Great Recession, portfolio performance concerns, led the Los Angeles-based credit union to suspend lending activity.
Read how credit unions are protecting themselves from the risk of a student loan bubble.
Gary Perez is upbeat about the future of private student loans.
The $4.2 billion Pennsylvania Employee Credit Union is getting out of the student loan business, but Harrisburg, Penn.-based credit union’s decision isn’t related to recent criticism directed at loan servicer Sallie Mae.
Wisconsin-based student lending specialist hits mark after three years in business.
Last year was not the most glowing year for student loans, reputation-wise. The Consumer Financial Protection Bureau’s release of numerous negative comments from the public on their experiences as private student loan borrowers, comparisons of student loans to the burst mortgage bubble and the fact that national student loan debt...
Alliant Credit Union is the latest credit union to collaborate with student lending CUSO CU Campus Resources, the CUSO announced.
All student loan borrowers are out to get an education, but for those who belong to credit unions, a different kind of schooling might be in store. Some credit unions say they’re placing an emphasis on educating their student loan recipients about the borrowing process, from application submission through repayment.
University of Wisconsin Credit Union is introducing a new program that will teach student loan borrowers all about loan repayment post-graduation.
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.