Does Mountain America Credit Union Use ChexSystems?

Updated

If you’ve been denied a checking account due to a negative banking history, it can feel like your options are limited. ChexSystems is a consumer reporting agency that tracks your banking behavior, including unpaid fees, overdrafts, and account closures. These records can remain on file for up to five years, often making it difficult to open new accounts during that time.

How ChexSystems Can Limit Your Banking Opportunities

With around 80% of U.S. banks and credit unions relying on ChexSystems, a negative report can significantly restrict your access to traditional banking services. When a bank or credit union reviews your ChexSystems report, negative marks could lead to application denials. Despite these challenges, not every financial institution uses ChexSystems, and some even offer second chance accounts to help individuals rebuild their financial standing.

Mountain America Credit Union’s Use of ChexSystems

Mountain America Credit Union does use ChexSystems when evaluating checking account applications. If your ChexSystems report has negative information, it’s likely that your application will be denied by MACU. While this can be discouraging, there are still other banking options available to you that do not rely on ChexSystems for approval.

If Mountain America Credit Union’s reliance on ChexSystems is a barrier for you, consider exploring some options that don’t use ChexSystems. Here are a few alternatives worth checking out:

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