New Beginning is a special program designed to help you build credit and establish positive checking and lending history.
Having a positive credit history helps you in many ways in addition to receiving favorable interest rates on loans and lower premiums for insurance. A positive credit history will help when you apply for a property lease or a mortgage—and you’ll be more likely to obtain credit such as an auto loan or a credit card. In some instances, a positive credit history is necessary in order to qualify for certain jobs.
| 1) |
Ensure you are eligible within The Tennessee Credit Union’s field of membership. |
| 2) |
Complete a membership application at your local branch. |
| 3) |
Within 30 days of applying for membership, complete the online BalanceTrack Checking Account Management program available from BALANCE or obtain a hard copy from your local branch. |
| 4) |
Provide proof that any outstanding items on the ChexSystems report are paid in full—you may obtain your report by calling ChexSystems at (800) 428-9623. |
| 5) |
After all prior steps are complete, the final program documents will be provided by your local branch. |
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