The scores hold less weight with them verses your DTI ratio. It's possible to get a 5 digit SL/ best rate with low 600 scores.
One of my family members had a 580ish TU and got a 15k SL another had a 602 and recieved a $17K SL.
NFCU is very relationship driven. Yes your FICO score is considered, however, your history with NFCU is highly influential in their UW. I have read that if you burn NFCU, it is near impossible to get back into their good graces. Conversely, once established, they will trust you until you give them a reason not to trust you. Of course YMMV.
I joined in September and moved all my checking, savings, direct deposit to NFCU. I applied for a CLOC within a week and was given a $1,000 CL after asking for $15,000. Eeeeh... it is what it is, I thought.
The beginning of November, Chase Bank and I didn't see eye to eye when I wanted their Southwest Airlines Premier CC, so I thought "what the hey!" and applied for the Flagship Rewards CC. NFCU approved me instantly for a $25,000 SL. I think my heart skipped a beat or five (sinus pause for you @FireMedic1 if you are reading this) when I read that. Never thought that I would receive that amount after the $1,000 SL on the CLOC.
So to answer your question... your guess is as good as mine as to what your SL might be. As I said before, YMMV! Perhaps other better informed and more experienced NFCU members of the forum can answer that.
@Anonymous wrote:Gmood1
The scores hold less weight with them verses your DTI ratio. It's possible to get a 5 digit SL/ best rate with low 600 scores.
One of my family members had a 580ish TU and got a 15k SL another had a 602 and recieved a $17K SL.
Not for me GMood - I have 0% debt on a 6 figure salary and only got $1k with over 700 EQ FICO 09. Maybe my 18 lates shrunk my chances from 4 years ago
But I don't doubt you
I was referring to scores in general. Now if you have a bunch of lates. That could be a different story. lol
NFCU's algorithms are all over the map with these approvals and denials. I've seen folks in the 800's get sub $5K SLs.
There's really no rhyme or reason to how they approve people.
I'll never forget the fellow with a half million a year income and 800 scores that was denied. They did eventually let him in with a $1K SL. lol
to add to the data points I guess, in June of 2016 I got in with NFCU and got a gorewards card with 19K+ limit. My scores were right near 700 I believe and I still had five 30 day lates reporting from a paid car loan from 2010 that Santander took over (which was the cause of my lates - long story). So I guess I had kind of a mixed bag with my approval.
Yup I still had a foreclosure reporting on my TU when I was approved for the GoRewards. Score was in the mid 600's. SL was $17.5k if I remember correctly. With a 15xx apr. Last year a CSR looked up my score and lowered my APR to the lowest they offered at that time.