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While our look has changed, we’re still the same Good Neighbors Credit Union you know and trust. Explore our updated site for a smoother browsing experience.
Looking for a new car? We've lowered our auto rates to help you hit the road! Rates starting at just 5.00% APR*. Apply online, in-person, or by phone, and our team will handle the rest. *APR = Annual Percentage Rate. Advertised rate is quoted for a 36-month loan with A+ credit based on required credit approval. Restrictions may apply. Rates subject to change without notice.
Good Neighbors Credit Union > Money Management > Credit Builder Loans
A Credit Builder Loan is a different kind of loan — one designed to help you build or rebuild credit. Instead of receiving funds upfront, you make monthly payments, and once the loan is fully repaid, you get access to the loan amount. It’s a simple way to establish credit and develop strong financial habits.
A Credit Builder Loan reverses the traditional loan process, giving you the opportunity to build credit while setting aside money for savings. When you take out a Credit Builder Loan from Good Neighbors, the loan amount is placed in a savings account while you make monthly payments. Because you can’t access the funds until the loan is fully repaid, this strategy will help you build consistent payment habits that may establish a positive credit history, if managed properly.
See terms and rates below.
A Credit Builder Loan at Good Neighbors comes with unique advantages that set it apart from traditional loans. Why do our members choose a Credit Builder Loan?
A Chance to Improve Your Credit Score: On-time, in-full payments are reported to major credit bureaus, which could help you establish a positive credit history.
Build Savings: When the loan is paid off, you get the full amount back.
Lower Fees & Rates: Compared to traditional lenders, credit unions offer lower interest rates and fewer fees.
Qualification: Because these loans are designed for credit building, approval requirements are more accessible.
Apply for a Credit Builder Loan today and take a step toward a stronger financial future with Good Neighbors.
A Credit Builder Loan is a great option if you want to build credit while saving money, in a structured way. If you’re looking for a revolving credit line that can also help establish your credit history, you may also want to explore our Secured Credit Card.
You’re invited! Become a member of Good Neighbors Credit Union today. As a member community, we support each other every step of the way.