A Guide to Credit Scoring Models\Types of Lenders

Credit unions may look at different credit factors than a large financial institution, which means they’ll also calculate scores differently. “Credit unions have a different kind of customer than a large national bank,” Griffin says. “The things that would indicate lending risk for a group of credit union customers may be different from the things that indicate risk for a large bank, so the credit scores used by a credit union are designed to help them predict risk of lending to the customers they serve.”