Once your membership is approved, I also recommend setting up your secondary funding/transfer account, and submitting for check deposit approval. Checks take a couple hours to approve, but the second account takes a few days. You want to make sure everything is ready for when they fund the loan and need to mail the check out.
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Credit Unions with good rates that accept applicants anywhere within the US?
- Thread starter YNoVA
- Start date
Secondary funding account? I thought everything can be done with the mandatory savings account?
To transfer money to your savings from another financial institution.
No they told me I’m not able to apply for a loan until the membership goes through… my membership is pending since 5/16!
Chewy13
https://ts.la/nick670348
Also - don't fund your savings account with a credit card... learned this one the hard way.
They did two pulls (idk why?.. should've just been $5), a $5 and a $1. Both hit as cash advances on my credit card as the transaction type. Each one whacked me for $10, for a total of $20.
They did two pulls (idk why?.. should've just been $5), a $5 and a $1. Both hit as cash advances on my credit card as the transaction type. Each one whacked me for $10, for a total of $20.
If you don't mind, how did you get a hold of the loan officer without having applied for the loan? Do you have a number directly to their loan department? If so, could you pls share that?
Yes, the member services number. One of the representatives gave me that direction when I was checking membership status
(800) 374-2758 option 4, option 1, then option 1
USSFCU had a better rate before, but it’s still probably one of the lowest you can find with a convenient membership and application process (4.49% for 60 months). Otherwise, you might be able to find something similar or slightly lower at a credit union local to you that you qualify for.
for what it's worth back in late April I picked up a new M3SR. For ease I financed with Tesla and got 5.49%. Simultaneously went through the process with USSFCU and got approved for 4.24%. Completed the refi before making any payments to Tesla (Wells Fargo). I guess the only real downside was two hits against my credit but process was easy and alleviated any stress.
Can I ask what rates others are getting with around 725 ratings? I am not getting what I expected from the lenders I have tried. Thinking of jumping through the hoops to become a USSFCU member if I can expect sub 5% rates. I feel like my credit good/great if just not considered "perfect" at an 800.
The downside that you mentioned, wouldn't that be seen as one single hard enquiry by the credit bureaus? Because technically, the time gaps between your applications is quite small (less than 14 days, i assume?) and still can be seen as "rate shopping"?
Really easy. Regular credit pull, one phone call, got approved on the spot. Funding took a few days. Regular docusign process.
You can use this site to see all credit union rates by zip code
Datatrac - America's Largest Interest Rate Website
Datatrac provides financial institutions and consumers with unbiased interest rate information to make mutually beneficial decisions about new loans and deposits.
www.datatrac.net
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