Credit Builder

By: Credit Union Staff

Let the BCFCU help you build your credit score. Get a Credit Builder Loan today, to build for a better tomorrow.


  1. Better chance for credit card and loan approval
  2. Potential for lower interest rates on credit cards and loans
  3. Easier approval for rental houses and apartments
  4. Better car insurance rates
  5. No security deposits on cell phone contracts
  6. Lower to no security deposits on utilities


You pay the loan back on time, and you start on the path to improving your credit score. It’s that simple.
  1. The first step is making an appointment. You tell us your goals, and we’ll help you start reaching them.
  2. After approval, we review your credit score together and lend you up to $1,000 in a Secured Certificate or Savings Account. No money down. No fees.
  3. All you have to do is make monthly, On-Time payments, and we report your success to TransUnion and Experian. We can also meet regularly to review your score.
  4. At the end of the term, if you’ve made all your payments, you get to keep the $1,000. (And the higher credit score.) No strings attached.
*Credit Builder results are not guaranteed
– Credit Builder Loan is subject to application, eligibility and credit qualification.
– Improvement in your credit score is dependent on multiple factors specific to your situation and financial behavior. For example, late payments on utility bills, car loans or credit card accounts would negatively influence your credit score, even if your payments on a Credit Builder Loan are current.
– Failure to make required monthly minimum payments by the payment due date for the Credit Builder Loan will result in negative reporting to the credit bureau and will not improve your credit score.
– This product will not repair your credit, and negative credit history will not be removed from your credit report as a result of this program.

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