Great Recession, portfolio performance concerns, led the Los Angeles-based credit union to suspend lending activity.
Alliant Credit Union is the latest credit union to collaborate with student lending CUSO CU Campus Resources, the CUSO announced.
Members in or out of school can refinance outside, consolidate current loans.
Private student loans account for just 0.2% of the U.S. credit union loan portfolios, according to Callahan & Associates, but student loan CUSOs and credit unions that offer student loans believe they’re a worthwhile addition to any CU’s product suite, citing potential relationships with young members as a major benefit.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
Austin CU to use Wisconsin-based CUSO's services to offer private student loans.