What does 1ST FIN CU mean on my credit report?
Learn about 1ST FIN CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is 1ST FIN CU?
1ST FIN CU is shorthand for First Financial Credit Union, with the company name being First Financial Credit Union LLC
A financial cooperative (also known as mutual) is an organisation where individuals own and operate based on equity not capital, which pays high returns between 5% and 15%.
1ST FIN CU is a Credit Union provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with First Financial Credit Union.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average account balance is $300.
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⚫ The average high credit balance is $13500.
How do I contact them?
Here is the current contact details for First Financial Credit Union:
Address:
- 2942 W. Peterson Ave, Chicago, IL 60659
Website:
Email:
Phone:
Payments
First Financial Credit Union offers a variety of personal financial accounts and services which include mobile deposit, jumbo mortgages, and youth accounts with their Kirby Kangaroo Club. They also provide members with practical, personalized advice and a mobile app to help them better manage their money. You can make a payment using the LoanPay Xpress service, the mobile app, over the phone, or online. There are other payment methods available, such as check or money order. The credit union offers a full range of accounts and services to meet diverse needs, and provide members with personalized advice to help them achieve their financial goals.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
First Financial Credit Union offers a wide range of personal financial accounts and services, including jumbo mortgages, youth accounts with the Kirby Kangaroo Club for young savers, and access to a mobile app equipped with mobile deposit. They are dedicated to helping their members achieve financial success and provide a high level of knowledge, service, and integrity. Loan forgiveness is available for members.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
How to Apply
First Financial Credit Union offers a full range of personal financial accounts and services. You can apply for a loan online, over the phone, or in person. Using the mobile app, you can apply for a loan with mobile deposit, jumbo mortgages, and youth accounts with the Kirby Kangaroo Club for young savers. You can also apply for a loan with a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | Yes |
| Can I apply for a loan in person? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
What is a Credit Union
A credit union is similar to a bank, however it is owned collectively by the members and does not operate on a for-profit basis. Many credit unions are able to provision credit and issue credit cards, which may report on your credit report. Due to the none-profit nature of credit unions they are generally more trusted by the public, as they are less likely to act in a malicious fashion. However, credit unions can still make mistakes with reporting on your credit report therefore being aware of what is being reported, and take action against any unfair reporting.
How do I remove 1ST FIN CU from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.
