What does BAYOUCITYFCU mean on my credit report?

Is BAYOUCITYFCU making an impact credit score?

Updated May 1, 2022

What is BAYOUCITYFCU?

BAYOUCITYFCU is shorthand for Bayou City Federal Credit Union, with the company name being Bayou City Federal Credit Union

The credit union was founded in 1980 by employees for its members and their families, today there are active members from all walks of life, therefore, you can still keep it as your financial institution regardless of where your career takes you.

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

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Bayou City Federal 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 Bayou City Federal Credit Union:

Address:

  • 6414 Fannin St # G50, Houston, TX 77030, United States

Website:

Email:

Phone:

  • 713-704-3980

IdentityIQ Report Example

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

BAYOUCITYFCU 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 BAYOUCITYFCU 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.