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Credit Building

Tyndall is here to help you establish or rebuild your credit history

Building credit is a crucial aspect of personal finance as it plays a significant role in shaping your financial future.

Credit refers to your reputation as a borrower and your ability to manage borrowed money responsibly. Lenders use credit scores and credit history to assess your creditworthiness when you apply for loans, credit cards, or other forms of credit. A solid credit history and a good credit score makes it easier for you to qualify for loans, credit cards, and other forms of credit.

  • Build or Improve Credit
  • Reach Financial Goals
  • Build your financial future
  • Helpful service every step of the way

Credit Builder Loan

What is a Credit Builder Loan? This is a starter loan product with a fixed loan amount and term for members who want to build or rebuild their credit. Loan payments build up in your savings account and are on hold until maturity. When the loan is paid off, your credit is improved and you will have a jumpstart on your savings. The Credit Builder loan is $2,000 for 24 months at a fixed low rate.

Secured Credit Card

A secured credit card works by allowing Tyndall to freeze the amount of your credit card limit from your own funds in your savings account. Freeze $500 of your savings money and open a secured credit card with a $500 credit limit. After a period of time, no less than 12 months, Tyndall will review your account activity and determine if the account can be converted to unsecured, which is a normal line of credit.

Account Secured Loan

An account secured loan is in which funds are held in your savings before the approved. After making regular payments on time, you will establish a positive credit history and improve your credit score. This is a great option for those who have limited or no credit history, or are recovering from poor credit.


Credit Builder Loan FAQs

Is there a minimum credit score requirement?

This product was developed for those needing to build or rebuild credit. 

How is this reported to credit?

Credit Builder reports as a secured installment loan. 

Are funds needed for this loan?

Yes, a $20 initial deposit will be held in your savings to cover the first payment. This will be released after 90 days. 

What if I pay the loan off early?

All principal funds will be released. However, the goal of this loan is to help you build credit over time.

"It can take several months to establish your credit score from scratch, and several years after that to continue to build and maintain a solid credit history." - Experian 

How does hold work in my savings?

As monthly payments are made, the savings balance will increase (available balance will remain the same). This hold does not affect additional funds that are on deposit in the savings account.

Financial Wellness Blogs

Have a Question About How to Build Credit?

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*APR=Annual Percentage Rate. The standard rate on Tyndall credit cards is currently {{RATE}} -{{RATE}}  APR, based on creditworthiness, which will vary with the market based on the Prime Rate. This rate is accurate as of 8/19/23. The Index used to determine your variable APR is the Prime Rate published in the Money Rates column of the Wall Street Journal on the last business day the rate is published in each calendar month. If the Prime Rate changes, the new rate will take effect on the first day of the next billing cycle. As of 7/27/23, the Prime Rate is {{RATE}} . New credit card loan subject to completed application and approval. Foreign transaction fees: international transactions that involve currency conversion - 1%, international transactions that do not involve currency conversions - .8%. Ask for your specific rate. Your due date is at least 21 days after we mail your billing statement. We will begin charging interest on balance transfers on the date the balance transfer is posted to your account. Late payment fee is 10% of payment due with a minimum of $2.00. All rates and offers are subject to change without notice. Membership required; NO membership fee applies.

Subject to completed application and approval. Membership required; NO membership fee applies.

View Credit Card Disclosures.
View the Credit Card Agreement & Truth in Lending Disclosure

*APR = Annual Percentage Rate. The Credit Builder Loan is for members looking to establish or rebuild credit. Must have a job and income to qualify. Subject to completed application and approval. No minimum credit score required. Loan has a loan amount of $2,000, fixed term of 24 months and fixed rate of 4.00% APR. The monthly payment amount on a Credit Builder Loan originated at 4.00% APR financed for 24 months would be $87.00. A $20 initial deposit is required. Upon loan maturity, all principal funds held as collateral will be released. Results are not guaranteed. Improvement in your credit score is dependent on your specific situation and financial behavior. Failure to make monthly minimum payments by the payment due date each month may result in delinquent payment reporting to credit bureaus which may negatively impact your credit score. This product will not remove negative credit history from your credit report. Other restrictions apply. Offer subject to change without notice. Membership required; NO membership fee applies.