Gets 2 stars just because it is a Credit Union.
I join the Galveston Branch in 1993 (20 years), bought my House with UFCU, and I have a real good credit score.
I weather with UFCU many changes. Some are difficult to endure for example they now have a contractor to phone you after hours. UFCU share with them all your personal information!.
2. I try to get a used car loan, but they are not equipped to deal with transactions that are not with a dealer, they will not do title work (even for a fee).
3. There is a diversity of people handling your loan and no internal communication.
So after dealing with 3 loan officers, called to see if they received my signed documents, to find out that a new loan officer had to get approval from the loan underwriter again (done once before), and the papers will have to be approved. Approved for the second time, the next call was supposed to be house keeping (payments dates, etc). The next call informed that I did not have a loan, unless title work is re-done and I have to sign all loan paperwork one more time. Asked to talk to a manager, and she just spelled it for me in the polite-rude manner that an automatized answering system can convey.
In short, I had a loan, then I did not, then I did, then I did not... here I stopped it.
I declined to sign anything else... and now they are late in returning my Title.
This is a car I purchased for my 16 years old Kid because I like to make her happy, and is something I can definitely afford. A car loan was a sound decision because is the least expensive financing. But it did not work
I am leaving just a savings account at UFCU, but not doing any more business there (checking, credit cards, etc), because what if I really needed them?, what if I was in a financial constrain? and they proceed the same way they did with this simple used car loan?
Those are just too many questions, there is no way to make this wrong right, nothing they can do, because if not a mistake, is lack of organization, work flow and interest on serving the members.
Note that if they had good motivation for serving the members, this last point could compensate for any organizational failure... but it just does not. read more