topic Re: Navy Federal Question in Credit Card Applications

Navy Federal Question

Anonymous — Wed, 20 May 2015 11:43:06 GMT

I put this in applications because it is technically leading to a future CC app with Navy Federal, but I have a question first.

I have a family member who has a membership and gave me all the required information to set up my account...HOWEVER...I am not sure their account is in the best standing.

Is this typically known to affect membership approval and possibly CC app approval?

Re: Navy Federal Question

Anonymous — Wed, 20 May 2015 12:26:55 GMT

@Anonymous wrote:
I put this in applications because it is technically leading to a future CC app with Navy Federal, but I have a question first.

I have a family member who has a membership and gave me all the required information to set up my account...HOWEVER...I am not sure their account is in the best standing.

Is this typically known to affect membership approval and possibly CC app approval?

No, that wouldn't affect it unless it was an account that was fraudulent. What relation is the family member? Not all will make you eligible.

Re: Navy Federal Question

Anonymous — Wed, 20 May 2015 12:37:11 GMT

Thanks for replying Irish...the current member is my sibling

Re: Navy Federal Question

Anonymous — Wed, 20 May 2015 13:32:38 GMT

Well that was painless...I'm now an NFCU member!!! Woo-hoo!!!

Re: Navy Federal Question

gingerflower — Wed, 20 May 2015 16:53:05 GMT

Congratulations Op and start apping for the cc and cloc. Don't forget to ask for the full amount of $15,000 on the cloc. Good luck...

Re: Navy Federal Question

Anonymous — Wed, 20 May 2015 16:55:54 GMT

Thanks gingerflower!

So when I opened the account, I transferred some money into the savings and then had to set up a checking. How long does that typically take to process in order to set up the CLOC?

Re: Navy Federal Question

Anonymous — Wed, 20 May 2015 17:15:45 GMT

Anywhere from 5-10 days.

If instant approval, they mail you something that requires your signature and then faxing back to them before it's active. Once they receive the documents, it's usually 1 business day before they set up the CLOC.

If not instant approval, they manually review and then either deny, approve, or (more typically) ask for documents proving income. I had to submit my 2014 tax returns through SM.

The LOC showed up on my accounts about 12 days after my application due to the length of the back-and-forth.