Consumer loan servicing company First Associates Loan Servicing of San Diego has stepped up toservice the student loans offered by Student CU Connect CUSO LLC, astudent lending CUSO formed by seven credit unions in 2009 to assist students of ITTTechnical Institutes, First Associates announced.
|SCUC's private student loans are available through the $1billion EliLilly Credit Union of Indianapolis, one of the CUSO's sevenfounding credit unions. Students can borrow between $1,000 and thetotal cost of their education, minus any funds they receive due tofederal and state grants and financial aid, First Associatessaid.
|The CUSO's six other founding credit unions are the $2.2 billionBellco CU of Greenwood Village, Colo., the $1.9 billion CommunityAmerica CU of Lenexa, Kan., the $577.7 million Directions CU ofSylvania, Ohio, the $2.2 billion Veridian CU of Waterloo, Iowa andthe $483 million Credit Union of America in Wichita, Kan.
|“We're pleased with this vote of confidence from SCUC and EliLilly,” said David Johnson, CEO for First Associates. He said theCUSO's selection of First Associates was the culmination of aone-year due diligence process.
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