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Why do you NEED a credit union?
Let’s talk about a specific subject today!
CREDIT UNIONS/Community Banks
Credit Unions offer products to consumers and businesses!
Why I love Credit Unions and you should too:
Credit Unions offer many more credit BUILDING products than banks. They generally have secured loans and secured credit cards
Credit Unions are all about relationships. They are flexible! When you join as a member you are building a relationship.
Credit Unions often have Easier approval requirements than big banks and look at FICO 9 scores which are close to vantage scoring models (those on Credit Karma)
Credit Unions may not come with as many fancy rewards and offers like Chase, American Express, CapitalOne, etc. but they will give you credit cards and high credit lines.
They have a lot of money to lend
They are Great to get consumer credit cards and business credit cards.
Don’t just take my word for it, go apply the knowledge!
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4 Replies
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Thank you, Amber. I fully agree. Credit Unions are the best places to get credit cards, personal loans, auto loans and any other loan programs. I highly recommend Sofi credit union, and Mountain View Credit Union for unsecured credit cards.
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Credit unions are a great option for borrowers who will not qualify for a C.O. refi with a traditional lender due to LTV being too high. I always suggest to my borrowers to have a savings account, CC, and an auto loan with a reputable local C.U. They are a great backup option.
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Dustin, one of the best easiest credit unions is Mountainview Credit Union which is in Provo Utah. However they are not granting credit to loan officers until further notice
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Contact Marine Credit Union. Troy Fredrick a senior personal banker and hands down goes above and beyond to help you. Troy Fredrick can help get your credit rebuilder programs.