Applied on 6 feb still no updates, will they consider 3.49 rate or now new rates 6.99 for 72 months when they pick my account and pre approve
How did u get approved in 1 day this is miracleOh damn! They sure did! Glad I applied yesterday and got a conditional approval email today with the low rates.
Yeah for sure. I called to follow up on the status of my membership application. Then towards the end of the call the lady asked if I already applied for a loan. I told her no coz I don't have my membership info yet. She said to just go ahead and apply for the loan online and skip the membership part. Lo and behold, I get my pre-approval the next day via the previous rate.How did u get approved in 1 day this is miracle
Yes. I did refinance with Tower for my Tesla car (also i took new car finance few months ago for my ID4 and I do have membership with them)My refinancing w/ TowerFCU timeline.
Membership approved on 1/16
Loan App submitted on 1/19
Conditional Approval on 1/23
Sent Documents in on 1/24
Still waiting on Loan Processor as of today (2/10)
Does anyone else have the same issue w/ Tower taking forever to refinance?
Could you provide a timeline of your experience with GCFCU? For example, date you applied for membership, date you got approved, and how long the auto loan process took. I applied for membership and am now waiting.My first payment for GCFCU was due today the 15th (loan opened on (12/21/22). I set up automatic external transfers for the 10th of each month, I thought 5 days would be plenty for the transfer to occur. They pulled the funds from my external account on the 13th and they did not show as available until this morning after 9am. I kept logging in the past couple days worried that I would be hit with a late fee. Once I saw the funds transfer into the GCFCU, I immediately transferred to the car loan and it showed as paid and next bill due 3/15. That's a little too close for my comfort so I changed the transfer date to the 9th of each month.
Holy crap, you're a lifesaver. This actually worked! They were able to push my loan through within a day and it's now approved! Thanks!!!Yes. I did refinance with Tower for my Tesla car (also i took new car finance few months ago for my ID4 and I do have membership with them)
folks who applied at tower, and waiting for your loan to approved (issuing a check) do these things (assuming, you became member, applied auto loan, a loan application number is issued, and all the documentation is uploaded including POA etc..)
1. call Tower member services and find out your loan processor 4 digit extension
2. Call the that extension and leave a voice mail. (try this very early like around 9am to 9.15am (EST)
3. With high probability, your loan officer takes the call and ask about your loan (refer your application number)
4. if every document is uploaded (you can indicate with the loan officer), you loan will be approved in next one hr or so (you get document to esign)
One of my friend told me this, and even though my application is pre approved on Jan 24th, and it is sitting with loan officer where loan officer is completely overwhelmed with tons of application from all over US.. I left couple of messages on 4th or 5th but on feb 7th at 9.05am i was able to connect with my loan officer and by afternoon everything completed... All i said was, please look at my application and I uploaded all documents. Loan officer said, "ok. I am sending to final underwriter review".
It's all in this thread already, but I'm not sure how helpful the information would be anymore. I got approved back in either late Nov or early Dec when it was first posted in this thread. I think I was one of the earliest to apply before all the lurkers learned about it, so I didn't have the long wait that everyone else has. A month ago someone posted they were getting 150 applicants per day... I don't know how they'll ever catch up at this point.Could you provide a timeline of your experience with GCFCU? For example, date you applied for membership, date you got approved, and how long the auto loan process took. I applied for membership and am now waiting.
You are correct. Is on their website here.GCFCU stopped taking out of state applicants. Another one bites the dust.
Hi,I financed with US Senate Federal Credit Union for 3.49% for 60months. Although this rate is higher than Tower, the loan officer was infinitely more prompt. She responded to my inquiries fast via web messages and I was able to actually talk to her over the phone when needed. Contrary to this, I couldn't talk to any loan officer at Tower. They didn't even respond to any of my web messages. Additionally, USSFCU did not require notarized power of attorney. I was able to gather required documents without paying anyone.
Only minor annoyance was that USSFCU required $30 to be in the account in order to send the check overnight FEDEX. Since the account was so new, I couldn't normally transfer money in before waiting external accounts to be verified. had to do it over the phone and paid $7 fee.
Otherwise, I highly recommend them I would say give them a try if Tower is basically ignoring you.
Hi, yes it wasn't difficult. First, when trying to get the membership, it asks you to maka donation to US Capitol Society or something. It has the link. I can go there and there is bunch options for donation membership. It needs to be minimum $65 to become a member for that. Once I paid the amount, shortly an email comes showing confirmation that I paid $65 and became a member.Hi,
What was the process to get the loan?
Was it easy?
Did you call them or email?