topic Re: Best Credit Unions out there in Credit Cards

Best Credit Unions out there

cowboyguy — Mon, 10 Dec 2012 22:58:30 GMT

Hi everyone,

I'm looking to join a couple of credit unions & currently researching the best in terms of generosity in offering high initial CLs, generosity in CLIs, little/no documents hectic etc. I'm not qualified for NFCU so apart from that, here's a quick list I gathered from this forum:

PSECU

NASA

USAA

Penfed

Re: Best Credit Unions out there

Mellon — Mon, 10 Dec 2012 23:18:02 GMT

USAA is not a credit union

Re: Best Credit Unions out there

KausticRage — Mon, 10 Dec 2012 23:18:47 GMT

DCU, they approved my for my first $5k limit CC. Highest limit before that was my Walmart at $1600.

Re: Best Credit Unions out there

visorboy1974 — Mon, 10 Dec 2012 23:28:14 GMT

cowboyguy wrote:
Hi everyone,

I'm looking to join a couple of credit unions & currently researching the best in terms of generosity in offering high initial CLs, generosity in CLIs, little/no documents hectic etc. I'm not qualified for NFCU so apart from that, here's a quick list I gathered from this forum:

PSECU
NASA
USAA
Penfed

PSECU is closed to out of staters unless you have a family member who is a member.

USAA, as mentioned before is not a CU.

I'm a member at DCU and they offer generous starting limits. I was initially approved for $500 at Alliant, but that was increased to $15K after 6 months.

Re: Best Credit Unions out there

Swapmeet — Mon, 10 Dec 2012 23:33:54 GMT

USAA is not a CU, but that just means that anyone can join. They are, however, very generous when it comes to approval rates and CLs.

Re: Best Credit Unions out there

bs6054 — Mon, 10 Dec 2012 23:43:54 GMT

cowboyguy wrote:
Hi everyone,

I'm looking to join a couple of credit unions & currently researching the best in terms of generosity in offering high initial CLs, generosity in CLIs, little/no documents hectic etc. I'm not qualified for NFCU so apart from that, here's a quick list I gathered from this forum:

PSECU
NASA
USAA
Penfed

PenFed also have very strict underwriting requirements for many of their cards, so that might not match what you are looking for.

Re: Best Credit Unions out there

Rhaeny — Tue, 11 Dec 2012 00:07:07 GMT

KausticRage wrote:
DCU, they approved my for my first $5k limit CC. Highest limit before that was my Walmart at $1600.

DCU gave me $7500 right out of the gate so I am definitely a fan of them :D

Re: Best Credit Unions out there

madmann26 — Tue, 11 Dec 2012 00:11:28 GMT

NFCU, if you can get in.

Re: Best Credit Unions out there

bs6054 — Tue, 11 Dec 2012 00:14:31 GMT

madmann26 wrote:
NFCU, if you can get in.

The OP said, in his OP:

I'm not qualified for NFCU so apart from that

Re: Best Credit Unions out there

p- — Tue, 11 Dec 2012 00:17:51 GMT

Definitley Penfed. And if you are qualified, USAA, even though it's not a CU, per se. It also would be smart to forge a relationship with a small, local CU. Sometimes there's no substitute for walking in and meeting with the person handling your decisions.

Re: Best Credit Unions out there

hussain99 — Tue, 11 Dec 2012 00:58:19 GMT

Thanks for your input guys. I still have a few questions in mind:

1. Does DCU ask for pay-stubs/W-2 on credit card application?

2. To me, the biggest drawback of CUs are two HPs (one at the time of membership application & the other for CC). Is it possible to somehow get only one HP?

3. If I am eligible for PSECU, is it a good CU in terms of initial CL, CLIs, no pay-stub hectics etc?

Re: Best Credit Unions out there

kimmiller112 — Tue, 11 Dec 2012 01:06:24 GMT

My DCU membership is still pending. I have applied and gotten approved for a $7500 card which I will get once I have my membership number. They did ask for one paystub for me. It was two hard pulls, one for the membership and one for the credit card.

Re: Best Credit Unions out there

webhopper — Tue, 11 Dec 2012 01:27:46 GMT

A few ive seen on this board... ft. Know CU; alliant; DCU; Martin cu; psecu

Re: Best Credit Unions out there

eviLution — Tue, 11 Dec 2012 01:41:35 GMT

I'm with DCU.

They approved me within a few days for membership and they actually gave me a $1,500 CL CC with a thin file. All I had to do was scan my ID and paystub, then I emailed it to them. 2 HP on EQ for membership and CC app though. I read that you can get away with 1 HP if you apply in person

Re: Best Credit Unions out there

JPmorgan — Tue, 11 Dec 2012 09:42:44 GMT

DCU!

Re: Best Credit Unions out there

codimom — Tue, 11 Dec 2012 16:56:43 GMT

I have a membership with Alliant credit union (by choice) and Security Service Federal cu (because of my car loan...) . I have been with Alliant for many many years and they've always treated me well.

Re: Best Credit Unions out there

p- — Wed, 12 Dec 2012 17:09:18 GMT

hussain99 wrote:
2. To me, the biggest drawback of CUs are two HPs (one at the time of membership application & the other for CC). Is it possible to somehow get only one HP?

When I joined penfed, they used the same pull for membership and two loan apps. Check out the boards here; I think it's one pull for 30 or 90 days with them, for all credit products.

Re: Best Credit Unions out there

rootpooty — Wed, 12 Dec 2012 17:43:04 GMT

NFCU

Re: Best Credit Unions out there

knoregs — Wed, 12 Dec 2012 17:58:32 GMT

KausticRage wrote:
DCU, they approved my for my first $5k limit CC. Highest limit before that was my Walmart at $1600.

Do you remember who they pulled from? Equifax perhaps?

~kn

Re: Best Credit Unions out there

eviLution — Wed, 12 Dec 2012 20:07:23 GMT

They pulled EQ for me.