Credit Building Loans
Let’s build your credit and boost your score.
Better credit opens financial doors
Good credit can mean a better rate, a better chance at being approved, and greater financial flexibility to face the unexpected. We’ll help you down the path to better credit with one of our credit building loans.
Secured Credit Card
A secured credit card uses the money in your savings account as collateral for the credit limit. Here’s how it works:
Get approved
Get approved with any credit score for a credit card limit between $500 and $15,000. As a secured loan, your savings will determine your credit limit.
Make monthly payments
Build or rebuild credit by making timely monthly payments. You can transfer your savings to pay off the card at any time.
Free your savings
Once your credit has improved, you can reapply to have the hold on your savings lifted.
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Type |
APR as low as |
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| Rates effective 10/12/2024 | |
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See the Consumer Credit Card Application and Solicitation Disclosure for EastRise Visa and Visa Rewards details. The index is the Wall Street Journal Prime published on the 25th day of each month, plus your margin. All rates quoted are subject to change monthly, the maximum interest rate is 18%. The rate may increase after the consummation of the loan. These are our posted rates; your rate could vary according to your credit. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term. APR = annual percentage rate. |
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Type Visa |
APR as low as 12.50% |
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Type Visa Rewards Card |
APR as low as 14.50% |
Savings-Secured & Certificate-Secured Loans
Want to work on your credit score, or simply want a low-interest loan option? A Savings- or Certificate-Secured Loan may be the answer. Here’s how it works:
Determine what you need
If you have a Certificate or funds on deposit that you don’t need to access daily or monthly, you can borrow against that money. This loan has a $300 minimum and no maximum.
Enjoy low rates
Our APR is tied to deposit rates, so you can still earn money on your secured deposits and have lower interest payments.
Release the hold
As you build your credit, you’ll be able to access the funds securing the loan. Every payment you make will reduce the hold by the amount paid to principal.
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Type |
Terms (up to)2 |
APR |
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| Rates effective 10/12/2024 | ||
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APR = annual percentage rate and reflects the current minimum APR offered. Other rates and terms may be available. APR may be adjusted based on your individual credit standing and term. |
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Type Savings Secured |
Terms (up to)2 180 months |
APR 3% above deposit rate |
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Type Certificate Secured |
Terms (up to)2 180 months |
APR 3% above certificate rate |
build your credit
Apply now and begin your journey to a better credit score.
Credit Builder Loan
You don’t need extra cash on hand to build your credit. Even if you don’t have savings you can set aside, we can approve you for our Credit Builder Loan to help you save money and improve your credit score.
Apply for up to $1,000
Apply for a loan amount between $300 and $1,000. Once you’re approved, we place the money in a dedicated savings account.
Pay to build credit
By making timely payments each month, you can build or improve your credit score.
Earn future savings
Your payments release funds in your account equal to the principal you have paid down. If you don’t need that money immediately, those funds can become a down payment or part of your emergency fund.
Apply for a credit building loan
If you are already a member and want to apply online, it’s easier to open an account once you’ve logged into online or mobile banking. That way we can save you time by pre-filling the application with your information.
Disclosures
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Payment example: $1,000 loan for 12 months at 3.10% APR will have a monthly payment of $84.85.
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Cash back rebates will accrue over three calendar years and will expire on a rolling, first-in/first-out, annual basis; cash back rebates earned in a calendar year will expire on the last day of the third calendar year. For example, any unredeemed cash back rebate that was earned in 2021 will expire on December 31, 2024; unredeemed cash back rebates earned in 2022 will expire on December 31, 2025, etc. If you close your account without redeeming your rebates, or the credit union closes your account due to delinquency, your rebates are forfeited.
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