topic Re: NFCU membership and cc application in Credit Card Applications

NFCU membership and cc application

Anonymous — Fri, 19 Aug 2016 15:22:31 GMT

So I put in an application last Thursday for membership with NFCU. It said the application could take up to 7-10 days to process blah blah blah. So fast forward to this past Wednesday and I was checking my Transunion report (my EQ and EX are frozen due to some fraudulent stuff) and low and behold I see a hard pull from Navy! I checked my email religiously on Wednesday and Thursday but no welcome email ever arrived. At that point I was pretty bummed thinking they didn't accept my membership or something but I decided to just call up to my local branch and see what they could tell me. They said everything looked great and that I was approved for membership. Yay!!! I went this morning to the local branch and put money into the savings account and when I got home I applied for the cash rewards credit card. I got a message that said the application could take 24 hours to process...is that normal? I guess I was hoping for an instant approval. My TU score is currently sitting at 682 so I figured with that score and only 1 baddie from 5 years ago I should get a pretty decent limit but now I'm not so sure. I'm worried because I've heard some people say they've had EQ pulled for cc and cloc's so since mine is frozen I don't know if that will cause a problem with my application. Should I just call and make sure they pull TU or wait it out? I hate that today is Friday because if I don't hear back by the end of the day I'm going to have to wait until Monday. lol Any suggestions?

Re: NFCU membership and cc application

baller4life — Fri, 19 Aug 2016 15:27:14 GMT

Wait it out. Yes 24 hour message is common. They will pull TU for a cc if EQ is frozen. But, not for a CLOC. Been there done that. I had to thaw EQ for that.

Re: NFCU membership and cc application

Anonymous — Fri, 19 Aug 2016 15:28:51 GMT

@baller4life wrote:
Wait it out. Yes 24 hour message is common. They will pull TU for a cc if EQ is frozen. But, not for a CLOC. Been there done that. I had to thaw EQ for that.

Good information and advice!

Re: NFCU membership and cc application

Anonymous — Fri, 19 Aug 2016 15:57:44 GMT

@Anonymous wrote:
So I put in an application last Thursday for membership with NFCU. It said the application could take up to 7-10 days to process blah blah blah. So fast forward to this past Wednesday and I was checking my Transunion report (my EQ and EX are frozen due to some fraudulent stuff) and low and behold I see a hard pull from Navy! I checked my email religiously on Wednesday and Thursday but no welcome email ever arrived. At that point I was pretty bummed thinking they didn't accept my membership or something but I decided to just call up to my local branch and see what they could tell me. They said everything looked great and that I was approved for membership. Yay!!! I went this morning to the local branch and put money into the savings account and when I got home I applied for the cash rewards credit card. I got a message that said the application could take 24 hours to process...is that normal? I guess I was hoping for an instant approval. My TU score is currently sitting at 682 so I figured with that score and only 1 baddie from 5 years ago I should get a pretty decent limit but now I'm not so sure. I'm worried because I've heard some people say they've had EQ pulled for cc and cloc's so since mine is frozen I don't know if that will cause a problem with my application. Should I just call and make sure they pull TU or wait it out? I hate that today is Friday because if I don't hear back by the end of the day I'm going to have to wait until Monday. lol Any suggestions?

You can check the status of your credit card application here-

https://dias.navyfcu.org/secure/amc.nsf/

Re: NFCU membership and cc application

Anonymous — Fri, 19 Aug 2016 16:10:37 GMT

I just got a notificiation that they pulled TU for my cc app so fingers crossed I'm approved! It's also good to know that I'll have to thaw my EQ if I want to apply for CLOC but I'm not looking to do that any time soon. Thank you to everone who responded! You guys are awesome!

Re: NFCU membership and cc application

Aduke1122 — Fri, 19 Aug 2016 17:58:30 GMT

Good luck OP keep us posted !

Re: NFCU membership and cc application

Anonymous — Sat, 20 Aug 2016 04:19:10 GMT

@Aduke1122 wrote:
Good luck OP keep us posted !

Goodluck OP and congrats on the membership. It's been about a week now waiting for approval for my membership since I faxed my application along with the supporting documentation such as the Navy league, receipts and drivers license .

Re: NFCU membership and cc application

bourgogne — Sat, 20 Aug 2016 04:23:30 GMT

@Anonymous wrote:
@Aduke1122 wrote:
Good luck OP keep us posted !
Goodluck OP and congrats on the membership. It's been about a week now waiting for approval for my membership since I faxed my application along with the supporting documentation such as the Navy league, receipts and drivers license .

a week? did you check with membership if they got it? email was one day for me this week - sent it monday, membership/card on wed.

Re: NFCU membership and cc application

echoecho — Sat, 20 Aug 2016 20:33:29 GMT

Same here, 8 days as if today. Called Thur to ask for status and stated still pending. Gave them my military ID card and wife's drivers license. I figgered being mil it would be faster but not so. Oh well just wanted to be a member so that when ready to app, I can.

Re: NFCU membership and cc application

Anonymous — Sun, 21 Aug 2016 06:39:13 GMT

Ok, so for anyone who cares here is an update: I was hoping to hear back from Navy today about a decision regarding cc my application but instead I got a message from them saying that they needed to know how much I pay for my student loans. My heart sank. I wasn't thinking that my student loans would come into play here. I owe quite a bit on those bad boys (to the tune of $65000) but they are currently in deferment until next May. I called the number they gave me and explained all this to them and the nice lady I spoke with said it was documented and I would hear back by Monday or Tuesday about their decision. Maybe I'm being a bit of a pessimist, but it doesn't feel like this is going to work out in my favor. Still hoping for the best but we shall see...

Re: NFCU membership and cc application

Aduke1122 — Sun, 21 Aug 2016 17:46:54 GMT

Just hang tight they are very fair and on the rare occasions that I have seen denials you can easily try to recon with them by sending a secured message. I was denied at first for my student loans bc technically they are still showing as default on my reports even though I have been in the Rehab program for 8 out of 9 months , anyways I sent them a message after i got the denial amd explained how hard I have worked to repair my credit and how I only have one payment left til my SL will be out of default . They sent me a message back to verify my income and then the next 15 mins I had an approval message . Don't get too worried just yet , what are your scores and profile like ?

Re: NFCU membership and cc application

Aduke1122 — Sun, 21 Aug 2016 17:48:55 GMT

Sorry just seen you say TU 682. You are well above thier standard approval score. My fiancé was only 614 when he was approved and he got a higher SL than I did with a 643 😕

Re: NFCU membership and cc application

Anonymous — Tue, 23 Aug 2016 16:48:29 GMT

I FINALLY got a text from Navy that I was approved for the cashRewards card I applied for last week!! I was getting really worried they were going to deny me because of my student loans but they decided to take a chance on me anyway and I couldn't be happier! I was approved for $10,100 with an apr of 11.4%! I know that limit may not seem like a lot for most but that is the highest limit I have right now! NFCU rocks!!

Re: NFCU membership and cc application

bourgogne — Tue, 23 Aug 2016 16:52:21 GMT

@Anonymous wrote:
I FINALLY got a text from Navy that I was approved for the cashRewards card I applied for last week!! I was getting really worried they were going to deny me because of my student loans but they decided to take a chance on me anyway and I couldn't be happier! I was approved for $10,100 with an apr of 11.4%! I know that limit may not seem like a lot for most but that is the highest limit I have right now! NFCU rocks!!

amazing sl and super amazing apr, congrats! bet it will be double this time next year, well done

Re: NFCU membership and cc application

Aduke1122 — Tue, 23 Aug 2016 16:55:03 GMT

Awesome !! I knew you would be ok ! Congrats OP