topic Re: DCU? in Credit Cards

DCU?

RockinRay — Sun, 15 Jan 2012 15:44:52 GMT

I am wondering what you all think of this CU for the EQ Score? I am considering joining. How are their credit cards etc... Just looking for some feedback here. Thanks!

Re: DCU?

CS800 — Sun, 15 Jan 2012 15:52:02 GMT

I have an account with them since they are local here in MA...

The EQ is the same one you get with myfico and you get it at the end of the month. The CC's are not that great. I had their Visa that I closed. In terms of car loans etc, USAA, Penfed beats them hands down. I just maintain an account with them for the Free EQ FICO.

I have had most of my car loans with them in the past and they used to be very competitive when they were new here. I checked them before trying to refi my car but they didnt come close. Personally I think their customer service has lost it's usefulness. But again cant beat the free fico.

Re: DCU?

RockinRay — Sun, 15 Jan 2012 15:54:07 GMT

@CS800 wrote:
I have an account with them since they are local here in MA...

The EQ is the same one you get with myfico and you get it at the end of the month. The CC's are not that great. I had their Visa that I closed. In terms of car loans etc, USAA, Penfed beats them hands down. I just maintain an account with them for the Free EQ FICO.

I have had most of my car loans with them in the past and they used to be very competitive when they were new here. I checked them before trying to refi my car but they didnt come close. Personally I think their customer service has lost it's usefulness. But again cant beat the free fico.

Thanks. I will most likely join through an association membership. In reading, it looks like I need to maintain checking with them am I right?

It would be nice to have that FICO score to round it all out for me. Only problem is taking the "hit" on EQ. I was not going to app for anything this year but this might be worth it. ???

Re: DCU?

Revelate — Sun, 15 Jan 2012 19:33:09 GMT

@RockinRay wrote:
@CS800 wrote:
I have an account with them since they are local here in MA...

Thanks. I will most likely join through an association membership. In reading, it looks like I need to maintain checking with them am I right?

It would be nice to have that FICO score to round it all out for me. Only problem is taking the "hit" on EQ. I was not going to app for anything this year but this might be worth it. ???

In your situation Ray I sort of doubt it: you're in a good spot regardless credit-wise from what I've read in your other posts.

That said, the scores are not "free" unless you qualify for one of their upgraded checking accounts by either:

- Having a loan through them, or a credit card with them

- Having direct deposit to your account (probably some minimum amount but I didn't ask).

- Paying a 5 dollar fee per month.

In my case in building mode, since I've had a checking account with them for the last decade (that I forgot about, oopsie), and that I need another secured card anyway, I'll just open it with them instead of USAA like I'd originally planned. That gets me the freebie scores, and I'll almost certainly put them on my list of applications for my auto-loan re-financing this year (interestingly enough, CS800 called out my list exactly - USAA / Penfed / DCU as potential lenders).

If your employer does direct deposit, if you can split a portion out to the DCU account to cover whatever their minimum stake is, that probably suffices. I know BOA's is something like $250 per month if you look at one of their bonus checking tiers, that's probably the high-water mark for such things knowing BOA.

Re: DCU?

Anonymous — Sun, 15 Jan 2012 20:03:09 GMT

My membership expired and I'm tempted to reapply for a checking account. Do you recall if there was a hard pull for non loan products?

Re: DCU?

CS800 — Sun, 15 Jan 2012 20:20:26 GMT

@RockinRay wrote:
Thanks. I will most likely join through an association membership. In reading, it looks like I need to maintain checking with them am I right?

It would be nice to have that FICO score to round it all out for me. Only problem is taking the "hit" on EQ. I was not going to app for anything this year but this might be worth it. ???

I have a checking with them and a VISA. But i have had my accoutn with them for over 8 years. I dont remember if you only needed checking to get a score.

You will take the initial hit but then they will use the same HP for any credit product. I remember back then ,I did checking, car loan and VISA at the same time with 1 inq since on their membership application, they list if you want a VISA.

Re: DCU?

CS800 — Sun, 15 Jan 2012 20:22:14 GMT

@Anonymous wrote:
My membership expired and I'm tempted to reapply for a checking account. Do you recall if there was a hard pull for non loan products?

I think if you were to become a member again, it will be a HP.

Re: DCU?

CS800 — Sun, 15 Jan 2012 20:22:27 GMT

Also just to point out. They do use the Chex system also to check if you owe anything else to other institutions.

Re: DCU?

laz98 — Sun, 15 Jan 2012 21:37:46 GMT

@Revelate wrote:

That said, the scores are not "free" unless you qualify for one of their upgraded checking accounts by either:

- Having a loan through them, or a credit card with them
- Having direct deposit to your account (probably some minimum amount but I didn't ask).
- Paying a 5 dollar fee per month.

I remember reading this when I first signed us up with them, but I'm not paying anything to them, & we don't have any direct deposits to them. Savings only.

Re: DCU?

RockinRay — Mon, 16 Jan 2012 17:27:43 GMT

Hey thanks for all of the great feedback!

I think I will leave well enough alone and pass on this for now.

Re: DCU?

Datx — Mon, 16 Jan 2012 17:34:23 GMT

@Anonymous wrote:
My membership expired and I'm tempted to reapply for a checking account. Do you recall if there was a hard pull for non loan products?

If you don't mind, can you give more info on this please. Like most CUs, I thought once you're a member, you're always a member. Do they kick you out if your savings or checkings accounts go dormant?

Re: DCU?

CS800 — Mon, 16 Jan 2012 17:33:58 GMT

@RockinRay wrote:
Hey thanks for all of the great feedback!

I think I will leave well enough alone and pass on this for now.

Not willing to take the inq? I dont blame you

Re: DCU?

Anonymous — Mon, 16 Jan 2012 17:57:24 GMT

@Datx wrote:
@Anonymous wrote:
My membership expired and I'm tempted to reapply for a checking account. Do you recall if there was a hard pull for non loan products?
If you don't mind, can you give more info on this please. Like most CUs, I thought once you're a member, you're always a member. Do they kick you out if your savings or checkings accounts go dormant?

I was previously a member (7ish years ago when I lived in MA)... I found my membership card a few days ago and called to inquire, and they said my account was no longer active and I would have to re-apply (and still meet current eligibility).

Re: DCU?

Datx — Mon, 16 Jan 2012 18:30:47 GMT

@Anonymous wrote:
@Datx wrote:
@Anonymous wrote:
My membership expired and I'm tempted to reapply for a checking account. Do you recall if there was a hard pull for non loan products?
If you don't mind, can you give more info on this please. Like most CUs, I thought once you're a member, you're always a member. Do they kick you out if your savings or checkings accounts go dormant?
I was previously a member (7ish years ago when I lived in MA)... I found my membership card a few days ago and called to inquire, and they said my account was no longer active and I would have to re-apply (and still meet current eligibility).

Ahh, that sucks.

Re: DCU?

Revelate — Mon, 16 Jan 2012 18:43:31 GMT

@Anonymous wrote:
@Datx wrote:
@Anonymous wrote:
My membership expired and I'm tempted to reapply for a checking account. Do you recall if there was a hard pull for non loan products?
If you don't mind, can you give more info on this please. Like most CUs, I thought once you're a member, you're always a member. Do they kick you out if your savings or checkings accounts go dormant?
I was previously a member (7ish years ago when I lived in MA)... I found my membership card a few days ago and called to inquire, and they said my account was no longer active and I would have to re-apply (and still meet current eligibility).

Hrm not sure: I called them the other day about my old account (from back in 2000-2001) and they were happy to reactivate it though it was in a "dormant" state... probably because there was still cash in it and they didn't want to write that deposit out. I haven't checked to see if there was an additional pull.

Re: DCU?

RockinRay — Mon, 16 Jan 2012 18:47:20 GMT

@CS800 wrote:
@RockinRay wrote:
Hey thanks for all of the great feedback!

I think I will leave well enough alone and pass on this for now.
Not willing to take the inq? I dont blame you

Just does not seem worth it right now. And, I do not want or need the hit!

Re: DCU?

Anonymous — Mon, 16 Jan 2012 18:54:15 GMT

That could be the difference... Mine just had the bare-minimum membership share deposit in it.. Who knows, they probably sent it back to me years ago and I forgot about it! :-)

Re: DCU?

RockinRay — Sat, 26 Jan 2013 17:40:05 GMT

I went ahead and joined this morning. Was approved for membership, no problem.

Once the paperwork arrives and I can get online, I will see if they have any preapprovals for me and make sure I get set up for the FICO score.

Re: DCU?

chnceit — Sat, 26 Jan 2013 17:45:46 GMT

@RockinRay wrote:
I went ahead and joined this morning. Was approved for membership, no problem.

Once the paperwork arrives and I can get online, I will see if they have any preapprovals for me and make sure I get set up for the FICO score.

I read on here that some members get their credit pulled twice. One for membership and another for credit products if you apply for membership first

Re: DCU?

racer-x — Sat, 26 Jan 2013 18:22:04 GMT

I was instantly approved online for their VISA, then went through the membership process and I was pulled agaiin.

It didn't work for me as far as apping lst then membership, and I'm not so sure that it ever did.