NFCU CLOC Reporting Question

Anonymous · ‎07-21-2018

I read in another thread that a member had a CLOC for 15 months & yet it hadn't once reported to any CRA. Is this common? Is a loan on the account necessary to "activate" the reporting? Also, if/when it reports, it does so as a revolving account, yes?

Anonymous · ‎07-21-2018

@Anonymous wrote:
I read in another thread that a member had a CLOC for 15 months & yet it hadn't once reported to any CRA. Is this common? Is a loan on the account necessary to "activate" the reporting? Also, if/when it reports, it does so as a revolving account, yes?

It took me a good 4-5 months before mine ($10k) began to report.

Jnbmom · ‎07-21-2018

Mine took around 2 months to report, it shows up as "a line of credit" /revolving on my reports

EXP 780 EQ 796 TU 810

Anonymous · ‎07-21-2018

Thank you AT & JnB. Did either of you find it showed up after you used it first?

Jnbmom · ‎07-21-2018

@Anonymous wrote:
Thank you AT & JnB. Did either of you find it showed up after you used it first?

I have yet to use mine and it still reported.

EXP 780 EQ 796 TU 810

FinStar · ‎07-23-2018

Mine took roughly ~5 months to report. Haven't used as of yet.

Bottom line, it'll eventually report, even without usage.

Anonymous · ‎07-23-2018

I'm not noticing a discernible pattern here. Yes, no, maybe so.

Thank you all for the answers.

SouthJamaica · ‎07-24-2018

@Anonymous wrote:
I'm not noticing a discernible pattern here. Yes, no, maybe so.
Thank you all for the answers.

Mine started reporting to all 3 bureaus shortly after being set up, and has continued to report to all 3 bureaus every month.

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 25k

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

Geo-fenced credit union Platinum Visa 10500

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 682

Anonymous · ‎07-24-2018

@SouthJamaica wrote:
@Anonymous wrote:
I'm not noticing a discernible pattern here. Yes, no, maybe so.
Thank you all for the answers.
Mine started reporting to all 3 bureaus shortly after being set up, and has continued to report to all 3 bureaus every month.

+1

Anonymous · ‎07-25-2018

@Anonymous wrote:
Thank you AT & JnB. Did either of you find it showed up after you used it first?

As others have said, I've never utilized it to date either. Sooner or later, it'll report regardless.