What does EMERY FED CU mean on my credit report?
Learn about EMERY FED CU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is EMERY FED CU?
EMERY FED CU is shorthand for Emery Federal Credit Union, with the company name being Emery Federal Credit Union Inc
Concerning Emery FU, Emery Federal Credit Union is a full-service financial institution committed to serving its members. At Emery, we lead with heart; honor, education, attitude, responsibility and teamwork. We form relationships and provide support to our communities. A member of Emery means exclusive discounts, great deals and banking services tailored for you. We invest in our community.
EMERY FED CU is a Federal Credit Union provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Emery Federal Credit Union.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average account balance is $100.
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⚫ The average high credit balance is $1300.
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⚫ The typical loan duration is 10 months.
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⚫ The average credit limit is $500.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Credit Card
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for Emery Federal Credit Union:
Address:
- 7890 E Kemper Rd, Cincinnati, OH 45249, United States
Website:
Email:
Phone:
Payments
Emery offers online payments and has mobile apps for Android and iPhone. You can also make payments to Emery Federal Credit Union at PO Box 37035, Boone IA 50037-0035. Contact Phone Customer Service at 800-553-5513 or 513-530-9351 for assistance. There is a limit of $205 for ATM withdrawals and $1,000 for POS purchases per day.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Do they offer a discount for automatic payments? | No |
Forgiveness and Cancellation
Loan forgiveness and consolidation are both options with this company. There are certain qualifications that must be met in order to be eligible for either one.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. Some lenders also offer mobile apps. You may be able to increase your chances of approval by applying with a cosigner.
| 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? | No |
| Can I apply for a loan using a mobile app? | No |
| Can I apply for a loan with a cosigner? | No |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your 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 EMERY FED CU 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.
