Gulf Power Company Employees CU
GPCE Credit Union Credit Rebuilder

Credit Rebuilder

Credit Rebuilder


What is a Credit Re-Builder?

FSU Credit Union’s Credit Re-Builder Loan Program was developed to allow members with a colorful credit history to access credit and demonstrate their ability to repay, thereby rebuilding a positive credit rating.


Who is eligible for a credit rebuilder loan?

The program is made available to those members who have demonstrated loyalty to our organization and their employer. In order to receive this loan, applicants must be a member for 3 or more years AND employed with their present employers for 3 or more years.


How do I apply for a credit rebuilder loan?

  1. Pick up a Credit Rebuilder package from any of our locations.
  2. Take the loan packet home and read it thoroughly. Answer the 25 questions on the Credit Re-Builder questionnaire.
  3. Complete and sign the Affidavit of Employment form. Remember that this form must be signed by your supervisor.
  4. Complete and sign the Loan Application. Loan MAXIMUM limits are as follows:
    • *3 years on the job, 3+ years GPCE Credit Union, a Division of FSU Credit Union member = $1,000
    • *4 years on the job, 4+ years GPCE Credit Union, a Division of FSU Credit Union member = $1,500
    • *5 years on the job, 5+ years GPCE Credit Union, a Division of FSU Credit Union member = $2,000
      *Other restrictions may apply as governed by GPCE Credit Union, a Division of FSU Credit Union lending policy. If you have borrowed unsecured money within the last eight months, you are not eligible for the credit re-builder at this time.
  1. Your packet must contain a pay stub no older than 30 days.
  2. Mail or return the packet to our credit union Campus Branch located at 834-1 West St. Augustine Street, Tallahassee, FL 32304.

FSU Credit Union's Rebuilder Program is designed to benefit members in four ways:

  1. Providing a source of credit that may not be available elsewhere without the member’s paying extremely high-interest rates.
  2. Providing a way to correct current or past credit problems, thereby re-establishing creditworthiness over time, through a specific, step-by-step process.
  3. Reducing the member’s interest expense through time, by helping the member re-establish a favorable credit score.
  4. Allowing the credit union to help you help yourself.