Credit Scores and a Whole Lot More!

Synergent continues to integrate trending solutions that help credit unions and their members. We are pleased to add SavvyMoney to our credit union offerings, which builds on our existing partnership with MeridianLink. By incorporating this credit score solution into credit union websites and online banking, credit union members will not only have the opportunity to monitor their credit score and any credit activity, anytime, anywhere, they will also have access to a wide array of educational videos and resources to help them meet their financial goals.

SavvyMoney breaks down the factors that make up a credit score, allowing members to clearly see the accounts and inquiries on their credit reports. It is equipped with an alerting mechanism to inform members when their score changes and when new activity hits their credit report. SavvyMoney also includes solutions for refinancing existing debt, as well as personalized, pre-qualified offers from their credit union to help members save money. Additionally, members have access to over a dozen minute-long educational videos presented by Savvy’s financial guide, Jean Chatzky, on saving money, improving credit, and meeting financial goals.

Midcoast Federal Credit Union in Freeport, Maine, described it as a “go-to tool” for budget and credit score solutions, which has resulted in a steady increase in member engagement on their website in the few months the credit union has used the program, according to Joe Gervais, Midcoast’s President & CEO. Nick Chasse, Vice President of Business Development at Synergent, spoke of SavvyMoney’s mutual benefits to both credit unions and their members. “Credit unions can benefit by cross selling their products and services to members with SavvyMoney, against existing trade lines on member credit reports. SavvyMoney is also a great educational tool to keep tabs on credit, which a number of highly regarded financial experts and organizations are urging financial institutions to provide to their members.”

Want to learn more? Contact your Synergent Account Relationship Manager to learn more about SavvyMoney today!