I applied online today for the interest checking. Site responded with "Pending" status and i would receive an email within 1 business day with the response. About 30 minutes later I recveived this email:

Dear EmJay:

Congratulations! You've been pre-approved for Membership. All accounts are subject to Patelco Credit Union's terms and conditions. This pre-approval offer expires 10/1/2008.

In addition, the following stipulations apply to your approval. Please mail or fax copies of the following documents to Patelco for review:

Provide copy of state issued drivers license or identification card
Provide a copy of Social Security card
Listed below are the accounts you applied for and their decision status. All approved accounts are subject to Patelco Credit Union's terms and conditions.

Product Status
Interest Checking Approved

At Patelco, we are dedicated to serving our members. As one of the nation's largest credit unions, we are proud to offer you high-yield savings, low fees and valuable features like 24/7 online account access, the convenience of e-statements, and direct deposit. Simply put, Patelco gives you more value for your money.

Thank you for choosing Patelco Credit Union for your financial needs!

Sincerely,

Patelco Member Service Representative


I have one question. Once i submit the required documents, will i be approved?

With 2 negatives on my CR and 1 NSF in chexsystems, i could use a credit union for a car loan. Hopefully i get some good rates.

I don't have my SSC on me. So, i won't be able to fax the documents til tomorrow. I'll keep you posted.

It sounds like you are approved yes. How did you qualify for membership?

Last I checked Patelco uses Chex. careful, they may have not run you through yet since it's only a "pre-approval subject to their terms and conditions"

Did you get the account?

unfortunately many times banks and credit unions wait and run chexsystems at a later time then deny or close the account, so yes be cautious

That is great news! They just opened a branch near me and I wanted to open an account. Did you do all of this online?

If there is an outstanding ChexSystems, isn't that based on a combination of SSN, DL# and/or current address?

I am curious, as I have a two year old NSF that should be cleared up, but I want to address it first with Chex before I pursue the Patelco account.

Thanks!!

One warning about Patelco..only deposit funds at Patelco branches, not at any of their "co-ops". I have deposited twice at Bank of the West and neither deposit made it into my account until I threw a fit. Overall, I am very satisfied with them, however.