Credit Unions & Banks That Use Classic Fico’s 2/4/5

[Anonymous]

Hey all,

I've been doing some digging trying to 

come up with a list of CU's and banks 

that still use classic Fico's 2/4/5.

Here's what I've found below. 
PLEASE ADD TO THE LIST (or update)

in the comments. -Thanks!

US Bank: TU-04 BE

Cap1: EQ-04 scores.

WellsFargo: EX-98 BE (Update now FICO 9?)

Aspire FCU: EX FICO 2

Digital CU: EQ FICO 5

Hanscom FCU:  EX FICO 2

Service CU: EX FICO 2

Unify FCU: EX FICO 2 or Auto 2

ESL Credit Union: EQ Bankcard 5 or Auto 5

[Horseshoez]

Maybe I've missed it, but I think the 2/4/5 FICO scores are only used for mortgages.

[Remedios]

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@Horseshoez wrote:

Maybe I've missed it, but I think the 2/4/5 FICO scores are only used for mortgages.

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You missed it, they aren't. 

[Horseshoez]

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@Remedios wrote:

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@Horseshoez wrote:

Maybe I've missed it, but I think the 2/4/5 FICO scores are only used for mortgages.

---

You missed it, they aren't. 

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???

[spiritcraft1]

PSECU EX 02  (or TU 04 if EX is frozen)

[Mr_Mojo_Risin]

AODFCU uses EQ5 for membership and credit products.

[credit_is_crack]

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@Horseshoez wrote:

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@Remedios wrote:

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@Horseshoez wrote:

Maybe I've missed it, but I think the 2/4/5 FICO scores are only used for mortgages.

---

You missed it, they aren't. 

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???

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Hi @Horseshoez 

Although those versions are heavily used for mortgage loans, some banks and credit unions will use these versions on other products too. Instead of a bank having to "subscribe" to the 'card version', 'mortgage version', 'auto version' (even though they offer all three products), they'll "subscribe" only to the mortgage version and use that to approve applicants for all their products. 

This is more common with credit unions, but it certainly is a real thing. Sometimes you'll see folks say "this score is completely different!" and it's because they assumed the bank would pull their FICO 8 or FICO 9 versions, but instead that bank used a mortgage score. hope this helps

[Remedios]

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@Horseshoez wrote:

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@Remedios wrote:

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@Horseshoez wrote:

Maybe I've missed it, but I think the 2/4/5 FICO scores are only used for mortgages.

---

You missed it, they aren't. 

---

???

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In a nutshell, older scoring models you are referring to as mortgage scores were in fact "classic" version prior to inception of Fico 8. 

They weren't industry specifc just like Fico 8 classic isn't, but has industry specific scores.

They are still used for mortgage lending, but that's not the extent of their use.

For those who never made jump to Fico 8/9, older scoring models (and older industry specifc scores) are used for all types of lending those institutions provide.