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 protection | |
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.
Susan in the Lending Department is amazing! She did an amazing job in helping me refinancing my 2017 Jeep Cherokee Latitude. I love her customers service!
CL
Google 6.8.23
Aly in the Lending Department helped me from start to finish with my loan process and made it very easy for me.
Andrew A
Google 6.7.23
Excellent customer service! Joy and Sarah-Jane at the Sahara branch were so nice.
Steven P
Google 6.7.23
Everyone treated me with respect, courtesy and kindness. All were professional and very helpful.
Mary B
Google 6.3.23
As a new member, I was surprised with there worm, kind, and patient hospitality, and caring above and beyond my expectations. What a difference! Their professional and excellent attitude made me feel comfortable and relaxed when opening my account. Thank you!
Arya S
Google 6.2.23
Really easy to open an account and people there are really helpful.
Israel M
Google 6.1.23
Great experience, everyone is very professional and informative. 100% would say SCE Credit Union has been amazing.
K00pa0ne
Google 5.31.23
Want to give a shout out to Lucy N. at the Sahara branch. We needed immediate assistance with an issue related to a deed reconveyance and Lucy worked to ensure the matter was resolved ASAP. She was professional and courteous - a true asset to SCE Credit Union!! Many thanks!!
Erin D
Yelp 5.29.23
Just completed a loan with SCE Credit Union. I appreciated the ease of the application process; the speed of the entire process; and the continuous communication from employees.
Yolie P
Google 5.27.23
I love SCE Credit Union.
Pinky Lee R
Google 5.26.23