ok i im curious and have no clue on how credit unions work. Do i have to belong to a credit union to get a loan or credit card? if not do i have to build trust with them at first or which credit union can i go to? I am not in a local union or anything but i've heard they are good and would like to try them for a auto loan or credit card. please help.
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I believe the laws were changed a few years ago so that credit unions can recruit members from the whole state in which they are incorporated. We belong to two of them, one local and one distant (which we joined through a car dealer because they offered the best rate for my DH's car loan). In my experience the C/U is a great way to go for small loans and credit cards. I think they are all different. The best thing to do is to talk to your local C/U. Some offer very good advice about how to rebuild your credit. Good luck!Filed: August, 2003
Discharged: Thanksgiving Eve, 2003
Total Consumer Debt Granted Since BK: $6,100
Total Consumer Debt Left to Pay Off: $1,300 (Plus $50K+ in Student Loans ...
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Thank you....So i dont need to belong to a union to get into one? I have a mcu near me....can i just walk in? yea i've heard credit unions are the best...All i know of is mcu not other credit unions..Where can i find them?Comment
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no, you do not need to belong to a union to be a member of a CU. Some credit unions will accept anyone I think and other's will only accept certain people (usually related to your employer). We have two CU's where we live - one is for students/faculty/staff of Purdue University and then the CU we are members of will accept anyone I believe, but the $5 fee to join is waved if your employer is on their list of employers.Filed 8/2009
Discharged & Closed 11/2009
Now the rebuilding begins....Comment
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ok thank you. I'm going to check within this week and see what happens and I'll keep u posted. I appreciate all ur helpComment
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List of Credit Unions
MikeMike,
This site might help you find other C/U's:
Good luck!Filed: August, 2003
Discharged: Thanksgiving Eve, 2003
Total Consumer Debt Granted Since BK: $6,100
Total Consumer Debt Left to Pay Off: $1,300 (Plus $50K+ in Student Loans ...)Comment
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Here is additional info on CUs:
*Filed: September 23, 2009 *341: November 4, 2009 *Discharged: January 4, 2010 *Closed: January 20, 2010
Hakuna Matata...it means NO WORRIES!
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Test and haku thank you for your help. I'll keep u posted on the researchComment
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