Credit Building Programs
Start building credit today — even if you've never had a loan before.
What’s the best way to start building credit?
Choose the product that matches your financial situation and goals
No credit history
Credit Builder Loan
Built for people who have never had credit before. Establish your first credit score with on-time payments that are reported to the credit bureaus.
Learn more
Starting over with credit
Secured Loan
Designed for people who already have some credit history and want to strengthen or recover their score through structured payments.
Learn more
Build credit at a low cost
Visa Diamond Secured* Credit Card
Ideal once you’ve started building credit and want a low-APR card that helps you continue growing your score.
Diamond Disclosure
Learn more
Earn rewards while building credit
Visa Diamond Rewards Secured Credit Card
Best for people who already have a credit foundation and want to earn rewards while continuing to build credit.
Diamond Rewards Disclosure
Learn more
Need help deciding? Chat with our credit specialists
Why Choose Us
Build credit safely and affordably
No credit or co-signer required
Low monthly payments and local support
Empowering you with financial knowledge
More informationFrom building credit to buying a home, we’re here to help.
Explore our financial literacy seminars and take the next step with confidence.
Unlock your credit potential!
Get a copyWant to strengthen your credit? We’re here to help. Our Score Enhancement service gives you personalized tips based on your credit report—so you can take the next step with confidence. Stop by any branch or reach out to our Member Support Center to learn more.
Discover financial wellness
Get startedBuild financial confidence at your own pace. Visit our Financial Wellness Center for quick, interactive programs on budgeting, credit, identity protection, and more.
What Our Members Say
Needed a credit card for work travel Easy process
simple to apply, very quick response and picked cheque up quickly - simple, easy and polite service
Was educated on all loans available. I was advised as to which was best for me.
Ready to start your credit journey?
Contact us today and take your first step toward financial confidence.
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*110% of the loan amount will be held as collateral on Savings/Certificate Secured loans.
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Visa Diamond Secured*
Our most-popular card. This card offers our lowest APR secured card, offering you savings opportunities over the “Big Bank” cards. Low rate, no annual fee, serviced locally and accepted worldwide.
Contactless Card Features:
- Our lowest APR card
- No annual fee or penalty rates
- Same low APR for cash advances!
- Instant Issue for lost or stolen cards
- Mobile Wallet compatible
- Card Control App
Visa Diamond Rewards Secured
The Visa Diamond Rewards card offers a competitive low rate, UNLIMITED cash back, no annual fee, serviced locally and accepted worldwide.
Contactless Card Features
- Earn unlimited 1% cash back on every purchase**
- Competitive variable APR, currently as low as APR
- No annual fee or penalty rates
- Same low APR for cash advances!
- Accepted worldwide
- Locally serviced at your Central One branch
- Instant Issue for lost or stolen cards
- Mobile Wallet compatible
- Card Control App
Obtaining a Free Copy and Review of Your Credit Report
The following information is provided by the Federal Trade Commission. See the Federal Trade Commissions website for more information;
You may order additional credit reports if:
- You are entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days
- A company takes adverse action against you, such as denying your application for credit, insurance, or employment, and you ask for your report within 60 days of receiving notice of the action.
- You are on welfare
- Your report is inaccurate because of fraud including identity theft.
You may also buy additional credit reports by contacting the credit bureaus directly:
- Equifax
- 1-800-685-1111; equifax.com
- Experian:
- 1-888-397-3742; experian.com
- TransUnion:
- 1-800-916-8800; transunion.com
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Open Account
Ice Cream Day Dates
All Ice Cream Day events are from 4:00 – 6:00 pm.
June 12th- Auburn Branch, 63 Southbridge Street
July 24th- Westborough Branch, 40 South Street
July 31st- Milford Branch, 82 Prospect Street
August 7th- Northborough Branch, 148 Main Street
August 28th- Shrewsbury Branch, 714 Main Street
August 15th- Worcester (Saint Vincent Hospital) Branch – We’ll be serving Goody’s Kettle Corn at the branch all day!
Food Truck Dates
All Food Truck Events are from 11:00 am – 1:00 pm.
July 12th- Westborough Branch, 40 South Street: Tacoborough Food Truck
August 9th- Shrewsbury Branch, 714 Main Street: Savage Wraps Food Truck
August 14th- Worcester (Saint Vincent Hospital) Branch – Garden Fresh sandwiches in-branch
August 23rd- Auburn Branch, 63 Southbridge Street: Bird’s Nest Panini Food Truck
September 6th- Northborough Branch, 148 Main Street: Tacoborough Food Truck
October 4th- Milford Branch, 82 Prospect Street (Route 140): Braised Food Truck
Adjustable Rate Mortgages
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The 15/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 15 years then adjusts to a new rate every 5 years. Â
Term: Available for terms up to 40 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 15/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 15 years then adjusts to a new rate every 5 years. Â
Term: Available for terms up to 40 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 10/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 10 years then adjusts to a new rate every 5 years. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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-
The 10/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 10 years then adjusts to a new rate every 5 years. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 5/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 5 years then adjusts to a new rate every 1 year. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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-
The 5/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 5 years then adjusts to a new rate every 1 year. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 3/3 Adjustable Rate Mortgage offers a fixed APR of
for the first 3 years then adjusts to a new rate every 3 years. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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-
The 3/3 Adjustable Rate Mortgage offers a fixed APR of
for the first 3 years then adjusts to a new rate every 3 years. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 1/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 1 year then adjusts to a new rate every 1 year. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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-
The 1/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 1 year then adjusts to a new rate every 1 year. Â
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
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Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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