September 2025 Basecamp Newsletter

What is a Credit Builder Loan?
The Credit Builder Loan was created to help members build or rebuild their credit in a safe, low-risk way. Kylie says, "It's a short-term loan with a low dollar amount, so it provides low risk, but helps members responsibly build credit." Unlike traditional loans or credit cards, this loan doesn't immediately give you access to cash; instead, it helps you build a payment history while saving money.
Here's How It Works
It's a simple process. First, P1FCU takes the loan funds and holds them in your savings account for the full term of your loan. You make the monthly payments on time, and your payment gets reported to all major credit bureaus. When the loan term is over, the funds are released to you. "You're rewarded," Kylie says, "but you've built your credit as well. So it's literally a win-win."
Want to learn more about our Credit Builder Loan? Click below to continue reading.

Donate to someone making a difference!
Making long-lasting change in the Silver Valley, our member Jenna has left an indelible mark on countless members of her community. To learn more about Jenna and Silver Valley Cares, click below.

Access Your Statements Anywhere, Anytime
You never know when you might need your statements, and if you don't have eStatements, that can be difficult. eStatements are accessible anywhere you can log into your Digital Banking. Plus, when you enroll in eStatements, you're on your way to earning dividends with Ascend Checking.
Defeat Scammers by Being Careful on Social Media
A Few Great Ways To Stay Safe
- Refrain from sharing personal information that scammers could use.
- You should wait to post about your vacation until you're home. Posting while on vacation can signal that your home is empty.
- In general, be careful what photos you post on social media. Details in your photos, such as license plates, addresses, or where you work, could be used against you by scammers.