Does American Lake Credit Union Use ChexSystems? Is it Good for Bad Credit?

Considering American Lake Credit Union or already applying for its account? Find out whether American Lake 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.

American Lake Credit Union

Several members of our community have reported that American Lake 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.

Top Banks That Don’t Use ChexSystems

Below you will find banks that don’t use ChexSystems as an alternative to American Lake 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.

Editor's Choice

CIT Bank

The CIT Bank Savings Connect account is the best among banks that don’t use ChexSystems. Unlike many other non-ChexSystems accounts, the CIT Bank Savings Connect is also a high-yield savings account that can help grow your savings much faster than most other banks can.

Features and Benefits:

  • Interest-bearing
  • Minimum balance requirement: $0
  • Monthly maintenance fee: $0
  • Monthly ATM charge reimbursements of up to $30

Why is it recommended for you?

Although CIT Bank has a relatively high minimum deposit ($100) to get started, it offers one of the best interest rates among online banks, and has no opening, monthly servicing, online transfer or incoming wire fees.

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The Best Alternative

The Complete ChexSystems Removal Kit

Our comprehensive ChexSystems Removal Guide includes the exact documents and instructions guaranteed to help you get off ChexSystems and start banking again.

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Main Office
9900 Veterans Dr SW Tacoma, WA 98493-0001
Deposit Insurance
Established On
Kolin C McMann
Number of Members
Community Bank
Institution Class
Federally Insured State-Chartered Credit Union
Institution Type
Credit Union
Credit Union Programs
Borrowing Repurchase Agreements
Low Income Designation
Member of FHLB
Total Assets
Asset Concentration
Charter Number
Routing Number
Membership Eligibility
Membership Is Open To:

Any person living in a school district in the state of Washington. Employees and Volunteers of the VA Medical Center, Tacoma, WA. Washington State Army and Air National Guard employees and retirees Washington State Military employees. Camp Murray employees.
Veterans of all service branches receiving service at the VA Medical Center at American Lake are now eligible for membership. Any family members of existing Credit Union members. Once you are a member, you can keep your account open no matter where you work or live.
Accounts Offered
Electronic Services
View Account History, Share Account Transfers, New Loan, Loan Payments, Bill Payment, Download Account History, Account Aggregation, Account Balance Inquiry, e-Statements, Share Draft Orders
Access to Electronic Services
Home Banking via Internet Website, Automatic Teller Machine (ATM), Mobile Banking, Audio Response/Phone Based
Services & Products: Credit
Share Secured Credit Cards, Participation Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Indirect Consumer Loans, Micro Consumer Loans, Risk Based Loans
Services & Products: Depository
Share Certificates with low minimum balance requirement
Services & Products: Financial Education
Financial Counseling
Services & Products: Other
No Cost Bill Payer
Services & Products: Transactional
ATM/Debit Card Program, Money orders, Check Cashing