ALL BRANCHES WILL BE OPEN TOMORROW AT 9AM (866) 859-5848 48 °F About Us Member Services Accounts & Loans Disclosures Rates Locations & Contacts Join Login About FICO Score A- A A+ What are FICO® Scores? FICO® Scores are the most widely used credit scores. Each FICO® Score is a three-digit number calculated from the data on your credit reports at the three major consumer reporting agencies—Experian, TransUnion and Equifax. Your FICO® Scores predict how likely you are to pay back a credit obligation as agreed. Lenders use FICO® Scores to help them quickly, consistently and objectively evaluate potential borrowers’ credit risk. Why are you providing FICO® Scores? Nearly all lenders in the U.S., including Ukrainian National Federal Credit Union, use FICO® Scores, as the industry standard for determining credit worthiness. Reviewing your FICO® Scores can help you learn how lenders view your credit risk and allow you to better understand your financial health. What goes into FICO® Scores? FICO® Scores are calculated from the credit data in your credit report. This data is grouped into five categories; the chart below shows the relative importance of each category. 1. 35% - Payment history Whether you've paid past credit accounts on time 2. 30% - Amounts owed The amount of credit and loans you are using 3. 15% - Length of credit history How long you've had credit 4. 10% - New credit Frequency of credit inquires and new account openings 5. 10% - Credit mix The mix of your credit, retail accounts, installment loans, finance company accounts and mortgage loans What are score factors? Score factors are delivered with a consumer’s FICO® Score, these are the top areas that affected that consumer’s FICO® Scores. The order in which the score factors are listed is important. The first factor indicates the area that most affected the score and the second factor is the next most significant influence. Addressing these factors can benefit the score. Why is my FICO® Score different than other scores I’ve seen? There are many different credit scores available to consumers and lenders. FICO® Scores are the credit scores used by most lenders, and different lenders may use different versions of FICO® Scores. In addition, FICO® Scores are based on credit file data from a consumer reporting agency, so differences in your credit files may create differences in your FICO® Scores. Why do FICO® Scores fluctuate/change? There are many reasons why a score may change. FICO® Scores are calculated each time they are requested, taking into consideration the information that is in your credit file from a consumer reporting agency at that time. So, as the information in your credit file at that CRA changes, FICO® Scores can also change. Review your key score factors, which explain what factors from your credit report most affected a score. Comparing key score factors from the two different time periods can help identify causes for a change in a FICO® Score. Keep in mind that certain events such as late payments or bankruptcy can lower FICO® Scores quickly. Will receiving my FICO® Scores fluctuate/change? No. The FICO® Score we provide to you will not impact your credit. How do I check my credit report for free? You may get a free copy of your credit report from each of the three major consumer reporting agencies annually. To request a copy of your credit report, please visit: www.annualcreditreport.com. Please note that your free credit report will not include your FICO® Score. Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate. How often will I receive my FICO® Score? Program participants will receive their score updated on a regular basis, when available. Why is my FICO® Score not available? You are a new account holder and your FICO® Score is not yet available Your credit history is too new You are not the primary account holder Additional FICO® Score Information FICO® Score Resources Frequently Asked Questions about FICO® Scores Frequently Asked Questions about FICO® Scores - Spanish FICO® Score Educational Videos Contact Our Credit Union For any question(s) you may have, please feel free to contact us by sending a message thought Contact Us, or or by giving us a phone call, or visit any of our office locations. Our office locations and phone numbers can be found here * FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. Ukrainian National Federal Credit Union and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. Ukrainian National Federal Credit Union and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. Provide Feedback Privacy Policy Careers Contact Us Email is not a secure form of communication and should never be used to convey sensitive information! © 2021 UKRAINIAN NATIONAL FEDERAL CREDIT UNION. All Rights Reserved. Main Office: 215 2nd Avenue, New York, NY 10003 Disclaimer: While all efforts are made to maintain the accuracy of information presented on this website, we cannot guarantee that all information is current. Please contact UkrNatFCU directly for the most current information. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. EV SSL Certificate