Letters of Indebtedness
A Letter of Indebtedness is a formal document issued by the Central Bank Employees Credit Union (CBECU) that verifies the amount of debt owed by a member.
Purpose of Letters of Indebtedness
Loan Applications
Provide proof of existing debt when applying for new credit, refinancing or for legal proceedings to verify debt.
Embassy Letter
Provide proof of your financial position when undergoing the process of applying for a VISA to travel.
Steps to obtain your letter
Make a detailed request in writing, addressed to the Manager of the Credit Union.
Steps to Obtain Your Letter of Indebtedness
Follow these simple steps to request your Letter of Indebtedness from CBECU. This section explains the process in detail.
Request in Writing
01Make a detailed request in writing, addressed to the Manager of the Credit Union.
Submit Required Documents
02Provide identification and any other necessary documentation as specified in the form.
Pay Processing Fee
03A small fee may be required for processing your request. Details will be provided during the application process.
Receive Your Letter
04Once processed, your Letter of Indebtedness will be issued and can be collected from our office or sent to you via email or postal mail.
Required Documentation
Completed Request Form
Ensure all sections are filled out accurately.
Identification
Provide two valid forms of identification (e.g., passport, driver’s license, national ID).
Additional Documentation
Any other documents that may be required based on your specific request (e.g., proof of employment, loan statements).
Fees and Charges
Processing Fee
Our standard processing fee is $10.00 per request.
Expedited Service Fee
Additional charges may apply if you require expedited processing.
Delivery Charges
Costs associated with mailing the document, if applicable.
Calculate Your Letters of Indebtedness Fee
Use our Fee Calculator to estimate any fees associated with your Letter of Indebtedness. This tool helps you understand the costs involved, ensuring transparency and convenience.
Frequently asked questions
We understand that you may have questions about our services, membership, or how to get started. Our FAQs section provides clear and concise answers to the most commonly asked questions. If you can’t find what you’re looking for, our team is always here to help.
What is a Letter of Indebtedness?
A Letter of Indebtedness is an official document issued by CBECU that confirms the amount of debt owed by a member. It is used for various legal and financial purposes.
How long does it take to receive a Letter of Indebtedness?
Processing times can vary, but typically, you can expect to receive your letter within 5-7 business days. Expedited services are available for an additional fee.
What information is included in a Letter of Indebtedness?
The letter includes the member’s name, account number, total debt amount, and details of the debts (e.g., loan types, amounts owed).
Can I request a Letter of Indebtedness online?
Yes, you can request a Letter of Indebtedness by filling out the request form on our website. Alternatively, you can visit our office to complete the process in person.
Is there a fee for requesting a Letter of Indebtedness?
Yes, there is a processing fee for issuing a Letter of Indebtedness. The fee amount will be specified during the application process.
Contact Us
If you have any questions or need further assistance, please reach out to our member services team. Office Hours: Monday to Friday, 8:00 AM - 4:00 PM
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