New Credit Union Policy – Reporting Loan Information to Credit Reporting Agencies
Please take notice of a new Policy the Credit Union has adopted which could affect some of our shareholders. To date, the Credit Union has not been reporting loan information to credit reporting agencies. However, effective February 1, 2017, the Board of Directors have voted to begin reporting loan and mortgage information for all shareholders.This new policy will include the reporting of both a positive payment history, as well as delinquencies of over 90 days.
We will make every effort to notify and communicate with everyone who is on the Credit Union’s delinquency list and give them the opportunity to bring their loan status up to date before any reporting takes place.
If you have any questions, or need to discuss your loan status, please do not hesitate to contact the Credit Union office at firstname.lastname@example.org