Build Credit with Confidence
At The Credit Union for All, our Credit Building Options help you establish or rebuild credit with security and smart borrowing. Share Secured Loans and Share Secured Credit Cards use your savings as collateral, making them accessible while helping you build a positive credit history.
Are There Any Fees?
Most share secured products at The Credit Union for All have low or no application fees, and you continue earning dividends on your savings even while they secure your loan or credit line..
What About Rates?
Our secured loan rates generally run just a few percentage points above your savings dividend rate. The exact rate depends on your credit profile and current market conditions.
What Are Share Secured Loans?
A Share Secured Loan lets you borrow against the balance in your savings or share account without touching your funds. Your savings act as collateral, so you get a lower interest rate—typically just a few points above your share dividend rate—with terms up to five years. This loan helps build credit by establishing a history of on-time payments reported to credit bureaus.
How much can I borrow? You can borrow up to 100% of your available savings or share balance, making it a flexible option to meet your financial needs.
How much can I borrow? You can borrow up to 100% of your available savings or share balance, making it a flexible option to meet your financial needs.
Why Choose a Share Secured Credit Card?
Using a Share Secured Credit Card is another effective way to build credit while controlling your spending. The credit limit is backed by your savings, reducing risk and making approval easier even if your credit history isn’t strong yet. Responsible use and timely payments help improve your credit score over time.