This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
Members First CU of Florida Go to main content

IMPORTANT NOTICE: Please be aware of phishing calls or text messages that look like they are coming from Members First, our Fraud Detection center, or other government agencies such as the IRS. Use caution on personal information you provide to any third party. You will never be asked to give your PIN, CVV code, Social Security Number, or online banking login information on an Automated Call or Fraud Alert from us. If you get an automated call requesting this information or believe you have been victim of a scam, please hang up and report the incident to us. 

Become A Member Apply for a Loan Branches ATMs
Home > Personal > Loan Center > Personal Loans > Fresh Start Options

Fresh Start Options

FRESHEN UP YOUR FINANCES. BUILD OR RE-BUILD YOUR CREDIT WITH OUR FRESH START OPTIONS.

Members First Credit Union of Florida is always ready to lend a hand to our members. We'll help you take control of your credit. Whether you're just starting off and have little to no credit or hit a few bumps down the road and have damaged credit that you need to rebuild, we'll help you take control of your credit and give you the fresh start you need with a Credit Builder Loan or Secured Credit Card

 

Credit Builder Loan

We'll help you get a fresh start.

Get Started

  1. Speak with a credit union representative.
    Stop by one of our branch locations or call us at (850) 434-2211 to speak with a credit union representative. Tell us your goals, and we will help you start reaching them.
  2. Get the loan
    With a credit builder loan you are guaranteed approval. The loan ranges from $500 to $2,000 and is secured in your savings account. No money down. No crazy fees. Just the straight up opportunity to move forward. 
  3. Stay on track
    All you have to do is make monthly, on-time payments. Credit Builder reports your success to the credit bureaus. 
  4. Focus forward and grow your credit
    As you make your payments the principal amount of your payment is released to you. Once the loan is completed, speak with us regarding your future financial goals. 

 

Secured Credit Cards

If you have damaged or little to no credit, a Secured Credit Card could be the right option for you. Our cards come with a fixed rate, meaning you never have to worry about surprise rate hikes. Below we've answered a few frequently asked questions about Secured Credit Cards to help you decide if a Secured Credit Card is right for you.

To get started, speak with a credit union representative at one of our branch locations or give us a call at (850) 434-2211.

Secured Credit Cards require a cash security deposit, while regular/unsecured cards do not. The cash deposit you make to open your Secured Credit Card is equal to your credit limit.

A Secured Credit Card is backed by a cash deposit you make when you open the account. The amount of your deposit is put on hold in your savings account and the deposit is equal to your credit limit. This means, if you deposit $500, you'll have a $500 limit on your Secured Credit Card. Once you're approved, you can begin using your Secured Credit Card to make purchases and help build your credit.

No. A Secured Credit Card is different from a prepaid debit card that you "load" with money. With prepaid debit, you put money on the card and spend that money when you make purchases. A Secured Credit Card works just like a regular credit card. You make purchases with your Secured Credit Card, and then you pay them off later. The deposit acts as collateral and comes into play only if you don't make your payments. In that case, your deposit is used to pay your debt.

Yes. When you close your Secured Credit Card account in good standing (meaning you've paid off your balance) or when you upgrade to an unsecured card from Members First, the hold on your security deposit will be released and you'll be able to access the funds.

A Secured Credit Card is a great way to build your credit. Make small purchases with it regularly and pay those purchases off in full every month to avoid paying interest. Strive to keep your balance below 30% of your limit. If you use this tool responsibly, you can build a solid payment history, improve your credit, and get a regular credit card with better benefits.

 

Contact Us

If you have any questions, please call our Member Information Call Center at (850) 434-2211 or toll-free at (877) 434-6328. Our Call Center hours are Monday - Friday from 8:30 a.m. - 4:30 p.m. You can also stop by one of our branch locations during normal business hours.
 

 


 

RESOURCES

We've got the tools you need to help you make the best decision for you.

 

 


 

SPEAK WITH A LENDER

KSmith

Kenneth Smith
Loan Department Supervisor
Senior Loan Officer
NMLS# 1494238
(850) 434-2211 Ext. 182
Email Kenneth

NNeal

Natalie Neal
Loan Officer
NMLS# 1534073
(850) 434-2211 Ext. 170
Email Natalie

NDiamond

Nikki Diamond
Loan Officer
NMLS# 2231167
(850) 434-2211 Ext. 232
Email Nikki

 

The annual percentage rate you pay will be based on the number of months your loan is financed, the loan type and your credit history. The APR will be disclosed prior to an advance being made on a loan. Loan terms may vary based on value and type of collateral. APR = Annual Percentage Rate. Equal Housing Lender. All rates are subject to change without notice. For complete terms and conditions, email us or contact a Call Center Representative at (877) 434-6328 or locally at (850) 434-2211.

 

Go to main navigation
I Want To
I Want To
Loan Center
Loan Center
Credit Cards
Credit Cards
Careers
Careers
Update Center
Update Center
Members First CU of Florida
InstagramTwitterfacebookemailWordpressYouTube
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

Members First Credit Union of FL is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 877-434-6328. We are actively working to increase accessibility and usability of our website to everyone. All products and services available on this website are available at all Members First Credit Union of FL branches.

 

Any external links or websites to alternative sites are not operated by Members First Credit Union of FL. We are not responsible for the content of the alternate site or their accessibility standards.

BACK TO TOP