Teen Loans & Credit
Help them build their credit... the right way!
We pride ourselves on our ability to teach smart money habits to teens.
Let us help you teach them about credit before they make costly mistakes.
We pride ourselves on our ability to teach smart money habits to teens.
Let us help you teach them about credit before they make costly mistakes.
1Estimated monthly payment per $1,000 on a 60-month term at 3.99% APR is $18.42 and subject to change.
This loan is one of the best ways to build credit for a teen who’s 16 or 17 years old… and can help build their savings at the same time.
Here’s how it works:
Pro Tip! Help them set up a monthly automatic transfer from their Teen Checking account to ensure payments are made on time, helping to build their good payment history. Too easy!
Teen Platinum Apply for a Teen Visa | |
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Perfect for... | ...a teen ages 16 to 17 who want to start establishing credit |
Introductory rate Loan Rates | 2.90% for six billing cycles1 |
Annual fee | $0 requires a parent or guardian joint owner |
Limit | $500 |
Cash Advance Fee | 3% ($10 minimum) |
Foreign Transaction Fee | 1% |
Requirements | Parent must be on the account and meet credit qualifications |
Digital Banking Digital Banking & Security | |
Identity theft monitoring ID Navigator Powered by NortonLifeLock | |
Extended purchase warranties |
1Standard introductory period is six billing cycles, after which balances are converted to a fixed rate based on Prime Rate plus a margin.
Dealing with an unauthorized charge can be a stressful experience, but Elizabeth Martinez from SCE FCU was very helpful and provided me with all the information I needed to resolve it.
Lambert C
Google 9.21.23
I have always had nothing but positive experiences working with SCE FCU. Wouldn’t want to bank anywhere else. They still treat you as a customer they sincerely care about. That is rare these days. Their representatives are always cheerful, courteous, and professional in taking care of any of my banking needs!
James T
Google 9.20.23
Representative was courteous, calm and went above and beyond. Easiest and painless call ever with my inquiry.
Jonathan L
Google 9.20.23
Customer service was amazing and helpful. Very professional, polite, and knowledgeable. Love banking with SCE FCU. Will always support and recommend them.
Christopher R
Google 9.20.23
I've been a member for a couple years and every time I have a question or concern I've been helped either by phone or by going to the Duarte or Irwindale branch.
Magaly B
Google 9.20.23
Representative was very knowledgeable and helped me resolve my issue. Excellent customer service! Thank you!
Karen F
Google 9.20.23
I love this bank. Everyone is always so helpful and try to get things done for you!
Monica G
Google 9.20.23
The best banking institution I have ever used. I really love the service they provide! Thank you !!!!
Paul G
Google 9.16.23
Excellent customer service. The lady who helped me was nice, patient and helped me with all my questions.
Edith R
Google 9.16.23
Banking with you has always been amazing. We've bought 4 cars through SCE FCU and will likely continue to do so. The CU at the wheel program was seamless and unbelievably easy. By utilizing SCE discounts I was able to bring my interest rate down 1.25%. Another reason why I love banking with SCE FCU. They are always looking for ways to save their customers money.
Kenny M
Google 9.16.23