Considering Alliance Federal Credit Union or already applying for its account? Find out whether Alliance 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 Alliance 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.
Details | |
|---|---|
| Method of Verification | Credit report, OFAC, Insta-Check |
| Notes | - |
| Official Response (Email or Phone) | When a person wishes to open a new account, the first thing we do is verify their identity. Most commonly, the person presents an unexpired, government-issued, picture ID, such as their drivers license and their Social Security card. Also acceptable would be a passport or military ID. After we have verified their identity, we also run a credit report from the Equifax credit bureau, and OFAC report, and a report from Insta-Check. We want to make sure that we have verified the identity of the person before they become a member of Alliance Federal Credit Union. We like to see a minimum credit score of 500 for new accounts. The minimum score for loans varies, but we would want to see it quite a bit higher than 500 for loans. |
Below you will find banks that don’t use ChexSystems as an alternative to Alliance 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.
Chime is a fast-growing internet-only bank. Unlike big banks, Chime was created during the smartphone era and, therefore, features an app that is more than just a way for customers to review their bank accounts.
Chime accepts all customers who apply. Even if you have bad or poor credit or have been blacklisted by ChexSystems or credit bureaus.
Apply NowThe Basics | ||
|---|---|---|
| Main Office | 8401 Quaker Ave Lubbock, TX 79424 | |
| Deposit Insurance | NCUA | |
| Established On | - | |
| CEO | Scott Rose | |
| Headquarter | Texas | |
| Number of Members | 19,105 | |
| Community Bank | - | |
| Institution Class | Federal Credit Union - Community credit unions | |
| Institution Type | Credit Union | |
| Credit Union Programs | Mortgage Processing | |
| Low Income Designation | Yes | |
| Member of FHLB | No | |
| Total Assets | $225,109,727 | |
| Asset Concentration | - | |
| Charter Number | 3987 | |
| Routing Number | - | |
| Membership Eligibility | In order to be a member at Alliance Federal Credit Union you must live, work or worship in Lubbock or Hockley County. | |
Services & Products | ||
| Accounts Offered | - | |
| Electronic Services | e-Statements, Account Balance Inquiry, Share Account Transfers, New Loan, Loan Payments, Download Account History, View Account History, Share Draft Orders, Bill Payment | |
| Access to Electronic Services | Kiosk, Home Banking via Internet Website, Audio Response/Phone Based, Automatic Teller Machine (ATM) | |
| Services & Products: Credit | Business Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Micro Consumer Loans, Share Secured Credit Cards, Risk Based Loans, Micro Business Loans, Debt Cancellation/Suspension, Overdraft Lines of Credit | |
| Services & Products: Depository | Business Share Accounts, No Cost Share Drafts, Share Certificates with low minimum balance requirement | |
| Services & Products: Financial Education | Financial Counseling | |
| Services & Products: Other | No Cost Tax Preparation Services, Student Scholarship, No Cost Bill Payer, Bilingual Services | |
| Services & Products: Transactional | No surcharge ATMs, ATM/Debit Card Program, Check Cashing, Money orders | |