Skip nav to main content.
Credit Builder Loan

Build credit, create opportunities

Our Credit Builder loan can help you establish good credit and set yourself up for the future.1


Low rates

Build your credit with great low rates.


Borrow more

Build credit with loan amounts up to $2,000.


No prepayment penalties

Pay off your loan at any time without prepayment penalties.


Flexible terms

Shorter term limit options give you flexibility.


Friendly service

Visit us at a branch, by phone, or online, for friendly member-focused service.


Expert support

Our experts know their stuff! When you have questions or need guidance, count on us.

Today's rates

View more rates
As low as % APR2

Calculate your monthly payment3

Monthly Payment

Low Rates

Don't pay more to build credit

Building credit shouldn't put you deeper into debt. A competitive-rate Credit Builder loan helps keep your payments affordable.

Smiling friends hugging in a group
Convenient Terms

A term to fit your goals

Want to repay your loan faster? We offer convenient short term lengths to help build credit quickly.

Group of active friends out for a run

Members tell us they feel like they're treated like family and appreciate their interactions with employees.

— 2022 Avtex Findings Report

How it works

It's easy to get a Credit Builder loan.

  • 1

    Submit an application

    Fill out an application online or visit us at a branch.

  • 2

    Get approved

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Get your money

    Make your payments and receive a lump sum at the end of the loan.

Schedule an appointment

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


Video Banking


Give us a call


Call 218-625-8800

Build credit, not debt


With low rates and convenient terms, a Credit Builder loan helps establish or improve your credit so you can qualify for opportunities down the road.


Schedule an appointment


1 Members Cooperative Credit Union does not guarantee the results or impact of a Credit Builder loan on a borrower’s credit report or score. Failure to make timely loan payments may result in negative reporting to the credit reporting agencies and a negative impact to your credit history or score. Credit Builder loans do not impact past credit history. Credit Builder loans must be secured by a Members certificate. Restrictions apply.
2 APR is the Annual Percentage Rate. The stated APR is effective as of July 12, 2024. Rates, terms and conditions may change at any time.
3 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. There is no guaranteed rate or earnings on a checking account. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Membership and loan approval required.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.

Video Banking