1. Navy Fed
Navy Fed is a well-known credit union that offers smooth approvals, especially if you have already established a relationship with them. From my personal experience, Navy Fed has been generous and typically does not ask for proof of income. Instead, they may require basic documentation such as your ID or articles of organization for business funding. Navy Fed provides attractive credit cards with credit limits that can go up to 25k, making it an excellent option for most individuals. Additionally, they offer auto loans, personal loans, and a business credit card, all of which can be obtained without proof of income.
2. PenFed
PenFed is another reputable institution that you should consider. They offer good personal swipes and auto loans. Unlike Navy Fed, PenFed pulls your Equifax report for evaluation. Therefore, if you want to diversify your credit stacking options, PenFed is a great choice. When applying for credit at PenFed, they typically require you to connect your bank account, and proof of income is not commonly requested. In my recent experience, I applied for their gold Visa card and was approved for around 11k with zero percent interest for 15 months. PenFed has proven to be a reliable institution for quick approvals.
3. Connexus Credit Union
Connexus Credit Union is a highly recommended institution backed by E-line Financial. Institutions affiliated with E-line Financial, like Connexus, generally do not ask for proof of income. Instead, they rely on stated income applications. When applying for credit with Connexus, they usually require your articles of organization and proof of ID. I have found that these are the only documents they typically ask for, even when calling their reconsideration line regarding a put-on-hold application. Connexus Credit Union is a reliable choice for automatic approvals without proof of income.
In addition to the above credit unions, you may also want to check out Connections Credit Union. They offer attractive business credit cards with zero percent interest for 18 months. They had a personal swipe option with zero percent interest for 24 months in the past, but it's unclear if they are still offering it. Leveraging personal credit cards can also be beneficial, and Connections Credit Union is worth considering for this purpose.
In conclusion, if you are looking to obtain credit without the hassle of providing proof of income, these three credit unions should be on your radar. Navy Fed, PenFed, and Connexus Credit Union have proven to be reliable institutions that offer smooth processes and convenient approvals. Remember to establish a good relationship with these credit unions for better credit stacking options.