DGEFCU is now DC Credit Union.  We have a new name, a new look, and a brand new website.  Learn all about the exciting transition.

Credit Builder Loans

Have bad credit? No credit at all? We can help you.
Credit union employee helping a customer standing at her desk

Helping you build your credit, whether it’s your first time or your second chance.

Your credit history and score impact your financial future, whether it involves paying for college, buying a car, or signing a lease on your first apartment. Because it’s so important, we offer you two ways to build healthy credit:
  • If you don’t have any credit, our Credit Builder loans help you get started and slowly build your credit score.
  • Our Second Chance Credit Rebuilder loans give you a chance to repair your low credit score.


We believe in first and second chances.

Credit Builder

There are many reasons why you may not have credit. You could be young and just starting out. An immigrant who is new to our financial system. Or perhaps you’ve operated on cash and haven’t participated in the credit system to date. Whatever the reason, we have a way to help you slowly and securely build your credit score over time.

The Credit Builder process works like this:

  • We issue you a Share secured personal loan or Share secured Visa with a small credit limit.
  • Get coaching from us on how to use credit wisely
  • Make your loan payments on time
  • We slowly step up your loan or credit card limit, growing your borrowing capacity along with your credit score.

Second Chance Credit Rebuilder

For DC Credit Union members with low credit scores, we offer a loan to help you raise your credit score over time.

We won’t deny you because of your low credit score, but you must be a member in good standing with a checking account and a funding source. We also require that you’ve previously borrowed from DC Credit Union and paid on time.

The Second Chance Credit Rebuilder process works like this:

  • We issue you an unsecured loan or credit card with a limit up to $2,500.
  • Get coaching from us on how to use credit wisely
  • Make your loan payments on time
  • We slowly step up your loan or credit card limit, growing your borrowing capacity along with your credit score.
  • Once your score has gone above 550, you are a candidate for traditional loans and financing.

Struggling to manage your debt?

Check out our “Manage Your Debt and Finances” guide for helpful tips about how to manage, consolidate and pay off debt, create a budget, and more.

Visit the guide
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Would you like more information about our Credit Builder Loans?

Stop by one our branches

Find your closest branch »

Call us

877-784-5551

Third Party Disclaimer

You are now leaving the DC Credit Union website. The Credit Union does not operate this alternate site to which you are linking and is not responsible for the content of the website nor any transactions performed on this website. Privacy and security policies may differ from those practiced by the Credit Union.

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