As your trusted financial partner, we are here to assist you when you need it. Whether you are looking to build or rebuild your credit, we offer many credit-building opportunities to meet you where you are and get you to where you want to be. Our goal is to help you achieve financial success by building a credit history to ensure your future financial savings and security.
Using your savings as collateral, our Visa Secured Credit Card can help you improve your credit score or establish a credit history with standard reporting to credit reporting agencies. A Visa Secured Credit Card aids in building credit since it reports to the credit bureaus as a “secured” and “revolving” debt. This credit card holds the amount borrowed in your account while you make payments.
Our Credit Builder Loan is designed to assist borrowers in establishing a credit history for future financing needs. Regardless of where you are on life’s financial journey, our Credit Builder Loan is a great way to get a jump start on building or re-establishing a credit history. This loan includes:
With a Share Secured Loan, you borrow against your savings at Y-12 FCU. This loan holds the amount borrowed in your account while you make payments, essentially building your credit and savings simultaneously.