Account Closure Letter

Periodically, we review our loan portfolio and the credit standing of our members. Recently, we completed a review of your (Account). Due to a decline in your credit rating we are required to remove your limit and close your account.

The credit information used to determine this change in rate was provided by (Credit Bureau). To view a copy of your credit report, contact (Credit Bureau at Phone Number/ Website).

(Credit Union) wants to help you achieve your financial goal, whether it means getting out of debt, buying your first home, or retiring. One benefit of (Credit Union) membership is access to free and confidential assistance and personal finance information through BALANCE, a financial education and counseling service. BALANCE counselors can help you interpret the information on your credit report and take the necessary steps to improve and maintain your credit standing. To use the service, simply call, toll-free 888-456-2227, or find more information at www.balancepro.net.

We value your membership. If at a later date you feel your creditworthiness has improved, we welcome you to apply to re-establish a line of credit with (Credit Union).