WALLINGFORD, Conn. — With the cost of college tuition rising at a 7.5% clip annually, credit union member-parents with college bound kids are looking for some help and a bit of relief. A new program rolled out here by Constitution Corporate FCU and other corporates to their own CU members is timed to do just that.

CU Student H.E.L.P. helps fill in the gap where government loans fall short, said Dan Poulin, senior director of business development. And it has the special added benefit of helping to cement the loyalty of future members by giving loans that secure the cost of their education. Capturing that market is very important, Poulin said. “Providing a private student loan program is a great way to help our members attract the Gen Y market. Our members’ staff can easily cross sell to existing members because their children, grandchildren, nieces and nephews are growing up and looking for ways to afford college. CU Student H.E.L.P. serves these members while keeping internal costs low.”

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?

 

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 © 2022 ALM Global, LLC. All Rights Reserved.