topic Re: DCU question(s) in Auto Loans

DCU question(s)

2Hearts1Love — Tue, 18 Mar 2014 00:31:34 GMT

Not sure where I should post this.
I live in IL and would like to know if DCU approves memberships if u don't live in their Membership Community or State? Just a little curious as to how to get approved for a checking acct & auto loan since I live in IL.
(No I don't know anyone that is a member).

Re: DCU question(s)

reckedhim — Tue, 18 Mar 2014 00:39:46 GMT

Yes, you can get approved if you don't live in MA. I live in Wisconsin and was approved for an auto loan within the last week at 1.24% which is pretty unbeatable.

I forget how to sign up for a checking/savings account since I did it awhile ago. However, I remember it was pretty easy. Their customer service seems to be very friendly so you should call them if you have any questions.

Re: DCU question(s)

2Hearts1Love — Tue, 18 Mar 2014 00:43:02 GMT

Cool!! Thanx neighbor!!😁

Re: DCU question(s)

wreith — Tue, 18 Mar 2014 02:44:25 GMT

@2Hearts1Love wrote:
Not sure where I should post this.
I live in IL and would like to know if DCU approves memberships if u don't live in their Membership Community or State? Just a little curious as to how to get approved for a checking acct & auto loan since I live in IL.
(No I don't know anyone that is a member).

I'm from IL and I just joined them. Go to their page, click open savings or checking account. I did savings. You'll have the option of donating to one of their organization's. It'll be a HP to join. I did the $15.00 donation and $5.00 funding of the savings account. I had to email them a copy of my DL and my S.S. card. Hope this helps.

Re: DCU question(s)

black_citi — Tue, 18 Mar 2014 13:45:57 GMT

I live in Chicago and opened a savings with them last week. I also refinanced my car with them at 6.5% from 13%. Its easy to join. I am thinking of opening a checking with them. I currentely bank with Chase. Ive been with Chase for about 7 years but I think its time for me to move on. I've been blacklisted with chase so I cant do any loans or CC with them and i dont care. All i have is checking and savings with chase.

Give DCU a call. They can definitely help you.

Re: DCU question(s)

Anonymous — Tue, 18 Mar 2014 16:23:37 GMT

I live in California and was approved for an auto refinance and a credit card last week. I did apply for membership first and it took about a week to process after emailing and faxing SS card & drivers license. To get approved for the re-fi & cc I had to email pay stubs but both applications only took about a day to process and my old auto loan has already been paid off.

Re: DCU question(s)

2Hearts1Love — Tue, 18 Mar 2014 17:10:39 GMT

Thanx, u guys are so helpful. Im definitley gonna give them a call...fingers crossed😁

Re: DCU question(s)

goldengopher1991 — Wed, 14 May 2014 01:54:11 GMT

I just got approved for an auto loan with DCU, but based on their membership criteria it doesnt look like I can get membership... and on my auto loan approval form it says:

YOU MUST BECOME A DCU MEMBER, OPEN YOUR ACCOUNT TODAY AT DCU.ORG;

A PURCHASE AND SALES AGREEMENT FROM THE DEALER;

Does this mean I can't get my financing with them then? Or do I just open a checking account with them and I'll be okay?

Re: DCU question(s)

Remember0 — Wed, 14 May 2014 03:26:45 GMT

Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html

Re: DCU question(s)

goldengopher1991 — Wed, 14 May 2014 03:48:47 GMT

@Remember0 wrote:
Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html

So do I need to join this Reach Out for Schools first then apply for DCU Membership?

Re: DCU question(s)

09Lexie — Wed, 14 May 2014 05:07:02 GMT

@goldengopher1991 wrote:
@Remember0 wrote:
Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html
So do I need to join this Reach Out for Schools first then apply for DCU Membership?

You can do it at the same time you app online.

Yes, membership is required to receive any of their credit/loan programs.

Re: DCU question(s)

goldengopher1991 — Thu, 15 May 2014 01:12:55 GMT

@09Lexie wrote:
@goldengopher1991 wrote:
@Remember0 wrote:
Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html
So do I need to join this Reach Out for Schools first then apply for DCU Membership?
You can do it at the same time you app online.
Yes, membership is required to receive any of their credit/loan programs.

Thanks Lexie for your help! I just apped for the savings membership and it says to wait a day for a rep to get back to me to complete my membership. Probably going to ask for my SS card or DL I guess?

One last question - I really only signed up to take advantage of the 1.24% APR for my auto loan, but I'll need to sign up for direct deposit of my net pay otherwise my APR is 1.74%. I called in today and asked if I can just do a partial deposit, like say $500 a month of my salary to pay off my auto loan each month. But they said no, it has to be my net pay.

Would there be any problems if I just went ahead and signed up for direct deposit with DCU but transfer my money over to my own bank each week I'm paid? Is there an option where I can do a money transfer to another bank without incurring any charges?

thanks!!!

Re: DCU question(s)

09Lexie — Thu, 15 May 2014 01:35:04 GMT

@goldengopher1991 wrote:
@09Lexie wrote:
@goldengopher1991 wrote:
@Remember0 wrote:
Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html
So do I need to join this Reach Out for Schools first then apply for DCU Membership?
You can do it at the same time you app online.
Yes, membership is required to receive any of their credit/loan programs.
Thanks Lexie for your help! I just apped for the savings membership and it says to wait a day for a rep to get back to me to complete my membership. Probably going to ask for my SS card or DL I guess?

One last question - I really only signed up to take advantage of the 1.24% APR for my auto loan, but I'll need to sign up for direct deposit of my net pay otherwise my APR is 1.74%. I called in today and asked if I can just do a partial deposit, like say $500 a month of my salary to pay off my auto loan each month. But they said no, it has to be my net pay.

Would there be any problems if I just went ahead and signed up for direct deposit with DCU but transfer my money over to my own bank each week I'm paid? Is there an option where I can do a money transfer to another bank without incurring any charges?

thanks!!!

If they ask for a copy if your DL, make sure you send color copies. Regarding direct deposit, this is from their website:

If you transfer at least $500 per month into your DCU checking account using this method, you'll qualify for the DCU Direct Deposit Benefits. You have the option to send money to DCU weekly, biweekly, or monthly. You must submit a completed Authorization and Agreement for Preauthorized Payments form in order for recurring transfers to begin.

Re: DCU question(s)

goldengopher1991 — Thu, 15 May 2014 01:49:50 GMT

@09Lexie wrote:
@goldengopher1991 wrote:
@09Lexie wrote:
@goldengopher1991 wrote:
@Remember0 wrote:
Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html
So do I need to join this Reach Out for Schools first then apply for DCU Membership?
You can do it at the same time you app online.
Yes, membership is required to receive any of their credit/loan programs.
Thanks Lexie for your help! I just apped for the savings membership and it says to wait a day for a rep to get back to me to complete my membership. Probably going to ask for my SS card or DL I guess?

One last question - I really only signed up to take advantage of the 1.24% APR for my auto loan, but I'll need to sign up for direct deposit of my net pay otherwise my APR is 1.74%. I called in today and asked if I can just do a partial deposit, like say $500 a month of my salary to pay off my auto loan each month. But they said no, it has to be my net pay.

Would there be any problems if I just went ahead and signed up for direct deposit with DCU but transfer my money over to my own bank each week I'm paid? Is there an option where I can do a money transfer to another bank without incurring any charges?

thanks!!!
If they ask for a copy if your DL, make sure you send color copies. Regarding direct deposit, this is from their website:

If you transfer at least $500 per month into your DCU checking account using this method, you'll qualify for the DCU Direct Deposit Benefits. You have the option to send money to DCU weekly, biweekly, or monthly. You must submit a completed Authorization and Agreement for Preauthorized Payments form in order for recurring transfers to begin.

Yup, will scan color copies of DL tomorrow.

I didn't realize I needed to open a checking account to take advantage of the 0.50% APR discount.. I only opened a savings account will opening a checking account after my membership is processed and confirmed result in another HP?

Re: DCU question(s)

09Lexie — Thu, 15 May 2014 02:01:01 GMT

@goldengopher1991 wrote:
@09Lexie wrote:
@goldengopher1991 wrote:
@09Lexie wrote:
@goldengopher1991 wrote:
@Remember0 wrote:
Anybody can join by donating $10 as long as they are in one of the 50 states (+DC I assume):

https://www.dcu.org/infodesk/membership/participating-organizations.html
So do I need to join this Reach Out for Schools first then apply for DCU Membership?
You can do it at the same time you app online.
Yes, membership is required to receive any of their credit/loan programs.
Thanks Lexie for your help! I just apped for the savings membership and it says to wait a day for a rep to get back to me to complete my membership. Probably going to ask for my SS card or DL I guess?

One last question - I really only signed up to take advantage of the 1.24% APR for my auto loan, but I'll need to sign up for direct deposit of my net pay otherwise my APR is 1.74%. I called in today and asked if I can just do a partial deposit, like say $500 a month of my salary to pay off my auto loan each month. But they said no, it has to be my net pay.

Would there be any problems if I just went ahead and signed up for direct deposit with DCU but transfer my money over to my own bank each week I'm paid? Is there an option where I can do a money transfer to another bank without incurring any charges?

thanks!!!
If they ask for a copy if your DL, make sure you send color copies. Regarding direct deposit, this is from their website:

If you transfer at least $500 per month into your DCU checking account using this method, you'll qualify for the DCU Direct Deposit Benefits. You have the option to send money to DCU weekly, biweekly, or monthly. You must submit a completed Authorization and Agreement for Preauthorized Payments form in order for recurring transfers to begin.

Yup, will scan color copies of DL tomorrow.

I didn't realize I needed to open a checking account to take advantage of the 0.50% APR discount.. I only opened a savings account will opening a checking account after my membership is processed and confirmed result in another HP?

It shouldnt but I would ask