Metro 2 Credit Reporting for Credit Unions
Member-focused credit reporting that builds financial wellness. Report loans, credit cards, and share-secured accounts to all three bureaus.
Challenges for Credit Unions
Core System Limitations
Many core banking systems have limited Metro 2 export capabilities or outdated formats.
Diverse Product Mix
Credit unions offer many loan types from auto to share-secured, each with different reporting needs.
Member Experience Focus
Accurate reporting directly impacts member credit scores and their perception of the credit union.
Small IT Teams
Limited technical resources make custom integration projects challenging.
How Metro2 Helps
Core System Integration
Pre-built integrations with major credit union core systems including Symitar, Corelation, and Fiserv.
All Product Types
Support for every credit union product from share drafts to commercial loans.
Member Credit Building
Help members build credit with accurate, timely reporting of all account types.
Low IT Burden
Cloud-hosted solution requires minimal IT involvement after initial setup.
Features for Credit Unions
1Share-Secured Loan Support
Proper reporting of share-secured loans with collateral indicators.
2Credit Card Reporting
Full revolving credit support including credit limits and utilization.
3HELOC Reporting
Home equity lines of credit with draw period and repayment phase tracking.
4CD-Secured Loans
Certificate-secured loan reporting with proper collateral coding.
Who Uses Metro2
Community Credit Unions
Small to mid-size credit unions serving local communities with diverse member lending.
SEG-Based Credit Unions
Employee-based credit unions reporting payroll-deduction loans and other unique products.
Federal Credit Unions
NCUA-regulated institutions meeting federal compliance requirements.
State-Chartered CUs
State-chartered credit unions following state-specific regulations.
Compliance & Regulations
NCUA Examination Ready
Documentation and audit trails satisfy NCUA examiner requirements.
FCRA Compliance
Full compliance with Fair Credit Reporting Act for data furnishers.
Member Dispute Resolution
Member-friendly dispute process that maintains trust while meeting legal requirements.
Frequently Asked Questions
How do I report share-secured loans?
Report as installment loans (Portfolio Type I) with the appropriate terms. The collateral is your internal concern; the credit report focuses on payment history.
Should I report credit builder loans?
Absolutely! Credit builder loans should be reported to help members establish credit history. Use standard installment loan reporting.
How do I handle joint member accounts?
Use ECOA code 2 (Joint Contractual) for joint accounts. Report the primary member in the base segment and the joint member in the J1 segment.
What about dormant credit cards?
Report inactive credit cards with status code 11 (Current) and the current credit limit. This helps members' credit utilization ratios.
Related Industries
Serve Your Members Better
Accurate credit reporting is part of the credit union difference.