Langley FCU Gets into Student Lending Business
The $1.7 billion, 167,900-member Langley Federal Credit Union in Newport News, Va., has joined the ranks of credit unions offering its own student lending option.
The credit union’s Student Choice private loan solution offers lower rates, zero original fees and flexible payment terms, LFCU said. The Washington-based CUSO, Credit Union Student Choice, is the credit union’s partner in the offering.
“As a not-for-profit credit union serving Hampton Roads, we have the unique ability to design products that are truly in best interest of the student and their family,” said Barbara Elvington, LFCU’s senior vice president of lending.
“In addition to student loans, the credit union offers financial management resources for young adults and a full-range of products and services to help develop and maintain good financial habits,” Elvington said.