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ABCO Federal Credit Union is firmly committed to the principles of people helping people. In keeping with this philosophy, for members who have limited credit or have some credit issues, we are providing an opportunity for a second chance through our Credit Builder Loan. A Credit Builder Loan can help you rebuild your credit when you pay the loan back in a timely fashion. This loan is available for up to $1,000 for first-time applicants and up to $2,000 for those who have successfully paid off a Credit Builder Loan in the past without missing a payment. No credit check is required, but there are requirements** that will need to be met. Please note: These loans are available to first-time ABCO FCU borrowers only and there is a $35 processing fee.

The Credit Builder Loan rate is 17.25% APR* and the term is 12 months.


Contact the Lending Center at
1-800-225-1859 ext. 7613.

Stop by one of our branches and ask to speak with a Loan Officer. Please bring along the following documents for faster processing:

  • Current Paystub
  • Last Year's W2
  • Two References

 *Annual Percentage Rate.


  1. Income requirements apply.
  2. Must direct deposit into an ABCO account an amount greater than or equal to the amount you will owe each month on your loan.
  3. Must deposit $20 per month into a savings account.
  4. Must forfeit use of Privilege Pay service.
  5. Must provide (2) references.



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