Credit Builder Loan

Overview

The Credit Builder loan allows you to borrow up to $3,000 at an interest rate of 18.00% APR* with up to a 24-month repayment!

  • Member must be in good standing
  • Direct Deposit or allotment for repayment is required
  • Most recent paystub must show 40 hours of work per week OR 80 hours bi-weekly
    • If you are paid monthly, proof of financial source is required.
  • A Credit Builder Collateral Share will be opened in efforts to help you save while you build your credit. An additional deposit will be required with each payment.

* APR = Annual Percentage Rate

Loan Officers' Services

Our loan officers can council you on:

For additional information, contact a Lendingrepresentative today by phone at (202) 832-5100, option 2 or by email to lending@tefcu.org and/or download our brochure!

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