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Report: Address Verification Practices in Place at High-Performing CUs

Experian report cites address verification usage at high-performing credit unions.

By Jonathan Londino | Updated on May 18, 2011

A new report from Experian about address verification practices analyzed findings from a survey of 50 of the top 100 credit unions, as ranked by Callahan & Associates, and found that the higher the overall performance ranking of a credit union, the more likely it was to be checking addresses to the most thorough degree.

While 68% of the credit unions surveyed used some form of verification, the report found, only 30% checked every level of an address down to apartment or suite number.

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