Altura CU Helps Members Rebuild Credit Scores
Altura Credit Union has launched a new tool designed to help members rebuild credit scores they saw drop dramatically during the Great Recession.
The $689 million credit union in Riverside, Calif., has created the Credit Builder Loan. Members, including those with low scores, can borrow up to $3,000 at a competitive rate, according to Altura. The borrowed funds are then placed into a share certificate at the credit union.