What does ASSOC CU mean on my credit report?

Is ASSOC CU making an impact credit score?

Updated May 1, 2022

What is ASSOC CU?

ASSOC CU is shorthand for Associated Credit Union, with the company name being Associated Credit Union

Under a “People First” mentality, the needs of our members and the needs of our community are always at the forefront. Relationships with our membership are the heartbeat and soul of ACU. Therefore, joining $2 Billion Credit Union means that we’re here to support you live your life, save money on your terms, and grow your financial future. What are you waiting for? Join ACU Today! Get Lower Loan Rates, Higher Savings Rates And Overall Better Member Services

ASSOC CU is a Credit Union. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Associated 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 account is classified under the following METRO2 categories:

  • ⚫ Auto Loan
  • ⚫ Collection Agency/Attorney

More account infomation

  • ⚫ The average account balance is $6500.

  • ⚫ The average high credit balance is $8500.

  • ⚫ The typical loan duration is 36 months.

  • ⚫ The average monthly repayment is $200.

How do I contact them?

Here is the current contact details for Associated Credit Union:

Address:

  • 395 Grayson Hwy
    Lawrenceville, GA 30046

Website:

Email:

Phone:

  • (770) 448-8200
    (404) 524-3986

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

ASSOC CU SmartCredit Report

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

ASSOC CU 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 ASSOC CU 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.