Mybranch Becu (2024)

FAQs

What credit score does BECU use? ›

BECU uses many application elements when reviewing a credit application. We may request a FICO^® Score as part of that decision process.

At any BECU ATM, one of our partner Shared Branch ATMs, or an ATM at another financial institution (up to $500 per day). You will need your BECU credit card and PIN.

BECU is financially solid with strong capital and liquidity positions that allow us to weather economic uncertainty. And like all credit unions, BECU is federally insured by the National Credit Union Administration (NCUA).

6.17% APY on Member Advantage savings accounts (up to $500). Savings account balances over $500.00 receive a rate of 0.50% APY. 4.07% APY on Member Advantage checking accounts (up to $500). Checking account balances over $500.00 receive a rate of 0.10% APY.

For other types of credit, such as personal loans, student loans and retail credit, you'll likely want to know your FICO^® Score 8, which is the score most widely used by lenders.

FICO scores are generally known to be the most widely used by lenders. But the credit-scoring model used may vary by lender. While FICO Score 8 is the most common, mortgage lenders might use FICO Score 2, 4 or 5. Auto lenders often use one of the FICO Auto Scores.

You can send up to $2,000 in a single day, or up to $7,500 monthly. To request an exception to these limits, contact us at 800-233-2328 or send a secure message through Online Banking or the mobile app.

This $20,000 cash withdrawal is above the $10,000 daily limit, so your bank automatically files a report under the BSA. Information about your large cash transaction is sent to the Financial Crimes Enforcement Unit (FinCEN) within the U.S. Treasury Department.

What is the lawsuit about? The lawsuit alleges that BECU violated Washington law by imposing overdraft and NSF fees at times when a member had a ledger balance—but not an available balance—sufficient to cover the transaction.

Who is BECU owned by? ›

As a member-owned cooperative, BECU is governed by a Board of Directors that is responsible for guiding the general direction of the credit union in the best interests of the membership and in accordance with BECU bylaws.

The five largest credit unions are Navy Federal Credit Union, State Employees' Credit Union, PenFed Credit Union, SchoolsFirst Federal Credit Union and Boeing Employees Credit Union. The largest, Navy Federal Credit Union, has more in assets than the rest of the top five combined.

BECU is now helping even more people, serving over 1.3 million member-owners across the Pacific Northwest and the country, up 4.5% in 2021. We welcomed over 109,500 new members last year.

The FICO Score is used by most lenders, and typically ranges from 300 (very poor) to 850 (exceptional). However, there are numerous FICO scoring models, and each of the three nationwide credit bureaus has its own FICO variation.

The FICO Bankcard Score 8 is a FICO^® Score that's created specifically for credit card issuers to help them understand the likelihood that a borrower will be 90 or more days late on a credit card payment in the next 24 months. The score has a wider scoring range—250 to 900—than the base FICO^® Score range of 300 to 850.

The credit score you see in U.S. Bank mobile and online banking is a unique score derived from the VantageScore 3.0 model to help you understand your creditworthiness. The model incorporates the same data considered by the three main credit reporting companies (TransUnion, Equifax and Experian).

The credit score you see on Chase Credit Journey^® comes from the VantageScore 3.0 model. However, other scoring models, like the FICO score, may weigh the individual aspects of your credit report differently. This can create variations in your score.