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Approved for $5,000 w/ local credit union!

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Frequent Contributor

Approved for $5,000 w/ local credit union!

Hey everyone,

 

I'm excited to share that after my EX score crossed a few weeks back 650 I was approved for a no-frills Visa from my local credit union with a $5,000 SL at 1.99% for 12 months. Tons of inquiries and new accounts since November 2015.

 

My SO with scores hovering slightly above 700 was approved for $25,000 at the same CU, but his limit was lowered to $10,000 because he used our combined income on the application instead of his individual income.

 

The credit union is MECU Baltimore and I believe their membership is open to anyone that joins some organization for $5, similar to PenFed and Alliant.

 

Have a great week everyone!

Mar 2017: EQ 733 80 INQ | TU 768 42 INQ | EX 755 80 INQ || AMEX PRG | AMEX BGR | USAA Rewards VS $17K | USAA NAMF AMEX $15K | SECU Visa $10K | Cap1 V1 (AU) $45.75K | AMEX BCE (AU) $10K | Marvel MC $25K | Walmart MC $10K | Freedom $12.2K | USAA Cash Rewards VS $18K | Walmart SC $25K | PENFED CR $9K | AMEX EDP $24K | Banana Republic SC $10K | MECU $10K | Amazon SC $25K | Barclays Apple Rewards $10K | J. Crew $13.6K | Cap1 PlayStation $3K | Cap1 QS1 $2.6K | Business: AMEX Green NPSL | AMEX SimplyCash $2K | AMEX Blue for Business $3K | Cap1 Spark Visa $7.5K | Amazon Rev. $2.5K | Amazon PIF (No PG) $1K | Walmart (No PG) $2.5K | Chase Marriott Business $30K | Chase Ink $14K
Message 1 of 7
6 REPLIES 6
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Moderator

Re: Approved for $5,000 w/ local credit union!

Congrats on your approval!

Message 2 of 7
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Super Contributor

Re: Approved for $5,000 w/ local credit union!

I'm on that site now. Thanks for sharing your experience on this CU.

 

Do you know if they do any HP for membership or not? Or maybe HP for the checking account etc?

 

Some do and others don't so just curious about that. I'm in with both Alliant CU and NASA FCU already but wouldn't mind adding another CU to my profile in order to replace a local one that i never had any luck getting a card with before.

1234567
8910111213
Rebuild Begin 7/22-FICO alternating avg's 650 + - So in the drink for awhile UGH
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Message 3 of 7
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Frequent Contributor

Re: Approved for $5,000 w/ local credit union!


@CreditMagic7 wrote:

I'm on that site now. Thanks for sharing your experience on this CU.

 

Do you know if they do any HP for membership or not? Or maybe HP for the checking account etc?

 

Some do and others don't so just curious about that. I'm in with both Alliant CU and NASA FCU already but wouldn't mind adding another CU to my profile in order to replace a local one that i never had any luck getting a card with before.


As I have been a member since I was in high school, I do not know if they pull for the membership or deposit accounts. I do know they do indivdual pulls for each application no matter the timeframe. Also, my SO was not a member before he submitted his credit application and he received the initial $25,000 approval instantly. The revised $10,000 approval came later upon income verification. 

Mar 2017: EQ 733 80 INQ | TU 768 42 INQ | EX 755 80 INQ || AMEX PRG | AMEX BGR | USAA Rewards VS $17K | USAA NAMF AMEX $15K | SECU Visa $10K | Cap1 V1 (AU) $45.75K | AMEX BCE (AU) $10K | Marvel MC $25K | Walmart MC $10K | Freedom $12.2K | USAA Cash Rewards VS $18K | Walmart SC $25K | PENFED CR $9K | AMEX EDP $24K | Banana Republic SC $10K | MECU $10K | Amazon SC $25K | Barclays Apple Rewards $10K | J. Crew $13.6K | Cap1 PlayStation $3K | Cap1 QS1 $2.6K | Business: AMEX Green NPSL | AMEX SimplyCash $2K | AMEX Blue for Business $3K | Cap1 Spark Visa $7.5K | Amazon Rev. $2.5K | Amazon PIF (No PG) $1K | Walmart (No PG) $2.5K | Chase Marriott Business $30K | Chase Ink $14K
Message 4 of 7
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Super Contributor

Re: Approved for $5,000 w/ local credit union!


@fullstackdev wrote:

@CreditMagic7 wrote:

I'm on that site now. Thanks for sharing your experience on this CU.

 

Do you know if they do any HP for membership or not? Or maybe HP for the checking account etc?

 

Some do and others don't so just curious about that. I'm in with both Alliant CU and NASA FCU already but wouldn't mind adding another CU to my profile in order to replace a local one that i never had any luck getting a card with before.


As I have been a member since I was in high school, I do not know if they pull for the membership or deposit accounts. I do know they do indivdual pulls for each application no matter the timeframe. Also, my SO was not a member before he submitted his credit application and he received the initial $25,000 approval instantly. The revised $10,000 approval came later upon income verification. 


Thank You kindly for sharing some of the details about them.

Congrats! on the new CU Card and Limit too!!

1234567
8910111213
Rebuild Begin 7/22-FICO alternating avg's 650 + - So in the drink for awhile UGH
1213444ind
Message 5 of 7
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Frequent Contributor

Re: Approved for $5,000 w/ local credit union!

Thanks!
Mar 2017: EQ 733 80 INQ | TU 768 42 INQ | EX 755 80 INQ || AMEX PRG | AMEX BGR | USAA Rewards VS $17K | USAA NAMF AMEX $15K | SECU Visa $10K | Cap1 V1 (AU) $45.75K | AMEX BCE (AU) $10K | Marvel MC $25K | Walmart MC $10K | Freedom $12.2K | USAA Cash Rewards VS $18K | Walmart SC $25K | PENFED CR $9K | AMEX EDP $24K | Banana Republic SC $10K | MECU $10K | Amazon SC $25K | Barclays Apple Rewards $10K | J. Crew $13.6K | Cap1 PlayStation $3K | Cap1 QS1 $2.6K | Business: AMEX Green NPSL | AMEX SimplyCash $2K | AMEX Blue for Business $3K | Cap1 Spark Visa $7.5K | Amazon Rev. $2.5K | Amazon PIF (No PG) $1K | Walmart (No PG) $2.5K | Chase Marriott Business $30K | Chase Ink $14K
Message 6 of 7
Highlighted
Frequent Contributor

Re: Approved for $5,000 w/ local credit union!


@fullstackdev wrote:

Hey everyone,

 

I'm excited to share that after my EX score crossed a few weeks back 650 I was approved for a no-frills Visa from my local credit union with a $5,000 SL at 1.99% for 12 months. Tons of inquiries and new accounts since November 2015.

 

My SO with scores hovering slightly above 700 was approved for $25,000 at the same CU, but his limit was lowered to $10,000 because he used our combined income on the application instead of his individual income.

 

The credit union is MECU Baltimore and I believe their membership is open to anyone that joins some organization for $5, similar to PenFed and Alliant.

 

Have a great week everyone!


Congratulations!

FICO SCORE 08 - Aug 2020 - EQ 772 - TU 768 - EX 770



12/15 - First Tradeline - 12/17 - 800 Credit Score - 3/18 - Homeowner

Message 7 of 7
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