What does TUCSON FCU mean on my credit report?
Learn about TUCSON FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is TUCSON FCU?
TUCSON FCU is shorthand for Tucson Federal Credit Union, with the company name being Tucson Federal Credit Union Inc
A year later, Tucson Teachers Federal Credit Union (TTFCU) was serving 38 members and had acquired assets of almost $349. Twenty years later, TTFCU had grown to 2,220 members, $1.8 million assets and six full-time employees by approving TFCU on April 21, 2006 as “Community Chartered”.
TUCSON 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 Tucson 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 high credit balance is $22300.
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⚫ The typical loan duration is 68 months.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Tucson Federal Credit Union:
Address:
- 3801 E. Speedway Blvd. Tucson, AZ 85716-4021
Website:
Email:
Phone:
Payments
To make a payment using Zelle, you must enroll with Zelle through your online banking account or the mobile app. You can then log in to your online banking account or mobile app to send, request or receive money. The recipient must have a U.S. bank account, and must enter their basic contact information, an email address and U.S. mobile number, and a Visa or Mastercard debit card with a U.S. based account. Zelle is only available within the U.S. and requires a Visa or Mastercard debit card associated with a U.S. based account. You can make a payment using a mobile app by enrolling with Zelle through your online banking account or the mobile app. To enroll, you will need to provide your name, the name of your bank, an email address or U.S. mobile number, and a Visa or Mastercard debit card with a U.S.-based account. There are no penalties for late or missed payments with Zelle.
| 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? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
Zelle does not offer loan consolidation or forgiveness. Loan forgiveness is available for certain types of federal student loans. To qualify, borrowers must demonstrate a certain level of financial hardship, be employed in the public or nonprofit sector, or enrolled in certain repayment plans. Additionally, borrowers must meet certain eligibility requirements such as completing a specified number of payments and working full-time for qualifying employers.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Zelle is not a loan service and you cannot apply for a loan using Zelle.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | No |
| Can I apply for a loan using a mobile app? | No |
| Can I apply for a loan with a cosigner? | No |
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 TUCSON 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.
