topic Re: Joining NFCU in Credit Cards

Joining NFCU

CreditExpressNJ — Mon, 14 Apr 2014 21:40:17 GMT

Anyone know of any backdoor ways into NFCU it seems all possible choices for me are not qualified most of my family was in the military but they are Veterans no retirees... I would have even went to the extent of renting a room with someone thats in the military or affiliation but thats not exactly doable either since i dont know anyone so does anyone know any possible backdoors?

Re: Joining NFCU

JKSIMMONS — Mon, 14 Apr 2014 22:55:29 GMT

@shaun2009 wrote:
Anyone know of any backdoor ways into NFCU it seems all possible choices for me are not qualified most of my family was in the military but they are Veterans no retirees... I would have even went to the extent of renting a room with someone thats in the military or affiliation but thats not exactly doable either since i dont know anyone so does anyone know any possible backdoors?

Edited-PM Sent

LOL, I don't have a back way in. Sorry to disappoint guys

Re: Joining NFCU

Anonymous — Mon, 14 Apr 2014 22:44:23 GMT

Can you PM me too, hwturner17? I am interested as well. Thanks!

Re: Joining NFCU

Sooners2013 — Tue, 15 Apr 2014 00:41:50 GMT

Marry someone that is a member or that qualifies.

Re: Joining NFCU

CreditExpressNJ — Tue, 15 Apr 2014 00:45:02 GMT

Haha no problem i'm gonna start asking every military woman i see to marry me to see if they say yes and then start a fight to get a divorce lmao....

Re: Joining NFCU

Swapmeet — Tue, 15 Apr 2014 01:43:31 GMT

@shaun2009 wrote:
Haha no problem i'm gonna start asking every military woman i see to marry me to see if they say yes and then start a fight to get a divorce lmao....

Me too bro. I have lots of veterans in my family, but no retirees. I really want into NFCU..... I think that asking every military woman to marry me is the only way. I am going to start offering an AU on my wally account to trade for sponsorship lol

Re: Joining NFCU

CreditExpressNJ — Tue, 15 Apr 2014 02:04:09 GMT

@swapmeet yea navy doesnt make it easy like everyone else lol almsot every other one has donate to this place adn get a membership here.... NOT NAVY arghhh

Re: Joining NFCU

kevinjjc — Tue, 15 Apr 2014 02:05:11 GMT

@shaun2009 wrote:
Anyone know of any backdoor ways into NFCU it seems all possible choices for me are not qualified most of my family was in the military but they are Veterans no retirees... I would have even went to the extent of renting a room with someone thats in the military or affiliation but thats not exactly doable either since i dont know anyone so does anyone know any possible backdoors?

Did any of your family members recently leave military service? If so, they might technically still be in the Individual Ready Reserve (IRR), which makes them eligible for membership.

Re: Joining NFCU

CreditExpressNJ — Tue, 15 Apr 2014 02:17:42 GMT

@kevinjjc wrote:
@shaun2009 wrote:
Anyone know of any backdoor ways into NFCU it seems all possible choices for me are not qualified most of my family was in the military but they are Veterans no retirees... I would have even went to the extent of renting a room with someone thats in the military or affiliation but thats not exactly doable either since i dont know anyone so does anyone know any possible backdoors?
Did any of your family members recently leave military service? If so, they might technically still be in the Individual Ready Reserve (IRR), which makes them eligible for membership.

How i wish these are trully trully vets like they are all 50+ and was in the military like younger lol...

Re: Joining NFCU

370Z — Tue, 15 Apr 2014 03:43:40 GMT

@Sooners2013 wrote:
Marry someone that is a member or that qualifies.

Or join the military. Their credit card offering is very unappealing though.

Re: Joining NFCU

j_casteel — Tue, 15 Apr 2014 03:46:18 GMT

If you don't qualify, then you don't qualify.

good luck

Re: Joining NFCU

Revelate — Tue, 15 Apr 2014 03:54:52 GMT

@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.

It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

Re: Joining NFCU

CreditExpressNJ — Tue, 15 Apr 2014 04:03:42 GMT

@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....So this is really a hit or miss with me because I've tried all other places for Personal Loans and none will do it once they hear what its for... Not sure why. I just know i will never put myself in this predictament again.... See long story short i traded an upside down car loan in for this car but at the sametime when i heard $656 i said no but the salesmen was good at what he does smoothed me over by breaking it down into daily prices which approx is $20 as he was saying to me and with all that conversation he made me convince myself that i wouldnt mind paying for this car..... Which in fact i did afterwards.....AND THEN ITS A LEASE .......AND NEXT ITS A FRICKEN 2013 HONDA ACCORD LX-S Coupe ..... Everytime i tell someone this story in person they say what you have a BMW, Mercedes, Porsche, Audi or something but then i have to say NO its a HONDA ACCORD and they look give me a blank stare..... and say WOW

Re: Joining NFCU

Revelate — Tue, 15 Apr 2014 04:07:30 GMT

@shaun2009 wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....

Yeah, I was replying to the other user specifically: NavCheck is one of those time-domain shortcuts that I was referring to.

Don't get me wrong, if I was qualified for NFCU I would immediably get membership, and this was especially true 2ish years ago now; however, I'm starting to get good options for other things and if I had a cash shortfall and was stuck in your position I'd likely just go the P2P lending route. Not certain I'd ever use their credit cards personally given the rewards structure with my current lineup but their other products are good.

What your doing sounds strange to me though, why not see if you can refinance the vehicle instead? Not certain it applies but a refinance essentially just funds the buyout and transfers the loan to another lender, can't see why someone wouldn't do the same for a lease buyout: you may need to float it on your credit cards but at that point you could almost assuredly refinance it away in a two step process akin to a title loan I suspect albeit with more paperwork than a straight refinance. I'd certainly ask the usual suspects about such an option if you haven't already.

Re: Joining NFCU

CreditExpressNJ — Tue, 15 Apr 2014 04:17:07 GMT

@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....
Yeah, I was replying to the other user specifically: NavCheck is one of those time-domain shortcuts that I was referring to.

Don't get me wrong, if I was qualified for NFCU I would immediably get membership, and this was especially true 2ish years ago now; however, I'm starting to get good options for other things and if I had a cash shortfall and was stuck in your position I'd likely just go the P2P lending route. Not certain I'd ever use their credit cards personally given the rewards structure with my current lineup but their other products are good.

What your doing sounds strange to me though, why not see if you can refinance the vehicle instead? Not certain it applies but a refinance essentially just funds the buyout and transfers the loan to another lender, can't see why someone wouldn't do the same for a lease buyout: you may need to float it on your credit cards but at that point you could almost assuredly refinance it away in a two step process akin to a title loan I suspect albeit with more paperwork than a straight refinance. I'd certainly ask the usual suspects about such an option if you haven't already.

Yea i wish that was so but the fact of it is that .... My car when i first brought it was $32K , Its aged a year and collected mileage but the buyout with the residual included is 29K they are only willing to give me 22K for the because thats the NADA of it right now thus leaving me having to make a down payment of $7K leases arent as easy as finances if you never been in one DONT EVER stay away from it like its a plege i wish i never did such a thing...I've actually tried everything even though i have no plans on defaulting on it and jsut trying to get myself out of the lease no banks will honor paying for a car at the value of when it was nearly new...

Re: Joining NFCU

Revelate — Tue, 15 Apr 2014 04:22:08 GMT

@shaun2009 wrote:
@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....
Yeah, I was replying to the other user specifically: NavCheck is one of those time-domain shortcuts that I was referring to.

Don't get me wrong, if I was qualified for NFCU I would immediably get membership, and this was especially true 2ish years ago now; however, I'm starting to get good options for other things and if I had a cash shortfall and was stuck in your position I'd likely just go the P2P lending route. Not certain I'd ever use their credit cards personally given the rewards structure with my current lineup but their other products are good.

What your doing sounds strange to me though, why not see if you can refinance the vehicle instead? Not certain it applies but a refinance essentially just funds the buyout and transfers the loan to another lender, can't see why someone wouldn't do the same for a lease buyout: you may need to float it on your credit cards but at that point you could almost assuredly refinance it away in a two step process akin to a title loan I suspect albeit with more paperwork than a straight refinance. I'd certainly ask the usual suspects about such an option if you haven't already.
Yea i wish that was so but the fact of it is that .... My car when i first brought it was $32K , Its aged a year and collected mileage but the buyout with the residual included is 29K they are only willing to give me 22K for the because thats the NADA of it right now thus leaving me having to make a down payment of $7K leases arent as easy as finances if you never been in one DONT EVER stay away from it like its a plege i wish i never did such a thing...I've actually tried everything even though i have no plans on defaulting on it and jsut trying to get myself out of the lease no banks will honor paying for a car at the value of when it was nearly new...

Getting really far afield on this topic, but don't most leases run 3 years anyway? The book value penalty is especially harsh as soon as you drive it off the lot, it comes a lot more in line by the 3 year mark especially if you have a car which generally holds it's value.

That gives you time to arrange something else, and both DCU and Penfed I think will undewrite at 120% of the book value though that doesn't cover your marker currently unfortunately it's closer.

Re: Joining NFCU

370Z — Tue, 15 Apr 2014 04:22:08 GMT

@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

I guess that makes sense for those with small limit cards. I just joined the military (part-time) last week, but I'm not really interested in their cards. Maybe a home loan in the near future. I wouldn't trade one of my 5k Chase cards for a 25k NFCU card.

Re: Joining NFCU

Revelate — Tue, 15 Apr 2014 04:27:44 GMT

@370Z wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

I guess that makes sense for those with small limit cards. I just joined the military (part-time) last week, but I'm not really interested in their cards. Maybe a home loan in the near future. I wouldn't trade one of my 5k Chase cards for a 25k NFCU card.

Most people find this forum in a rebuilding mode: while we get some people that wander in with absurdly good credit, that's not the rule for the vast majority of the population here. That's what skews it so much I think.

In your case with quality tradelines, I agree the appeal just isn't there. I picked up my first 5K tradeline from Chase the other day even if it doesn't report to personal credit, and I wouldn't trade that card for anything in NFCU's lineup either... might be a balance carrying option in NFCU though I don't know their APR structure because I just don't qualify, but beyond that like most CU's their rewards packages don't match with Chase / Amex / other tier 1 credit card issuers.

I would still take the inquiries though if you can afford them right now to establish membership in your case: NFCU is a good CU from a consumer perspective, and they might be useful in the future to you for other products and you've already met the hard part, might as well take advantage of that.

Re: Joining NFCU

CreditExpressNJ — Tue, 15 Apr 2014 04:28:09 GMT

@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@shaun2009 wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

My actual reason for doing it is NavCheck i need a 7K loan immediately and i dont wanna put it on a credit card see what i'm trying to do is to buy my leased vehicle out but no finance companies are willing to finance the buyout price so i need 7K to put down while the offer is still there with my current credit union so i can buy it out because i am all types of screwed...I'm over mileage and a bunch of other things and i am sick and tired of paying $656 a month i've done it over a year and half now....
Yeah, I was replying to the other user specifically: NavCheck is one of those time-domain shortcuts that I was referring to.

Don't get me wrong, if I was qualified for NFCU I would immediably get membership, and this was especially true 2ish years ago now; however, I'm starting to get good options for other things and if I had a cash shortfall and was stuck in your position I'd likely just go the P2P lending route. Not certain I'd ever use their credit cards personally given the rewards structure with my current lineup but their other products are good.

What your doing sounds strange to me though, why not see if you can refinance the vehicle instead? Not certain it applies but a refinance essentially just funds the buyout and transfers the loan to another lender, can't see why someone wouldn't do the same for a lease buyout: you may need to float it on your credit cards but at that point you could almost assuredly refinance it away in a two step process akin to a title loan I suspect albeit with more paperwork than a straight refinance. I'd certainly ask the usual suspects about such an option if you haven't already.
Yea i wish that was so but the fact of it is that .... My car when i first brought it was $32K , Its aged a year and collected mileage but the buyout with the residual included is 29K they are only willing to give me 22K for the because thats the NADA of it right now thus leaving me having to make a down payment of $7K leases arent as easy as finances if you never been in one DONT EVER stay away from it like its a plege i wish i never did such a thing...I've actually tried everything even though i have no plans on defaulting on it and jsut trying to get myself out of the lease no banks will honor paying for a car at the value of when it was nearly new...
Getting really far afield on this topic, but don't most leases run 3 years anyway? The book value penalty is especially harsh as soon as you drive it off the lot, it comes a lot more in line by the 3 year mark especially if you have a car which generally holds it's value.

That gives you time to arrange something else, and both DCU and Penfed I think will undewrite at 120% of the book value though that doesn't cover your marker currently unfortunately it's closer.

Yea your correct about that it will be worth more by the end of the 3 year mark for a buyout but I was trying to lower my payments now since i know i'm keeping the car so i can allocate the extra else were i mean $656 a month is not exactly a small amount especially for a Honda lol... If i was driving a Benz or a upscale foreign car I wouldnt mind but a Honda come on....

Re: Joining NFCU

370Z — Tue, 15 Apr 2014 04:40:37 GMT

@Revelate wrote:
@370Z wrote:
@Revelate wrote:
@370Z wrote:
@Sooners2013 wrote:
Marry someone that is a member or that qualifies.
Or join the military. Their credit card offering is very unappealing though.
It's all about the limit yo!

The fuss that NFCU engenders is a little silly but they admittedly are a shortcut to higher quality credit and loan offers in terms of time domain than the traditional route. While their 5K or 10K tradelines generally don't compare in value to mainstream cards, even I can sort of understand the emotional appeal of getting one's first higher limit card when everything else is stuck in the $500-2K range.

Instant gratificatino cutlure and all that: I'm pretty patient in general but when Amex kicked my BCP to 9K and my "best" tradeline from a credit limit perspective was $2500 from an old graduated BOFA secured card, I was pleasantly tickled pink.

I guess that makes sense for those with small limit cards. I just joined the military (part-time) last week, but I'm not really interested in their cards. Maybe a home loan in the near future. I wouldn't trade one of my 5k Chase cards for a 25k NFCU card.
Most people find this forum in a rebuilding mode: while we get some people that wander in with absurdly good credit, that's not the rule for the vast majority of the population here. That's what skews it so much I think.

In your case with quality tradelines, I agree the appeal just isn't there. I picked up my first 5K tradeline from Chase the other day even if it doesn't report to personal credit, and I wouldn't trade that card for anything in NFCU's lineup either... might be a balance carrying option in NFCU though I don't know their APR structure because I just don't qualify, but beyond that like most CU's their rewards packages don't match with Chase / Amex / other tier 1 credit card issuers.

I would still take the inquiries though if you can afford them right now to establish membership in your case: NFCU is a good CU from a consumer perspective, and they might be useful in the future to you for other products and you've already met the hard part, might as well take advantage of that.

I'll keep that in mind since I'll likely be taking out a home loan in 2016.