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Credit Builder Loan

Our Credit Builder Loan was designed for members looking to build or repair positive credit history. This loan is ideal for those who have little to no credit history, as well as those who need help in improving their credit history and score.

This unique loan doesn't require you to place collateral on hold to secure the loan.  Instead, the loan funds are placed on hold in your Savings account. As you pay down the loan balance, the funds will be released from hold. Each month, as the loan is paid on time, those payments are reported to the Credit Bureau; demonstrating positive payment history and helping to improve your credit score.

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Prefer to speak with a representative? We'd love to help you out! Give us a call at 860.828.2790 or schedule an appointment at our Meriden or New Britain branch.

Personal Loans
Loan Type Rates as low as*
Personal Loan (Unsecured) 8.99% APR
Secured Personal Loan (Share or Certificate) Current rate on account + 2.00% APR
Student Loan Consolidation 5.49% APR
Credit Builder Loan 9.00% APR (fixed)

Payment example: 60 month term personal loan at 8.99% APR = monthly payments of $20.75 per $1,000 borrowed.