What does FIRST COMMERCE CU mean on my credit report?
Learn about FIRST COMMERCE CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FIRST COMMERCE CU?
FIRST COMMERCE CU is shorthand for First Commerce Credit Union, with the company name being First Commerce Credit Union Inc
We empower our members to realise their potential and achieve their financial goals when they do business with us; as a credit union based in North Florida, we have developed over time into one of the most important institutions in our region.
FIRST COMMERCE CU is a 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 First Commerce 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.
How do I contact them?
Here is the current contact details for First Commerce Credit Union:
Address:
- P.O. Box 6416 Tallahassee, FL 32314
Website:
Email:
Phone:
Payments
you can make a payment by opening an account online with a $5 minimum opening deposit, visiting one of our locations, calling us, or using our Member Account Line. You can make payments over the phone by calling a Member Services Representative or using the convenient bank by phone service to check account balances and transfer funds. Payment options such as using a check or money order are available. FCCU offers online and mobile access for current members, with convenient bank by phone services to check account balances and transfer funds. Prepaid debit cards are accepted when making a payment with First Commerce Credit Union. Payments can be made using a wire transfer when opening an account with First Commerce Credit Union.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | 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
The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, the applicant must be employed by a qualifying employer, have made 120 qualifying payments, and not be in default on their payments.
| 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. You can also apply for a loan using a mobile app. If you need a cosigner, most lenders will require one.
| 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.
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 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.
How do I remove FIRST COMMERCE 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.