Despite an industry facing trendsto the contrary, GaryPerez is upbeat about the future of private student loans athis credit union. And he isn't alone among credit unionexecutives.

As president/CEO of USC Credit Union, which serves students,faculty, staff and alumni of the University of Southern California,Perez didn't always feel positive about what critics describe asthe latest financial bubble ready to burst.

Until recently, in fact, $370 million USC CU, which serves62,000 members from its Los Angeles headquarters, was in theprocess of “sunsetting” a student loan initiative that once madeUSC CU the largest credit union participant in the Federal Family Education Loan Program .

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