Skip Navigation Download Acrobat Reader 5.0 or higher to view PDF files.

Credit Builder

Build or repair your credit and save for the future at the same time. Credit builder is designed for anyone who wants to establish good credit.

It's easy to get set up!
Just email us or visit one of our locations to speak with a banker who will help you on your way.

Results are not guaranteed. Improvement in credit score is dependent on multiple factors specific to your financial behavior.  For example, late payments on other financial obligations may negatively influence your credit score, even if your payments on a Credit Builder Loan are current.

The bank makes a loan to the individual in an amount ranging from $500-$2,000, in a repayment term that fits your budget. 

Loan proceeds are deposited in a savings account under the borrower’s name and available to the borrower upon full repayment of the loan. This means you are building credit and saving for the future at the same time! 

Payments to the loan are made monthly and are set up to fit your budget. 

Credit Builder is designed for anyone who wants or needs to establish good credit. You must be at least 18 years old to apply. 

Establish or build good credit and keep the savings account Collegiate Peaks Bank opens on your behalf.  We will also reduce your loan interest rate if you participate in and complete our Financial Foundation for Adults Program available through our website 

Statistics show that people who receive rigorous financial education see higher credit scores and less chance of credit delinquency. 

There will be an option to take one withdrawal from the savings account per year when the savings account exceeds the loan balance. The withdrawal can be up to the difference of the savings account and loan balance. 

Want to do even more to become financially savvy? Financial Foundations is a free online education series provided by Collegiate Peaks Bank that covers key concepts that can help manage your financial future. Follow these steps below to access the playlist: 

  1. Visit on the Financial Foundations page under Education at the top of the page
  2. Select Credit Builder and click Enroll Now 
  3. Select the Credit Builder Playlist
  4. Complete the course!