Build Your Credit

Are you a young person trying to establish credit, or maybe an adult whose experienced a few blemishes on your credit report? Northeast Arkansas Federal Credit Union has the answer. Open a Share Secured Loan tied to a share account and build or rebuild your credit. Make a deposit into a regular share account (or begin saving small amounts that will add up quickly) Apply for a share-secured loan. Borrow your own money and make timely repayments through auto pay Setting up a share-secured loan can assist you on your road to credit building, demonstrate to the credit bureaus your commitment to repay your loan, and also allow you to have money in your share account available after payoff. Other important tips: Pay your bills on time Shop for the best rate on loans Try to make additional payments or increase the amount you pay on loans to reduce length of repayment – NEAFCU does not penalize members for early payoff. Check your credit reports every 6 months or at least once a year. Every American is entitled to one free credit report from the three major credit-reporting agencies. Get more information at annualcreditreport.com Another credit union resource is HOME AND FAMILY FINANCE, a weekly radio program on personal finance. This can be downloaded as a FREE podcast by clicking on the link below:

Loan Rates Share and CD Secured Regular Shared Secured CD Secured 3% above current share savings rate, 90% LTV 2% above current pledged certificate rate, 90% LTV Signature Loans > 12 Months As low as 8.95% APR* 24 Months As low as 8.95% APR 36 Months As low as 9.5% APR 48 Months As low as 10.25% APR 60  Months As low as 10.5% APR Annual Percentage Rate. Rates are for qualified borrowers dependent upon credit score. Other restrictions may apply.  See a loan officer for details.