myFICO® Forums
Help
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 

Why do credit unions give such high CLs?

tag
Get Access Now
thelethargicage
Valued Contributor
‎04-08-2013 08:23 PM
‎04-08-2013 08:23 PM

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.


Message 1 of 4
0 Kudos
3 REPLIES 3
Rhaeny
Valued Contributor
‎04-08-2013 08:25 PM
‎04-08-2013 08:25 PM

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.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Message 2 of 4
0 Kudos
js0319
Established Contributor
‎04-08-2013 08:37 PM
‎04-08-2013 08:37 PM

Re: Why do credit unions give such high CLs?

+1

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

AMEX PRG - NPSL I AMEX Everyday Preferred - $34.8k I Capital One Venture - $20k I Chase Sapphire Preferred - $25.5k I Chase Southwest Rapid Rewards Premier - $20.7k I Barclay Arrival + - $10k I Capital One Quicksilver - $10k I NFCU Flagship Rewards Visa Signature - $15k I NASA FCU - $10k I Texell FCU Visa - $5k I Chase Freedom - $9.9k I Citi Double Cash - $7.8k I Discover IT - $5k I NFCU CLOC - $15k I Total Unsecured Credit - $188,700

EQ FICO - 714 (5/24/16) I TU FICO - 772 (5/24/16) I EX FICO - 770 (5/24/16)
Message 3 of 4
0 Kudos
webhopper
Moderator Emeritus
‎04-08-2013 08:53 PM
‎04-08-2013 08:53 PM

Re: Why do credit unions give such high CLs?

They may have higher levels of deposits with which to secure those lines.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!
Message 4 of 4
0 Kudos
† Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.