Lending giants U.S. Bank and JPMorgan Chase recently announced they had eliminated and reduced their private student lending programs, respectively. JPMorgan Chase will only make private student loans for existing customers.
Student lending program specialist adds 75 credit union partners in past year.
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.
Ever think about how tough it must’ve been to catch criminals in the Wild West, relying just on wanted posters and word of mouth?
Promotions, hirings, personnel moves.
Mobility Matters is by veteran tech reporter Robert McGarvey. This week's topics include the credit union difference on RDC fees and an NFC update.
Consumer backlash against bank fees, coupled with poor service and unmet customer expectations, has fueled increases in defection rates among customers of large, regional and midsize banks, according to the J.D. Power and Associates 2012 U.S. Bank Customer Switching and Acquisition Study.
Back in 2009, voters’ views on the safety and soundness of credit unions and banks were nearly even.
Acquisition of new customers by smaller banks and credit unions increased by 2.2 percentage points 2011, the study found.
Closure follows loss of contract with University of Iowa.