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 CPM 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.
Below you will find banks that don’t use ChexSystems as an alternative to CPM 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||1066 E Montague Ave North Charleston, SC 29405|
|Number of Members||54,132|
|Institution Class||Federal Credit Union - Multiple common bond - other|
|Institution Type||Credit Union|
|Credit Union Programs||Deposits and Shares Meeting, Approved Mortgage Seller, Mortgage Processing|
|Low Income Designation||Yes|
|Member of FHLB||No|
In order to become a member you must meet the eligibility requirements. If you live, work or worship in the Charleston area then you qualify for membership. However, if you are in the upstate or midlands area of South Carolina you must work for one of our member companies to qualify. Also, if you are a member of the South Carolina Fire Fighters Association then you automatically qualify for membership.
Services & Products
|Electronic Services||e-Statements, Share Account Transfers, New Loan, Loan Payments, Mobile Payments, View Account History, Electronic Signature Auth./Cert., Download Account History, External Account Transfers, Share Draft Orders, Bill Payment, Account Balance Inquiry, Internet Access Services|
|Access to Electronic Services||Mobile Banking, Home Banking via Internet Website, Automatic Teller Machine (ATM), Audio Response/Phone Based|
|Services & Products: Credit||Business Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Share Secured Credit Cards, Risk Based Loans, Overdraft Lines of Credit|
|Services & Products: Depository||Share Certificates with low minimum balance requirement, No Cost Share Drafts|
|Services & Products: Financial Education||Financial Education, Financial Literacy Workshops, Financial Counseling|
|Services & Products: Other||Bilingual Services, No Cost Bill Payer, Insurance/Investment Sales|
|Services & Products: Transactional||ATM/Debit Card Program, No surcharge ATMs, Check Cashing, Money orders|