topic Re: Municipal Credit Union...Love love love in Credit Cards

Municipal Credit Union...Love love love

Anonymous — Sat, 16 Jan 2010 14:39:06 GMT

I love credit unions because i opened a savings account with MCU and applied for a credit card with them as well i applied for the platinum visa and requested a $10,000 limit but because of my experian score of 623... they counter offered the classic visa with a $5,000 limit instead...WTF . I love credit unions now . Most credit unions pull equifax but MCU in New York pulls Experian. as of 01/12/10 my TU 684 EQ 733 EX 623.I believe because of my overall profile is why they approved it. last derog item was 08/08. late payment on student loan which is closed and paid in full now.

Credit summary:

BofA $7500

Sear MC $5000

Barclay $8000

target visa $1000

Amazon store card $1300

my card utilization reports at around 1-5% every month

Cap one Auto finance orig bal $30,000 current bal 29,620 bal new loan account opened 12/09

I have over 10 closed stater cards with limits $1500 and under.

Message Edited by Achase on 01-16-2010 06:39 AM

Re: Municipal Credit Union...Love love love

Jazzzy — Sat, 16 Jan 2010 20:01:22 GMT

@Anonymous wrote:
I love credit unions because i opened a savings account with MCU and applied for a credit card with them as well i applied for the platinum visa and requested a $10,000 limit but because of my experian score of 623... they counter offered the classic visa with a $5,000 limit instead...WTF . I love credit unions now . Most credit unions pull equifax but MCU in New York pulls Experian. as of 01/12/10 my TU 684 EQ 733 EX 623.I believe because of my overall profile is why they approved it. last derog item was 08/08. late payment on student loan which is closed and paid in full now.

Credit summary:

BofA $7500
Sear MC $5000
Barclay $8000
target visa $1000
Amazon store card $1300

my card utilization reports at around 1-5% every month

Cap one Auto finance orig bal $30,000 current bal 29,620 bal new loan account opened 12/09

I have over 10 closed stater cards with limits $1500 and under.

Hi Achase...looks as if you've done a lot of building since you had your starter cards. Good job! And great job on your utilization.

Couple of questions...

Where did you get your Experian score? Is it a true FICO score? Did you get it from MCU?

Also, is there a reason you didn't get your auto loan from your credit union? I understand that they can give pretty good deals.

Re: Municipal Credit Union...Love love love

Anonymous — Sat, 16 Jan 2010 20:28:34 GMT

i got the experian score from the loan proccesor at Municipal credit union. the only reason i did not go with them for the loan was beacuse the offered me

a 9% rate and Cap One offered me the same rateplus i already had the cap one blank check in my hand. but once my relationship with MCU

grows or my experian credit score gets better im going to try and refinance the loan hoping to get that 5% auto loan rate...lol

Re: Municipal Credit Union...Love love love

Jazzzy — Sat, 16 Jan 2010 20:34:23 GMT

@Anonymous wrote:
i got the experian score from the loan proccesor at Municipal credit union. the only reason i did not go with them for the loan was beacuse the offered me

a 9% rate and Cap One offered me the same rateplus i already had the cap one blank check in my hand. but once my relationship with MCU

grows or my experian credit score gets better im going to try and refinance the loan hoping to get that 5% auto loan rate...lol

I knew there had to be a reason. Don't often see someone choose Capital One over their own credit union. You'll probably be able to refi at some point. We got 3.99% on used from PenFed in November. Just keep doing things right and watching the offers.

Re: Municipal Credit Union...Love love love

Anonymous — Wed, 07 Aug 2013 06:19:13 GMT

Anybody else have luck with MCU

Re: Municipal Credit Union...Love love love

kevinjjc — Wed, 07 Aug 2013 10:43:23 GMT

*** OLD THREAD ALERT ***

Re: Municipal Credit Union...Love love love

Rain77 — Wed, 07 Aug 2013 12:01:16 GMT

drcc2013 wrote:
Anybody else have luck with MCU
Yes and no. I was declined 2x for visa - EX score was in the high 500's, low 600's 1st time, 2nd time mid 600's. I do have some baddies. They did approve my auto re-fi at 7%, but I want lower rate, so I didn't take it. My suggestion, is see if you are eligible for SEFCU - State Employees Federal Credit Union. They pull EQ, which is my better report. I just got approved for 5K Visa.

Re: Municipal Credit Union...Love love love

Anonymous — Thu, 08 Aug 2013 19:07:32 GMT

Thank you....but my EX scores are better think I will try MCU........still searching and hoping for a way into NFCU...lol

Re: Municipal Credit Union...Love love love

Anonymous — Fri, 09 Aug 2013 01:30:59 GMT

MCU has great auto loan rates!!! I just bought my car through them, 44K loan at 4.35%, BMW countered with 4% but I stuck with MCU cos they had proven loyal to me in the past plus I want to get a mortgage loan with them in the future ; they also offered disabilty coverage payments for $50/month which I took bcos in my personal case had been out of work 9 out of the past 24 months on disability, it'll have been nice if I had that feature on my past auto loan, wld have saved me $556/month!!! paying that car note while I was out of work!

they offered me a classic visa with my loan, it was a preapproval $500 limit which I accepted cos it allowed me to add my DH as an au (he just moved to the states and has no credit) now I wonder if I could have asked for a higher limit! I'll call them in the morning and see if I could get a CLI without a HP! Do you think that's a good idea or not?

Re: Municipal Credit Union...Love love love

Anonymous — Fri, 09 Aug 2013 09:55:44 GMT

now I wonder if I could have asked for a higher limit! I'll call them in the morning and see if I could get a CLI without a HP! Do you think that's a good idea or not?

I would ask for a CLI with my other cards first as long as its a SP than ask for a similar limit from MCU

Re: Municipal Credit Union...Love love love

Anonymous — Fri, 09 Aug 2013 12:15:22 GMT

@Anonymous wrote:
now I wonder if I could have asked for a higher limit! I'll call them in the morning and see if I could get a CLI without a HP! Do you think that's a good idea or not?

I would ask for a CLI with my other cards first as long as its a SP than ask for a similar limit from MCU

why other cards first than MCU. other cards are newer than MCU, MCU and chase freedom are from march