Financial Institution: Family Savings Credit Union

The Credit Builder Loan Program is designed to help members establish or improve their credit history through a structured, secured lending approach.

In this program, a $1,000 loan is funded and held in a savings account for 12 months while the member makes consistent, on-time monthly payments. Once all payments are successfully completed, the member receives access to the $1,000 along with a positive 12-month payment history that supports stronger credit reporting.

This approach allows members to build credit without needing to use their own savings upfront, while developing healthy repayment habits and financial confidence.

In addition, members are offered credit education support, including guidance on how installment and revolving credit work, how credit capacity is determined, and behaviors that can positively or negatively impact credit scores.