VantageScore helps credit unions recruit more members and offer more loans.
By providing a fair and accurate credit score to a broader population, VantageScore 5.0 creates opportunities for credit unions to extend credit safely and soundly to consumers historically underserved by legacy processes.
Built for today’s market, VantageScore 5.0 enhances risk segmentation for thin-file, newly scored, and credit-inactive consumers, helping credit unions expand access without increasing credit losses.
The VantageScore 5.0 credit scoring model can help credit unions:
VantageScore can be provided to members for free along with educational materials as a member benefit.
With VantageScore 5.0, credit unions can pair a familiar 300-850 score range with reason codes to make credit education more transparent and actionable.
By engaging with members, credit unions establish trust and build loyalty.
Provided to consumers in a 12-month period.
Tools including estimators, simulators, and other helpful information are provided.
VantageScore 5.0 helps credit unions navigate the ever-changing landscape of credit scoring by aligning with the top NCRAs and scoring more borrowers, more consistently.
With a simplified segmentation approach and a tri-bureau model designed for score consistency, VantageScore 5.0 helps credit unions assess portfolio risk with greater confidence.
To get started, contact your NCRA representative and start using VantageScore 5.0 today.