What does SUN FEDERAL CREDIT UNI mean on my credit report?
Learn about SUN FEDERAL CREDIT UNI, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SUN FEDERAL CREDIT UNI?
SUN FEDERAL CREDIT UNI is shorthand for Sun Federal Credit Union, with the company name being Sun Federal Credit Union Inc
Welcome to SunFederal Credit Union! We’re a member-owned business where you can address all your financial needs. Our members are also our owners, so any of the profits that we see go right back into your pocket in the form of lower interest rates and no fees for members. After all…you own this one too! Find out about how to join SunFederal and take advantage of the benefits our members enjoy!
SUN FEDERAL CREDIT UNI 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 Sun 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:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Sun Federal Credit Union:
Address:
- 1917 Pickle Rd Oregon, OH 43616
Website:
Email:
Phone:
Payments
Sun Federal Credit Union offers many options for making payments, including online, over the phone, and through a mobile app. There are no penalties for late or missed payments. You can also use a prepaid debit card or wire transfer. Online banking is free for all members and has a three-tiered security policy.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| 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. However, they do offer loan consolidation along with many other services including checking, savings, credit cards, certificates and IRAs, transfer of funds, loan payments, downloading of transaction information, bill pay, setting up a budget or savings goal, and secure messaging. Online Banking is free for all members. It uses a three-tiered security policy and encryption to ensure secure access.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
Sun Federal Credit Union offers loans that can be applied for online, over the phone, or in person. A mobile app is also available for loan applications. There is also the option to apply for a loan with a cosigner using Sun Federal Credit Union’s Online Banking service.
| 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 SUN FEDERAL CREDIT UNI 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.