Credit Builder Loans
Build Your Credit and Your Future
We believe everyone deserves a chance at financial wellness. Credit builder loans at Union Pacific Streamliner Federal Credit Union are thoughtfully designed to help Union Pacific employees and their families establish or rebuild their credit scores, paving the way toward financial confidence and stability.
What is a Credit Builder Loan?
A credit builder loan is a unique financial tool intended for those with limited or no credit history, or for those working to recover their credit after financial setbacks. Unlike traditional loans where you receive funds upfront, a credit builder loan deposits the loan amount into a secured savings account at Union Pacific Streamliner FCU, which is held as collateral.
By making consistent, affordable monthly payments, you establish a reliable repayment history. Union Pacific Streamliner FCU reports these payments to major credit bureaus, raising your credit score and improving your financial future.
Benefits of Union Pacific Streamliner FCU Credit Builder Loans
Establish or Rebuild Credit:
Regular payments build a positive credit history, improving your credit score.
Affordable Payments:
Manageable monthly installments tailored to your financial situation.
Build Savings:
Your payments accumulate into savings, providing you with funds at the end of your loan term.
Financial Confidence:
Gain peace of mind knowing you're proactively managing and improving your financial health.
Credit Builder Rates
Term Length (Funds on Hold) | Rates As Low As* | Minimum Balance |
|---|---|---|
6-12 Months | 5.99% | $500 |
Additional Services
Download the Union Pacific Streamliner FCU Mobile App
Banking on the go? Our mobile app for digital banking makes managing your accounts convenient, secure and effortless. Transfer funds, deposit a check, pay your bills and much more.
