Navy Fed Will Merge $604M USA Fed

[wmarat]

http://www.cutimes.com/News/2010/9/Pages/Navy-Fed-Will-Merge-604M-USA-Fed.aspx

Might be a chance to get into Navy FCU.

[Anonymous]

So, whoever is a member of  United Services of America Federal Credit Union, can become a member of Navy Fed.

And, whoever is not a member of USA Fed, HURRY ... time is running!

http://www.usafed.org/about_us/membership.html

Membership Eligibility
Membership is easy and there are many ways to become a member of USA Fed. First, check if you are eligible to join from the company list below. If you are not eligible to join through one of our sponsor groups below, don’t worry, you can qualify for membership by joining the Prime Meridian Association. It’s only $5.00 to join this not-for-profit organization and available to join through our online Membership Application. Applying online just takes minutes. It’s quick, secure and easy. Sign up today!

This is cheaper than to join the PenFed.

[Anonymous]

It is open to former military, I applied yesterday waiting on response

[Tazman81]

This is good information to know.  Do you know if I got a credit card with this bank whether or not that credit card would be transitioned over to a NFCU credit card?  I wasn't able to find any additional information on this acquisition and didn't know if anyone else knew how this may work.

[Cory]

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@wmarat wrote:

http://www.cutimes.com/News/2010/9/Pages/Navy-Fed-Will-Merge-604M-USA-Fed.aspx

Might be a chance to get into Navy FCU.

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Wmarat,

You are so graceful. Thank you. Even though I always wanted to apply for a Navy FCU membership after hearing the high credit limits they were giving on their credit cards, I will pass on this one and grow with my current financial institutions. I have more credit card products then I actually need.

But this sounds so tempting, I think I might have to leave the site for a couple of months, lol.

Thanks again,

Cory

[Anonymous]

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@Tazman81 wrote:

This is good information to know.  Do you know if I got a credit card with this bank whether or not that credit card would be transitioned over to a NFCU credit card?  I wasn't able to find any additional information on this acquisition and didn't know if anyone else knew how this may work.

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Why not just apply once the conversion happens? I got $7k CL with a 650 EQ.

Just be prepared for a hard inquiry on EX unless it's frozen if you decide to join.

[Tazman81]

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@Anonymous wrote:

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@Tazman81 wrote:

This is good information to know.  Do you know if I got a credit card with this bank whether or not that credit card would be transitioned over to a NFCU credit card?  I wasn't able to find any additional information on this acquisition and didn't know if anyone else knew how this may work.

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Why not just apply once the conversion happens? I got $7k CL with a 650 EQ.

Just be prepared for a hard inquiry on EX unless it's frozen if you decide to join.

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Well, I've already applied to NFCU and they rejected me because I had an account with them previously, but had a bankruptcy in which they were included in.  I listed the thread below regarding the topic there, but I didn't want this particular topic to get too off the subject of the OP.

http://ficoforums.myfico.com/t5/Bankruptcy/Navy-Federal-CU-amp-Bankruptcy/m-p/690713#M6039

[Anonymous]

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@Tazman81 wrote:

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@Anonymous wrote:

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@Tazman81 wrote:

This is good information to know.  Do you know if I got a credit card with this bank whether or not that credit card would be transitioned over to a NFCU credit card?  I wasn't able to find any additional information on this acquisition and didn't know if anyone else knew how this may work.

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Why not just apply once the conversion happens? I got $7k CL with a 650 EQ.

Just be prepared for a hard inquiry on EX unless it's frozen if you decide to join.

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Well, I've already applied to NFCU and they rejected me because I had an account with them previously, but had a bankruptcy in which they were included in.  I listed the thread below regarding the topic there, but I didn't want this particular topic to get too off the subject of the OP.

http://ficoforums.myfico.com/t5/Bankruptcy/Navy-Federal-CU-amp-Bankruptcy/m-p/690713#M6039

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Oh yea, that sucks then. I'm not sure what will happen if you get a card with USA first then, but it sounds like a risky way to hurt your AAoA with a new closed account do to sudden AA by NFCU.

[llecs]

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@wmarat wrote:

http://www.cutimes.com/News/2010/9/Pages/Navy-Fed-Will-Merge-604M-USA-Fed.aspx

Might be a chance to get into Navy FCU.

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Thanks for the link wmarat.

I took a big gamble and applied for an account in hopes that my membership status would carry over to NFCU. I'm not eligible to join NFCU, but rolling the dice on this one with hopes I can qualify for some of their products if this deal will go through.

They pulled EX, FYI, and probably also checked Chex.

[Tazman81]

So I went online and completed an application.  Well, I got through the part where they pull your credit and they ask you all these questions.  Well, my questions all just based around my residency.  Anyhow, I chose all of the correct answers and it tells me that it cannot verify my identity because my answers don't match my credit report.  Well, I have a copy of my credit report right here and everything does match.  So I called them.  The lady said that the only way they can do verification is to go into a local branch or through that online system.  She said they will allow me to do 2 applications, so I can make a brand new username and password, take another inq, then try again.  So, I said, what if that doesn't work.  I told her that all the answers I am putting in are correct.  She said if the 2nd application doesn't work, then there is nothing they can do.  They don't have no other way to do a verification since I am not near a local branch and that they just would not be able to open an account.  This seems really weird.  Anyone else running into this?  I don't have any freezes or anything on my credit reports.