What does WEYCO COMMUNITY CU mean on my credit report?

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

Updated January 1, 2023
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What is WEYCO COMMUNITY CU?

WEYCO COMMUNITY CU is shorthand for Weyco Community Credit Union, with the company name being Weyco Community Credit Union Inc

This mission has been our driving force since our credit union was founded in 1959 as a cooperative, owned and governed by our members. As a cooperative, our credit union is member-run and governed. Our members are owners and have a say on how the Credit Union runs. This fundamental principle is the heart of our Credit Union’s success. Our Board and Committees are made up of elected members of our members.

WEYCO COMMUNITY 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 Weyco Community 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 high credit balance is $1000.

The account is classified under the following METRO2 categories:

  • ⚫ Unsecured

How do I contact them?

Here is the current contact details for Weyco Community Credit Union:

Address:

  • 210 West Blvd, Williamston, NC 27892, United States

Website:

Email:

Phone:

Payments

WCCU offers loans, home loans, personal loans, Online Bill Pay, and exclusive rates on life insurance through TruStage. They have a variety of monthly payment plans available, as well as a variety of payment options including using a check or money order. There are no penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? Yes
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

WCCU does not offer loan forgiveness. they offer loan consolidation and have a range of loan services, such as vehicle loans, personal loans, credit cards, and home loans. To qualify for loan forgiveness you need to complete an application form and provide the required information such as name, contact information, preferred method of contact, email and phone. Additionally, you may need to provide details about your accounts, investments, and loans.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan online, in person, or using a mobile app. You can also apply for a loan with a cosigner.

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.

WEYCO COMMUNITY 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 WEYCO COMMUNITY 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.