Savings account earn dividends at the
published dividend rate. - Establish Credit – as you repay on
time, we report this information to
the credit bureaus.
released and ready for use!
Who Should Apply?
- People who have not yet built their credit history
- People seeking to improve their credit