X Peninsula CU App Icon Peninsula CU App Icon
Download Our Mobile Banking App
Convenience in the palm of your hand
Install App Install App
happy family embracing by the water front
frond logo

Second Chance

We can help you make a fresh start, take control of your financial life, and rebound.

Life happens to us all. If you’ve gone through a rough time and are feeling financially unstable, our Second Chance products may be right for you. We offer a range of options, and together, we can create a plan that works best for you. Call us at 1.800.426.1601 or stop by your local Peninsula branch to get started on a new path.

Looking for a second chance?

Get immediate help

Meet your immediate needs with our payday loan alternative.

Start Saving

Start building a small emergency fund to buffer you against the unexpected.

Pay off debt

Free yourself from burdensome debt, one balance at a time.

Rebuild your credit

Repair your damaged credit with our secured cards and accounts.

Get immediate help,
and start saving a buffer

second_chance

PayDay Alternative Loan

Our PayDay Alternative Loan provides money when you need it most.

LEARN MORE ABOUT EMERGENCY FUNDS

SAVE TO WIN

Saving can be rewarding! For every $25 you save, you increase your chances to win a cash prize.

LEARN MORE ABOUT SAVE TO WIN

Repair your credit and avoid costly fees

second_chance

BALANCE FINANCIAL EDUCATION

Expertly crafted financial education to help with your fiscal matters

LEARN MORE ABOUT BALANCE

SHARE SECURED VISA

Establish or repair your damaged credit with this credit card, secured by your own funds.

LEARN MORE ABOUT SHARE SECURED VISA

Raise Your Credit Score with Experian Boost

Boost can help you rebuild your credit and achieve better Financial Wellbeing. A majority of consumers using Experian Boost see an increase (overall, 62% see a boost).

Learn More
Woman hugging child

Second Chance loans and mortgage assistance.

second_chance

L.I.F.T. AUTO LOANS

Get rewarded for paying on time. We’ll reduce your interest rate by 1% APR for each 12-month period of on-time payments, up to 1% APR.

LEARN MORE ABOUT L.I.F.T. AUTO LOANS

RENEW AUTO LOANS

If you have damaged credit, we’ll help you get essential transportation for you and your family.

LEARN MORE ABOUT RENEW AUTO LOANS

second_chance

MORTGAGE ASSISTANCE

For income-eligible members, we provide assistance with down payments and closing costs.

LEARN MORE ABOUT MORTGAGE ASSISTANCE

second_chance_white

Cash, Please!

When life throws you a curve ball and you need easy access to cash, there’s no need to pay ridiculously high interest rates on payday loans. And forget about getting a cash advance from your credit cards, you’ll be hit with fees on top of the already high interest rate.

Learn More

BACK TO TOP
log

I Just Feel Comfortable

“I Love this place, from the customer service to the warm personal attention, I feel so comfortable when I come in to talk about my finances.”

Melissa , Port Orchard

It's Convenient

“I love coming to Peninsula - they gave me a second chance at my financial life. Every time I visit, it's convenient.”

Julie , Port Orchard

How to Get Started

Feeling off track? Together we’ll work to get you back on the path toward your goals.

If you feel like you need a fresh start, we’d love to talk with you about how we can help. Everyone you’ll meet at Peninsula is a certified financial counselor, which means we’re ready to assess your current situation, make a plan with you, and help you take steps to rebound and find solid ground. Call us today to get started.

LEARN MORE ABOUT HOW FINANCIAL COACHING COULD HELP YOU

Call us at 1.800.426.1601, or visit us at one of our branches. We’ll sit down, have a cup of coffee, and talk about which of our Second Chance options may be right for you.

BACK TO TOP

FAQs and Tips

Second Chance FAQs

Yes. Peninsula will review your credit history when you open your account in order to identify you and determine what products might best fit your needs, but in general, we do not base our decision on your credit score or Chexsystems information.
Yes. We have several ways to help you rebuild credit. Through financial coaching, we will work together to create a plan specific to your needs.
No. We do not use Chexsystems.
A Share Secured VISA is a great way to rebuild credit. Visa accounts can be secured with as little as $500 of your own money kept on hold in your savings account.
Yes. Our experienced team of underwriters are all local, many of them born and raised here in the Pacific Northwest.  

Calculators to help you manage your debt

Ready for a fresh start?

Stop by one of our branches
FIND YOUR CLOSEST BRANCH
CALL US
1.800.426.1601
Hablamos Español
Envíanos un mensaje

Disclosures

BACK TO TOP

I just needed someone to take a second chance on me. I can in, they helped, and now I have more friends to help me with life's problems.

Emily , Port Townend

You are now leaving Peninsula Credit Union’s website. 

You are about to navigate away from Peninsula CU’s website. Clicking on the link will take you to another website that is not operated by Peninsula Credit Union. PCFCU is not responsible for the content of the third-party website or transactions between our members and the third-party website. The privacy & security policies of the third-party website may differ from Peninsula Credit Union’s practices.

Cancel Accept