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Credit Builder Loan

We get it, life happens

And sometimes that means your credit score might need a little help.

We want to get you on the road to financial success and our credit building loan is one of the best ways to build credit... and save.

Credit Builder is a loan designed to help those with no credit or colorful credit. The program focuses on building or rebuilding your credit score while helping you develop good savings habits.

Here’s how it works...

  • We give you a loan and deposit the funds in an SCE FCU Savings account in your name, where it earns dividends
  • You make on-time monthly payments based on simple terms we both agree upon
  • As you repay, we report your good payment history to the credit bureaus, which helps build your credit
  • A high credit score can translate into lower rates on future loans, better terms on rental agreements, and more
  • As you make payments, the funds are made available to you – or you can leave the money in the account for whatever you choose

This is an easy way to build your credit and also save.