What does OKLAHOMA FEDERAL CR UN mean on my credit report?
Learn about OKLAHOMA FEDERAL CR UN, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is OKLAHOMA FEDERAL CR UN?
OKLAHOMA FEDERAL CR UN is shorthand for Oklahoma Federal Credit Union, with the company name being Oklahoma Federal Credit Union Inc
Oklahoma State Bank opened in May 1948 as First National Bank & Trust Company and became known as Guaranty Bank and Trust Company in 1963. Its headquarters were moved to West Central Avenue in 1968.
OKLAHOMA FEDERAL CR UN 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 Oklahoma 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
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Oklahoma Federal Credit Union:
Address:
- 517 NE 36th Street Oklahoma City, OK 73105
Website:
Email:
Phone:
Payments
Oklahoma Federal Credit Union offers membership to those eligible and joining is easy - simply complete a new member account card and deposit at least $5.00 into a savings account and you are a member-owner. Your account will also be insured. Oklahoma Federal Credit Union offers a monthly payment plan. To get a refund, members can contact a Member Service Specialist for details. Oklahoma Federal Credit Union offers members the ability to make payments over the phone and online. Oklahoma Federal Credit Union offers discounts for automatic payments. Late or missed payments can result in penalty fees. Oklahoma Federal Credit Union offers payment options with prepaid debit cards and wire transfers.
| 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? | 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
Oklahoma Federal Credit Union offers loan forgiveness and loan consolidation to its members. To qualify for loan forgiveness, members must join the credit union and deposit a minimum of $5 into a savings account.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | Yes |
| Do they offer loan consolidation? | Yes |
How to Apply
you can apply for a loan online, over the phone, or in person at Oklahoma Federal Credit Union. To apply in person, become a member-owner by completing a new member account card and depositing a minimum of $5 into a savings account. Your accounts will also be insured. Mobile app loan applications are available for eligible members. You can 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? | 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 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 OKLAHOMA FEDERAL CR UN 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.
