Having knowledgeable and educated members who understand the importance of a good FICO® Score is immensely beneficial to the overall financial health and well being of both your members and your credit union as a whole. Many members mistakenly assume a "good enough" credit score will ensure that they can get a credit card or approved for a mortgage or auto loan, and that's "okay enough." Especially younger adults, who are just getting used to the burdens of adulthood, won't think twice about being late on a payment, as they don't understand the impact this has on both their short and long term financial health. Your credit union's role in the matter of credit scores is teaching your members that just okay is not okay. Here are some points to hit home with members on why they should pay attention to their credit scores, as well as benefits these bring to your credit union.
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