Don’t let your credit score get in the way of where you want to go. Get Credit is a simple way to build up your credit — or rebuild it — and build up a stack of cash along the way. It’s a 12-month loan where by making on-time payments you see an improved credit history and wind up with money in the bank.

Frequently Asked Questions

Also, check out the article How to Build Credit.

You choose your payments

Watch your savings grow

Watch your credit score grow

After just 1 year – Get a loan




$1.2 million +

Get Credit Basics

What does it cost to start the Get Credit program?

There are no application fees or money down requirements. During the enrollment process, you’ll select the amount you can afford each month ($45, $90, or $135), set up your account and loan payments, and sign the documents. That’s it! We’ll provide your payment due date during the enrollment process, which is approximately 30 days later.

How does Get Credit work?

Get Credit is a 12-month program that allows you to build your credit score and your savings all at once. You pick the amount to save, and we’ll get you set up for success. Here’s how it works:

  1. We lend you money and lock it into a safe account. Each month, you make set payments (based on how much money you borrowed) to pay yourself back.
  2. With every on-time payment you make, your credit starts to grow.
  3. After making all your payments on time, you’ll have a nice stack of cash and improved credit at the end of the program.

It’s that simple. No down payment. No monthly fee. No high-interest credit card debt. Start your Get Credit journey with our short, 3 minute enrollment today.

Do I have to sign up online?

Enrollment into the Get Credit program is available through our Digital Application. Our friendly branch staff is available to assist with completing the application in-person, if preferred.

Can I enroll in more than one Get Credit loan at a time?

Members may only open one Get Credit loan per person. We encourage you to select the highest loan option ($1,510) to maximize your savings at the end of the program, and set aside any extra funds into a savings account.

Does Get Credit affect my credit score?

Yes. If you pay each monthly installment on time, that positive payment history will have an impact on your score. Alternatively, if you do not pay on time and let the account stay dormant, that will also be subject to credit bureau reporting and negatively impact your score. If you are unable to make payments, simply close the account by calling 1.800.923.7280.

Account Products and Services

Why do I have to open a savings account?

When you join a Credit Union, you are becoming a member/owner of that financial institution. Your ownership, or share, comes in the form of a savings account. By opening a savings account with a minimum of a $5.00 deposit, you’re officially a member/owner of Marine Credit Union! You cannot take part in other products until you have a share savings account.

Can I open any other products with Marine Credit Union?

Along with a savings account, Marine Credit Union also offers two checking accounts. My Marine Checking is available for members who have a credit score less than 500 and My Relationship Checking is available for those who have a credit score over 500. Both of these accounts are free, and both of them are excellent options for managing your money, including making payment transfers easily from your checking account to your Get Credit loan.

FICO Scores

What is a FICO® score?

A FICO® score is a 3-digit number that summarizes your credit risk. It is calculated from information on your credit report, which is provided by the credit bureaus. FICO® scores help financial institutions understand the level of risk they would undertake by loaning money to someone. Learn more about credit scores here.

How can I check my credit score?

We provide updated credit scores every three months on our free mobile app. Download the Marine app in your Google Play store (for Android devices) or the App Store (for Apple devices).

How is my credit score determined?

The Marine Mobile Banking app will show you the top two reasons why your credit score is listed as it is. This score is updated every three months, so be sure to check the date of the most recent update to see if it’s recent. Additional information on how credit scores are calculated can be found by clicking the “education link” by your credit score.  You can find more information about how credit scores are calculated by clicking here.

The FICO® score you provided is lower than the credit score I’ve seen elsewhere; why is this?

Between all three credit bureaus, there are 19 FICO® scores used by lenders. Scores differ based on the data collected and how the information is stored. You can learn more about the different FICO® scores available by clicking here.

Do I have a good FICO® Score?

There are a lot of factors that go into your credit score and understanding what is a “good” score can be subjective. Learn more about credit scores, including how they are calculated, by visiting the FICO website here.

I was expecting my score to be higher. Why isn’t it?

Your FICO® score is a reflection of data in the credit report we pulled for you. The Marine Mobile Banking app will show you the top two reasons why your credit score is listed as it is. This score is updated every three months, so be sure to check the date of the most recent update to see if it’s recent. Additional information on how credit scores are calculated can be found by clicking the “education link” by your credit score.  You can find more information about how credit scores are calculated by clicking here.

How much will my credit score go up with Get Credit?

There are many factors that impact a credit score; making on-time monthly payments to a loan is one way to give it a positive boost.

While there’s no way to predict exactly how much your score will be impacted by Get Credit, we do provide free FICO® updates on the Marine Mobile Banking app (which is also free to download and use) so you can periodically check your score. This will include education on the key factors effecting your score. Certain events like late or missed payments on your Get Credit loan, or other bills, can lower your FICO® score quickly, so be sure to keep this in mind when committing to the Get Credit program. The easiest way to avoid missed payment blunders is to set up free auto payments. Talk to a member of the MCU team to learn more!

My credit score dropped when I enrolled in Get Credit. What’s up with that?

When you enroll in Get Credit, a full credit report is pulled from TransUnion. This happens with all credit inquiries, like opening a credit card or a car loan. When a credit report is pulled, scores can decrease slightly, at first. But don’t worry – with on time payments, this will bounce back soon!

Loan Details & Payments

How will I know my due date and payment amount?

Your due date and payment amount will be provided near the end of the Get Credit enrollment process. The due date is typically 30 days after the enrollment date, but be sure to write down the exact date when you’re completing the enrollment. You’ll also receive this information in the loan documents that will be available to download after you electronically sign your paperwork.

I think I’m going to miss a payment. What should I do?

Our team is here for you! If you think you’re going to miss a payment, call or stop into your local branch to talk to a member of our team.

What happens if I miss a payment?

Missing a payment can have a negative impact on your credit score. After 10 days of no payment, a $10 late fee will be added to your account. We know things happen, and our goal is to get you on the right track to a better credit score and financial future. Give us a call if you are having trouble making your payments.

Tip: Avoid missed payment blunders by setting up free, automatic payments from your checking account!

How do I get my money after I’ve finished the Get Credit program?

Once you have paid off your Get Credit loan, the full loan amount (minus any fees incurred throughout the program, if applicable) will be transferred to your savings account.

July 5, 2023


In today’s fast-paced world, managing our finances effectively is a daunting task. Maintaining our finances is actually crucial for our overall well-being. Financial wellness and…

Read More
September 21, 2022


Getting a loan. For many, the thought conjures up conflicting feelings. On the one hand, it elicits hope and excitement at the prospect of fulfilling…

Read More
December 6, 2021


Credit is one of the most important topics related to finances that will consistently affect a person’s financial situation. It is crucial to know what…

Read More

Get Credit is a closed end share secured loan account with 12-month payment terms. At the end of the term, the balance is transferred to your Marine Credit Union Savings Account. Rates and terms will be subject to change without notice. Your actual Annual Percentage Rate (APR) and other loan terms will be shown to you as part of the online application process. Opening a Get Credit account does not guarantee an increase to your credit score, and individual results may vary. It’s important to make on-time payments but other factors can affect your credit score, including performance on other credit accounts. Get Credit require that you open a no-fee checking account with Marine Credit Union. The account is opened as part of the application process.