STAMFORD, Conn. — VantageScore Solutions LLC, the company behind the VantageScore credit scoring model, announced today that it has been named a “Preferred Partner” by the National Association of Federal Credit Unions (NAFCU) Services Corporation, making it the only credit score developer to receive such a distinction.
“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,” said David Frankil, president of NAFCU Services Corporation.
After undergoing a rigorous evaluation process, VantageScore Solutions has been 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 white papers. The company will also 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 CEO 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. This is a value proposition which resonates with credit unions as they seek to better serve their members.”