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Credit Builder Program

Let Us Help You Build (Or Rebuild) Your Credit

Get a secured loan option that helps you build a positive credit history, while earning interest in your Hero Savings account.

Apply Through Online Banking
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Why Choose MCU’s Credit Builder Program?

Looking to improve your credit score or establish a credit history? Look no further than MCU's Credit Builder Program!

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Build Credit and Save Money

Earn interest in your Hero Savings account while building a positive credit history with our Credit Builder Program.

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A Simple Process

Apply online or at a branch. MCU provides the funds which are deposited into your Hero Savings account and remain on hold during the life of the loan.

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Rewards for Success

Once your loan is paid in full, the funds are released to you, providing an added incentive to successfully complete the program.

Building Credit Can Be Hard. But Help is Here.

Our secured loan option provides the funds you need to start building a positive credit history, without the risk of further damaging your credit score. With low monthly payments, no prepayment penalties, and funds held in a Hero Savings account, you can feel confident in your ability to successfully repay the loan and improve your credit score.

Apply Through Online Banking

Building Credit After Financial Hardship?

Start rebuilding your credit after financial hardship with our secured loan option, ranging from $250 to $1,000. No credit check needed, with low interest rates and on-time payments reported to all three credit bureaus. Apply today and take the first step to a brighter financial future!

Apply Through Online Banking

Additional Benefits of MCU’s Credit Builder Program

In addition to helping you establish or improve your credit score, MCU's Credit Builder Program offers a range of benefits to make your financial journey easier. 

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Accessible Terms and Rates

With a low, fixed interest rate, low monthly payments, and a term of only up to 12 months* you'll be building your credit in no time.

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Friction-Free Credit Building

Get started building credit, no credit check required!

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Flexible Payment Options

Other accounts may restrict you from paying off your loan early, with the MCU Credit Builder Program there are not prepayment penalties. 

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All Three Bureaus are Covered

On time payments, which include principal and interest, build a positive payment history and are reported to the three credit bureaus.

Looking for More Loan Options?

Not seeing what you're looking for? Check out our other lending options.

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Shared Secured Loans

If you have money on deposit in your MCU Share Account, a Share Secured Loan allows you to borrow against those funds at a low rate over a term of up to 84 months. Visit your local MCU branch to apply today.

Find A Branch

Personal Loans

An MCU Personal Loan is a hassle-free way of consolidating debt or lessening the impact of a larger expense. If a personal loan is right for you, apply online now—it’s easy and the application only takes a few minutes. 

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Show Me Products For My Life Right Now
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Banking That’s Always by Your Side

Manage your loan the easy way with the NYMCU Mobile and Online banking apps. Our easy-to-navigate platform gives you the tools you need to make banking smarter, not harder.

NYMCU Digital Banking

Lending Products Built for the Heroes of NYC

Whether you’re ready to purchase your dream home or have a job-related expense—we’re here to help. MCU offers the lending services you need to achieve your goals.

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Residential Lending

Do you have your eye on the home of your dreams? We believe every hero deserves a place to call their own—and we can’t wait to help you. Learn more about the different mortgage options we offer our valued members.

See Home Loans

Auto Loans & Services

Get access to reliable products that help you buy, refinance, or insure your car. Explore our affordable loan and service options so you can focus on what really matters: grocery runs, daycare pickups, or a new commute.

See Auto Loans & Services

Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

When Should You Take Social Security?

When Should You Take Social Security?

Filing for Social Security benefits as soon as you can  — or shortly thereafter —  a few years early may seem like a good idea at first. The money is ...
How To “Trick” Yourself Into Saving More

How To “Trick” Yourself Into Saving More

With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and to make some moves to save more. ...
How Much Should You Save For Retirement?

How Much Should You Save For Retirement?

In a perfect world, you would start saving for retirement with your very first paycheck and keep at it until the day you left your job some 40 years later. But not everyone works ...

Ready to Join the MCU Community?

Gain access to the products and services that help our members create a foundation for an excellent financial future—such as competitive rates, reliable banking, and educational resources to stay in control of your finances.

Join MCU Today
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*APR = Annual Percentage Rate. Payment example: the payment on a $1,000 loan at 6.75% APR for 12 months would be $86.43. 
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