Credit Card Center Advertiser Disclosure

Reply
Established Contributor
Posts: 612
Registered: ‎05-29-2014

Re: Official Credit Unions Guide

Official SDFCU Visa starting limit: $500.00

 

So I called and spoke to the nicest guy in their lending department (703-706-5116) and he confirmed their counteroffer and said that due to my egyptianism and amount of open unsecured credit that was all they would offer. He also said that it was strictly based on amount of new accounts and number of inquiries and not reflective of my credit score. Use it for gas and pay it off, build a relationship with them, give it six months, call back, they will review for a larger limit (with another HP). 

 

I'm ok with this - because yeah - I do have a lot of new accounts and a lot of available credit.

 

I guess I'll grab a hoe and get to it.

Original Scores: EQ FICO 645, TU 672, EX FICO 663 (4/2014)
Current Scores: EQ FICO 783, TU 796, EX FICO 797 (7/2017)
Community Leader
Super Contributor
Posts: 13,401
Registered: ‎09-13-2013
0 Kudos

Re: Official Credit Unions Guide


JoMellow wrote:

Official SDFCU Visa starting limit: $500.00

 

So I called and spoke to the nicest guy in their lending department (703-706-5116) and he confirmed their counteroffer and said that due to my egyptianism and amount of open unsecured credit that was all they would offer. He also said that it was strictly based on amount of new accounts and number of inquiries and not reflective of my credit score. Use it for gas and pay it off, build a relationship with them, give it six months, call back, they will review for a larger limit (with another HP). 

 

I'm ok with this - because yeah - I do have a lot of new accounts and a lot of available credit.

 

I guess I'll grab a hoe and get to it.


LMAO!! Well looks like you need to stop building pyramids and put that hoe to work! 😂😂

 

Congrats on your new card. I'm confident it will grow.

Community Leader
Super Contributor
Posts: 13,852
Registered: ‎04-16-2014

Re: Official Credit Unions Guide


maestro07 wrote:

baller4life wrote:

maestro07 wrote:

baller4life wrote:
Ok folks. Any recent data on GTE Financial, Lake Michigan CU and Logix? Any current members here?

I am member of Lake Michigan CU and GTE Financial for more than a year now. They both are very very conservative. 

I have both savings and checking and direct deposit with them for a year, but never got any pre-approvals on any of their products despite being having clean profile!!

 

Both use chex system for membership. GTE uses EQ, LMCU uses TR.


Thank you very much. LMCU has super high checking rates last I saw. But, I have always heard they are extremely hard to get an approval with. I was hoping that had loosened up like Penfed! Oh well....lol.


I guess Consumer Credit Union has best checking too - https://www.myconsumers.org/personal/checking/free-rewards-checking.html 

Consumers is a TU puller.


Try Consumers Credit Union's Free Rewards Checking account, an interest bearing checking account that pays up to 4.59% Annual Percentage Yield (APY) on balances up to $20,000! This is one of the highest interest rates you'll find for checking accounts nationwide.

 

Wow that is amazing

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | US Bank | Fifth Third Bank | FNBO
Community Leader
Super Contributor
Posts: 13,401
Registered: ‎09-13-2013

Re: Official Credit Unions Guide

WHAT THE?!?!?!?!?!?

Why hasn't this been more talked about here? OMG!!!
Established Contributor
Posts: 612
Registered: ‎05-29-2014

Re: Official Credit Unions Guide

We'll see how it goes in a few years.

 

Thanks for all the help and insight and encouragement.  Here's to the 100 credit union journey! Smiley Very Happy

Original Scores: EQ FICO 645, TU 672, EX FICO 663 (4/2014)
Current Scores: EQ FICO 783, TU 796, EX FICO 797 (7/2017)
Community Leader
Super Contributor
Posts: 13,401
Registered: ‎09-13-2013
0 Kudos

Re: Official Credit Unions Guide

[ Edited ]

@JoMellow you are very welcomed! I do what I can!

 

Well looks like I will be joining Consumers next folks! 😆

 

Valued Contributor
Posts: 1,515
Registered: ‎06-27-2014

Re: Official Credit Unions Guide

CCU is definitively an intriguing FCU for someone with some savings.   I looked at them a while back.  There are some big hoops to go through to get the high interest checking.  The two big ones are at least 12 pin debit transactions and spending $1000 on the CC.  Amazon gift cards might work for the debit transactions, but it still means you have to be approved for the CC and use it every month.   Still it is a nice APR for a checking account.

 

IIRC there was a thread about someone wanting the CCU cash rewards card a while back.  They wanted it for the 3% grocery category.  At the time the cash back was unlimited and their local farm supply store was coded as grocery.  They were declined due to not having enough 10k+ lines. 

Valued Contributor
Posts: 3,018
Registered: ‎05-27-2015

Re: Official Credit Unions Guide

[ Edited ]

That's the only reason I haven't joined CCU..the hoops. Xcel has a lower rate but you only need 12 debit transactions regardless of the amount spent. It's much easier to meet the monthly requirements for folks that like using their CC's most of the time.

Blue federal CU is giving fantastic rates for 10 debit transactions and one ACH a month. You just have to build up to it. https://www.bluefcu.com
They use Chex system for membership and pull EX on products from what I could gather on their website.

 

Membership is open to anyone donating $5.00. You can also do direct deposit and 10 debit transactions to meet the 4.00% . They use a 3 tier scale to issue dividends on the high interest checking account.

FICO 8 Scores EQ=753 TU=779 EX=764 (INQ) EQ=19 TU=14 EX=18 TCL=$483,700
Community Leader
Super Contributor
Posts: 13,401
Registered: ‎09-13-2013

Re: Official Credit Unions Guide

[ Edited ]

Thanks Gmood for the info. Even the 3.09% APY up to $10k is a excellent rate at CCU though. And it doesn't require their cc. Just 12 debit transactions and one ACH debit or direct deposit. That's pretty simple to do.

New Contributor
Posts: 101
Registered: ‎06-21-2016

Re: Official Credit Unions Guide

Lots of good info posted here. It’s nice to hear about new credit unions.

 

I can agree with NFCU and Alliant being awesome. Excellen experience with both.

 

One great thing about Alliant is that they offer teen checking accounts for 13-17-year old’s. I plant to get my daughter one next year. She’s only 12 but has had a ING Direct/Capital One360 Money account for years. I hope by time she’s an adult she will have a very firm grasp of how to handle her money.

 

I look forward to seeing many new CU’s to put on the to-do list.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.