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Daniel


Valley
Member Experience Manager


Lake Trust Credit Union


Michigan
What Impacts Credit?
Highbalances Credit Line Use Credit History
This Photo by Unknown Author is licensed under CC BY-NC
Credit Constrained
45 M 1.29 M
Financial
Inclusion
Improved
Loyalty
Increase
Approvals
Reduce
Expenses
Alternative
& Trended
Credit
Data
THE FULL PICTURE
Credit Line
Use Declining
Actual Amount
Paid
Utility
Payments and
Rent
Item Cost
Traditional credit report $1.25
Alternative and trended credit data .50
Combined cost $1.75
Yearly cost $5,000
COST
Timeline Stages
Assemble
Months 1 - 3
Decision
Months 4 - 8
Launch
Month 13
Preparation
Months 8 - 12
Financial Return
Risks
Technology
Delinquency/
charge off
Legal/
Compliance
Executive/
Board Support
Daniel Valley 2021 CUES Emerge Presentation

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