1st Community Credit Union has partnered with whatsmyscore.org

Why are credit scores used, instead of making credit decisions on a case-by-case basis?
Because credit scores don’t take into account demographic information like race or religion, they are a truly objective measurement of your credit risk. Before the use of scoring, the credit granting process could be slow, inconsistent, and unfairly biased.

Credit scores allow:

People to get loans faster.
Because scores can be delivered almost instantaneously, lenders can make credit decisions in a matter of minutes.

Credit decisions to be fairer. Credit scores use only factors related to credit risk, rather than personal feelings or bias.

“Mistakes” to count for less.
Poor credit performance in the past can fade with time as recent good patterns show up on your credit report and overcomes so-called “knock out rules” that may haunt consumers seeking credit.

More credit to be available. Because credit scoring gives leaders more precise information on which to base credit decisions, lenders are able to identify individuals likely to perform well in the future, even if their report shows past problems.

Credit rates to be lower overall. Because the use of the credit score is streamlined, efficient, and helps lenders control credit losses, costs decrease for the borrower.