Scott Patterson has been promoted from executive vice president to president of Credit Union Student Choice, a CUSO that provides higher education financing services to about 250 credit unions.
Patterson succeeds Jon Jeffreys, who has been named a managing partner at Callahan & Associates and will remain on the Student Choice board, the CUSO said Monday in its announcement.
Student Choice has originated more than 50,000 private education loans totaling $1.2 billion since it was launched in 2008, the announcement said. The company said it enables credit unions of all sizes to fund and hold school-certified education loans by managing many of the challenges and risks.
Patterson will continue to serve as vice president of new business partnerships at Callahan, the Washington, D.C.-based credit union data analysis and consulting firm.
“Scott and Jon have worked closely together over the last six years in building Student Choice from an idea to a complex organization serving hundreds of credit unions and thousands of borrowers,” said Brian DuCharme, president/CEO of the $388 million MIT Federal Credit Union in Cambridge, Mass., and board chairman for Student Choice.
Patterson said, “We know that credit unions are bringing tremendous value to students and families. By continually enhancing our solution while also developing new, innovative programs, we know that credit unions can do even more.”