BECU secured visa security agreement UCC filing complications
I'm dealing with a nightmare situation with a BECU secured Visa card that's causing UCC filing headaches. Got this secured card about 18 months ago with a $2,500 deposit, everything seemed straightforward. Now I'm trying to close out some business financing and my lender is flagging potential issues with how BECU structured their security agreement. The language in their agreement references collateral in a way that might conflict with our UCC-1 filing for equipment financing. Has anyone else run into problems where credit union secured card agreements interfere with business UCC filings? I'm worried this could mess up our $45,000 equipment loan if there's overlap in how the collateral is described. The timing is terrible since our UCC-1 continuation is due next month and I don't want any complications with debtor name matching or conflicting security interests.
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Zoe Papanikolaou
Credit unions can be tricky with their security agreement language. BECU typically files pretty standard docs but their secured card agreements sometimes have broad collateral descriptions that can cause issues. What specific language in their agreement is your lender concerned about?
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QuantumQuasar
•The agreement mentions 'all present and future deposits and accounts' which my lender thinks might create a blanket lien that could conflict with our equipment financing UCC-1.
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Zoe Papanikolaou
•That's definitely problematic language. You'll want to get clarity on whether BECU actually filed a UCC-1 for that secured card or if it's just internal account security.
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Jamal Wilson
I had a similar issue with a different credit union last year. The key is understanding whether they actually perfected their security interest through UCC filing or just rely on account control. Most secured cards don't require UCC-1 filings since the deposit is held directly.
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QuantumQuasar
•How did you resolve it? Did you have to get documentation from the credit union?
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Jamal Wilson
•Yeah, I ended up getting a letter from them confirming no UCC filings were made and that their security interest was limited to the deposit account only.
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Mei Lin
•That's smart. Always get it in writing when dealing with potentially conflicting security interests.
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Liam Fitzgerald
Before you stress too much, try uploading your BECU agreement and your business UCC-1 to Certana.ai's document checker. It'll instantly flag any potential conflicts between the security agreements and help you understand if there's actual overlap in the collateral descriptions. Super helpful for catching these issues before they become problems.
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QuantumQuasar
•Never heard of that tool. Does it actually understand the legal implications of conflicting security interests?
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Liam Fitzgerald
•It's designed specifically for UCC document analysis. Just upload the PDFs and it cross-references debtor names, collateral descriptions, and filing numbers to identify potential conflicts. Really saved me time compared to manual review.
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Amara Nnamani
BECU is usually pretty reasonable about clarifying their security interests. I'd call their business banking department directly and ask for documentation showing exactly what collateral they claim and whether they filed any UCC-1 statements. Most secured cards don't require separate UCC filings.
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QuantumQuasar
•Good point. I should probably start there before assuming the worst.
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Giovanni Mancini
•Definitely call first. Most of these issues are just confusing agreement language rather than actual filing conflicts.
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NebulaNinja
The timing with your UCC-1 continuation is actually good - you can address any issues before the renewal. Just make sure your debtor name matches exactly across all filings. Credit unions sometimes use slightly different business name formats.
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QuantumQuasar
•That's a good point about name matching. I should double-check how BECU has our business name in their system.
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NebulaNinja
•Exactly. Even small differences like 'LLC' vs 'L.L.C.' can cause problems with UCC searches and continuation filings.
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Fatima Al-Suwaidi
•This is why I always get a UCC search done before any major filings. Catches name variations and unexpected liens.
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Dylan Mitchell
Your equipment lender should be able to help sort this out too. They deal with these situations regularly and probably have standard procedures for handling potential security interest conflicts. Don't let this stress you out too much.
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QuantumQuasar
•True, they've been pretty helpful so far. I think I'm just panicking because the loan closing is next week.
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Dylan Mitchell
•Totally understandable. Last-minute UCC issues are always stressful, but this sounds like something that can be resolved quickly with the right documentation.
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Sofia Morales
I've seen this exact situation before with BECU secured cards. Nine times out of ten it's just standard account security language that doesn't actually create UCC filing obligations. Get the clarification letter and you should be fine.
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QuantumQuasar
•That's reassuring. I'll contact BECU tomorrow and request written confirmation of their security interest scope.
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Dmitry Popov
•Good plan. Also make sure to keep copies of everything for your lender's file.
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Ava Garcia
Just went through something similar with a different credit union. Used Certana.ai to compare my secured card agreement with my business UCC-1 and it clearly showed no conflicts. Really helped put my lender at ease when I could show them the automated analysis.
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QuantumQuasar
•How long did the analysis take?
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Ava Garcia
•Pretty much instant once I uploaded both documents. Much faster than trying to compare everything manually.
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StarSailor}
•That sounds really useful for due diligence. Definitely beats spending hours trying to parse legal language.
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Miguel Silva
Update us on how this turns out! I'm curious whether BECU actually filed any UCC statements for your secured card or if it's just account-level security.
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QuantumQuasar
•Will do. I'm hoping it's just confusing language and not an actual filing conflict.
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Zainab Ismail
•Fingers crossed for you. These things usually work out fine once you get the proper documentation.
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Connor O'Neill
One more thing - make sure your UCC-1 continuation gets filed on time regardless of this BECU issue. You don't want to let that lapse while sorting out the secured card question.
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QuantumQuasar
•Absolutely. The continuation is my top priority. This BECU thing is just a potential complication.
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Connor O'Neill
•Smart approach. Handle the immediate filing deadline first, then clean up any collateral conflicts.
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Yara Nassar
•Agreed. Never let UCC continuations slide, even when dealing with other issues.
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