Majority of CU Voters Do Not Offer Student Loans

With the elimination of the Federal Family Education Loan Program looming and with overhead and college tuition costs continuing to rise, Credit Union Times decided to ask how many credit unions offer student loans to members.
In the most recent online voting poll results, Credit Union Times found that 51% of respondents do not have a student loan program.
Forty-two percent said that their credit union does offer student loans to members.
Six percent said that their credit union currently does not offer student loans, but it is working on putting together a program.

How Has the Credit Tightening Impacted CUs?

Credit unions have seen opportunity in many different areas as a result of the economic crisis.
With banks tightening credit, there is no better time for credit unions to stand out as a viable option for consumers.
In the latest online voting poll questions, Credit Union Times wants to know how the tightening of credit has influenced business services at your credit union.
How has banks' tightening access to credit impacted business services at your credit union?
We are seeing an increase in the number of business loan requests.
We are seeing an increase in the number of business deposit requests.
We are not seeing any significant changes.