What does MEMFIRSTCU mean on my credit report?
Learn about MEMFIRSTCU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MEMFIRSTCU?
MEMFIRSTCU is shorthand for Members First Credit Union, with the company name being Members First Credit Union Inc
MEMFIRSTCU 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 Members First 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 Members First Credit Union:
Address:
- 400 Dartmouth Drive Midland, MI 48640
Website:
Email:
Phone:
Payments
You can make a payment in Online Banking by registering yourself at mfcu.net, using the secure SSL protocol, and accessing 13 months worth of account history. Additionally, you may need to download a compatible browser for your device. You can also get a payment refund by contacting a member service representative at 855.835.6328 or registering yourself at mfcu.net and clicking the New User option. Additionally, you must be the primary member of the account to activate it, and a legal guardian or joint owner can do this for a minor. Online Banking is free and provides secure services through SSL and VeriSign security certificates. You can access 13 months of history and use Quicken or QuickBooks for Mac/Windows. The latest browser versions from the provider are recommended. You can make payments over the phone by contacting a member service representative at 855.835.6328. You can make payments online with secure financial services through the Secure Sockets Layer (SSL) protocol. You can also access 13 months worth of history on your account, use Bill Pay, eStatements, eAlerts, and other services. You will need to register yourself and use a compatible browser for a reliable user experience. Other payment options include using a check or money order. You can make a payment using a mobile app by accessing Online Banking which provides members with secure financial services, 13 months worth of history on their accounts, the ability to access VISA Access, bill pay, eStatements, eAlerts, and more. there are penalties for late or missed payments, including additional fees and a potential to negatively affect credit. You can make payments using a prepaid debit card. You can make a payment using a wire transfer through Online Banking. You will need to register your account and use a secure browser in order to access it.
| 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
they do not offer loan forgiveness. they offer loan consolidation. To qualify for loan forgiveness, the primary account holder must activate the account. This can be done by going to mfcu.net and clicking the New User option or by calling a member service representative.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
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 or with a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | Yes |
| 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 MEMFIRSTCU 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.
