Joining two credit units ?

Poorboi · ‎10-11-2012

Is it good to join to credit units or is one enough, will it help at all

Shogun · ‎10-11-2012

Do you mean credit unions? It wouldn't hurt you to belong to more than one. Some often are members of more than one. It just depends on your circumstance as to whether it is actually beneficial.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Poorboi · ‎10-11-2012

Thanks, and yes that is unions

Shogun · ‎10-11-2012

You're welcome. Do you have one in mind? A local one? If you are elligible for NFCU I would highly suggest them.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Poorboi · ‎10-11-2012

Local, I'm with fed ex now, I read a lot about nfcu, I wish I could join

Shogun · ‎10-11-2012

I've been looking into it myself, my father was retired from the DOD, so maybe I stand a chance.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

HappySoda · ‎10-11-2012

There's an article I read about having multiple bank/credit union accounts. Reason being that if something goes wrong with one of your accts (fraud victim, dispute, bank goes under, etc) you will have the other to fall back on.

I personally have 2 credit unions and my main bank. Most of my money is in the bank but there's a bit of emergency cash in the other two accts.

I've had my bank ATM card compromised twice and it's a pain when those fraudsters take you.