What does AM EAGLE FCU mean on my credit report?

Is AM EAGLE FCU making an impact on your credit score?

Updated January 1, 2023
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What is AM EAGLE FCU?

AM EAGLE FCU is shorthand for American Eagle Financial Credit Union, with the company name being American Eagle Financial Credit Union

As a Credit Union owned and operated by its members, American Eagle Federal Credit Union performs according to a transparent model that publishes reports on their annual activities.

AM EAGLE 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 American Eagle Financial Credit Union.

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

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

How do I contact them?

Here is the current contact details for American Eagle Financial Credit Union:

Address:

  • PO Box 280128
    East Hartford, CT 06128-0128

Website:

Email:

Phone:

Payments

American Eagle Financial Credit Union offers a variety of financial services, including savings accounts, checking accounts, credit cards, auto loans, mortgages, and business accounts. You can make payments over the phone, online, with a mobile app, by check or money order, wire transfer, or prepaid debit card. There may be penalties for late or missed payments.

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? Yes
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

American Eagle Financial Credit Union offers loan consolidation services. To qualify for loan forgiveness, customers must be residents of Hartford, Middlesex, Tolland, and New Haven counties in Connecticut or Hampden County in Massachusetts and have established an account with American Eagle in 1935. For more information, customers can contact American Eagle at 800.842.0145.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan online, over the phone, or in person at American Eagle Financial Credit Union. You can also use their mobile app to apply for a loan. If you need a cosigner, they can help with that too.

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.

AM EAGLE 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 AM EAGLE 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.