What does GEFCU mean on my credit report?

Learn about GEFCU, an creditor 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 GEFCU?

GEFCU is shorthand for GEFCU, with the company name being GEFCU Inc

In 1931, GEFCU was founded as a financial cooperation to allow its members to better manage their finances and obtain credits. It is the oldest Credit Union in Austin, serving both Travis County and all of the Counties surrounding it. After becoming a member, you will always be a member of GEFCU. Its volunteer board of directors are elected directly by you and come from the local community, therefore you have a voice in the future of your credit union.

GEFCU is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with GEFCU.

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

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

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Unsecured

How do I contact them?

Here is the current contact details for GEFCU:


  • 1821 Directors Blvd., Austin, Texas 78744





payments can be made using a variety of methods, including credit cards, PayPal, bank transfers, and other online payment platforms. Most websites now offer an online payment system. These systems allow users to securely pay for goods and services using their credit cards or other payment methods. The company offers a 10% discount for customers who sign up for automatic payments. Late or missed payments may result in late fees and other penalties such as a negative impact on credit score or additional interest charges.

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? Yes
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

loan forgiveness is not available from this provider. However, they do offer loan consolidation which is a process of combining multiple loans into a single loan. This can be done to lower monthly payments and/or receive a lower interest rate. Loan forgiveness is possible through several programs administered by the U.S. Department of Education, however, borrowers must meet other eligibility requirements such as having a qualifying repayment plan, have a partial financial hardship, and be up-to-date on their payments.

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. Many lenders also offer the option to apply for a loan with a cosigner. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments.

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

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

GEFCU SmartCredit Report

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

GEFCU 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.

How do I remove GEFCU 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.