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We're so happy about the
Loan Special extended through July 31st!
After the success of the Spring Loan Special, we decided that we will extend this offer through July 31st! Take advantage of these amazingly low rates for your summer vacation!!
2.99%
up to $1,500 for 1 Year
3.99%
up to $2,500 for 2 Years
In this issue we briefly discuss credit scores, what they mean, and how to get a good score. Keep in mind that GPFCU does not rely solely on the FICO credit score to make credit-based decisions at this time. We consider many factors including debt-to-income ratio and credit history.
And as always if you have any questions or concerns please do not hesitate to contact us!
Sincerely,
Greater Pittsburgh FCU Staff
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ATTENTION UPMC EMPLOYEES:
The UPMC Payroll Department will no longer accept payroll deduction cards without your Employee ID number.
This number is located on your paystub.
We ask that if you are looking to adjust or change your payroll deduction from GPFCU to please have your employee ID number ready.
You may always make changes to your payroll deduction by filling out a payroll deduction card at any branch or we would always be happy to send you one. Please contact us with any questions or concerns you may have.
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Congratulations to Our Winners!
Congratulations to the winners of our Email Address Raffle!
First Place ($100 Prize) - Rosemarie Findlay
Second Place ($75.00) - Carolyn Biglow
Third Place ($25.00) - Lynn Ruminiski
Entries were mailed with paper statements in April and were available at all the branches to enter. Winners were notified via email and winnings were deposited into their account. The drawing was held on May 30, 2014.
Thank you to everyone who participated!
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What's Your Score? What's it Mean?
The credit industry is keeping score. Every time you apply for a credit card, a mortgage, or even insurance, your application is judged in part by your credit score. That number is used by lenders to objectively measure your creditworthiness. The higher the score, the more likely you are perceived to repay credit.
There are two commonly used scores: FICO and VantageScore. FICO scores range from 300 to 850, while VantageScores range from 501 to 990. Be aware that a score of 780 from FICO is excellent, but the same VantageScore gives you a grade of "C." Know which score you are viewing. (GPFCU only views FICO scores.)
Factors that affect your credit score include payment history, amount of debt you carry, length of credit history, whether you frequently apply for new credit, and your credit mix (credit cards, retail cards, mortgage, personal loans).
The best advice is to pay all bills on time and only charge as much as you can afford to pay in full when the bill is due on credit cards and other revolving accounts.
Consumers Union advised consumers in July 2013 not to purchase a credit score because it's often not the same as what many lenders use. You can order your credit report, on the other hand, for free. Visit annualcreditreport.com to order one free credit report a year from each of the three credit reporting bureaus--Experian, Equifax, and TransUnion. The people at Greater Pittsburgh FCU can discuss your credit score in relation to your overall credit picture.
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