Rebuilder Loan

rebuilder loan

We believe In Second chances.

For Long Beach City Employees Federal Credit Union members with low credit scores, we offer a loan program to those members who have established a relationship* with the Credit Union to help you improve your credit score over time.

The Second Chance Rebuilder Loan process is simple—We fund a personal consumer loans in amounts between $500 to $2,000. It's as simple as that!

All we ask is that you make your loan payments on time over a term of 6 to 24 months. We'll be happy to coach you through the process of reestablishing and monitoring your credit profiles.

Great if you want to rebuild credit!
Loan Amount $500 to $2,000
Fees No loan or application fee!
Repayment Term 6 months to 24 months
Interest Rate Fixed interest rate
Discounts .25% rate reduction if you repay your loan through payroll allocation or transfer from your LBCEFCU Checking Account
*Relationship Requirements
  • Member in good standing for a minimum of 6 months
  • Active Checking account with Direct Deposit of net check for a minimum of 6 months
  • Income verification is required

Once your credit score has gone above 599, and you are still a member in good standing with the Credit Union, you will be a candidate for traditional loans from the Credit Union.

Questions? Contact a Member Service Representative at (562) 595-4725.

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Loan programs subject to change without notice. Must be a Long Beach City Employees Federal Credit Union member in good standing, with an active checking account and direct deposit of net payroll check for at least 6 months prior to the date an application is submitted for the rebuilder loan. Only one outstanding rebuilder loan at any given time is allowed. There may be fees and charges associated with this loan program. Additional terms, conditions and restrictions apply. Long Beach City Employee Federal Credit Union is an equal opportunity lender.

Long Beach
City Employees
Federal Credit Union

Routing # 322276839

2801 Temple Ave.
Signal Hill, CA 90755
(562) 595-4725
(800) 595-4725 CA Only