The Great Credit Race

Problem:

A person’s ability to obtain financing, rent an apartment, get a cell phone, and get a job can hinge on his or her credit score. And, it’s actually easier to get a loan with a bad credit score than with no credit score at all.

Solution:

The Great Credit Race tackles this credit conundrum. The contest platform helps young adults establish credit scores, motivating them through gaming techniques and supporting them with financial education.

Test Results:

Del Norte Credit Union and Dupaco Credit Union piloted The Great Credit Race in their communities. Together, they collected 46 race applications, which yielded 15 qualified contestants. Each participant received a Visa credit card with a $500 limit and reasonable finance rate to use for building credit.

See the results so far:

 

William Azaroff
William Azaroff
Director, Business and Community Development
Vancity Credit Union
Marquis Boochee
Marquis Boochee
Vice President, eStrategy and Innovation
Xceed Financial Credit Union
David Klavitter
David Klavitter
Chief Marketing Officer
Dupaco Community Credit Union
Josh McAfee
Josh McAfee
Credit Union Advisor
Callahan & Associates
Denise Wymore
Denise Wymore
Membership & Advocacy Development Officer