Build Credit.
Build Confidence.
Struggling to get approved because of low or no credit score? You're not alone - and we're here to help. At Options Credit Union, our Credit Builder Loans are designed to help you establish or improve your credit score, while also helping you save money along the way.
Why Choose Options Credit Union?
As a member-focused institution, we prioritize your financial well-being. At Options Credit Union you're more than just a credit score, you're family here.
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No Credit? No Problem - perfect for first-time borrowers or those building credit.
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No Hidden Fees - transparent terms, always.
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Credit Reporting - we report to all three major credit bureaus.
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Member-Focused Service - we're a not-for-profit credit union - your financial wellness is our priority.
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Easy Online Application: Apply from the comfort of your home. No pressure, no hassle.
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Personalized Service: Our team is here to guide you through every step of the financing process.
Not sure if a Credit Builder Loan is right for you? Speak to one of our team members - we're here to help you find the best path forward.
What is a Credit Builder Loan?
A credit builder loan is a small, secured loan that is specially designed to help you build positive credit history. They are a smart, safe way to work on your credit and maybe even build up your savings. Perfect for young adults new to credit, those recovering from past financial challenges, or anyone looking to improve their credit profile to qualify for better rates on future loans.
Available Credit Building Products
If you have been credit challenged, need help getting back on track, or simply need a little something extra, we may have a tailor-made product just for you. These loan products are designed to help you build your credit.
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Credit Builder Secured Loan - Instead of giving you the money upfront, we place the loan amount into a secure Options Credit Union CD account. You make monthly payments, and once the loan is paid off, the funds are released to you - plus any interest earned.
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CD Secured Loan - You make a deposit into an Options Credit Union CD account and we use it as security for the loan. The loan proceeds are given back to you. Once the loan is paid off, the CD is released to you as well - plus any interest earned.
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Share Secured Visa - Like the CD Secured you make a deposit to your Options Credit Union share account and we use it as security for your Visa. If you close your Visa the funds are released back to you.
How It Works
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Choose Your Loan Product - when building credit we recommend having both a regular loan and a revolving loan to maximize score potential.
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Choose Your Loan Amount - loan amounts can range from $500-$2,000, based on what fits your budget.
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Make On-Time Payments - make affordable monthly payments over a 12 month term. We report your payments to the major credit bureaus.
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Build Your Savings - your loan funds are held in a secure account - and you get access once the loan is fully repaid.
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Boost Your Credit Score - on-time payments can positively impact your credit history and score.
All rates are accurate as of 11/20/2025, subject to change.
APR is the Annual Percentage Rate.
Loan Type | Rate Range | Terms |
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Credit Builder Secured | 5% over the Certificate Rate | up to 24 months |
CD Secured | 3% over the Certificate Rate | up to 60 months |
Share Secured Visa | NA | NA |
Frequently asked questions
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The rate will vary based on type of credit builder your choose.
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Credit builders are a low cost-risk free way to improve your credit history.
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Programs, rates, terms and conditions are subject to change without notice.
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The applicable rate will be provided upon completion of a loan application.