@AllCredit wrote:My notes for Golden 1 is that is a SP EX, however I have another note to check because somewhere it was questioned whether they allow credit products outside of CA.
Thanks for the info! That seems to be the general consensus - that you can join through a backdoor (FFA I think) if you're outside of CA for banking, but credit products were only in state. Fortunately, I meet that requirement!
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Apparently Hanscom uses FICO 2. And is also apparently "the pits". If their recount of the interaction is accurate, it actually wouldn't be the first time I've heard of a CU "lecturing" someone when they applied for credit. I do agree with their one point though - good feedback about the denial and how to improve future chances for approval is awesome, condescending lectures are not.
I've been working on a spreadsheet to organize some of the info in this thread, other places, and direct interaction with the CU.
It's only for CUs that are open to anyone (meaning you can join through an association regardless of employer, geolocation, etc), and it tells how to join (and I've tried to capture the cost if there is one), if there's a soft/hard pull, which bureau, if they reuse hard pulls, chex inquries & sensitivity, and rates for PLOC + CCs.
Here's the link to view it:
From here, you can filter on columns (for example only CUs that are soft pulls on Experian), or sort (maybe by CC interest rate).
If anyone has any data they think would be useful to add, or if you have any insights on the CUs, or if I'm missing any, please PM me and I'll be happy to update it!
@heyryan wrote:
Apparently Hanscom uses FICO 2. And is also apparently "the pits". If their recount of the interaction is accurate, it actually wouldn't be the first time I've heard of a CU "lecturing" someone when they applied for credit. I do agree with their one point though - good feedback about the denial and how to improve future chances for approval is awesome, condescending lectures are not.
Hanscom says that they don't consider the credit score in granting credit, just in determining what interest rate to assign.
From my experience they're very tough on unsecured credit; they seemed to want to push me towards a home equity line of credit.
They rejected me -- twice -- only because I have lots of credit from other institutions, which seems like a pretty dumb reason to me. They also questioned me both about (a) why I had opened new credit lines and (b) why I had closed some of my credit lines. It seems pretty obvious that I opened new credit lines because I wanted better credit offerings, and closed some of my credit lines because I'd replaced them with the new, better ones.
They strike me as the type of organization where a few people sit in a room, making the decisions, and talking to each other without listening to their customers and the outside world.
Chase saw fit to grant me a $33k card, PenFed a $38,500 card, but Hanscom is too good for me.
@Anonymous wrote:
@Anonymous wrote:Ok so far....
I think many are in agreement with joining Navy (NFCU) and PenFed for their Bk Friendly attitudes, great LOC, loans and very healthy CC SL and/or CLI. NFCU needs to improve their deposit funds availability schedule and the ACH push and pull. Navy improve on these points and I'll never look at or love another, promise. All I want is overnight availability on mobile deposits up to 5k and equally fast push or pulls on money from other institutions.
Ah, so I think this is the correct thread for me to pose my question. I joined NF last weekend and planned on banking with them exclusively, but because there aren't any branches near me or share co-ops, I was hesitant to give up my Chase and OCCU accounts. (I don't care for spreading my money across too many accounts)
I haven't been a member for long, but I already LOVE their customer service. They're so much better than Chase (scoff) and OCCU combined. But I've been seeing members say that their ACH/avabilability of funds needs work. Is this still the case? I wouldn't want to set up a bill pay and have my payment be late because my bank is slow.
Loving everything so far. Their customer service is great.
This is indeed still the case - If you use a shared branch ATM to make a deposit, it takes a week to clear. They only allow you to ACH push, never pull. and I've noticed that transfers I've pushed from them take longer to post that the same transaction pulled from the other bank.
So yes, not a great choice for a 'main' checking bank...but they've got great service and loan products, so I'm staying 