topic Re: PSECU Membership in General Credit Topics

PSECU Membership

daisyduke — Wed, 22 Sep 2010 19:46:38 GMT

Hello - our company was approved for membership to PSECU. I happened to look on their website and voila, sure enough our company name appeared.

So this am, I applied for membership online and totally forgot that I am frozen on EX - check this out - they softed me - went in backdoor via EX to check it and sure enough, membership was a soft!

Does anyone know if all membership is a soft? or was it a soft for me b/c I'm frozen? (note: just set up membership account which isn't the time to app for credit product)

Thanks for any information. Have a nice day.

Re: PSECU Membership

MarineVietVet — Wed, 22 Sep 2010 20:20:41 GMT

I don't know if that will be a soft or not but I want to remind you that as a member of PSECU you can get your Experian FICO score now.

Congratulations!! Would you like a new brother?

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

Re: PSECU Membership

daisyduke — Wed, 22 Sep 2010 20:58:10 GMT

Yes, that free EX Score - can't wait to find out how bad it is. lol - I guess after my membership gets approved and set up, I'll ask em..

I would like to adopt YOU as my brother, MVV!!

Re: PSECU Membership

MarineVietVet — Wed, 22 Sep 2010 22:51:37 GMT

@daisyduke wrote:
Yes, that free EX Score - can't wait to find out how bad it is. lol - I guess after my membership gets approved and set up, I'll ask em..

I would like to adopt YOU as my brother, MVV!!

Hey O6!!! Can you do the paperwork??

Re: PSECU Membership

Anonymous — Thu, 23 Sep 2010 01:30:02 GMT

@MarineVietVet wrote:

@daisyduke wrote:
Yes, that free EX Score - can't wait to find out how bad it is. lol - I guess after my membership gets approved and set up, I'll ask em..

I would like to adopt YOU as my brother, MVV!!
Hey O6!!! Can you do the paperwork??

By the power vested in me by President Obama, I now pronounce you man and ...

Ooops! Wrong paperwork.

Re: PSECU Membership

Anonymous — Thu, 23 Sep 2010 01:33:03 GMT

@MarineVietVet wrote:
I don't know if that will be a soft or not but I want to remind you that as a member of PSECU you can get your Experian FICO score now.

Congratulations!! Would you like a new brother?

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

Just out of curiosity, if one were to add a relative or a household member, would PSECU then report your address as that of the original account holder and then your CR would show an additional address?

Re: PSECU Membership

daisyduke — Thu, 23 Sep 2010 01:44:59 GMT

I just knew I would get remarried again some day, just never thought it would happen with my adopted brother!!

Re: PSECU Membership

IOBA — Thu, 23 Sep 2010 02:08:14 GMT

And I am your sister-in-law, right? I am really good with money and I have kids to loan out!!

I guess I should say, Pick me, pick me!!

Re: PSECU Membership

Anonymous — Thu, 23 Sep 2010 02:11:38 GMT

@IOBA wrote:
And I am your sister-in-law, right? I am really good with money and I have kids to loan out!!

I guess I should say, Pick me, pick me!!

Me too!!

Getting EX FICOs would be great!!

Re: PSECU Membership

RobertEG — Thu, 23 Sep 2010 02:21:29 GMT

Whether any credit inquiry is recorded as a so-called "hard" or "soft" pull is totally unregulated, except for promotional inquiries, and those you make for your own CR.

If you request a business transaction or the extension of credit, they have a permissible purpose to pull your entire CR.

How they code it is up to them.

When I opened my current CU account a few years ago, it was recorded as a hard-pull. They also did a hard pull when I later applied for a CC through them.

Quite frankly, I doubt that most CU data entry clerks even know the difference.

if you authorize a family member to join your CU, any credit reporting to that family members credit file is totally separate from yours.

So, no, reporting by the CU to family member's credit file wont be entered into your credit file.

Re: PSECU Membership

Anonymous — Thu, 23 Sep 2010 02:42:53 GMT

@RobertEG wrote:
Whether any credit inquiry is recorded as a so-called "hard" or "soft" pull is totally unregulated, except for promotional inquiries, and those you make for your own CR.
If you request a business transaction or the extension of credit, they have a permissible purpose to pull your entire CR.
How they code it is up to them.
When I opened my current CU account a few years ago, it was recorded as a hard-pull. They also did a hard pull when I later applied for a CC through them.
Quite frankly, I doubt that most CU data entry clerks even know the difference.

if you authorize a family member to join your CU, any credit reporting to that family members credit file is totally separate from yours.
So, no, reporting by the CU to family member's credit file wont be entered into your credit file.

When you apply not as a relative but as a household member, obviously you need to use the same address as your sponsor. Otherwise you cannot be in their household.

So, if I say I am someone's roommate and apply for PSECU membership, when they pull my credit report that will automatically update my address or at least give me an additional address.

Re: PSECU Membership

RobertEG — Thu, 23 Sep 2010 02:59:31 GMT

When the family member applies, they are dealing separately with the CU in establishing their own account information, which includes name, SSN, address, etc.

It is up to the CU to determine whether the address must match the address of the family "sponsor" in their account review process.

Then, if the CU opens an account with the family member and reports that to a CRA as a new report to the file of the new account, I see absolutly no reason or authortity to make any reporting, whatsoever, the the "sponsor's" credit file.

Re: PSECU Membership

Anonymous — Thu, 23 Sep 2010 03:06:33 GMT

@RobertEG wrote:
When the family member applies, they are dealing separately with the CU in establishing their own account information, which includes name, SSN, address, etc.
It is up to the CU to determine whether the address must match the address of the family "sponsor" in their account review process.
Then, if the CU opens an account with the family member and reports that to a CRA as a new report to the file of the new account, I see absolutly no reason or authortity to make any reporting, whatsoever, the the "sponsor's" credit file.

With a relative, yes, because the CU has no requirement that the relative live with you.

However, as a simple household member, you cannot, by definition, be a household member of you do not all live at the same address. If the sponsor lives at 111 Main Street and I, as an unrelated household member, say I live at 333 Maple Avenue, then by definition I am obviously not a household member. So, I need to apply using the sponsor's address. In that case when the Cu checks my credit report and reports the new address, that should either add an additional address to my credit report or update my real address -- both of which I would not want to happen.

Re: PSECU Membership-UPDATE

daisyduke — Thu, 14 Oct 2010 22:28:33 GMT

Update - Even though PSECU did a soft inquiry for me, my membership was taking a very long time, so I called to follow up on the delay (my co worker got his debit card in the mail quicker than I got anything from them!!) - they were not able to process my membership application with frozen EX so I was told to UNFREEZE!! Since i'm not one to post inaccurate information, I thought an update on this topic was appropriate for the future readers of this post....

Re: PSECU Membership-UPDATE

Anonymous — Thu, 14 Oct 2010 23:44:02 GMT

@daisyduke wrote:
Update - Even though PSECU did a soft inquiry for me, my membership was taking a very long time, so I called to follow up on the delay (my co worker got his debit card in the mail quicker than I got anything from them!!) - they were not able to process my membership application with frozen EX so I was told to UNFREEZE!! Since i'm not one to post inaccurate information, I thought an update on this topic was appropriate for the future readers of this post....

Sorry to hear that.

What really sucks is that it costs $10 to unfreeze EX. At least EQ and TU you can do it for fee if you have their credit monitoring service. But EX? Nooooooo ... they gotta leech $10 out of ya.

Re: PSECU Membership-UPDATE

Anonymous — Fri, 15 Oct 2010 01:14:37 GMT

sorry to hear that...

As a PSECU member, I have to say it is great! I think it may be worthwhile to dish out the ten bucks and unfreeze EX. The free FICO EX score is amazing.