Establishing credit is one of the most important things you’ll ever do. Start building yours with us today.
Secured Loan
What You Need:
- Be a Latino CU member
- Amount of the credit limit deposited into a frozen account as collateral (minimum of $500)
What You Get:
- A fixed rate
- Minimum term of 6 months; maximum of 48 months
- Loan equal to the amount you have deposited in a savings account to guarantee the loan
- We report your monthly payment history to Equifax, helping you build up your credit history
- After one year, you may apply for unsecured credit*
- Access your account online and do much more with our electronic services. Click here for details
Secured Credit Card
What You Need:
- Be a Latino CU member
- Amount of the credit limit deposited into a Visa Shares account as collateral (minimum of $300)
- Authorization to run a credit report
What You Get:
- No annual fee
- Competitive interest rate
- No fees for cash advances
- Grace Period: No interest due on purchases if balance paid in full on the due date and purchases are made during the billing cycle
- Credit limit equal to the amount you have deposited in a savings account as collateral*
- We report your monthly payment history to Equifax, helping you build up your credit history
- After one year, you may apply for unsecured credit**
- Access your account online and do much more with our electronic services. Click here for details
We pay you back!
Through higher deposit rates and lower fees. Why wait? Experience the savings that only LCCU can provide.
