Resources

Resources tagged "Credit Unions"

Maximize your remaining 2024 budget!

Looking for ways to add value to your business before December 31? An Equifax Portfolio Review is the perfect way to maximize any remaining funds in your 2024 budget. What is a portfolio review? A portfolio review provides updated credit scores and credit attributes so you can then have a full picture of your consumers’ overall credit […]

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Stay ahead of losses!

Now’s the time to start regular portfolio monitoring! With the current market uncertainties, you can’t afford not to proactively fend off losses. Take action.Equifax offers a simple, inexpensive way to find out which of your consumers might be headed for trouble. With portfolio monitoring, you can track the criteria of your choice on a schedule that […]

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Gain household economics info + grow deposits!

Economic Cohorts is a breakthrough segmentation solution that leverages Equifax’s aggregated economic information to segment households into 71 unique clusters. Each cluster comes with a profile detailing likely income, spending, credit capacity, and credit usage of the households within the group—allowing you to better understand your portfolio and target your ideal prospects. A non-FCRA regulated solution, […]

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The benefits of a credit lock vs. credit freeze

With Lock & Alert, your consumers are in control of their Equifax credit reports—which helps prevent delays during the credit application process. It’s a win-win for you and your consumers. And it’s totally free! Why lock? Locking an Equifax credit report is an effective way to help provide additional protection against unauthorized access and help […]

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Timely live checks help meet consumers’ needs + increase loyalty

Back-to-school season is around the corner, and many of your consumers will take on additional expenses such as tuition, dorm room furnishings, laptops, school supplies, clothing, and travel. Help them put extra money in their wallets with preapproved live checks. An Equifax Prescreen delivers valuable, preapproved consumer prospects tailored to your credit profile criteria and helps you […]

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Looking to grow deposits?

Is your financial institution is looking to increase deposits? We can provide the segmentation and analysis you need to determine which of your consumers have the means to generate significant deposits. WealthComplete® Premier from Equifax enables you to calculate share of wallet based on all liquid financial assets—about $61 trillion—held by U.S. households. And you […]

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Credit card delinquencies are on the rise!

There’s no tiptoeing around it: Credit card delinquencies are the worst on record, according to recent Fed data. Almost 3.5% of card balances were at least 30 days past due as of the end of December. That’s the highest figure since the Fed starting tracking the data in 2012. How are you protecting your portfolio against rising […]

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VantageScore stands poised to become the new industry standard

Want to experience the cost savings and innovation of the VantageScore credit model but unsure of its adoption in the market? Recent data helps answer that question. In 2023, VantageScore usage increased by 42% to a record volume of more than 27 billion credit scores. More than 3,400 unique banks, lenders, and other institutions used VantageScore last year, […]

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Top 5 reasons to squeeze a(nother) portfolio review into 2023.

Looking for ways to add value to your business before closing this year’s books? An Equifax Portfolio Review is the perfect way to maximize any remaining funds in your 2023 budget. What is a portfolio review? A portfolio review proactively screens the accounts in your portfolio against criteria that you select. This powerful tool can quickly provide […]

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Understanding consumer stressors is the key to protecting + growing your portfolio.

An increasing number of consumers are facing credit and financial stressors. What economic factors are causing this in your portfolio? For the past couple of years, consumer spending has been consistently healthy, but now retail reports are illustrating a shift in consumer spending, focusing more on essentials than on luxury items. Economic data shows that […]

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