To help members rebuild their credit, Family First Federal Credit Union has rolled out a new loan that will not deny an applicant based on their credit score.

The Credit Rebuilder loan amount is up to $1,000 at 18% interest up to 12 months. Once the loan is paid off, the member can qualify for an additional $500 totaling $1,500 on all new loan requests. Applicants must be a member of the $169 million Family First FCU for at least three months, have direct deposit and be employed for a minimum of three months not including seasonal work.

"We understand that many members have fallen on hard times due to unforeseen circumstances," said Ben Wiseman, assistant vice president of consumer loans at the Orem, Utah-based CU. "In talking to many of our members, we felt it was critical to offer a less expensive solution than payday loans, and in doing so, assist our members in rebuilding their credit."

Family First FCU said it will pull a credit report and coach the member on what makes up the score and how to improve it. As the member successfully pays back the loan, they can increase the loan amount and continue to work at building a good credit history.