Members Cooperative Credit Union has become the first in Minnesota to join the network of credit unions using the Fynanz Inc. turnkey private student lending platform, the company said.
The Fynanz platform is the technology engine for the cuStudentLoans.org lending network, which allows credit unions to originate private student loans. More than 20 credit unions are now either network members or provide lending student centers through Fynanz, the New York-based company said.
"We think that this program, coupled with a number of our other youth focused initiatives, will help us better meet the needs of younger members," said Robbie Thompson, vice president and general counsel at $277 million Members Cooperative CU in Cloquet, Minn.
