Love Me Some PSECU ...

[OnWayUpinTexas]

Maybe the last thing this board needs is another multipage post about PSECU, but I had to share this experience briefly ... (I understand if this needs to move to the auto loan board, but most of this discussion deals with ALL aspects of the PSECU experience, including credit cards ...)

1.  I applied back when posts responding to HTSU's original post about PSECU and Experian FICO scores stretched only a page or two, if you can believe that was ever the case ... (!)

2.  Was instantly approved for checking account and $20K Visa/LOC which, because it reports a total of $40K in available utilization, has tremendously helped my overall utilization (despite my suddenly, recently lower EQ and TU scores, which is a temporary situation caused by recent, significant use of a previously dormant card that I'm about to payoff again).

3.  Have taken signifcant advantage of PSECU's 3.9% balance transfer option on the Visa part of the Visa/LOC.

4.  Needed to buy my son a car.  Was instantly approved for $25K (had to fax in proof of income only) at 4.99%.  Ended up financing through the dealer/manufactuer instead because they SUDDENLY had a better financing option that they hadn't offered to me BEFORE I had the PSECU approval in hand.  I'm left with a $25K check from PSECU and I'm thinking "how can I use this to my advantage, rather than just mail the check back to PSECU?"  So I call them, and they agree to let me use the funds to refinance MY existing vehicle, cutting my interest rate down from 7.something% to 3.99%!  Could not have been easier, and the few people I spoke with were (a) professional, (b) knowledgable, (c) helpful, and (d) nice.

5.  I just checked my email and PSECU had sent me one asking "how I liked my new car?"  The automatically generated email obviously didn't know I had refinanced.  But, it also thanked me for financing with PSECU and said that my $150 for participating in their automobile-finance program had been deposited in my account.  I DIDN'T EVEN KNOW THERE WAS A PROMOTION.  Checked my account, and sure enough there's $150 in there that wasn't there before!

I cannot believe how a such a crazy lark to check my Experian FICO score once a month by joining a Pennsylvania credit union (while living in Texas) has proved so financially beneficial.  Just wanted to share my experience.  Would STRONGLY recommend PSECU to anyone.

[score_building]

Kudos to you for finding a way to make it all work out so well,

great CU to belong to, for more than just the EX score IMO.

They've a long history of consumer friendly offerings, in both good and bad market conditions.

[Anonymous]

How do I join PSECU?

I live in California.

[OnWayUpinTexas]

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@Anonymous wrote:

How do I join PSECU?

I live in California.

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Follow these instructions from HTSU's original post:

http://ficoforums.myfico.com/t5/Credit-Cards/Yes-you-too-can-join-PSECU-and-find-out-your-EX-FICO-sc...

[Anonymous]

When joining PSECU there is a hard pull correct?

Does that mean you might as well app for the Card/CL in addition to the checking account if you are already are burning a hard, or will it give you multiple inqs?

What kind of limits did you have on your cards to get a limit like that, and what income range?

[hammertime]

+1 on PSECU.  I already had 20K Combo.  Recently got a $42,500 loan for Infiniti G37 Coupe.  Promised 300 refund for using draft quickly.  I also had to fax in proof of income and W2's.  Was approved within hours of faxing docs.  Draft in the mail the same day.  No problems at dealership.

[OnWayUpinTexas]

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@Anonymous wrote:

When joining PSECU there is a hard pull correct?

Does that mean you might as well app for the Card/CL in addition to the checking account if you are already are burning a hard, or will it give you multiple inqs?

What kind of limits did you have on your cards to get a limit like that, and what income range?

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There is a hard pull for joining (i.e., for opening the checking account as per HTSU's instructions (linked above).

There is another hard pull for anything you apply for (each application).  Pull Experian only, in my recollection.

Don't remember if you can somehow consolidate the pulls by applying for more than one thing at a time.  That is answered, I'm pretty sure, on some of the other posts.

My highest limit at the time of application was $16K.  Income was pretty high -- but I'm not sure how determinative that was.