Members 1st Credit Union is providing complimentary access to FICO(r) Scores for all their members. The scores, updated quarterly, are available through the credit union's online banking and mobile app. In addition to receiving the FICO(r) Score and top two score factors that impact their score, members also get extensive educational content. Having access to their FICO(r) Score can help members better understand their financial health.
"We are happy to give our members free access to their FICO(r) Score and empower them with the tools they need to make more informed financial decisions," says Aaron Pitroff, Vice President of Lending at Members 1st Credit Union.
FICO(r) Scores are based on information provided by consumer credit reporting agencies. 90% of top U.S. lenders use FICO(r) Scores.
The FICO(r) Score is the standard measure of U.S. consumer credit risk, and used in more than 90 percent of consumer lending decisions in the U.S. and in more than 25 countries on 5 continents. More than 10 billion FICO(r) Scores are purchased in the United States each year by lenders for their risk management decisions. Learn more about the FICO(r) Score Open Access program here.