topic Re: DCU in Auto Loans

DCU

bsal — Wed, 20 Jan 2016 01:21:40 GMT

Hello group is anyone a member with DCU credit union and if so how are they ? I was told they have great rates maybe even better than Navy Federal. I would love to try to get an auto loan with the rates they claim to be offering 1.99% on all cars 730 and above fico scores

Re: DCU

cartwrna — Wed, 20 Jan 2016 02:13:12 GMT

I have an auto loan with them, had 2 up until June when I traded one of them. I am at 1.49% rate (got reduction of .5% for direct deposit to them). I have had my loans since February 2015. To qualify for best rate you only need a score of 675. They use EQ04 for products which is known as a mortgage score. I have had no issues with them.

Re: DCU

Anonymous — Wed, 20 Jan 2016 03:25:27 GMT

I'm happy with them. Got 2.7%, lower than anywhere else I rate shopped. No complaints here.

Re: DCU

bsal — Wed, 20 Jan 2016 05:13:44 GMT

Thank you all for responding I look forward to trying them out however I am a little confused when you say they use EQSCORE 4 mortgage but I don't see an equifax score 4 they only have score 5 mortgage, the only score 4 I see is Transunion mortgage am I reading something wrong and if so can someone explain this to me I don't see an equifax score 4 mortgage lendimg

Re: DCU

cartwrna — Wed, 20 Jan 2016 06:06:36 GMT

EQ04 is what it is. Should be under commonly used mortgage scores on the 3b report.

Re: DCU

bsal — Wed, 20 Jan 2016 13:08:56 GMT

Yea I have 3b scoring as well and under commonly use mortgage lending it says equifax score 5, Transunion score 4 and experian score 2, so how is it you see an equifax score 4 when under that tab it's saying score 5 ? I'm sorry if I'm confusing anyone I'm just trying to understand myself because this is not the first time I seen someone say this. I just need a little clarity thanks

Re: DCU

cartwrna — Wed, 20 Jan 2016 14:03:55 GMT

I no longer have the 3b, but it was there when I did. Let me take a look at my mortgage paperwork and see which version they pulled. I have used 2 companies, one a big company and now with a credit union and know they pulled same version. I also receive my credit score from DCU monthly and looking at that it says version EQ04.

Re: DCU

cartwrna — Wed, 20 Jan 2016 14:05:44 GMT

I misspoke, sorry for the misinformation. It is the EQ05 looking at my DCU emails! Hope that corrects the confusion

Re: DCU

cp94550 — Thu, 21 Jan 2016 17:02:00 GMT

@cartwrna wrote:
I misspoke, sorry for the misinformation. It is the EQ05 looking at my DCU emails! Hope that corrects the confusion

Bummer. My EQ5 is my lowest score, about 40-50 below the rest and the auto score.

Re: DCU

Luscher — Thu, 21 Jan 2016 20:44:03 GMT

they are the best. Got a 1.49% rate

Re: DCU

Anonymous — Wed, 02 Mar 2016 23:39:15 GMT

I love DCU, free fico score, and their mobile app is awesome. Started with secure card that I got with very low credit score 2 years ago and now I have a unsecured card with a few thousand dollars and my deposit back as well

Re: DCU

Anonymous — Fri, 08 Sep 2017 20:27:00 GMT

Do they want specifically EQ Auto 05 scores or just Fic0 5 EQ period? Im approcahing 700 and ready to pull plug almost.

Re: DCU

bigpoppa09 — Sat, 09 Sep 2017 02:12:57 GMT

@Anonymous wrote:
Do they want specifically EQ Auto 05 scores or just Fic0 5 EQ period? Im approcahing 700 and ready to pull plug almost.

Just EQ O5 Mortgage score non auto score.

Re: DCU

Anonymous — Sat, 09 Sep 2017 02:32:54 GMT

Thanks BP depending on my scores I may have to go with DCU instead of penfed because my fico 9's are terrible lol

Re: DCU

bigpoppa09 — Sat, 09 Sep 2017 02:43:35 GMT

@Anonymous wrote:
Thanks BP depending on my scores I may have to go with DCU instead of penfed because my fico 9's are terrible lol

Goodluck.

Re: DCU

Anonymous — Sat, 09 Sep 2017 03:40:14 GMT

Hey would you happen to know DCU's minimum for membership? I'm sure auto loans vary based on amount of loan and rates but as far as just getting in what's minimum threshold?

Re: DCU

bigpoppa09 — Sat, 09 Sep 2017 04:11:11 GMT

I would assume 580-600 for membership

Re: DCU

Anonymous — Sat, 09 Sep 2017 04:18:45 GMT

Oh Ok that's easy! Ok I'll research this forum. Thanks sorry for questions!