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Credit Union Secured Loan

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Kixforpa
Contributor

Credit Union Secured Loan

Good Evening;

 

Do secure loans from credit unions report to the CRA? I am going to call Dade County Federal Credit Union to double-check, but just want your opinion if you credit union does.

~Rebuilding Our Lives~
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Credit Union Secured Loan

I just got a loan through my credit union and secured it with my title from my car. It is reporting to all the CRA. 

Message 2 of 3
Kixforpa
Contributor

Re: Credit Union Secured Loan

I thought you had to secure your loan against your savings. That is how it is done DCFCU. They told me they do not check your credit but do hold the amount in your savings.

~Rebuilding Our Lives~
Message 3 of 3
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