What does WELLNESS FCU mean on my credit report?
Learn about WELLNESS FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is WELLNESS FCU?
WELLNESS FCU is shorthand for Wellness Federal Credit Union, with the company name being Wellness Federal Credit Union Inc
Wellness Federal Credit Union has been successfully serving thousands of members in health care field for more than 60 years. Like all credit unions, Wellness Federal Credit Union is a cooperative not-for-profit financial institution owned by its Members. At very competitive rates, the credit union provides loans and other services offered by the credit union to its Members. Also, any profits on interest or investment are returned to its members in the form of dividends.
WELLNESS 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 Wellness 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 $2400.
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⚫ The average high credit balance is $11400.
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⚫ The typical loan duration is 44 months.
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⚫ The average credit limit is $2400.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Secured
- ⚫ Collection Agency/Attorney
- ⚫ Credit Card
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for Wellness Federal Credit Union:
Address:
- 15 Van Dyke Ave Hartford, CT 06106
Website:
Email:
Phone:
Payments
you cannot make a payment at Wellness Federal Credit Union since they are closed on weekends and the Hartford Hospital Branch is closed daily between 11:30 am and 12 pm. However, you can apply for a loan online for instant pre-approval or call 860-547-0027, ext. 3.you can make payments online with Wellness Federal Credit Union’s Mobile Banking App, accessible via the App Store and Google Play Store. The enrollment process involves providing your account details, email address, and date of birth, and then retrieving a temporary password from your email.you can make payments using a mobile app by downloading the Wellness Federal Credit Union app and providing your account/member number, email address, and date of birth to gain access to it.there are 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? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online by downloading the Wellness Federal Credit Union Mobile Banking App, entering your account/member number, email address, and date of birth, and following the instructions to retrieve a temporary password. You can also apply for a loan in person at Wellness Federal Credit Union’s Main Office or Hartford Hospital Branch, both located in Hartford, CT. The Main Office is open Monday-Friday from 8:30am-4pm, and the Hartford Hospital Branch is open Tuesday-Friday from 10am-4pm. You can also apply for a loan with a cosigner at Wellness Federal Credit Union. They offer low-interest loans and have locations in Hartford, CT. You can apply online for instant pre-approval or contact them at 860-547-0027, ext. 3.
| 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? | No |
| 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 WELLNESS 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.
