New to Credit? Don’t Know Where to Start? SCFCU is Here to Help You Build a Strong Financial Future
Building credit for the first time can feel overwhelming, and building a path to better credit is a journey you might not know where to begin.
Whether you have little credit and aren’t sure how to build it, or you have no credit and don’t know where to start, St. Cloud Financial Credit Union is here to help you take the essential step toward a strong financial foundation so you can reach your goals.
SCFCU wants to help set you up for long-term financial success, and our services are here to guide you in this journey to building credit responsibly.
Why Your Credit Matters
Your credit history plays a significant role in your financial journey and it impacts many aspects of your life. A good credit score can help you get approved for loans, secure lower interest rates, qualify for a mortgage, and can even make renting an apartment easier. However, with little or no credit history, lenders may be hesitant to approve loans or credit cards.
By managing your credit wisely — including paying bills on time, keeping balances low and avoiding excessive debt — you can build a strong financial foundation and open doors for future opportunities.
Let’s take a look at just a few of the services SCFCU provides our members with to help along this journey and assist in taking that first step in a safe and structured way.
Meaningful Start Loan
SCFCU’s Meaningful Start Loan Program* is designed specifically for members who are new to credit or are struggling to find ways to build credit.
If you are struggling to find ways to build credit, this program is here to assist members with little or no credit to begin establishing a strong credit history by securing a loan to purchase a vehicle.
With the Meaningful Start Loan, you’re not just borrowing — you’re building a future. As you make consistent payments, you’ll see your credit profile grow, opening doors to better financial opportunities. Plus, you’ll gain valuable experience managing credit responsibly, which will serve you well when applying for future loans, credit cards, a mortgage and more.
Credit Score Solution
If you’re looking for another avenue to enhance your credit score, SCFCU provides members with a free Credit Score Solution. Available in our online banking, this Credit Score Solution is designed to help you take charge of your financial well-being and expand your financial knowledge.
By enrolling in this solution, you’ll unlock a host of benefits tailored to expand your knowledge and empower your future. Benefits include:
Credit Score Education: Access educational resources to deepen your understanding of credit scores and financial management.
Credit Goals and Action Plan: Set achievable goals and create an action plan to improve your credit health.
Financial Checking Budgeting and Savings Tool: Use integrated budgeting and savings tools to manage your finances effectively.
Credit Score Simulator: Visualize the impact of financial decisions on your credit score before making them.
To enroll in this Credit Score solution and start seeking the benefits for you and the future of your credit score, members can find it with ease in your online banking.
We’re Here For You
At SCFCU, we’re not just another financial institution. We are your local, trusted credit union that is here for you through every step of your financial journey. SCFCU strives to make a meaningful difference in the lives of all. One way of doing that is by empowering our members with the tools needed to succeed financially.
If you’re new to credit or looking to build upon what you currently have, SCFCU has the tools and experts available to help. To learn more, visit our website, give us a call at 320-252-2634 or stop in to visit us at one of our five branch locations.
Your financial journey starts here, and SCFCU is honored to be part of it!
*Requirements do apply. To learn more, call us at 320-252-2634 or visit one of our branch locations. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral. Subject to credit approval. Fees and some restrictions may apply. Qualification of membership required. Insured by NCUA.