County National Bank

Your credit score is a three-digit number that is used to predict how you will pay your bills. The score ranges from 300-850 and is calculated using your credit history information from your credit report.

When you make an application for credit, the creditor or lender uses your credit score to quickly make a credit/no-credit decision. This same decision can very well be made by simply viewing your credit report, but the credit score makes decision-making easier and less subjective.

While there are several different versions of the credit score, the most commonly used version is the FICO score. Developed by the Fair Isaac Company, the FICO score is used by many creditors and lenders to decide whether or not to extend credit to you.

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The Michigan Bankers Association announced that County National Bank has received the 2012 Financial Literacy Award for their region.  CNB has been awarded this distinction six times in the past seven years, and they are honored to be recognized for their financial education efforts.  As a community bank, County National Bank is committed to promoting financial literacy in their market areas.  Through their involvement, they have been able to reach many community members, including children, teens, adults, and senior citizens.

In addition, CNB recently testified before the State of Michigan’s House Banking Committee in Lansing, providing an overview of their financial literacy efforts to some of the state’s lawmakers.  CNB Compliance Officer, Stacey Clemens; Jonesville Branch Officer, Don Germann; and Marketing and Public Relations Officer, Jill Taylor presented information about the various programs CNB has participated in, such as Teach Children to Save; Get Smart About Credit; Lights, Camera, Save!”; and more.  CNB appreciated the invitation to testify before the House Banking Committee and to be recognized in this way.