Company Profile
TransUnion LLC
Company Overview
TransUnion is a global leader in credit and information management. For more than 30 years, we have worked with businesses and consumers to gather, analyze and deliver the critical information needed to build strong economies throughout the world. The result? Businesses can better manage risk and customer relationships. And consumers can better understand and manage credit so they can achieve their financial goals. Our dedicated associates support more than 50,000 customers on six continents and more than 500 million consumers worldwide.
Company History
Company History
1960s
In 1968, the Union Tank Car Company, a railcar leasing operation, created TransUnion as its parent holding company. For the next 30 plus years, we grew to become one of the world's leading business intelligence providers, maintaining one of the largest collections of consumer information.
In 1969, we recognized an opportunity to grow a new business using our technical expertise. We acquired the Credit Bureau of Cook County (CBCC), which manually maintained 3.6 million card files in 400 seven-drawer cabinets.
Soon after the acquisition of CBCC, we became the first company in the credit reporting industry to replace accounts receivable data with automated tape-to-disc transfer, drastically cutting the time and cost to update consumer files.
Early in our history, we recognized the enormous benefit that a national, online information system would bring to clients and responded with the first online information storage and retrieval data processing system. This system provided credit grantors across the country with one source for fast and valuable consumer credit information.
1970s and 1980s
Throughout the 1970s and 1980s, we continued to expand our facilities and capabilities through investments in technology and strategic growth initiatives and acquisitions. In 1988, we achieved full coverage in the United States, maintaining and updating information on virtually every market-active consumer in the country.
1990s
Through the 1990s and the turn of the century, we've extended operations beyond the credit reporting industry and business-to-business offerings. Our real estate division offers lenders nationwide access to prospects, the ability to originate and close residential loans and manage the post-closing process. We also strengthened our analytics and decisioning capabilities by acquiring one of the most powerful technologies for high-volume, individual-level decisions about customer prospecting, acquisition and management.
2000s
On the consumer front, TransUnion entered the direct-to-consumer market with the acquisition of TrueCredit.com in 2002. We now help millions of consumers protect and improve their credit through easy-to-use online services at TrueCredit.com.
Today, our operations extend to more than 30 countries on six continents.
Notable Accomplishments / Recognition
TransUnion leverages a superior understanding of consumer information, advanced analytic capabilities, sophisticated technologies and diverse expertise to develop innovative, reliable solutions to meet the changing needs of customers and consumers around the globe.