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FICO® Score

Access your FICO® Score for FREE!

Members Exchange is now offering a free service for our members to access their FICO® Score through Mobile Banking. Look for the FICO® Score tab on the menu!

How do I check my FICO® Score?

  1. Download the free MECU Anywhere Mobile Banking App on your smartphone.
  2. Login to Mobile Banking. If you don’t have an online banking account, click “Enroll Here” on the login screen.
  3. Click on the Menu button. (the three horizontal lines in the top left corner)
  4. Click on the FICO® Score tab.
  5. Access your score as often as you would like! (Scores will be updated on a quarterly basis when available)

The update should install automatically on your device. However, if you experience any issues, you may need to delete the current app and reinstall it.

Why do you need to understand what a FICO® Score is and how it’s used?

The FICO® Score is the credit score most commonly used by U.S. lenders. Every day, thousands of lenders use it to more accurately understand your credit risk and make more well-informed credit granting decisions.

In a nutshell, the FICO® Score is a 3-digit number that helps predict how likely you are to pay back a loan or other credit obligations in a timely fashion. The FICO® Scores are calculated from the data in your credit reports housed at the three main credit bureaus. The score considers payment history, use of available credit, plus other factors. Most of us have FICO® Scores for each of our credit reports.

Of course, if you don’t have any recently reported credit history, you won’t have a FICO® Score. FICO Scores are dynamic and can change up or down if and when your data at the credit bureaus changes. And they’re calculated at the time you or a lender requests them. FICO Scores generally range from 300 to 850. The higher the score, the less risky the borrower appears to lenders.

Ultimately, your FICO® Scores are in your hands because they are based on your financial behaviors, as captured in your credit report. Your FICO® Score is one of several factors that help lenders make credit-granting decisions, such as approving you for credit or assigning an interest rate.

So, why do FICO® Scores matter to you? First, it makes the lending process faster and more fair. It provides you with more credit choices at competitive rates. And you’ll get faster answers from lenders since the scores streamline the application process. And it applies the same set of standards to all borrowers. Finally, as you prepare to apply for a loan and view your own FICO® Scores, you can see what a lender sees—your credit history all rolled up in a three-digit number that helps predict your likelihood to pay your bills on time.

Helpful Resources

FAQs About FICO® Scores

Educational Videos

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. Members Exchange CU and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. Members Exchange CU 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.