ELFCU - Rebuilder Friendly Credit Union Master Thread

[road2freedom]

And clearly you are much higher on her calling list than I am. I'll be watching for your update Monday.

 

For reference, are you a rebuilder? BK? Old Baddies? Just curious for comparison sake.

[SCORPIO07]

I just noticed this on the website under rates..I don't remember seeing it before today.

 

 

****Introductory rate good for six months. 1) Annual Percentage Rate. / 2) After promotional period APR for Balance Transfers will be between 14.99% and 17.99% for Platinum Rewards VISA; between 13.99% and 17.99% for Platinum No Rewards VISA; This APR will vary with the market based on the Prime Rate. / 3) After promotional period your Standard APR for Purchases will be between 11.99% and 17.99% for Platinum Rewards VISA; between 10.99% and 17.99% for Platinum No Rewards VISA. This APR will vary with the market based on the Prime Rate.

[GreatHornedOwl65]

Does anyone know if they check Chex's or EWS?

 

Chex is affirmative.

 

 

 

Jamie has called me 5 times but, by the time I get off work they are closed so, I shot her a email to let her know that & she is going to get back with me to let me know of a day that she will be in later than usual so, she can talk to me. I thought that was nice of her & I have never had any banking institution call me that many times to see how things are going so far. For that matter, I only got 1 call from Navy, they were the only other CU or Bank to try to contact me.

 

 

Jamie has called me as well but I simply ignore the phone. I will call her when I am ready to speak to her. Its weird... them calling me. Making me think I did something wrong, or they are going to close my account or something. I dont like it.

 

Jamie suckered into making me do an INQ when it was clear from underwriting that i wouldnt have gotten approved at this time.

I get my mail from the mailman today & there is a letter from ELFCU and it's from Patti Harmon. No actual letter or anything like that, just 6 business cards. I was like huh ?

[Ron1]

The credit card's APR is high compared to the other CUs.

 

 

Ron.

[road2freedom]

I wonder what kind of BT offers they will have...

[Ron1]

I'm not worrying about the BT rate of the card. I wondered what's the minimum score to get approved for the card.

 

 

Ron.

[admiral84]

Looks like the credit cards are through FIA.

[Gaby10]

Looks like the credit cards are through FIA.

 

That's their old credit card.

[gravity357]

RELEASE THE HOUNDS!!

 

http://www.elfcu.org/credit-cards/

[lilyflower]

Yup, just coming here to say the application link is live.

 

Got the last judgement off my EQ this week so I'm very tempted but I've said so many times no new cards until fall since I have SO many new cards and I want to get a good six months on most of them.

 

I'm VERY interested in seeing what kind of approvals people get though.

[BobWang]

Elfcu card app system is up and running online....Got the 7-10 day message, not looking good! Equifax score around 600, BK in Nov 2011...Since BK 15,000 car loan with wifey co-signing, 6,000 NFCU rewards card, 900 firestone and the usual Cap 1 and Orchard toys. Paying balances on or before due date, only card currently with a balance is the Cash rewards card. 50k per year income not including spouse.

 

This might warrant a call tomorrow to see if it's a decline??

[BobWang]

I got a 30 day message, Equifax score around 640.

[BobWang]

I got the 30 day message and my EQ FICO is 697

[gravity357]

Here is the email I just got. With a auto refinance and a 5,000 LOC, I hope havent tapped out :\

 

Dear Gravity357,

 

Thank you for applying for a credit card at Eli Lilly Federal Credit Union. Approval is pending based on further review of your application. You can expect to hear from ELFCU within 7-10 business days.

 

Your application number is *******. Please retain this number as a record of this application for future reference.

 

If you have questions regarding your application or if you need additional financial assistance, please call us at 1(800) 621-2105.

 

Thank you for your interest and application,

Eli Lilly Federal Credit Union.

Edited May 21, 2012 by gravity357

[T77125]

30 day message. EQ is 710

[Ron1]

It's Here:

 

 

http://www.elfcu.org/news/20120521/something-big-is-here/

 

 

Ron.

[Ron1]

It looks like it is not an easy approval.

 

 

 

Ron.

Edited May 21, 2012 by Ron1

[T77125]

Nope. Guess will see whst happens. I checked EQ after I apped. No new inq for me from them.

[Ron1]

I saw they have both Platinum Rewards Visa and Platinum Visa Signature. I wonder what is the minimum score to get approved for Platinum Rewards Visa Signature Card.

 

 

Ron.

[road2freedom]

I will probably wait for the ELF call... none of this 30 day nonsense.

 

I also wonder if they are stalling on approvals for online apps since they are just rolling this out. I would imagine they will be manually checking apps against what their system would normally auto-approve to make sure it's working correctly.

[Gaby10]

Good luck, everyone!

[visorboy1974]

I wonder how many days the credit card app is live until ELFCU locks the gates due to the "CB effect".

[TrevorHere]

I wonder how many days the credit card app is live until ELFCU locks the gates due to the "CB effect".

 

I believe ELFCU already experienced that with the memberships, so they may be ready.

[road2freedom]

The first two "features" are interesting....

 

Entire monthly payment applied to your highest interest balance first

CARD act, anyone?

 

No interest charged on your interest

It's kind of hard to do otherwise since even a 2% minimum payment will exceed the monthly interest with even their highest rate (17.99%).

 

The BT offers aren't very enticing either. 0% for 6 months with a 3% fee

[road2freedom]

I'm not saying I won't apply (undecided at this point) but if I do I would probably only accept it if they offered a decent limit. I don't see this being a primary rewards earner or BT card. This seems like a run-of-the-mill CU card.