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Collins Community Credit Union

Credit Builder Loan

 

Whether it’s your first-time establishing credit or you need a fresh start, we’re here to help.

Your credit score and history have a strong impact on your financial future. A good credit score can open the doors to helping you reach your financial goals – whether it’s getting an auto loan for a new car, signing the lease on a new apartment, or perhaps securing a student loan to go to college.

Here’s how the Credit Builder Loan1  works:

  • You borrow $1,000, which is placed into a Savings Ltd account
  • You make on-time monthly payments, which we report to the credit bureaus
  • When the loan is paid off, the funds are released to you – plus dividends earned2!

Features:

  • Flexible payment terms from 12 to 37 months
  • Fixed loan rate of 8.50% APR3 regardless of your credit history
  • Access to a wide range of financial wellness tools and resources, including our partners at GreenPath
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Flexible payment terms from 12 to 37 months

Percentage 3

Fixed loan rate of 8.50% APR3 regardless of your credit history

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Access to a wide range of financial wellness tools and resources, including our partners at GreenPath

What's News

  • Get to Know Gives Back

    25 April 2024
    Read below to learn about (and listen about) our exciting partnership with The Gazette!  Learn More
  • Discounted Adventureland Tickets

    24 April 2024
    As a member of Collins Community Credit Union, you can receive a discount on Adventureland Park and Adventure Bay Water Park tickets! Learn More
  • ATM to ITM Upgrades Coming

    15 March 2024
    Upgrade your banking experience with our ATM to ITM conversion! Learn More
  • Empowering Success - A conversation on Achieve@Collins

    04 March 2024
    Embark on a journey of financial empowerment with Collins Community Credit Union’s Achieve@Collins Program (originally launched in 2022). The program, led by our Retail Team, is a financial toolkit that includes our Simple Checking account, Credit Builder loan, and Financial Wellness resources. In February 2024, our branch sales manager, Michael, presented the program at Simpson College for their Upward Bound student program. Read on for his insights on Achieve@Collins’ impact in the... Learn More
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