Build Credit
With Confidence
Whether you're starting from scratch or rebuilding, our Credit Builder Account helps you establish positive payment history while building savings.
Anyone can be a Builder
Our Credit Builder Account is a secured loan held in a Certificate of Deposit that you pay off in monthly installments. Each payment is reported to all three credit bureaus.
Choose Your Plan
Select a payment plan that fits your budget and goals. Open your Credit Builder Account and start building your financial future.
Make Monthly Payments
We report each payment to Equifax, Experian, and TransUnion. Payment history makes up 35% of your credit score—every on-time payment counts.
Get Your Money Back
After completing your payments, the loan is reported as paid in full and you receive your money back (minus interest and fees).
Frequently Asked Questions
How does the Credit Builder Account work?
You choose a plan that fits your budget and we open a secured loan backed by a Certificate of Deposit. As you make monthly payments, we report your positive payment history to all three major credit bureaus. Once complete, you receive the principal back (minus interest and fees).
How fast does it build credit?
Results vary for each person. Some see credit score changes after the first reporting while others see impact after multiple payments. The timeline depends on your existing credit history and how consistently you make on-time payments.
Can I pay off my account early?
Yes, you can pay off and close your account early at any time. However, since payment history is crucial for credit building, paying early means establishing less history with the credit bureaus. The loan will be reported as paid in full.
Is my money safe?
Absolutely. Your funds are held in an FDIC-insured Certificate of Deposit at State Bank, providing the same security and protection as any other bank deposit.
Your Security Matters
All State Bank deposits, including Credit Builder Account funds, are FDIC-insured up to $250,000. Your financial future is built on a foundation of safety and security.
Ready to build your credit?
Our team is here to help you get started with a Credit Builder Loan. Whether you're near one of our branches or across the country, we're here to assist.
Call to speak with a real person—no phone trees, just genuine service. Visit any of our three Southwest Wyoming branches or reach us from anywhere in the country.