SavvyMoney is a comprehensive Credit Score program offered by Rockland Federal Credit Union that helps you stay on top of your credit. You get your latest credit score and report, an understanding of key financial factors that impact the score, and can see the most up to date offers that can help reduce your interest rate costs. With this program, you always know where you stand with your credit and how RFCU can help save you money.

Credit Score also monitors your credit report daily and informs you by email if there are any big changes detected, such as a new checking, savings or credit card account being opened, change in address or employment, a delinquency has been reported or an inquiry has been made. Monitoring helps users keep an eye out for fraud and identity theft.

SavvyMoney Credit Report provides you all the information you would find on your credit file including a list of open loans, accounts and credit inquiries. You will also be able to see details on your payment history, credit utilization and public records that show up on your account. Like Credit Score, when you check your credit report, there will be no impact to your score.

No. SavvyMoney is entirely free and no credit card information is required to register.

As long as you are a regular mobile or online banking user, your credit score will be updated every month and displayed in your online banking screen. You can click “Refresh Score” as frequently as every day by navigating to the detailed SavvyMoney site from within online banking.

SavvyMoney pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three major credit bureaus: Equifax, Experian, and TransUnion. This model seeks to make score information more uniform between the three bureaus to provide consumers a better picture of their credit health.

There are three major credit-reporting bureaus—Equifax, Experian and Transunion—and two scoring models—FICO or VantageScore—that determine credit scores. Financial institutions use different bureaus, as well as their own scoring models. Over 200 factors of a credit report may be taken into account when calculating a score and each model may weigh credit factors differently, so no scoring model is completely identical. No matter what credit bureau or credit scoring model is used, consumers do fall into specific credit ranges:

· Excellent 781–850

· Good 661-780

· Fair 601-660

· Unfavorable 501-600

· Deficient/Bad <500

No, RFCU uses its own lending criteria for making loan decisions and has no access to SavvyMoney Credit Score.

No, your SavvyMoney Credit Score is a free service to help you understand your credit health, how you can make improvements in your score and ways you can save money on your loans with RFCU.

SavvyMoney uses bank-level encryption and security measures to keep your data safe and secure. Your personal information is never shared with or sold to a third party.

SavvyMoney Credit Score can help you manage your credit so when it comes time to borrow for a big-ticket purchase—like buying a home, car or paying for college—you have a clear picture of your credit health and can qualify for the lowest possible interest rate. You’ll also see offers on how you can save money on your new and existing loans with RFCU.

Based on your SavvyMoney Credit Score information, you may receive RFCU offers on products that may be of interest to you. In most cases, these offers may have lower interest rates than the products you already have. The educational articles, written by Jean Chatzky and the SavvyMoney team, are designed to provide helpful tips on how you can manage credit and debt wisely.

No. Checking SavvyMoney Credit Score is a “soft inquiry”, which does not affect your credit score. Lenders use ‘hard inquiries’ to make decisions about your credit worthiness when you apply for loans.

Yes. SavvyMoney will monitor and send email alerts when there’s been a change to your credit profile.

Your email address will get updated automatically in SavvyMoney when you update it in mobile or online banking. However we always encourage you to inform RFCU of any contact information updates

Yes, SavvyMoney Credit Score is available for both mobile and tablet devices and is integrated inside our mobile application, located under the More section.