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Conference 7.286::dcu

Title:DCU
Notice:1996 BoD Election results in 1004
Moderator:CPEEDY::BRADLEY
Created:Sat Feb 07 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1041
Total number of notes:18759

178.0. "Does DCU report loans?" by VLNVAX::RWHEELER (Laughing with the sinners) Wed Jun 07 1989 10:26


	Does the DCU report their loans yet to the credit bureaus?
	
	I know they weren't 2 years ago, does anyone know about now?
	
	/Robin
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178.1GIAMEM::S_JOHNSONBuy guns, not butterWed Jun 07 1989 17:0613
re< Note 178.0 by VLNVAX::RWHEELER "Laughing with the sinners" >


    I just ran a TRW credit report on myself, and two small loans I have with
   DCU did not show up.  However, a mortgage we got through DCU did show up,
   because it was sold immediately after closing to bancBoston.

   All credit unions are are not the same tho-  Leominster Credit Union, where
   I have two other loans, DID show up!

  Steve

178.2Official DCU ResponseTSE::LEEBERNobody Asked, Just My Opinion!Fri Jun 23 1989 17:3124
    This is an official response by Mary Madden of the DCU. The portion of
    that response, dated 23-June-1989, that applies to this note topic is
    included below. See note 2.22 for more information. 
    
    Your comments on this response should be posted here or directed to
    to DCU directly at Mary Madden's number (dtn) 223-6735 x207.
    (Note: New extension for Mary Madden)
        
    Carl Leeber
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Response to 178.0

DCU reports the following items to the credit bureaus:

1.       Loan account delinquencies; or

2.       Upon receipt of a member's First Mortgage application, 
         all of that member's DCU loans are reported via the 
         credit bureaus' written report.

Currently, we are working with the credit bureaus to establish a credit 
reporting process.  This process will allow us to report the status of all DCU 
loans.  DCU is anxious to provide this service. 
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