Business Hours (by appointment or walk-in):
Monday-Friday 12-5pm. Support Hours: Monday-Saturday 12-5pm.
ACH / ABA routing number：036089053 The UPenn SFCU branch is open by appointment only until August 9th
We are proud to announce that we are dedicating $1,000,000 to providing free Credit Builders
for Penn students who open a Quakers checking account or Penn Alumni who open an Alumni checking account. Whether you are an international student looking to set up your credit score for the first time or a US citizen looking to
improve your credit score, this is the program for you!
Click here to apply for your SFCU account and free Credit Builder:
Make sure to select Quaker/Alumni checking account when selecting your choice of checking account.
When selecting an option for free Credit Builder, select "Yes, $1,000 for 24 months".
The economic difficulties faced by many of our members and their families over the past year has
to light the importance of promoting financial health in our community. Since our founding, our goal
to help support the Penn community and their financial wellbeing. Over the past few months, that
mission has taken
on new meaning, and we recognized that the need to support our community was greater than ever. We
created this initiative
to give back to the Penn community and provide a way to improve your credit at no cost. Building
your credit is one of the most important ways you can build a strong financial foundation,
especially as students, or recent graduates. Your credit score takes into account the length of your
so the earlier you start building credit, the better your credit score will be in the future.
A good credit score is crucial to getting access to credit cards, loans, and can
help you make big purchases such as your first house or car when the time is right.
What is a Credit Builder?
This credit builder focuses on improving your credit score through timely payments on a loan, all
covered by the UPenn SFCU.
It works in the following way:
You apply for an Installment Credit Builder using the link at the top of this page
The free credit builder offers a term of 24 months and principal of $1000
The UPenn SFCU loans you the principal amount in a frozen account that you cannot access
The UPenn SFCU makes monthly payments on your behalf and sends a report of these
timely payments to the credit bureaus. Normally, you would be responsible for paying interest on
however, as part of our credit builder initiative, we are waiving the interest payments.
We report this to the credit agency as loan repayments are made on
time. This builds your credit score.
Why is a Credit Score Important?
Your credit score is
a financial snapshot that presents you to the business world. Your financial history can
directly affect your future, from how easily you are able to get a mortgage, rent an
apartment, make large purchases, take out loans, and much more. When applying for jobs,
some industries also take your credit score into account during the hiring process.
Simply said, a good credit score is an essential factor to your success, whatever
your path through life might be.
The below video provides an in-depth explanation
of what a credit builder is and why it is important.
Thank you for choosing to bank with the SFCU, the first and only student-run credit union in the
Deposits are federally insured up to at least $250,000 per individual depositor by the National
Credit Union Share Insurance Fund (NCUSIF).
The NCUSIF is backed by the full faith and credit of the United States Government.
Have an issue with your account? Contact us through this form
Alternatively, you can email or call us.
Phone: (215) 222-2604
ACH / ABA routing number：036089053
Our office is located at
3401 Walnut Street
Philadelphia, PA 19104
We are conveniently located near 34th and Walnut St. next to Van Pelt Library, Hill College
House, and the Engineering School. Specifically, we are right next to the Starbucks on 34th and
Walnut on the 4th floor of the Franklin Building A-Wing.