Search
 

Members 1st makes student loans more affordable

MECHANICSBURG, Pa. - Members 1st FCU wants to make going to college more affordable for its members. The $671-million credit union will absorb the cost of two origination points on the Pennsylvania Higher Education Assistance Agency's Keystone BLSTT Stafford Loan for the academic year 2002-2003. The remaining origination point is...

By Staff Writer | Updated on May 28, 2002

<p>MECHANICSBURG, Pa. – Members 1st FCU wants to make going to college more affordable for its members. The $671-million credit union will absorb the cost of two origination points on the Pennsylvania Higher Education Assistance Agency’s Keystone BLSTT Stafford Loan for the academic year 2002-2003. The remaining origination point is underwritten by PHEAA. The “zero points” offer is good for all members of Members 1st, regardless of whether they are a Pennsylvania resident, that attend an approved school in the state. Students applying for the loan will also receive a 2% interest rate reduction after 48 consecutive on-time payments, and a .25% interest rate reduction for automatic debit of payments.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.