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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.
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!
Build Credit and Save Money
Earn interest in your Hero Savings account while building a positive credit history with our Credit Builder Program.
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.
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.
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!
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.
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.
Friction-Free Credit Building
Get started building credit, no credit check required!
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.
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.
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.
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.
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.
Download the Mobile Banking App
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.
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.
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.
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.
All about Private Mortgage Insurance (PMI)
What to Consider Financially As A First-Time Homebuyer
Mortgages 101: Getting Started on The Path to Homeownership
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.
