Student loans may soon be a thing of the past for PSECU, the$4.2 billion Harrisburg, Pa., credit union founded in 1933 to servePennsylvania state employees.
According to President/CEO Greg Smith, the decision to discontinue student loans hasnothing to do with problems generated by Sallie Mae, which servicesloans for about 1,000 credit unions.
“We've referred several hundred of our members to Sallie Mae forloan servicing over the past year,” said Smith. “I haven't heardany complaints from the borrowers, and believe me they would havelet us know.”
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