VantageScore Solutions Named Preferred Partner of National Association of Federal Credit Unions Services Corp.
August 15, 2012
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STAMFORD, Conn. — VantageScore Solutions, the company behind
the VantageScore credit scoring model, was recently named a Preferred Partner
by the National Association of Federal Credit Unions Services Corp.
Officials declared the announcement made VantageScore Solutions the only credit score developer to receive such a distinction.
After undergoing a rigorous evaluation process, VantageScore Solutions said it was identified by NAFCU Services as a key provider of services to credit unions to help support their growth and productivity.
As part of the partnership, VantageScore Solutions will be providing NAFCU members and other credit unions with critical resources including research-driven white papers and will offer a wide variety of educational content related to credit scoring through Webinars, Webcasts, podcasts and other channels via a landing page on NAFCU's website.
"Robust underwriting is critical to the credit-granting arms of our nation's credit unions so I am delighted that VantageScore Solutions has been named a NAFCU Services Preferred Partner," said Barrett Burns, president and chief executive officer of VantageScore Solutions.
"With the VantageScore model, credit unions receive a highly predictive credit scoring model that scores a broader population and provides more consistent scores across all three credit reporting companies," Burns continued. "This is a value proposition which resonates with credit unions as they seek to better serve their members."
David Frankil, president of NAFCU Services Corp., added, "The challenged economy of the past few years has affected many credit union members, and credit unions are seeking new and more effective approaches to risk management to better meet the needs of both mainstream borrowers and the underserved.
"Better credit scoring analytics translate directly into more lending to more members, especially those that are credit worthy and would have been denied under old scoring models," Frankil went on to say. "It's critical that credit unions leverage innovation in the credit scoring industry to drive performance, which is why VantageScore Solutions is such a terrific fit for our program."
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