Considering Alamo Federal Credit Union or already applying for its account? Find out whether Alamo Federal Credit Union uses ChexSystems and offers a second chance checking or savings account.
You walk into your local bank branch and sit down with your bank representative to talk about opening a checking account. Maybe you’ve been through some financial difficulties in the past, but you are ready to get back on track. But maybe not. You may think your financials are in good shape.
You wait with bated breath through the application process, only to let it out in a sigh of disappointment.
The banking representative turns to you and says, “I’m sorry, but we can’t open an account for you right now. You were rejected by ChexSystems.”
At that point, the banker probably explained ChexSystems to you in detail. If you haven't already, you can read our in-depth guide to ChexSystems and ChexSystems removal, and why it may be having a negative impact on your financial life.
Denials like these are surprisingly common. In fact, CNN has reported that approximately 15% of bank applicants are denied regular bank accounts.
Several members of our community have reported that Alamo Federal Credit Union DOES use ChexSystems but you can still qualify for an account if you don't owe any money to the bank. A second chance checking or savings account is another option to consider. Check out their financial products below and visit the official website to learn more.
|Method of Verification||TeleCheck|
|Official Response (Email or Phone)|
We use TeleCheck
Below you will find banks that don’t use ChexSystems as an alternative to Alamo Federal Credit Union in any step of the process. You can be sure that these banks won’t ever cross reference your records before deciding whether to let you open an account.
The list is suggested by our readers. Please consider the Unchex editor's curated list of banks that don't use ChexSystems for all the banking options available nationwide.
|Main Office||6577 First Park Ten Blvd San Antonio, TX 78213-4306|
|CEO||John F Kirk|
|Number of Members||6,400|
|Institution Class||Federal Credit Union - Multiple common bond - primarily federal, state, local government|
|Institution Type||Credit Union|
|Credit Union Programs||Brokered Deposits (all deposits acquired through a third party)|
|Low Income Designation||Yes|
|Member of FHLB||No|
Alamo FCU has recently changed its charter to include all persons who live, work, worship, volunteer or attend school in, businesses and other legal entities located within area bounded by Loop 410 in San Antonio, Texas.
Services & Products
|Electronic Services||Share Draft Orders, Remote Deposit Capture, Bill Payment, External Account Transfers, Account Balance Inquiry, e-Statements, Share Account Transfers, New Loan, Mobile Payments, Loan Payments, Member Application, View Account History, New Share Account, Download Account History|
|Access to Electronic Services||Home Banking via Internet Website, Mobile Banking, Automatic Teller Machine (ATM), Audio Response/Phone Based|
|Services & Products: Credit||Overdraft Lines of Credit, Participation Loans, Business Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Credit Builder, Indirect Consumer Loans, Risk Based Loans|
|Services & Products: Depository||Share Certificates with low minimum balance requirement, No Cost Share Drafts, Business Share Accounts|
|Services & Products: Financial Education||Financial Literacy Workshops, Financial Education, In-School Branches, Financial Counseling|
|Services & Products: Other||Bilingual Services, No Cost Bill Payer, Student Scholarship|
|Services & Products: Transactional||Money orders, No surcharge ATMs, Check Cashing, ATM/Debit Card Program|