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Established Contributor
thelethargicage
Posts: 706
Registered: ‎09-19-2012
0

Why do credit unions give such high CLs?

You would think it would be the other way around, but I keep seeing people getting some insane CLs on CU-issued cards.



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Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011
0

Re: Why do credit unions give such high CLs?

Not all CU's are equal.  NFCU...my fav...is the largest CU and does give out high limits.  But my local CU, which is quite large in my area gives out tiny limits.


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Frequent Contributor
js0319
Posts: 474
Registered: ‎02-27-2012
0

Re: Why do credit unions give such high CLs?

+1

I'm with a couple of CU's, and they're all conservative IMO.

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Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Why do credit unions give such high CLs?

They may have higher levels of deposits with which to secure those lines.

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