bradjohnson22 Posted March 22, 2007 Report Share Posted March 22, 2007 I tried to close all bank accounts with Navy Federal CU upon leaving the USMC. I had a loan through them at the time. They closed my checkin, but would not close my savings account, they left 1 dollar in it. That loan was written off a few years back; however, NCFU takes the interest off the $1 and applies it to the loan. Hence the written off acct keeps getting activity on it. How can I stop this? Now that Im older, I feel like I got tricked. I was a dumb 22 yr old when they told me that and I went with it. Link to comment Share on other sites More sharing options...
someonesomewhere Posted March 22, 2007 Report Share Posted March 22, 2007 Did you sign anything permitting this?If you have the routing number and account number still, you could try to empty the $1 outta the account. Maybe sign up for Paypal, add that account, find a friend who's on Paypal, and then send them a $1 outta that account. Link to comment Share on other sites More sharing options...
unusualsuspect Posted March 22, 2007 Report Share Posted March 22, 2007 Yes its legal & permissible. In order to keep the loan with Navy Federal at the time you still had to be a member so they had to leave the account open (NCUA Rules). You are still a member of the credit union. I'd try to work something out with them with respect to the charged off loan that is of course if you want the dollar back. Link to comment Share on other sites More sharing options...
bradjohnson22 Posted March 23, 2007 Author Report Share Posted March 23, 2007 Well, its not that I want the dollar back. The last account activity was in 2003, but with the way they have this set up, it gets re-aged every month. This should drop off in 3 yrs, should I say. I just sent dispute papers to them. I dont believe they have documentation(the loan contract or anything) or they would have went after a judgement a long time ago. Link to comment Share on other sites More sharing options...
unusualsuspect Posted March 23, 2007 Report Share Posted March 23, 2007 Navy Federal will have the paperwork-- trust me. Several friends of mine work for NCUA. At this point, I would test the waters with a goodwill letter (credit unions generally fall for this nicely). I don't know what you owe, but like I said there may be an opportunity to settle the account. Link to comment Share on other sites More sharing options...
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