What does LEHIGH VALLEY FEDERAL mean on my credit report?

Learn about LEHIGH VALLEY FEDERAL, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is LEHIGH VALLEY FEDERAL?

LEHIGH VALLEY FEDERAL is shorthand for Lehigh Valley Educators CU, with the company name being Lehigh Valley Educators CU Inc

LEHIGH VALLEY FEDERAL is a 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 Lehigh Valley Educators CU.

  • ⚫ 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 Lehigh Valley Educators CU:

Address:

  • 3720 Hamilton Boulevard Allentown, PA 18103-4503

Website:

Email:

Phone:

Payments

To make a payment with LVECU, you can do so online or in person at one of their locations. There is no monthly payment plan, but you can make a payment using a prepaid debit card. Wire transfers are not accepted as a payment method.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? No
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? No

Forgiveness and Cancellation

they do not offer loan forgiveness or consolidation. You can apply for a loan online or in person, and the loan approval process usually takes less than 24 hours with loan closings in a week. You can have a loan with LVECU even if you are out of state, but mortgages and home equity loans are limited to Pennsylvania. TransUnion is the credit bureau used to determine loan approvals, and you are not obligated to take the loan if you are approved. Inquiry about a loan on your credit report will not affect your score, but a large number of inquiries in a short period of time can. If your credit card is lost or stolen, call LVECU immediately.

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. You may also apply for a loan 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? 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.

LEHIGH VALLEY FEDERAL 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 LEHIGH VALLEY FEDERAL 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.