Credit Builder Loans

SJFCU’s Credit Builder Loan is designed for those with no credit history or those who have a less than perfect credit history and are looking for a fresh start.  The money you borrow is secured in your Savings account for the term of the loan, and dividends are paid on the money while you make payments and establish your credit. Once you have successfully paid the loan in full, the money becomes available in your account. Maintaining scheduled payments for a minimum of six months will allow the payment history to be reflected on your credit report and may help you improve your score.


Conditions to Qualify: 

  • Loans in the amounts of $500 - $2,500 are available at 12.50% APR, with flexible terms of 6 – 24 months.
  • Processing Fee - $35.00
  • Must be an Active Member
  • Proof of Income (to establish ability to pay) pay stub within 30 days (for students not currently employed, will accept a co-signer with completed application and proof of income).
  • Completed Application (with references)

Disclaimer: Form must be signed to be accepted. The credit union reserves the right to determine if prior or subsequent action may disqualify you from this program.