A new report from Experian about address verification practicesanalyzed findings from a survey of 50 of the top 100 credit unions,as ranked by Callahan & Associates, and found that the higherthe overall performance ranking of a credit union, the more likelyit was to be checking addresses to the most thorough degree.
While 68% of the credit unions surveyed used some form ofverification, the report found, only 30% checked every level of anaddress down to apartment or suite number.
The survey also found that 30% of the top credit unions checkedup to a house or building number but not to a potential apartmentor suite number, while another 6% only verified an address’s city,state and zip code.
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