CREDIT BUILDER LOAN
Build up your credit with confidence.
Building your credit from scratch or rebuilding good credit after bankruptcy can be hard to accomplish on your own. But with a Credit Builder Loan from Community West Credit Union, you can start to improve your credit score through on time monthly payments.
At CWCU, we grant you $500 Credit Builder Loan, which is deposited into a CD (Certificate of Deposit) for one year. This type of account offers a fixed dividend rate, letting dividends accrue over the course of 12 months. After one year of on time payments, you'll receive the $500, as well as any dividends earned by the maturity date.
*APR = Annual Percentage Rate. Subject to change. APR may be higher depending on your application. 12 Month Repayment term. Payment per $1,000 borrowed at 11.50% APR is $88.58 per 12-month term. Certain loans may have more requirements.