SDFCU is now a hard pull on EX for membership.

[manyquestions]

I noticed in the older threads SDFCU was reported as a soft pull for membership and the secured card.  I applied this week and received a hard pull for membership with no products other than the mandatory share savings account.  I called and asked if it wasn't supposed to be a soft pull.  I was told that it used to be a soft pull but as of Jan 1 2016 it is now a hard pull on EX to join SDFCU.  Just a heads up.

[Anonymous]

That's good information to know.  SDFCU's claim to fame has always been the soft pull for the secured card.  It's what got them a lot of internet attention in a crowded and competitive CU landscape, but maybe not turning into enough profitable business in the end.

[myjourney]

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@manyquestions wrote:

I noticed in the older threads SDFCU was reported as a soft pull for membership and the secured card.  I applied this week and received a hard pull for membership with no products other than the mandatory share savings account.  I called and asked if it wasn't supposed to be a soft pull.  I was told that it used to be a soft pull but as of Jan 1 2016 it is now a hard pull on EX to join SDFCU.  Just a heads up.

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Thanks for the update 

I've personally pushed their product over the years to those in need of an easily acquired TL with a good APR and no FTF's to obtain a positive TL

Sadly I think this will cause me to not push their product in the future because the best feature was no HP

Which was a win win on all counts for those trying to build credit w/o affecting scores due to a HP and approval odds were very high

Although I dd see in rare cases denials ....so now that it's a HP not worth the chance IMHO 

[Anonymous]

It's been a hard pull if you applied online, a soft if you applied over the phone.

[manyquestions]

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@Anonymous wrote:

It's been a hard pull if you applied online, a soft if you applied over the phone.

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Okay. I didn't realize that.  I applied online.

[manyquestions]

Well...I also sent an email about it and this is what I received:

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Good Afternoon,

Thank you for your email.  As of 12/23/2015, SDFCU began utilizing a hard pull consumer credit report on all individuals (excluding minors) applying for new membership.

Sincerely,

Membership Development

From: 
Sent: Monday, January 11, 2016 8:45 AM
To: *NewAccounts
Subject: Hard pull or Soft pull on credit report for membership application?

Hi,

Is it a Hard Pull or Soft Pull on my credit report if I apply for membership?

Thanks,

[Anonymous]

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@Anonymous wrote:

It's been a hard pull if you applied online, a soft if you applied over the phone.

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Not exactly true.  I applied  for membership 3 months ago online and it was an SP.  I think this as manyquestions unfortunately found out, a change in overall policy .

[Anonymous]

NASA is known for soft pull membership and credit products. They hard pulled me. Twice.

[cartwrna]

SDFCU just closed my account on Dec 31st lol. Must of been for non use as I'd moved over to DCU.

[Anonymous]

I joined SDFCU on 12/8, just set up my secured loan in Jan.  No inquiries at all on EX per CCT.  Unfortunate if policy changed 12/23, and lucky for me.