What does ONE SRC FCU mean on my credit report?
Learn about ONE SRC FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ONE SRC FCU?
ONE SRC FCU is shorthand for Bank at One Source Federal Credit Union, with the company name being Bank at One Source Federal Credit Union Inc
Credit unions have had a long tradition of assisting people to establish themselves economically and improving their financial profile. However, by offering co-operative programmes such as Shared Branching and CO-OP networks, One Source FCU provides members with innovative conveniences and protections alike. As credit unions grow ever more competitive in terms of ATM access and online banking, they may begin to resemble traditional banks from within, but remain distinct on the inside.
ONE SRC FCU 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 Bank at One Source 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 $1200.
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⚫ The average high credit balance is $15500.
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⚫ The typical loan duration is 40 months.
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⚫ The average monthly repayment is $200.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Bank at One Source Federal Credit Union:
Address:
- 8870 Gazelle DriveEl Paso, TX 79925
Website:
Email:
Phone:
Payments
One Source Federal Credit Union offers a variety of payment options, including online payments, wire transfer, and prepaid debit card. There is no monthly payment plan and no penalties for late or missed payments.
| 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? | 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 or loan consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
One Source Federal Credit Union offers loans that can be applied for online, over the phone, or in person with locations in East El Paso, West El Paso, Las Cruces, and Far East El Paso. They offer an online banking and loan payment service, accessible through both a mobile app and website. One Source Federal Credit Union’s Routing / ABA number is 312080970.
| 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 ONE SRC FCU 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.
