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Products: SFCU provides the installment credit builder program to help you improve both parts of your credit score.

Installment Credit Builder

This credit builder focuses on improving your credit score through timely payments on a loan, all covered by the SFCU. The way it works is as follows:

  • You apply for the Installment Credit Builder on our website or in our office
    • Choose either a 12 or 24-month program
    • Pay a $25 fee for 12-month program or $45 for 24-month program
  • The SFCU loans you $1000 in a frozen account that you cannot access
  • The SFCU makes monthly payments on your behalf and sends a report of these timely payments to the credit bureaus
  • Your credit score improves substantially

Notice for International Students: If you would like to build your credit but do not possess an SSN, please contact us for more information.

To Apply: Use our online Credit Builder Program Application or stop by our office to fill out an application today!

Feel free to contact us at 215-222-2604 or credit@upennsfcu.org. Alternatively, you can stop by our main branch during business hours to speak to our management team about the SFCU's Credit Builder Program. We would be happy to answer any questions and discuss our personal experiences as members of the program with you. Thank you for banking with the Student Federal Credit Union!