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.
• Credit Builder Loan may not be refinanced.