Credit Builder CD Loan Program

Commonwealth’s Credit Builder CD Loan Program is designed for individuals looking to establish or rebuild credit using a Certificate of Deposit (“CD”) as collateral.  The CD may be funded by the proceeds from the loan or the applicant’s own proceeds.  It is a fast, convenient, low cost way of obtaining a loan.


  • No minimum credit score
  • Reduced rate with automatic loan payment deductions


  • Proof of recurring income
  • Must complete a one-page credit quiz at time of application
  • Must be 18 or older to apply
  • Open a Commonwealth Certificate of Deposit or pledge an existing Commonwealth Certificate of Deposit


  • $500 to $5,000
  • Fixed Rates
  • Flexible repayment terms


  • No Tax or IRS liens or judgments
  • No IRA CDs or CDs captioned “In Trust For”

Stop by one of our branches and pick up an application or call 251-380-7708 for more details.