New York credit union signs on with student lending CUSO.
Credit unions and community banks have traditionally stood as direct competitors, vying for the attention of similar types of consumers. But in the private student lending market, a fierce face-off between the two is not expected, several experts say.
Billion-dollar Oregon Community in Eugene adding private education loans to its product menu.
Lending technology provider adds users in Iowa, Massachusetts, New York, Florida and Colorado.
Alabama-based corporate to offer Smart Option Student Loan program to its credit union members.
A new survey by First Associates Loan Servicing showed student loan borrowers prefer more methods of communication with servicers than most offer.
New agency is requesting information on the private student lending market from lenders, student loan servicers, the higher education community and the public to aid in its preparation of a new report to Congress.
Six more credit unions join client list for student lending platform as client base jumps 50% in six months, company says.
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.
To help with the financial stress of a new school year, 121 Financial Credit Union in Jacksonville, Fla., is offering short-term loans of $500 to $2,500 at an 8% fixed rate to its members across northeast Florida.