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NATIONAL HARBOR, Md. — Credit unions should re-evaluate the credit scores within their portfolios at least annually, according to one analyst.

Sarah Davies, senior vice president of analytics and product management at VantageScore Solutions LLC, said that recent events should alert credit unions to the need for carefully analyzing the risk they have in portfolio. For example, she said that a credit union that set its credit score floor for mortgages at 750 between June 2003 and June 2005 would have about a 0.4% risk of default. However, that same score between June 2006 and June 2008 raised the risk of default up to 2.4%.

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