Hi. You don't know me, but have a seat. I have something to tell you. Can I get you something to drink? Coffee? Tea? Water? No? Straight to business, then. Okay... here goes.
Credit Unions are freakin' awesome I know that people definitely recommend utilizing CUs on these forums (NFCU, I wanna have your babies), but I don't know that we can sing their praises enough.
I currently have three vehicles; two were financed with Cap One and the third was financed with Exeter. Cap One will always have my adoration because I got approved for two vehicles in the last two years with awful credit (FICOs in the 500s), albeit with interest rates in the 20s or high teens.
After all this rebuilding I've been doing in the last six months, I thought, "Let me hit up my local CU and see what they can offer." Refinancing had been on my mind, but I didn't think it was possible with my stats. Imagine how surprised I was when my CU approved me for not one, but three auto refinances, all with interest rates less than 5%. I was floored, yo. At the time, EQ was pulled at 657.
Hopefully this helps someone who may be considering a refinance with bruised and battered credit. I definitely plan on building a healthy relationship with this CU and hopefully get $35k limit or two on a couple of CCs that I'm eyeing there
Do you have any hot chocolate?
Congratulations on your refinance.
Credit Unions are great for a lot of products; auto, credit cards, mortgage, checking, savings, etc.
Thank you and I agree! Also, I feel like an awful host! Would you like marshmallows in your hot chocolate?
Oh man, I'm going to hijack my own thread because I just thought about one of those hot chocolate dealies with broiled/toasted marshmallows on top, crushed graham crackers, and drizzled chocolate. Oh boi
I haven't looked into BECU, DCU, and Unify, though I see how much conversation they generate here on the forums. The CU I mentioned is Pelican State Credit Union, which is active here in Louisiana.
I have a savings account with Penfed, but I don't know when/if I'd be a likely candidate for any additional products with them, especially since they are so conservative. I feel like @AverageJoesCredit will walk up into this thread since we're talking about Penfed and post a sign that says, "Abandon hope, all ye who enter Penfed."
If you live in South Texas, RBFCU rules.
Do they still use the opening membership pull for all their products? @marty56
I'm not sure put I suspect they would. My experience with RBFCU is that they pull from TU