Applied for NASA FCU Visa

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otter
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Postby otter » Thu Sep 25, 2014 3:49 pm

MemberSince99 wrote:Anything that sounds too good to be true probably is - just ask the folks who got the OCCU cards then had them yanked away from them a couple of months later with lies and games.


No thanks I'll pass, Chase and Amex may be boring but at least you know what you are getting into with them. With these weirdo credit unions you just never know.


Well, looks like it might be OCCU all over again. I'm still pending so let's see what happens.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450


MemberSince99
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Postby MemberSince99 » Thu Sep 25, 2014 7:11 pm





Yep that was OCCU's lies and games in action. They shut down cards telling people their cards "may have been compromised" but the only thing getting compromised was the truth. Then once they locked the accounts down that they planned to close out on that ruse, the axe fell and the accounts were getting closed one by one.


Apparently they hoped no one would know the difference or even if it was figured out what can you do - they do have the right to close accounts at any time, and lying is only a crime when it's to the law or under oath not to the pathetic wage slaves. So all that talk about a class action lawsuit is just so many blowhards venting their frustration, which is totally understandable, but again, any lender may shut you down for any reason or no reason at all at any time - if you doubt this, read your T&Cs they send you or ask anyone who had the Duck card. They don't have to play nice with you. If it's any consolation, you can also shut them down any time you feel like it - ask me, I've closed enough of them, including OCCU (which I'm sure they were even happier than Cap One about....).


They (OCCU) are a bunch of lying incompetent d-bags, plain and simple. But there is honestly probably nothing the people who got jerked around can really do about it.

popamode72
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Postby popamode72 » Thu Sep 25, 2014 7:17 pm

It seems like the biggest difference with what's been happening with NASA and OCCU is that NASA at least either goes back and denies the application after it was instantly approved through a manual review process or they adjust the credit limit or something like that hence why there are some people who have gotten 20-30k limits that have had problems because they in fact didn't really qualify for them to begin with. It apparently has to say funded in order for it to be a true approval and it's still subject to underwriting before that which they did not disclose ever.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

thom02099
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Postby thom02099 » Thu Sep 25, 2014 10:07 pm

MyFico Credit Card Thread + Nasa FCU = Lemmings to the Sea!
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Sep 25, 2014 11:43 pm

Don't most credit unions still have pretty strict membership requirements? Or is it just that the few that accept anyone, or anyone who pays a nominal fee, get the vast majority of applicants? Or do mediocre internal controls mean people who aren't members will get approved before based on their credit history before their membership eligibility is confirmed?
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

MemberSince99
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Postby MemberSince99 » Fri Sep 26, 2014 6:46 am

If you call paying a 5 dollar deposit a tough requirement, then yeah they're tough to become members of.

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Sep 26, 2014 7:56 am

MemberSince99 wrote:If you call paying a 5 dollar deposit a tough requirement, then yeah they're tough to become members of.


So credit unions like Navy Federal (which requires a prospective member to be a veteran, DoD employee, contractor, relative of such a person, etc.) are relatively unusual?

Without knowing what I know now, if someone had told me there was a NASA FCU, I would have assumed you had to work for NASA or an aerospace contractor to even become a member.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

MemberSince99
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Postby MemberSince99 » Fri Sep 26, 2014 8:31 am

Oh there are some that have requirements like that, like USAA, Navy and some others but generally it's not hard at all to become a credit union member, any harder than it is to open a bank account.


My Durango vehicle loan is through a credit union - you just open a 5 dollar account and you are a member. It's really that easy for the typical credit union.

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Vattené
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Postby Vattené » Fri Sep 26, 2014 9:04 am

There was a time when membership was more restrictive (e.g., a credit union was for a certain profession). Nowadays, requirements for a typical credit union are pretty much a joke.

Many bankers are sour over the preferential treatment credit unions get, arguing the playing field is slanted in their favor now that they have become in more direct competition with banks.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

popamode72
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Postby popamode72 » Fri Sep 26, 2014 9:34 am

There's one local credit union I've had an account with for over a year and a half now. Never really used the account much but I do remember that the requirements were basically that you had to live in one of the counties that the CU serviced and that you'd need to deposit 5 bucks as a minimum deposit and they did HP EX I believe. Maybe one day if I need a specific kind of loan like for a car and need it at a low interest rate, I'll have that credit union in mind for that.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)



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