Does Cedar Falls Community Credit Union Use ChexSystems? Is it Good for Bad Credit?

Considering Cedar Falls Community Credit Union or already applying for its account? Find out whether Cedar Falls Community 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.

Cedar Falls Community Credit Union

Several members of our community have reported that Cedar Falls Community 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
Notes -
Official Response (Email or Phone)

We do pull a credit report. We are making sure the report shows No bad checks and no other financial charge offs.

Top Banks That Don’t Use ChexSystems

Below you will find banks that don’t use ChexSystems as an alternative to Cedar Falls Community 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.

Apply Now
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.

Learn More
Main Office
123 W 4th St Cedar Falls, IA 50613-2831
Deposit Insurance
NCUA
Established On
-
CEO
Helen Pearce
Headquarter
Iowa
Number of Members
7,941
Community Bank
-
Institution Class
Federally Insured State-Chartered Credit Union
Institution Type
Credit Union
Credit Union Programs
-
Low Income Designation
No
Member of FHLB
Yes
Total Assets
$93,313,324
Asset Concentration
-
Charter Number
65565
Routing Number
273972839
Membership Eligibility

You are eligible for membership in Cedar Falls Community Credit Union

if you live or work in any of these Iowa counties:

  • Black Hawk
  • Bremer
  • Butler
  • Grundy
  • Fayette
  • Buchanan
  • Chickasaw
Accounts Offered
-
Electronic Services
Download Account History, e-Statements, Bill Payment, Account Balance Inquiry, View Account History, Share Account Transfers, New Loan, Loan Payments, Share Draft Orders
Access to Electronic Services
Mobile Banking, Automatic Teller Machine (ATM), Audio Response/Phone Based, Home Banking via Internet Website
Services & Products: Credit
Business Loans, Participation Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Share Secured Credit Cards, Risk Based Loans, Debt Cancellation/Suspension, Overdraft Lines of Credit
Services & Products: Depository
Health Savings Accounts, Business Share Accounts, Share Certificates with low minimum balance requirement, Individual Development Accounts, No Cost Share Drafts
Services & Products: Financial Education
In-School Branches, Financial Literacy Workshops
Services & Products: Other
No Cost Bill Payer
Services & Products: Transactional
ATM/Debit Card Program, No surcharge ATMs, Prepaid Debit Cards