OSCODA – The Northeast Sunrise Charter Chapter of the American Businesswomen’s Association (ABWA) has enlisted the expertise of a new member, Kristen Hanson, Business Loan Officer and Residential Mortgage Specialist for the Northland Area Federal Credit Union , to speak to members about “Credit Reports and Scores: What Makes Up Your Credit Score,” for his monthly members meeting at Tait’s Bill of Fare on Feb. 8.
Hanson gave a factual presentation, revealing that credit scores have five components, the main one being payment history, which accounts for 35% of the credit score. Other elements include capacity, looking at your available credit balance, for 30%, 15% credit term, 10% credit accumulation and 10% credit combination. She provided a document to her participants in person.
“We are fortunate to have Kris to bring this resource to our organization,” said President Annette Dennis. “Each month, we strive to provide new tools to our local businesswomen. In addition to our monthly speakers, our National Membership also entitles every member to free, low-tuition webinars on dozens of topics ranging from email management to hacker protection to increasing your salary, etc.
ABWA is a service organization dedicated to facilitating business opportunities for women. Its annual fashion show supports scholarships for local graduates at all levels. An additional scholarship has been added for an Oscoda Education major in honor of the life of the late ABWA Past President, Terri Michaelis. In addition to speakers and webinars, the chapter also reimburses members for continuing education.
For more information on the ABWA, visit their website at abwaoscoda.org or her Facebook page, ABWA Northeast Sunrise Charter Chapter, or contact Membership Chair Judy Biggers at 739-8429.