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Routing # 307086691 | Wiring Instructions

Monday Messages

Your Credit Score Has Been Updated

Whether you’re trying to maintain your credit or improve your credit scores, it’s important to monitor your credit regularly. Why? Because monitoring your credit can help you see exactly where you stand—and how much progress you’ve made. Additionally, credit scores continually go up and down as information on your credit report gets updated. New balance amounts, monthly payments, and account openings are only a few factors that appear on your credit report and influence your credit score.

As a service to our members, WyHy provides your quarterly credit score through Online Banking. This is a FREE service for our members, allowing you to have access to your credit and FICO scores without showing as an inquiry on your credit.

Updated credit scores for this quarter are out now! Your updated credit score can be located within Online Banking under Services > Credit Score. If you use Mobile Banking, you can find your FICO score at any time by simply clicking on the FICO Score in the Loans menu options.

CHECK YOUR CREDIT SCORE

Ways to Help Maintain and Improve Your Credit Scores

Remember: It’s normal for your credit scores to fluctuate a little. And credit scores can change significantly over time. But you can maintain good credit scores and even improve your scores by regularly practicing responsible financial habits.

  • Pay your bills on time. Your payment history is an important factor when it comes to your credit scores. So catching up on any missed and late payments—including late credit card payments—can be an important step in improving your credit. You could consider setting up automatic payments to help you make payments on time.
  • Stay well below your credit limits. Experts recommend using no more than 30% of your available credit. That’s because, as the Consumer Financial Protection Bureau (CFPB) explains, “Credit scoring models look at how close you are to being ‘maxed out." The closer you are to being maxed out, the worse it can be for your credit scores.
  • Try to pay your balances in full. Paying off your balance every billing cycle can help you stay well below your credit limits and keep your credit utilization ratio down. Paying off the balance each month helps get you the best scores.
  • Apply only for the credit you need. Try to apply for credit only when you truly need it. Why? If you apply for a lot of credit over a short period of time, it may appear to lenders that your economic circumstances have changed negatively.

As your credit union, our mission is to educate and improve the financial well-being of our members.  So contact us if you have questions about credit or have any other financial needs. 

We’re with you!