Seven CUs Create Student Loan CUSO
The credit unions created a CUSO Student CU connect dedicated to private student loan funding for eligible ITT Technical Institute students nationally. The participating credit unions are Eli Lilly Federal Credit Union in Indianapolis; Bellco Credit Union in Greenwood Village, Colo.; Community America Credit Union in Kansas City, Mo.; Directions Credit Union in Toledo, Ohio; Veridian Credit Union in Waterloo, Iowa; and Credit Union of America in Wichita, Kan.
"Providing educational loans is core to our mission because they are critical to helping create strong and growing communities," said Fred Healey, president/CEO of Workers' CU.
The loan program initially was developed by the Rochdale Group, a credit union consulting firm in Overland Park, Kan.
"We are pleased that our eligible students will have access to this new private education loan program. We look forward to continuing to work with the credit unions in this important area for our students," said Kevin M. Modany, chairman/CEO of ITT Technical.