Building Credit

If you have no credit or imperfect credit, it can be difficult to improve your score. Prime Financial CU's secured lending options may be able to help.

How does Secured Lending work?

A secured loan is a loan backed by collateral; for Share Secured Personal Loans and Share Secured Credit Cards, that collateral is a deposit.

Secured Personal Loan

With a secured personal loan, you receive a loan for an amount similar to the amount you deposited as collateral. When you make adequate on-time payments, the activity we report to the credit bureaus may help raise your credit score. Your deposit is returned to you at the end of your loan term if your accounts with the Prime Financial CU are in good standing.

View Secured Personal Loans

Secured Credit Card

With a secured credit card, you receive a credit card with a credit limit similar to the amount you deposited as collateral. When you make adequate on-time payments, the activity Prime Financial CU reports to the credit bureaus may help raise your credit score. Your deposit is returned to you if you close your secured credit card and your accounts with us are in good standing.

View Credit Cards

Not sure which option is right for you? Call us at 414.486.4500. We'll listen to your needs and help you choose a lending option that fits you best.