@Anonymous wrote:I did not apply for credit, I just became a new member of Navy Federal Credit Union. My credit report shows a hard pull for this. Any idea why? I also obtained a CSP on Friday and will take a hit for that. The credit union pulled my credit report just for opening a savings account. Could somebody explain this?
Identity and member-worthiness verification. Most CU's do, I only know of 3 personally that don't though I'm sure there are others, fact is most of my CU memberships have unfortunately.
@Anonymous wrote:I called NFCU and was told what happened. They didn't mention the HP. Now that it's done, I have 30 days to apply for credit without another HP. I don't need a card, but might as well go for one since the damage is done.
yep, not unlike building a camp fire after the forest has burned down 
I discovered PenFed did a HP when opening my account, and they were so busy with setting up my $5 savings account that they "lost" my CC app that went in during the same web session. So I got to do another HP two months later to get the denial for a real CC. So I used that HP to get a secured $500 CC to get something from the wreckage. The $500 wasn't earning any interest anyway, so might as well not earn any interest at PenFed.
@tendertan wrote:Yes, I had the same experience when I open up checking/savings account. Actually it gave me a nice score boost also when it reported the HP.
A HP is always a negative: the score change may be zero, but never positive.
Something else changed on your report which didn't have a line item in the monitoring solution is the cause for the increase.
@tendertan wrote:I monitor my credit through myFico, and it clearly stated thats why I had a increase in my score. I was told its a mixture of credit to your profile.
Even the Equifax portion of the myFICO 3B monitoring which is the most sophisticated, doesn't track every change on your report: not even close. I assure you an inquiry is never positive. Something else changed that you did not get a specific alert for.