Montana First Credit Union in Missoula, MT

Recommendation that Horizon provide Secured Credit Card Product. A valuable access to financial services for members and potential members underserved and unserved by traditional financial institutions like Montana 1st did have. My Credit Union (Montana 1st) had offered this Secured Credit Card Product to: Unsteady employment (often temporary jobs with long hours); Part-time employment with multiple jobs or side businesses; Unstable residency (often rent or live in public or subsidized housing); No health insurance; Lack of affordable child care; Receive supplemental security income or social security disability benefits; Low share account balances; Need for small dollar loans; Limited financial resources; Limited, negative, or no credit history; and, A need for labor-intensive services (e.g. money orders, financial education and/or counseling, check cashing). SECURED CREDIT CARD With a less than perfect credit score, there are fewer card options out there. If you have had trouble getting approved for an unsecured card in the past, then a secured card may be right for you. Secured cards can help you manage your credit and spending limits, however they do require a cash collateral deposit which then becomes the credit line for that account. The good news is that your monthly payments will be reported to the major consumer reporting agencies, ensuring that your account history is reported to your credit profile. Secured credit cards are great for establishing or rebuilding your credit history. Unlike prepaid cards, secured credit cards give you a credit line, and your payment activity will be reported to the major consumer reporting agencies. Getting a secured card is easy! Funds you deposit at the credit union are used as collateral for the credit card. You use the card like any credit card. You can rebuild your credit history by making on time monthly payments to all of your creditors and by keeping your balances low relative to the credit limit.