TransUnion is one of the three major credit bureaus in the United States as it serves countries in all 50 states as well as individuals in 24 countries total around the world. The company is headquartered in Chicago, Illinois and was founded in 1968. Since its inception, TransUnion has continually grown and has become an employer for an estimated 3,600 employees around the world.

History

TransUnion’s beginnings can be traced back to the Union Tank Car Company which created TransUnion as a parent holding company. Eventually, company leaders recognized a need for growth and saw an opportunity in the world of credit bureaus. Following this vision, TransUnion acquired the Credit Union of Cook County and began their quest to become one of the largest and most well respected credit bureaus in the entire world. TransUnion was an innovator in automating data transfer which allowed for faster processing of credit reports and ultimately led to lenders being able to make more accurate and timely decisions on loans. The success of TranUnion’s system grew the company’s business significantly and TransUnion continues today to look for cutting edge technological advancements to make their business and services even more efficient.

Firsts

TransUnion became an industry leader by staying one step ahead of the competition and chalking up an impressive list of firsts in the credit bureau industry as the company steamrolled its way to the top. TransUnion was the first to eliminate manual data entry in favor of an automated tape-to-disc transfer system which combined with the nation’s first online storage/access system of credit information called Credit Reporting On-Line Network Utility System (CRONUS) to make TransUnion the industry standard in technology. Continuing in their commitment to excellence, TransUnion has established the Fraud Victim Assistance Department which is designed to help individuals who have been victimized by the ever increasing problem of identity theft and credit fraud. In order to make data searches even more convenient for clients, TransUnion was also the first to allow credit searches based on individual’s nicknames. Overall, TranUnion has utilized forward thinking leaders an committed employees to develop one of the largest and most well rounded credit bureaus in the world.