The more than 150 credit unions on Fynanz Inc.’s student loan platform now have access to PerFORMer loan form services from St. Paul, Minn.-based Securian Financial Group as a result of a new partnership between the two vendors, Securian announced.
Securian’s PerFORMer services provide financial institutions with customizable, state and federally compliant loan documents.
“Partnering with Securian provides our credit union clients with a guarantee that their private student lending documents are fully compliant wherever they do business in the United States,” Fynanz CEO Vince Passione said. “Our partnership creates efficiency for all credit unions that use the Fynanz platform for their student lending needs.”
Added Jackie Philpot, manager for Securian Loan Document Services, “This new service simplifies and strengthens the student loan process for credit union members and for credit unions. It also expands the reach of our PerFORMer product line by giving us the opportunity to work with new credit union clients.”
New York City-based Fynanz powers the cuStudentLoans.org private student loans marketplace and said it surpassed the 150 CU partner mark in September. Securian said it now provides insurance, debt protection, loan documents and marketing services to more than 4,000 financial institutions.