Apparently I got the admission thing a bit wrong. The family member has to be an "immediate" family member (which apparently is everyone but uncles aunts and cousins from what I read) and they need to either be active duty or to have been a full time navy person that retired with a pension.
A current member can sponsor you if they are in your "household". (Same address) or part of your "family" (through blood relations or marriage)
If you are a defense contractor working with DOD where some of the contracts are on Navy bases you can get in
And if you work for certain government agencies you can get in.
It's complicated, but through six degrees of separation, there usually is a legitimate way to get in.
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Any current NCFU member can sponsor you. Any family member who was in the Navy can sponsor you. If you are a defense contractor or a family member of a defense contractor you can also join. I was able to join by having a current NCFU member sponsor me. (a friend, not related to me).Originally posted by pathfinders View PostLeave a comment:
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Hi backtoschool
I called but I was army reserve first Gulf war, they told me no you have to be active or retired etc, would you know of another way to join? or how do find a sponsor?
Possible another CU that is friendly?Leave a comment:
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My TU fico is around 680 and my Equifax fico is around 660 (due to one stupid card that continues to report as a current charge off no matter how many times I dispute it.Originally posted by PHXDWTN View Post
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They pulled equifax for me, so apparently ficos in the mid 600's are not an issue.
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WOW! ...and congrats!
That's all I can say. And maybe that that this is a perfect example that rebuilding credit right after discharge DOES make a difference and that there IS a life after BK!Leave a comment:
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NFCU approved me for a 21k visa!!!!
Okay, so I have read on other boards and on this one how bk friendly NFCU (Navy Federal Credit Union) is. I finally found a member to sponsor me and was able to join. I filled out the application and joined several weeks ago and got my visa check card and online log in and account information in the mail today.
I immediately went to the website and applied for a visa card. I was not expecting a large limit, but was hoping to get something larger that my largest current card which is my 2k capital one mastercard. (I also have a 1.5k capital one master card).
I filled out the online app and was instantly approved for a 21k nRewards visa at prime + 8.79 percent (which is somewhere between 12 and 13% right now I think) and no annual fee!
This is going to be a huge step in getting my credit profile healed and repaired. For those that are interested, I am just over 14 months post discharge and have had two credit cards for over a year (my orchard bank card and my 2k capital one card) I have had my other capital one card for 11 months.
NFCU rewards limits based on debt to income ratio and salary. My salary is relatively high. (I only put my base salary not any bonuses). But I have read on other credit boards that people with lower salaries still get approved for pretty high limits with NFCU. I have no balances on any of my cards right now. I also have a 23k car loan at 4.42 percent with Cap one that I have been paying on since September of 2010. And of course I have my huge albatross around my neck of 100k of student loans that were not discharged in my bk.
I am posting this info to show that one year post discharge if you work at credit repair, things will really start to stabilize and heal.
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