Receive a free Credit Builder and the $10 minimum savings balance needed to open your account, sponsored by GU. Both graduate and undergraduate students are eligible for this offer.
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You open a GUASFCU account and a credit builder
We disburse a secure loan of $1000 and cover the $30 interest for you
We make monthly loan payments for you until the loan is paid off
We report your payments to a credit agency
You build your credit history and credit score
The Credit Builder Loan allows you to build your credit score safely and securely with little to no effort. GUASFCU disburses a loan in your name and freezes the funds in your account. While you cannot touch or modify the funds, GUASFCU makes monthly payments on the loan on your behalf until it’s paid off and reports those payments to the credit agencies each month. Only GUASFCU can offer this kind of student-centered service!
Given that credit scores are affected by a variety of factors, we cannot guarantee what your credit score will be.
However, on average, GUASFCU members with Credit Builders go from having no credit score to a credit score in the 700s.
You can reach us by phone at 202.687.8616 or help@guasfcu.com.
We are open Monday through Saturday, 10:30 am to 6:30 pm.
We are here to help.
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If your child elects, you can be set up as a joint owner on the account. This means you can enroll in online banking for their account, call our member service department to ask questions about their account, and keep an eye on their spending.
With our free service, you can transfer funds from external domestic bank accounts into your account at the credit union. All transfers will be posted to your GUASFCU account the following business day. You can even set up recurring payments.
Yes. Online banking gives you quick, direct access to your account and our mobile app lets you quickly and easily manage your money on the go. Our app features a secure messaging platform, check deposit history, and spending analysis.
Yes. A credit builder is just a loan we take out in your name and report to the credit agencies. It is 100% legal and a great way to build or repair your credit score.
No. Credit scores are influenced by how many successful lines of credit you have and your timeliness in paying off the full amount. Adding another line of credit to your report would only help improve your credit.
Unlike us, most banks do not necessarily have your best interests at heart. Since we are a non-profit credit union, we prioritize your financial future and want to help you succeed. We are here to serve you and help you start building your credit early.
Call us at 202.687.8616 or email help@guasfcu.com
Or, come visit us in the branch:
Monday through Saturday, 10:30 am to 6:30 pm
3700 O Street NW
Leavey Center Room 1328
* If you are younger than 18 years old, US law requires that you elect a joint owner for your account. Click the link above to open a joint account.
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