Credit Building

Building credit can open more doors for your financial future. Credit shows how you’ve managed borrowed money over time. It plays a role when you apply for a loan, rent an apartment, or make other big moves.

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Credit Builder Loan

Build Credit While You Build Savings

A Credit Builder Loan is designed to help you strengthen your credit with predictable payments—and a savings goal built in.

Here’s how it works: The Credit Builder Loan is $2,000 for 24 months at a fixed low rate.* Your monthly payments are held in a Savings account until you have paid off the loan. At the end of your term, the funds are available to you, and you gain improved credit. 

  • icon-dollarPractice consistent payments
  • icon-chart-increaseEstablish or build credit
  • Multiple-Stars--Streamline-MicroSavings along the way

Features

Fixed loan amount and term

Funds available at payoff

Helpful service every step of the way

Build Your Credit with Tyndall

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Secured Credit Card

A card for building what’s next.

A Secured Credit Card can help you build credit while using your own savings as collateral. 

Here’s how it works: The amount you set aside in your Savings account becomes your credit limit. A $500 savings hold gives you a $500 credit limit. After at least 12 months, we will review your account and determine if it can be converted to an unsecured credit card, which is a normal line of credit.

  • icon-chart-increaseBuild or improve credit
  • Check-Circle-2--Streamline-MicroReach financial goals
  • icon-lightbulbHelps you get started
Online shopping with credit card

Features

Path to an unsecured credit card over time

Credit that you spend is secured by your own funds

Earn dividends on the funds that secure the card

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Account Secured Loan

A step forward for your credit.

An Account Secured Loan is a great option if you’re new to credit, rebuilding it, or looking to establish a stronger payment history.

Here’s how it works: Funds in your Savings account are used as collateral while you make regular loan payments. After making regular payments on time, you will establish a positive credit history and improve your credit score.

  • Stairs-1--Streamline-MicroA flexible starting point
  • Credit-Card-Add--Streamline-MicroEstablish a positive credit history
  • Favorite-Like-Hand--Streamline-MicroSupport for what’s next

Features

Savings-backed borrowing

Build credit habits

Earn dividends on the funds that secure the loan

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Have a Question About How to Build Credit?

Frequently Asked Questions

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

The Credit Builder loan reports as a secured installment loan.

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

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

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.

Ready to Build Your Credit?

*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.