First Secure State Bank on Your Credit Report
In short: First Secure State Bank, based in Wonder Lake, Illinois, is a state-chartered commercial bank that is not a member of the Federal Reserve System. FDIC records place the charter date at October 22, 1979 under certificate 22971; it is a late-twentieth-century charter, so its reporting history largely begins inside electronic systems. The 06/30/2026 call report shows $306 million in total assets across 7 FDIC-reported offices. Accounts originated here are furnished by First Secure State Bank itself, which means a §623 dispute goes to the institution that holds the underlying file. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who First Secure State Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
First Secure State Bank is recorded by the FDIC under certificate 22971 as a state-chartered commercial bank that is not a member of the Federal Reserve System, established October 22, 1979 in Wonder Lake, Illinois, with $306 million in assets and 7 offices as of 06/30/2026.
How First Secure State Bank appears on your credit report
First Secure State Bank is an original creditor, not a collector, and that changes the mechanics. Across 7 offices the servicing and reporting functions are usually centralised, so address the dispute to the bank's compliance or credit-reporting contact rather than a branch. Identify the account precisely, challenge one field at a time, and keep proof of mailing. What changes depends on what First Secure State Bank can verify, and that differs case to case.
Names it may report under
Products that commonly show up
- ◆Auto and equipment loans financed through local dealers
- ◆Personal lines of credit tied to a First Secure State Bank deposit relationship
- ◆Consumer installment loans booked across its branch network
Grounds to dispute a First Secure State Bank entry
Each of these is a reason a First Secure State Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Overdraft balance reported as a loan default rather than a deposit item
- ◆Payment posted at a branch on time but credited after the due date
- ◆Mortgage payoff recorded by the title company but not updated by First Secure State Bank
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
First Secure State Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, First Secure State Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send First Secure State Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
First Secure State Bank questions, answered
Is First Secure State Bank FDIC-insured, and what is its certificate number?
Yes. First Secure State Bank carries FDIC certificate 22971. The FDIC describes it as a state-chartered commercial bank that is not a member of the Federal Reserve System based in Wonder Lake, IL, established October 22, 1979, reporting $306 million in total assets and 7 offices as of 06/30/2026.
Who regulates First Secure State Bank, and where do I escalate if a dispute fails?
As a state-chartered commercial bank that is not a member of the Federal Reserve System, First Secure State Bank answers primarily to the FDIC and its state banking regulator. If both the §623 furnisher dispute and the §611 bureau dispute return verified while your own records say otherwise, you can file a CFPB complaint and, where warranted, pursue the private right of action under FCRA §§616–617. Both routes are free to you.
How many credit-card complaints does the CFPB show against First Secure State Bank?
No number is published here. When we queried the CFPB credit-card complaint data, no company key matched First Secure State Bank exactly, and we will not approximate one by partial-name matching — that routinely pulls in unrelated companies with similar names. Rather than imply a count we cannot source, we leave it out. The database is public and searchable at consumerfinance.gov.
How long can a First Secure State Bank charge-off stay on my credit report?
The FCRA ceiling is roughly seven years measured from the date of first delinquency on the First Secure State Bank account. That anchor date does not reset when the balance is charged off, sold, or transferred. A tradeline whose delinquency date drifts later has been re-aged, and re-aging is a reportable inaccuracy in its own right.
What is the difference between disputing with First Secure State Bank and disputing with a collector?
First Secure State Bank is the original creditor and holds the underlying file — application, statements, posting history. A debt buyer or agency works from whatever data came across in the transfer, which is often a single summary line. A §623 dispute to First Secure State Bank reaches the source documents instead.
Does First Secure State Bank report to all three credit bureaus?
Furnishing to all three bureaus is voluntary under the FCRA, and an institution with 7 offices may report to only one or two. Compare all three files first. With First Secure State Bank, a varying balance usually reflects different refresh dates; a varying account status or date of first delinquency is the real signal.
First Secure State Bank was acquired or changed names — why does my report show two accounts?
A single account showing twice is a classic conversion artifact. When First Secure State Bank migrates an account between core systems or through an acquisition, the old and new furnisher names can both persist. Push for removal of the duplicate entry instead of accepting a "closed" notation, which does not undo the scoring impact. In this case the charter is a late-twentieth-century charter, so its reporting history largely begins inside electronic systems.
Can I dispute First Secure State Bank reporting myself, without paying anyone?
Yes, and at no cost. Both the §611 bureau dispute and the §623 furnisher dispute are rights you already hold — no company is required to exercise them for you. Put the challenge to First Secure State Bank in writing, name one field, mirror it to the bureaus, and keep copies. Results vary with what the documentation supports.
What should I check first on First Secure State Bank reporting?
Start with the date of first delinquency, then the account status, then the high balance or limit — those three drive both the seven-year clock and the scoring weight. Pull your own statements and check the First Secure State Bank entry field by field. One documented error beats a broad removal request every time.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by First Secure State Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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