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When it comes to underwriting consumer loans, some community development credit unions have found success by looking at other factors besides credit scores.

The three leading national credit bureaus – Equifax, TransUnion and Experian – are meant to provide credit unions and other financial institutions with a guide for their underwriting. A given credit score can help speed up the process and give the credit union a reasonable idea about the likelihood a given borrower will repay the loan.

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