BayPort Credit Union Cultivates Financial Wellness with a Smarter Credit Score Solution
About BayPort
In 1928, 12 shipyard workers from Newport News Shipbuilding formed an organization with a specific purpose as a low-interest source of loans and a trusted place to deposit money. Today, BayPort Credit Union is rated a Superior 5-Star Credit Union by Bauer Financial, managing $2.2 billion in assets and servicing nearly 148,000 individuals and businesses with 27 branch locations across the Virginia Peninsula and Southside communities. Read More…
In February 2020, BayPort launched NCR Credit Score powered by SavvyMoney. Unlike other in-market solutions, this solution not only provides consumers with free access to their credit score, but it also provides them full credit reporting along with daily monitoring and alerts. It helps members understand their credit score, the factors that impact it and the steps they can take to maintain or improve it. And it’s fully integrated into Online and Mobile Banking—whether on a computer, phone or tablet—to provide a secure and seamless financial experience for consumers.
With over 30% of members registering for this free tool just in the first 8 months, and nearly 50% of those users improving their credit score in just 12 months, these members are eligible to qualify for lower rates and better loan options. Due to the success of not only the engagement, but actually helping members improve their credit score, BayPort was asked to participate in a case study for NCR Credit Score powered by SavvyMoney to share with industry professionals.
Read the full case study (PDF)