What does CALL FCU mean on my credit report?

Is CALL FCU making an impact on your credit score?

Updated January 1, 2023
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What is CALL FCU?

CALL FCU is shorthand for Call Federal Credit Union, with the company name being Call Federal Credit Union Inc

We are very proud to give back to the diverse communities that we serve-challenging times unite people, and we’re proud to be part of this bank since 1950 on the riverbanks of the James.

CALL 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 Call 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 account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney
  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for Call Federal Credit Union:

Address:

  • 4605 Commerce Rd, Richmond, VA 23234

Website:

Email:

Phone:

Payments

You can make a payment using Mobile Deposit. First, you must endorse the back of your check and print “For Mobile Deposit at Call Federal” or “For MDC at CFCU”. Then, while logged into your mobile banking app, locate and click the “Deposit” button, then click New Deposit. Take a picture of the front and back of the check, and submit. Your deposit may appear the next business day.Other payment options include using a check or money order. You can also make a payment using a wire transfer. To do so, you must endorse the back of your check and print “For Mobile Deposit at Call Federal” or “For MDC at CFCU”. Then, log into your mobile banking app, select ‘Deposit’, enter the amount of your check, and take a picture of the front and back of the check. Your deposit will be processed and you will be notified if it has been approved or rejected, with the deposit appearing the next business day.

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

Call Federal does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, first endorse the back of the check and print “For Mobile Deposit at Call Federal” or “For MDC at CFCU”. Then log into the mobile banking app and select “Deposit” and “New Deposit” to enter the check amount. Prepare the deposit by making sure the check is flat with all four corners within the guidelines and take pictures of the front and the back. After submitting, your deposit will be processed and you will be notified if it has been approved or rejected. The deposit may appear the next business day.

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

How to Apply

You can apply for a loan online, in person, or using a mobile app. If you use a mobile app, you must endorse the back of your check and take pictures of the front and back of the check. Your deposit may appear the next business day, but Federal Reserve holidays may cause a delay.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
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.

CALL 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 CALL 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.