Pentagon Federal Credit Union Data Share

[DaveInAZ]

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@Ardecko wrote:

Has anyone noticed if you can open your PenFed membership online without app'ing for a checking account? I'm hoping to avoid a ChexSystems pull until I get them straightened out.

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You just have to open a "share account" - savings, with a minimum of $5. But if Penfed is going to pull a banking report the share account would trigger it.

I joined Penfed in early May. Last week I joined DCU (Digital CU) and they provided me a copy of my ChexSystems report. It shows inquires over the past several years and I see no inquiry from Penfed. Penfed might have soft pulled Chex, but did not HP it. Membership is a HP on EQ.

[Ardecko]

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@DaveInAZ wrote:

You just have to open a "share account" - savings, with a minimum of $5. But if Penfed is going to pull a banking report the share account would trigger it.

Last week I was turned down from two CUs due to chex. I opened a DCU membership(successfully) with only savings. I did not receive anything Chex related from DCU. I also have the paper membership form from Unify that indicates they pull Chex only if you open a checking account.

I joined Penfed in early May. Last week I joined DCU (Digital CU) and they provided me a copy of my ChexSystems report. It shows inquires over the past several years and I see no inquiry from Penfed. Penfed might have soft pulled Chex, but did not HP it. Membership is a HP on EQ.

Ah yes, I forgot about the EQ HP. Hopefully I will have made progress on Chex by January.

[DaveInAZ]

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@Ardecko wrote:

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@DaveInAZ wrote:

You just have to open a "share account" - savings, with a minimum of $5. But if Penfed is going to pull a banking report the share account would trigger it.

Last week I was turned down from two CUs due to chex. I opened a DCU membership(successfully) with only savings. I did not receive anything Chex related from DCU. I also have the paper membership form from Unify that indicates they pull Chex only if you open a checking account.

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I'venever had a bank/CU give me their Chex report before. But I froze my Chex in Sept. and they took almost a month to send me a PIN. I didn't know DCU hard pulled Chex and applied for membership on 10/9. They didn't approve me until 10/18 when I notified them I had unfrozen Chex, so maybe that's why the gave me a copy.

[Anonymous]

@Feeling, totally amazing and thank you for all the information!!

You have totally proven that working a plan has major rewards! Congratulations on the card and the SL...not to mention the hard work you put in on those scores...wowza!!!

BTW...glad you have you with us on the myFICO forums!! It will be fun to follow your future successes!!

[Anonymous]

Yes you can, my wife did.

[Anonymous]

I have been conditionally approved upon sending proof of income (I am self employed).  Do you know how I can send what they are requiring? Is it via snail mail or private message or ? Also, some of the "other" income I put was my husband's income. Should I send them a month or two of his pay statements?  He is a new US Permanent Resident this year and has not filed taxes as of yet. I guess I will just send them two years of my taxes and some of his pay stubs and hope for the best! I am keeping my fingers crossed!

[Total80sKid]

When they asked me for POI for my PLOC, I just scanned the document and emailed it to them.

They work amazingly quick with emails.

I usually send whatever they need through email, then call, then they can check your email addy and pull it right up.

[Anonymous]

Thanks @total80skid. Do you know what their email address is? Or should I wait until they email me requesting the proof of income? Or just private message them via the website?

[Anonymous]

@Total80sKid I emailed everything to the info@hq.penfed.org email. Hopefully it will be sufficient. I was honest about my income (low) and put my husband's income in the other box. So I sent 2 years of taxes, 2 months of hubby's pay statement, and my last 7 months of invoices (to show that I am earning more than the previous 2 years). If it's not good enough--well, oh well LOL. (I feel like I am applying for a mortgage, but if all goes well it will be my highest SL --NFCU started me at $18,000.) 🤡 One awesome thing is that when I applied (and was denied) in early August my FICO with PenFed WAS 634 and yesterday it was 709!! Woot woot.

[Total80sKid]

Sorry, not on here much lately and don’t get email notifications.

The address you emailed those documents is the one I have always used.

Good luck!