What does TRNTY VLY CU mean on my credit report?

Learn about TRNTY VLY CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
Header image

What is TRNTY VLY CU?

TRNTY VLY CU is shorthand for Trinity Valley Credit Union, with the company name being Trinity Valley Credit Union Inc

This group met on 16 June 1938; the credit union had a federal charter and the primary objectives of the credit union were to provide a reliable source of credit and financial services to its members at a reasonable price for family members of those eligible.

TRNTY VLY CU 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 Trinity Valley Credit Union.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average account balance is $1100.

  • ⚫ The average high credit balance is $10300.

  • ⚫ The typical loan duration is 50 months.

  • ⚫ The average monthly repayment is $100.

The account is classified under the following METRO2 categories:

  • ⚫ Unsecured
  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for Trinity Valley Credit Union:

Address:

  • 3301 TX-256 Loop, Palestine, TX 75801, United States

Website:

Phone:

Payments

payments cannot be made online. To make a payment, visit the physical address 3301 S Loop 256, Palestine, TX 75801, or contact the credit union at (903) 729-0207, (800) 340-8270. They offer services such as personal loans, savings and CDs, signature loans, and more. For more information, please visit their website or contact them directly. Trinity Valley Teachers Credit Union offers online payments and a variety of other services such as Visa Debit Cards, Safe Deposit Box Rental, Notary Service for Members, Personal Loans, Auto Loans, Savings & CD’s, Online Banking, and Mobile Banking. Trinity Valley Teachers Credit Union offers mobile banking, allowing customers to make payments via a mobile app. there are 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? No

Forgiveness and Cancellation

Trinity Valley Teachers Credit Union does not offer loan forgiveness or consolidation. Loan forgiveness qualifications vary depending on the type of loan and the granting institution. To determine eligibility, contact the lender or visit their website for more information.

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 at Trinity Valley Teachers Credit Union. A cosigner may be required for some loans.

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.

TRNTY VLY CU 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 TRNTY VLY CU 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.