TransUnion Introduces New VantageScoreFor CUs

CHICAGO - (06/13/06) – Credit bureau TransUnion Mondayunveiled its own version of a new portfolio analysis system basedon the new credit score, VantageScore, meant to unify the scoringfor the three different credit bureaus. TransUnion’s ExpressPortfolio Review is being markted as afor credit unions andmid-sized banks to monitor their portfolios using the new score,introduced in April. Experian and Equifax have already introducedproducts of their own based on VantageScore, aimed at developing asingle credit score for all lenders and borrowers. ExpressPortfolio Review results are delivered exclusively throughTransUnion’s web environment, called TransUnion Desktop,within 48 hours. TransUnion said credit unions can use it to managemember accounts, manage their portfolios.