topic Re: Experience with UFCU in TX? in Credit Cards

Experience with UFCU in TX?

pattycake — Fri, 31 Jul 2009 21:10:01 GMT

I've been a member there for three years - just wondering if ya'll could share your CC experiences with them. They base their APRs on your credit scores (740+ gets the lowest), so I'd get a 9.9%, but I want to know if they give generous CLs. I don't qualify for NFCU, and can't seem to talk my sister and bro in law into joining, so please don't suggest that as an option.

Thank you!!!

Re: Experience with UFCU in TX?

FocusOnFICO — Fri, 31 Jul 2009 21:31:48 GMT

I'm not in the area, but it looks to have a good rate (6.9) and others can join (not in TX) with a $20 donation. I spoke to CS to ask about membership (although I'm done with my spree) and the person was really nice (good signt). Another good alternative along with Addison.

Re: Experience with UFCU in TX?

pattycake — Fri, 31 Jul 2009 21:53:46 GMT

They are great to work with for a car loan, and they are very responsive. But I don't have experience with them for a CC. I don't want to waste the INQ if their CLs are tiny.

Re: Experience with UFCU in TX?

FocusOnFICO — Fri, 31 Jul 2009 23:10:36 GMT

I doubt they'll come up on whogavemecredit.com, but if you qualify for the 9.9, I would doubt the cls would be tiny.

Re: Experience with UFCU in TX?

Anonymous — Sat, 01 Aug 2009 12:26:09 GMT

Hey,

I have been with UFCU for almost 2 years now and they have been really good to me. I have refinance auto loans with them starting at 7.4%. Then back in march 2009 i requested for a lower APR and yes they approved to reduced it down to 5.95%. I was happy for that..

I also have a credit card with them started with $3K limit, then i increased to $4k, then $6.5k, then now at $10k. The CC APR now at 9.9%, initially 11.9%. They say to get 6.9% you need a credit score of 740 or better and I'm working on that. I'm almost there, maybe I am there already.

So far so good, they are pretty cool, the best Credit Union I ever joined. I also have join Texas Tech FCU but rarely used their services..

Re: Experience with UFCU in TX?

pattycake — Sat, 01 Aug 2009 13:28:47 GMT

@Anonymous wrote:
Hey,
I have been with UFCU for almost 2 years now and they have been really good to me. I have refinance auto loans with them starting at 7.4%. Then back in march 2009 i requested for a lower APR and yes they approved to reduced it down to 5.95%. I was happy for that..
I also have a credit card with them started with $3K limit, then i increased to $4k, then $6.5k, then now at $10k. The CC APR now at 9.9%, initially 11.9%. They say to get 6.9% you need a credit score of 740 or better and I'm working on that. I'm almost there, maybe I am there already.
So far so good, they are pretty cool, the best Credit Union I ever joined. I also have join Texas Tech FCU but rarely used their services..

What were your scores when you got the $3K limit? I've got a 10K with PenFed and with Citi, plus others. They have my car loan at 4.95%.

Re: Experience with UFCU in TX?

Anonymous — Sat, 01 Aug 2009 13:32:44 GMT

I may tell my daughter about this CU.

Which CR do they pull?

Re: Experience with UFCU in TX?

pattycake — Sat, 01 Aug 2009 13:36:27 GMT

@Anonymous wrote:
I may tell my daughter about this CU.

Which CR do they pull?

They pulled EQ in Arizona. They give great customer service, and they are available 24/7. I've had cars financed through them for almost four years. UFCU.org.

Re: Experience with UFCU in TX?

mt2va — Sat, 01 Aug 2009 13:42:11 GMT

Thanks for the info as I've been looking for maybe a 2nd CU to add onto my NFCU membership.

Can you tell me where you found the info about what rate you would pay for what FICO score? I see the loan rates talk about excellent, good, fair, etc credit but I can't find what scores fit into each category.

Message Edited by mt2va on 08-01-2009 06:42 AM

Re: Experience with UFCU in TX?

pattycake — Sat, 01 Aug 2009 13:40:42 GMT

If you rest your mouse above the explanations, it will give a description. When I called, the CSR told me that 740 or above is excellent credit, 680+ is good credit, and anything below 680 falls into the other ranges. They refi'd my 17.5% car loan to 11.5% a few years ago, then dropped me to 4.95% in 2008.

Re: Experience with UFCU in TX?

Anonymous — Sat, 01 Aug 2009 13:41:35 GMT

@mt2va wrote:
Thanks for the info as I've been looking for maybe a 2nd CU to add onto my NFCU membership.

Can you tell me where you found the info about what rate you would pay for what FICO score? I see the loan rates talk about excellent, good, fair, etc credit but I can't find what scores fit into each category.

ETA There fees are very reasonable re: no cash advance fee on CC, no over limit fee, cash is treated the same as purchases etc
Message Edited by mt2va on 08-01-2009 06:40 AM

pattycake said they pulled EQ.

CU's generally do not pull different by region, especially if they are a local or regional CU. So if they pulled EQ for pattycake in Arizona, I'm betting they pull EQ for everyone and are just like Alliant/PenFed/NFCU/USAA....EQ'ers.

Re: Experience with UFCU in TX?

mt2va — Sat, 01 Aug 2009 13:45:42 GMT

Okay so who else is going to take the plunge??

Also anyone know if I'm more or less likely to be approved for a card if I do a balance transfer?

Message Edited by mt2va on 08-01-2009 06:45 AM

Re: Experience with UFCU in TX?

pattycake — Sat, 01 Aug 2009 13:49:03 GMT

They don't offer any special rates for balance transfer, unless I missed it. I think I'm going to call them since I have a relationship already. I've only got one INQ on EQ - for PenFed last week - so I'm going to give it a shot.

Re: Experience with UFCU in TX?

Anonymous — Sat, 01 Aug 2009 13:50:26 GMT

I'm all CU'd out for now.

But I am telling my daughter about this one.

I checked their website, and it appears that online applications to join are unavailable and you are instructed to contact them.

You need to join one of their 2 association FOM, if you don't otherwise qual.

Let us know what your experience is like.

Re: Experience with UFCU in TX?

pattycake — Sat, 01 Aug 2009 13:51:57 GMT

Yeah, I think I joined one of their UT-Austin booster clubs or something like that, but they take apps over the phone 24/7. So anyone can join, like PenFed or NASA.

Re: Experience with UFCU in TX?

mt2va — Sat, 01 Aug 2009 13:58:04 GMT

For me personally I'm going to wait a little longer to join/app. I want to let my 4 new CC age a bit so that when it comes time to pull my CR they can see that I'm handling my new credit well. Also, my car re-fi was completed but currently both loans (old & new) are still reporting as open so until that gets resolved my guess would be they will think I've got too many credit obligations each month.

I'll just keep checking back to see what people post about them. Based on them clearly offering credit on their website based on your score they sound more like NFCU as far as those of us with scores south of sterling.

Reading over the descriptions as far as length of history etc I fit under execellent but am more over to the fair side regarding past delinquencies etc

Re: Experience with UFCU in TX?

Anonymous — Sat, 01 Aug 2009 14:00:37 GMT

If you don't plan to apply right away, you might as well apply for membership now. This way you have some "membership" age and your inquries will all be aged together (closer toward not counting and falling off).

Membership pulls usually are not related to credit pulls (except in rare cases like Alliant where they will use same within 30 days for all loans).

So I suggest joining now, then if you decide to app for credit in 6 months, you have that time in membership working for you, IMO

Re: Experience with UFCU in TX?

mt2va — Sat, 01 Aug 2009 14:04:11 GMT

Thanks for the suggestion. I think I will do that & just throw a small amount in the savings account each month. That's what I did with NFCU & they approved me for 2 CC & auto re-fi with me having all of maybe $125 with them LOL

Re: Experience with UFCU in TX?

score_building — Sat, 01 Aug 2009 14:21:31 GMT

v. nice apr reductions, i think pen fed offers a low (3.99? rate) for future reference.

pattycake wrote:
If you rest your mouse above the explanations, it will give a description. When I called, the CSR told me that 740 or above is excellent credit, 680+ is good credit, and anything below 680 falls into the other ranges. They refi'd my 17.5% car loan to 11.5% a few years ago, then dropped me to 4.95% in 2008.

Re: Experience with UFCU in TX?

pattycake — Sat, 01 Aug 2009 14:49:55 GMT

I just app'd and got approved for the 6.9% rate for $10K, and have to show proof of income. I'll forward them my invoices and will have the app finalized in the next day or so!!!

I love this CU.