NFCU surprise..

[Anonymous]

So I joined NFCU last Thursday and opened a savings and checking account. I get home today and open the mail to see that they have already offered a CLOC (checking line of credit) with $15,000.00 limit. I didn't even apply for this. All it asks is that I sign the agreement and I'm good to go in three days. Is this normal practice for them?  Happy to be a member!

[Anonymous]

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@Anonymous wrote:

So I joined NFCU last Thursday and opened a savings and checking account. I get home today and open the mail to see that they have already offered a CLOC (checking line of credit) with $15,000.00 limit! I didn't even apply for this. All it asks is that I sign the agreement and I'm good to go in three days. Is this normal practice for them?  Happy to be a member!

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No, not all all. You have to apply for the CLOC and be approved before they send you the signature page and disclosures. Are you sure you didn't apply?

[Anonymous]

Wait... come to think of it, I started the application then got an error message when i clicked submit. I called them and they showed no record of an application and said I would need to apply again.. which I decided against.  I guess the app did go through and CS just couldn't locate it when asked. Oh well, Bonus! 

[charleybea]

I got an error message when I applied too.  Unlike you, they got my app and told me over the phone that I had been approved for max on CLOC.  Congrats by the way!