What does ALAMO FCU mean on my credit report?

Is ALAMO FCU making an impact on your credit score?

Updated January 1, 2023
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What is ALAMO FCU?

ALAMO FCU is shorthand for Alamo City Credit Union, with the company name being Alamo City Credit Union

What is an alamo city credit union? A credit union is a nonprofit organisation where each member contributes on a voluntary basis. All profit is then distributed back to their membership via higher yields or reduced interest charges.

ALAMO FCU is a Federal Credit Union provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Alamo City Credit Union.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average high credit balance is $500.

  • ⚫ The typical loan duration is 10 months.

The account is classified under the following METRO2 categories:

  • ⚫ Secured

How do I contact them?

Here is the current contact details for Alamo City Credit Union:

Address:

  • 4801 NW Loop 410 – Suite 100
    San Antonio, TX 78229

Website:

Email:

Phone:

Payments

Alamo City Credit Union offers a variety of payment options, including Home Banking, Debit Card, and Remote Deposit. Payments can be made online, by phone, or using a mobile app. There is no information regarding penalties for late or missed payments. Alamo City Credit Union also offers wire transfer payment options.

Question Answer
Do they offer a monthly payment plan? 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

How to Apply

Alamo City Credit Union offers a variety of loan products with competitive rates. You can apply for a loan online, over the phone, or in person. The credit union also has a mobile app, Member.Net, which has home banking and remote deposit capabilities. For some loan products, you may need a cosigner. The credit union’s office hours are Monday and Wednesday from 8:30am to 5:30pm and Tuesday, Thursday, and Friday from 8:30am to 3:00pm. If you need to report a lost or stolen card, you can call 1-800-610-2696.

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.

ALAMO FCU 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 Federal 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 federal 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. The difference between a credit union and a federal is the fact that federal credit unions are federally insured.

How do I remove ALAMO FCU 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.