What does ALCOA TN FCU mean on my credit report?

Learn about ALCOA TN FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is ALCOA TN FCU?

ALCOA TN FCU is shorthand for Alcoa Tenn Federal Credit Union, with the company name being Alcoa Tenn Federal Credit Union

Alcoa Tennessee FCU has served for more than 80 years proudly our members us and grew considerably since the day when we first obtained our charter, but we have always remembered our origins.

ALCOA TN 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 Alcoa Tenn Federal 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 account balance is $16500.

  • ⚫ The average high credit balance is $18000.

  • ⚫ The typical loan duration is 50 months.

  • ⚫ The average monthly repayment is $300.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for Alcoa Tenn Federal Credit Union:

Address:

  • P.O. Box 9001
    Alcoa, TN 37701

Website:

Email:

Phone:

Payments

To make a payment, you can contact Alcoa Tenn Federal Credit Union at 800.404.6008 or through their routing number 264278283. Customers are able to pay with a check or money order. Alcoa Tenn Federal Credit Union offers a mobile app that allows you to make payments. you can make a payment using a prepaid debit card. you can make payments using a wire transfer.

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

At ABC Bank, we offer loan forgiveness as part of our financial services. You could be eligible for loan forgiveness and other benefits depending on your financial situation. Contact a representative for more information. ATFCU offers loan consolidation options to help finance home improvement projects, shop for a home or vehicle, and more. To qualify for loan forgiveness, it is important to check the policies of the lender offering the loan. Additionally, it is important to ensure that the lender is federally insured by NCUA and is an Equal Housing Lender.

Question Answer
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan online, over the phone, or in person through Alcoa Tenn Federal Credit Union. You can also apply for a loan using their mobile app. Loans may require 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.

ALCOA TN 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 ALCOA TN 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.