Empower your financial future with comprehensive credit insights and goals.
sign up for Online Banking accessNow available when logged into your account online via a browser or the Eglin FCU Mobile App. Click the banner in Online Banking or the Mobile App and agree to the terms to access this new and exciting feature.
It is important to understand the value of monitoring your credit information regularly as your credit score has a major impact on the Annual Percentage Rate you qualify for on Auto Loans, credit cards, mortgages and more. We've made this easier than ever by providing 24/7 access to your free, comprehensive credit report when logged into your account online via a browser or the app. Your free credit report makes checking and monitoring your credit both easy and efficient without affecting your score.
Check out the easy-to-use Credit Score Simulator, powered by SavvyMoney, which takes the guesswork out of managing your credit. It takes the "what-ifs" and generates an approximate credit score to help you see where you stand.
If you are an Online Banking user, you can log in to your Eglin FCU account, and click on the "Track my Score" button to have access to your credit report as often as you like without impacting your credit score. In the Mobile App, you can find it under the "view your free credit score & report" button. This service is FREE.
If you have ever received your credit score from the three major credit bureaus, you may have noticed that these scores are not the same. Why do credit scores vary? Here is why.
Scoring Models
Differences in credit scores derive from the numerous credit scoring models that are used in the financial industry. Credit scoring models are used by credit bureaus to collect and analyze your statistical data to determine your credit eligibility. There are a range of credit scoring models that weigh in on varying factors which change the way scores are computed, however, Eglin FCU uses the FICO 9 scoring model and the VantageScore model.
FICO Scoring Model
The FICO Scoring model has been around since 1989 and is the most widely used measure of creditworthiness primarily due to its longevity. FICO scores take payment history, credit utilization, credit history, types of credit, and new credit into account when determining its credit score, with much emphasis or "weight" placed on payment history and credit utilization. Eglin FCU has upgraded to VantageScore Model which is the score used for all Eglin FCU loan decisions.
VantageScore Model
The VantageScore model was created by the three major credit bureaus (Experian, Equifax, and Transunion) in 2006. The VantageScore model takes payment history, age and type of credit, credit utilization, total balances, recent behavior, and available credit into account when determining its credit score, with much emphasis or "weight" placed on payment history, age and type of credit, and credit utilization. Your free credit score uses the VantageScore model.
If you have any further questions regarding your comprehensive credit report, contact us at 850.862.0111, Option 1.
In addition to being a great way to keep track of your credit score. The free credit score and report tool provided inside of Online Banking and the Mobile App provides credit reports and advice to help you determine why your score may have increased or decreased and steps you can take to improve it. Alternatively, you can always reach out to the credit bureaus for information about your credit score.
Routing Number: 263178070
*APR = Annual Percentage Rate.
