SECU Prepares to "do the Right Thing," Providing Free FICO^® Scores to Borrowers!

RALEIGH, N.C., Aug 27, 2014 (GLOBE NEWSWIRE via COMTEX) --

State Employees' Credit Union (SECU) is pleased to announce it has partnered with Fair Isaac Corporation (FICO) to provide all members with an active SECU lending relationship free access to their FICO^® Scores and the top factors impacting their score, through the FICO^®Score Open Access program. The FICO^®Scores will be available through secure Member Access via the SECU website, www.ncsecu.org, and will be updated on a quarterly basis. The Credit Union will officially launch the program beginning in November.

FICO^®Scores are used worldwide and are the standard measure of U.S. consumer credit risk for financial institutions, credit card issuers and auto lenders. Many consumers are unaware of their credit score or don't understand how lenders use the scores in determining their eligibility for loans or optimum lending rates.

"While SECU offers the same interest rate to all members, we recognize that risk-based pricing is common in the marketplace. Most lenders leverage FICO^® Scores in their risk management process when making decisions on loan approvals, pricing and terms. SECU is a firm believer in consumer advocacy and in doing the right thing for the member. By educating members and increasing awareness about their FICO^® Score, SECU is providing a valuable tool to help them better manage their use of credit to achieve overall financial success," noted Mark Coburn, SECU Senior Vice President of Lending Development.

"FICO^® Scores are the most widely used credit scores," said James Wehmann, Executive Vice President of Scores at FICO. "We applaud State Employees' Credit Union for participating in the FICO^®Score Open Access program and continuing to be a leader in consumer financial education and empowerment."

About SECU
A not-for-profit financial cooperative owned by its members, SECU has been providing employees of the State of North Carolina and their families with consumer financial services for 77 years. With more than 1,9 million members, SECU provides services through 254 branch offices, 1.100 ATMs, 24/7 Contact Centers and a website, www.ncsecu.org.

Sobre a FICO
O FICO FICO, +2,13% is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. O uso inovador que a empresa faz do Big Data e de algoritmos matemáticos para prever o comportamento do consumidor está transformando setores inteiros. A FICO fornece software analítico e ferramentas utilizadas em vários setores para gerenciar riscos, combater a fraude, construir relacionamentos mais rentáveis com os clientes, otimizar operações e cumprir regulamentações governamentais rigorosas. Many of our products reach industry-wide adoption. These include the FICO^® Score, the standard measure of consumer credit risk in the United States. As soluções da FICO utilizam padrões de código aberto e computação em nuvem para maximizar a flexibilidade, acelerar a implementação e reduzir os custos. A empresa também ajuda milhões de pessoas a gerenciar sua qualidade de crédito pessoal. FICO: Make every decision countTM. Learn more at www.fico.com.

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