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Credit Builder Loans

Members of Patterson Federal Credit Union who wish to establish or re-establish credit history may take advantage of our Credit Builder Loans.

With a Credit Builder Loan, the amount the member borrows is deposited into their PFCU share account. The member makes regular payments on the loan, establishing a positive payment history we report to the credit bureau. As a result, the member’s credit score improves. A higher credit score translates into possible better rates on future loans.

Credit Builder Loan Features:

  • Loan amount of $500-$5,000.
  • Term of 12-48 months
  • Loan funds are deposited into PFCU Savings account where it will earn dividends at the published dividend rate for this account.
  • Relationship discounts will apply.
  • Credit report will be obtained to aid in education and counseling.
  • Once loan has been repaid, the loan proceeds will be available for withdrawal by the member.

Apply for a Credit Builder Loan

Relationship Discounts

We value our relationships with our members, and always want to be your first choice for any financial need. That’s why Patterson offers Relationship Discounts on loans. By taking advantage of one or more of the services we offer, a member can qualify for our Relationship Discounts on loans. Talk to us today to learn more.