Check our FAQs for answers to common questions
We've compiled some of the questions we hear most frequently from members when they visit a MECU Credit Union branch in and around Baltimore, MD, or when they contact us online. Chances are, the question you want to ask is here with the answer you need. And if it's not, feel free to contact us so we can help.
Loans
You received this “pre-screened” offer of credit because we used information from your credit report to determine that you satisfied certain pre-qualified criteria. Offer(s) are based on our estimation of your income and are contingent upon your:
- continuing to meet creditworthiness requirements;
- meeting income requirements consistent with the estimated values we obtained;
- debt-to-income is within acceptable limits; or
- providing acceptable collateral to secured the loan, if required.
Offers are not guaranteed if you:
- are no longer a member in good standing;
- applied for or obtained a MECU loan within the previous 60 days;
- have a pending approved MECU loan that you have not finalized; or
- are unable to provide acceptable identification.
The above pre-approved offers(s) are made available to you on the condition that you have a sufficient and verifiable source of income to meet the payment obligation and there has been no material change in your financial condition or creditworthiness. Offers are intended for the original recipient and not transferable to another person. MECU retains the right to perform and additional review, including, but not limited to, requiring verification of information, or obtaining a credit report to verify such information prior to loan disbursement.
We are allowed by law to pre-qualify you for these offers. If you do not want to receive prescreened offers from us or any other company, you may exercise the right to be excluded on pre-qualified lists by calling the toll-free number 1-888-5-OPT-OUT (1-888-567-8688), by visiting www.optoutprescreen.com or writing to the following address of the credit reporting agency which provides pre-qualifying lists to us: Experian Opt Out, P.O. Box 919, Allen, TX 75013-0919.
Yes, these offers are available for a limited time. Please refer to the Offer Expiration Date found on your offer letter or email. MECU will refresh LoanExpress offers several times per year, so if your offer does expire before you have a chance to take advantage of it, you may receive a new offer.
Your credit score is not affected by the LoanExpress pre-approval program and no inquiry will show on your credit report.1
Depending on your loan offers, you may accept up to one secured loan offer (vehicle or motorcycle) and one unsecured loan offer (credit card or personal loan).
You must accept offers before they expire and fund the loan within 30 days of the acceptance date.
You are welcome to submit a loan application for the full amount you want to borrow. Just keep in mind that doing so will trigger a full credit report review that may affect your credit score. Your pre-approval offer will become null and void.
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