AB&W is committed to helping members improve their financial situation. That is why we have created a new loan product called the Credit Re-builder loan. This loan allows members to establish/improve their credit history which will eventually help them improve their credit score. So,the next time you need a small loan to help with those unexpected bills turn to your Credit Union and apply for our Credit Re-builder loan. We're always here to help.
Requirements:
- Must be a current member for at least six months and in good standing.
- *Direct deposit/payroll deduction must be setup prior to applying for the loan and any increases that need to be made must be done prior to applying for the loan.
- Must have a steady income
- Can not have a personal loan with us currently
Terms/Rates/Fees:
- $500.00 limit
- *3 month term
- 18% rate
- May not apply for loan more than two (2) times per year
- $20.00 processing fee
- No credit report/check is required
* Denotes change from previous policy
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