Fresh Start share-secured loan


Sometimes you need a fresh start!

Use this share-secured loan to help rebuild your credit.  

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Features & Benefits

  • This loan is designed for those who would not qualify for a traditional loan product.
  • Unlike other share-secured loans, if approved, SEFCU will deposit the full loan amount into your savings account. 
  • Apply for loan amounts ranging from $500 - $3,000
  • The deposited funds will become available to you as you pay back the loan. As you consistently repay on time, your credit score may begin to improve.
  • This is also a great option for first-time borrowers to begin building a positive credit history. 
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Current Rates

Index Percent Above Index Current APR
Current Primary Share dividend rate 0.70% 0.85%

Apply Now

Apply for a SEFCU Fresh Start Loan today

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Visit a branch near you

Call 800-727-3328




Additional Resources 

SEFCU’s Institute for Financial Well-Being provides free, online, instructor-led webinars on a host of topics to help individuals of all ages on their path to financial wellness.

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Budgeting Basics: How to Grow Your Dough

Apply the 50-30-20 rule for determining fixed expenses, flexible spending, and financial goals. Explore the benefits of developing a written spending plan, how to track income and expenses, and strategies for record keeping through a scenario-based applied learning approach. 
Length: 1.5 hours

See dates and times

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Tackle Your Debt

Develop an effective debt pay-down strategy. Gain an understanding for debt levels and reflect on what is considered good debt and bad debt. A basic budgeting framework is also discussed. 
Length: 1.5 hours

See dates and times

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Understanding and Managing Credit

Financial decisions made today greatly impact your future. When using credit, you are spending your future income. This concept will be the backdrop while you explore managing credit responsibly, how to obtain credit, and the meaning of credit scores and credit reports. 
Length: 1.5 hours

See dates and times


More to think about...

Products, services, terms, and conditions are subject to change without notice. All loans are subject to creditworthiness. SEFCU membership is required.
* Annual Percentage Rate is variable and is based on the share dividend rate (index), set by the credit union, plus a margin at the time of the loan origination. After the account is open, rates are subject to change quarterly, on the first day of January, April, July and October and will be determined based on the share dividend rate in effect 45 days prior. Rate may increase after consummation.
Payment example: a share dividend rate of 0.15% plus a margin of 0.70% will equal an initial rate of 0.85%. For a $1,500 loan with a 12-month term at a rate of 0.85%, the initial payment would be $125.62 per month. Rates are subject to change without notice.