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.
Private-label program aims to allow CUs to hold loans in their own portfolios.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
Syracuse CU joins client list of 200-plus for 3-year-old D.C.-based student lending CUSO.
Student loan vendor Credit Union Student Choice said its services are now in use at 200 credit unions.