Failure to Understand Credit Score Puts Many Adults at Risk

April 15, 2011 – Chambersburg, PA  One of the most important numbers in a working adult’s world is the Credit Score, also known as the FICO score. The failure of many Americans to understand how the FICO score is computed and what impacts it positively or negatively can make a big difference on approvals for loans and the rate the consumer receives.

While no one wants to be treated like a number, the truth is your credit score determines how lenders treat you as a potential borrower. This number can cause an impact beyond the lending process – employers and insurance companies have also been known to consider this number when it comes to offering employment and determining insurance premiums. But what factors are used to calculate this “mysterious” number? For this seminar, Patriot is bringing in Randy Mims, a leading expert in lending, to talk about the intricacies of how you can improve your credit score and answer questions.

April 26: Understanding Your Credit Score
7:00 PM – 8:30 PM

Corporate Center, Training Room

1330 S. 7th Street, Chambersburg

The seminar is for members and their families and the general public is also welcome to attend. To register for one or all of the seminars, call 888-777-9982 or register online at to sign up.

For the “Manage Your Money” Financial Seminar Series, all are held in the Corporate Center, Training Room at 1330 S. 7th Street in Chambersburg. The full seminar line-up includes:

Estate Planning

May 10, 6:00 -7:00 PM

College Financing Seminar

May 17, 7:00 PM – 8:30 PM

Buying & Financing a Used Car

June 16, 7:00-8:30 PM


Fact Sheet

  • Patriot Federal Credit Union the one of the largest financial institutions headquartered in Chambersburg, Pennsylvania with over $425 million in assets. Branches in Pennsylvania include Chambersburg, Letterkenny Army Depot, and Waynesboro, as well as one in Hagerstown, Maryland.  The Credit Union serves over 43,000 members and their families across southern Pennsylvania and northern Maryland. In 2010, over $154 million was loaned to members to fund their American dreams.
  • President and Chief Executive Officer is  Peggy J. Bosma-LaMascus
  • Web site:  
  • Full-service financial institution offering savings accounts, checking accounts, certificates, money market accounts, consumer and vehicle loans, mortgages, home equity loans, on-line banking, Visa® Credit Cards, Visa® Debit Card, and online bill-pay.
  • Patriot Federal Credit Union is a community charter credit union. All businesses, individuals and their families, who live, work, worship, or attend school in Franklin County, Fulton County, Washington County, and the Borough of Shippensburg are eligible to join.
  • Main office location:  800 Wayne Avenue, Chambersburg, PA 17201
  • Members’ deposit accounts are federally insured up to $250,000 by the National Credit Union Administration, an agency of the Federal Government, which also insures IRAs for an additional $250,000.

Patriot Branch Locations:

Wayne Avenue Office
800 Wayne Ave
Chambersburg, PA 17201

Federal Street Office
140 S. Federal Street
Chambersburg, PA 17201

Letterkenny Office
247 Overcash Avenue
Chambersburg, PA 17201

Waynesboro Financial Services Center
10933 Buchanan Trail East
Waynesboro, PA 17268

North Pointe Office
18721 Longmeadow Road
Hagerstown, MD 21742

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