VantageScore Solutions Named Preferred Partner of National Association of Federal Credit Unions Services Corp.
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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."