Big CUs Join Student Lending CUSO
Credit Union Student Choice has added three more credit unions to its client base, all in the billion dollar asset range.
The $1.3 billion Genisys Credit Union in Auburn Hills, Mich., the $1.3 billion TruMark Financial Credit Union in Trevose, Pa., and the $1.6 billion Georgia's Own Credit Union in Atlanta, are the latest to sign on to the private student lending services CUSO.
"While our 160 credit union clients range in size from $20 million in assets to nearly $9 billion, we're especially pleased that 31 credit unions over $1 billion in assets have embraced the private student lending opportunity and chosen the Student Choice solution to meet the needs of both their members and the cooperative," said Jim Holt, vice president, sales operations of CUSC.
Since launching in May 2008, credit unions partnered with CUSC have now funded more than $260 million in private student loans to nearly 20,000 students, according to the CUSO.