Sallie Mae, the financial services company known as a powerful player in the private student lending market, made a shift last year when it introduced a high-yield, online savings account and online certificates of deposit.
And last month, it announced further expansion of its retail banking business–a no-fee student checking account, which can be obtained through colleges and universities and used for direct disbursement of financial aid and tuition refunds.
Will potential credit union members be on the receiving end of these products? Maybe, say two credit union student loan vendor executives.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
