Credit Builder Loan

Our share secured Credit Builder loan enables members to establish credit or repair damaged credit ratings. The money borrowed is secured in a share savings account for the term of the loan. Dividends are paid on the money while you establish or re-establish your credit history. Once successfully paid in full, the fund can be withdrawn from the share account as desired.

How it works:
 

Loan amount: $1000.00  deposited and held in separate share account
  3.85  Documentary Stamps Tax to State of Florida
  $1003.85  Total loan amount
     
Interest rate: 4.50%  Annual Percentage Rate
     
Term: 12 months
     
Monthly payment:  $85.71  

Payment history is reported monthly to the credit reporting agencies.

Once the loan is paid in full, the hold will be release and the member may withdraw the $1,000.00 plus any earned dividends.

Apply today

    

 

-->

Main Office
3487 Clark Road
Sarasota, Florida 34231
941.925.2890 Phone
Hours Of Operation
Mon, Tue, Thur. 9am - 5pm
Wednesday 9am - 2pm
Friday 9am - 6pm
941.922.2973 Fax
Branch Office
852 Tallevast Road
Sarasota, Florida 34243
941.925.2890 Phone

For lost or stolen Visa Credit cards please call 1-800-338-0566

For lost or stolen MasterCard Debit Cards please call 1-800-472-3272
 

This credit union is federally insured by the National Credit Union Administration

Your savings federally insured to at least $250,000 and backed by the full faith and
credit of the United States Government. National Credit Union Administration,
a U.S. Government Agency.


 

Board of Directors Access

Copyright © 2007, West Coast Federal Employees Credit Union. All Rights Reserved.
Unauthorized Access is Prohibited. All Accesses are Monitored.`

Site Design and Hosting by Ewart Technologies, Inc.

To assist members in accessing information not maintained on this site, the credit union provides links to other Internet addresses. Be advised that: 1) by clicking on any link to other Internet addresses, you are leaving the credit unionís web site; 2) you are linking to an alternate web site not operated by the credit union; 3) the credit union is not responsible for the content of the alternate web site; 4) the credit union does not represent either the third party or the member if the two enter into a transaction; and 5) privacy and security policies may differ from those practiced by the credit union.