A young adult’s credit profile begins or can be repaired with Community West Credit Union’s Credit Builder Loan.

We understand, that in today’s world, things don’t always go as planned and your credit score may be less than perfect. CWCU has the perfect loan designed with you in mind! Our Credit Builder Loan is a great way to reestablish credit and it’s really easy to apply.

What is a Credit Builder Loan?

CWCU grants members a $500.00 loan that is deposited into a CD for one year. After one year of making successful payments, the member is entitled to the $500.00 plus all the interest earned. The repayment of the loan helps members build their credit.

Things to Consider:

  • Quicker payoff doesn’t equal a faster bump to credit scores
  • Late payments will ding your credit even more
  • Can have higher interest rates due to risk

Some Benefits:

  • Short term loans can boost credit significantly
  • Terms prove members are careful with credit
DESCRIPTION APR (as low as)
Credit Builder CD Rate + 8.00%

* 12 Month Repayment term
APR = Annual Percentage Rate. APY = Annual Percentage Yield. Rates Subject to Change