Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Credit Building Loans

These loans are ideal for members who are looking to build or rebuild credit.


With Credit Builder loans, your interest rate is tied to the dividends on your Share Accounts. The interest rate is not dependent on your score because it is secured by the cash in your accounts.

Flexible options for different circumstances

Depending on your circumstance, a Member Service Representative can guide you to the best option for you:

Share Secured Loan

If you have money in a Share Account, you can place some or all of that money on hold and use that security for your loan. You can use any Savings Account or Term Share Certificate for your collateral. Funds are dispersed immediately.

Credit Builder Loan

This is a great way to establish a savings routine, build your savings, and improve your credit at the same time. The Credit Builder loan is ideal if you have no established credit or need to improve your credit score for future borrowing needs and have no collateral.

Credit Builder Loan Rates

Annual Percentage Rate
Max Term
Share Secured
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120 Months
Available balance in account.
Credit Builder Loan
View here
48 Months

Tell me more Credit Building Loan Details...

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For questions or assistance, contact a friendly UMassFive representative today!