NCUA Member

National Credit Union Association (NCUA) is the independent federal agency that regulates, charters and supervises federal credit unions.  Backed by the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.

What do Lenders think of Alternative Credit?

The federally operated National Credit Union Administration (NCUA) ruled on November 9, 2010, that credit unions must accept alternative credit information at a member’s request when deciding on a member’s creditworthiness. If a member asks a credit union to consider information not gathered on a traditional credit report issued by the three credit bureaus, the credit union must comply. ANY creditor using credit reports to determine the creditworthiness of an applicant, must consider your alternative credit report if you present it.

eCredable.com has receive an opinion letter from the NCUA and regarding thier position on alternative credit.

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