topic Re: Automated Credit Union Application Approvals? in Credit Card Applications

Automated Credit Union Application Approvals?

myfavoritehue — Fri, 29 Mar 2024 22:40:10 GMT

Is there such a thing anymore? If so, who?

I stepped away from credit for about 18 months and I'm surprised to see them amount of hoops that one is required to jump through for approvals from credit unions. From browsing the credit card approvals section, seems in every CU approval I come across, being approved takes days and its, somewhat, conditional due to all of the documentation required to be provided.

I'm trying to set myself up to do an app spree later this year this feels like a bit of a deterrent and moving me more towards big/mid-tier banks.

Re: Automated Credit Union Application Approvals?

Tdatb64 — Sat, 30 Mar 2024 09:31:16 GMT

Credit unions are less able to weather volume fraud than the large banks are so, of course, they've begun to implement somewhat strict anti-fraud measures that make everything a severe pain in the dupa. Even many of the banks are doing similar things these days. Soon enough they'll probably want retina scans & DNA to even cash a check...

Re: Automated Credit Union Application Approvals?

Anonymous514 — Fri, 05 Apr 2024 22:37:51 GMT

Considering how many people lie on applications alone, I think there should be even more of a process 😂

Re: Automated Credit Union Application Approvals?

keekers — Sat, 06 Apr 2024 01:16:59 GMT

I don't recall any hoops with NFCU.

Re: Automated Credit Union Application Approvals?

Horseshoez — Sat, 06 Apr 2024 01:37:32 GMT

@keekers wrote:
I don't recall any hoops with NFCU.

Agreed, I joined NFCU a few months ago and it was a single phone call and I was in.

Re: Automated Credit Union Application Approvals?

FicoMike0 — Mon, 08 Apr 2024 01:11:20 GMT

I joined dcu and penfed last year, I don't recall any hoops, auto approved online.