Walden Savings Bank on Your Credit Report
In short: Walden Savings Bank runs a mid-size regional banking operation from Montgomery, New York, and is a state-chartered savings bank. The FDIC lists it under certificate 15987, established April 1, 1872. That makes it a nineteenth-century charter, so its reporting history predates most of the systems that now carry it. As of the 06/30/2026 call report, Walden Savings Bank held $1.02 billion in assets and operated 11 FDIC-reported offices. Walden Savings Bank books its loans on its own balance sheet, so it furnishes its own tradelines — meaning an FCRA §623 dispute goes straight to the party holding the underlying records, in parallel with the §611 route through the bureaus. 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 Walden Savings Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Walden Savings Bank operates under FDIC certificate 15987 from Montgomery, New York, where its charter has run since April 1, 1872; the 06/30/2026 call report shows $1.02 billion in total assets and 11 FDIC-reported offices.
How Walden Savings Bank appears on your credit report
Walden Savings Bank is an original creditor, not a collector, and that changes the mechanics. With 11 offices, reporting corrections usually route through a single operations contact — name the exact field and you skip several rounds. Identify the account by its last four digits and open date, name the single field that is wrong, and send the same dispute to all three bureaus so both FCRA tracks run in parallel. Whether anything changes depends on the underlying records, and that varies by account.
Names it may report under
Products that commonly show up
- ◆Direct consumer loans underwritten at the branch level
- ◆Mortgage and home-equity credit originated in the New York market
- ◆Consumer accounts originated across its 11 New York offices
Grounds to dispute a Walden Savings Bank entry
Each of these is a reason a Walden Savings Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆New York mortgage paid at closing but still showing a balance with Walden Savings Bank
- ◆Account settled with Walden Savings Bank still reporting the original charged-off balance
- ◆State-chartered account duplicated after a core-system conversion
- ◆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
Walden Savings 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, Walden Savings 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 Walden Savings Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Walden Savings Bank questions, answered
Is Walden Savings Bank FDIC-insured, and what is its certificate number?
Yes. Walden Savings Bank holds FDIC certificate 15987. The FDIC record shows a charter established April 1, 1872, headquarters in Montgomery, NY, and 11 FDIC-reported offices with $1.02 billion in total assets as of the 06/30/2026 call report. It is a state-chartered savings bank, supervised by the FDIC and its state banking regulator.
Who regulates Walden Savings Bank, and where do I escalate if a dispute fails?
As a state-chartered savings bank, Walden Savings Bank answers primarily to the FDIC and its state banking regulator. When a §623 dispute to the bank and a §611 dispute to the bureaus both come back verified and you still hold contrary documentation, the next steps are a CFPB complaint and, if needed, the private right of action FCRA §§616–617 gives you. None of that requires paying anyone.
How many credit-card complaints does the CFPB show against Walden Savings Bank?
We do not carry a complaint count for Walden Savings Bank. The CFPB credit-card dataset is keyed to company names that did not resolve unambiguously to this 11-office institution, and publishing a loose match would misattribute another company's record. Absence of a figure here is not a claim that there are no complaints — search consumerfinance.gov directly.
How long can a Walden Savings Bank charge-off stay on my credit report?
Generally seven years from the date of first delinquency. The common mistake is assuming the clock starts at charge-off — it does not. For Walden Savings Bank, find the first payment you missed and never made up; that is the anchor. If the reported date is later than that, dispute the date itself rather than the account.
What is the difference between disputing with Walden Savings Bank and disputing with a collector?
A collector's tradeline is a second, separate entry derived from information passed along at sale or placement. Walden Savings Bank's tradeline is the original, backed by the bank's own account records. That asymmetry is why a specific factual dispute to Walden Savings Bank tends to produce a documented answer, while the same dispute to a collector often produces only a verification code.
Does Walden Savings Bank report to all three credit bureaus?
Not necessarily — reporting is voluntary, and a mid-size regional institution may furnish to a subset of the bureaus on staggered cycles. Review all three reports side by side. Treat a balance discrepancy as a likely timing difference, but treat a conflicting account status or date of first delinquency on the Walden Savings Bank tradeline as a genuine dispute target.
Walden Savings Bank was acquired or changed names — why does my report show two accounts?
A single account showing twice is a classic conversion artifact. When Walden Savings Bank migrates an account between core systems or through an acquisition, the old and new furnisher names can both persist. Ask for deletion of the duplicate, not a closed-status update — a closed duplicate still counts against utilization. In this case, a charter this old has usually passed through several generations of core banking systems, and each conversion is a chance for an open date or a status code to be rewritten.
Can I dispute Walden Savings Bank reporting myself, without paying anyone?
Entirely. Nothing about disputing Walden Savings Bank reporting requires a paid service. Put the inaccurate field in writing to the bank, send a matching dispute to each bureau, and retain copies. Anyone promising you a specific point increase or a removal timeline is describing something they cannot control.
What should I check first on Walden Savings 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. Given that a charter this old has usually passed through several generations of core banking systems, and each conversion is a chance for an open date or a status code to be rewritten, pull your own statements and check the Walden Savings 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 Walden Savings 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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