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.
Mike Long, the chief credit officer of the UW Credit Union, has been named to the Federal Reserve Board's Consumer Advisory Council.
Offering private student loans can be advantageous to a credit union in many ways, and more and more CUs are taking an interest in the product.
CU Campus Resources recently announced it has partnered with Citizens Equity First Credit Union of Peoria, Ill., to offer private student loans to its members.
For credit unions offering private student loans, opportunity is the one common word they are all shouting.
UW Credit Union announced that it has launched a new private student loan program and student lending CUSO, CU Campus Resources.