Lending

Although they are outside credit unions' traditional line of products, private student loans present an opportunity to help families pay for college when scholarships, grants and federal loans are not enough to cover the rising cost of attendance.

Offering private student loans can be advantageous to a credit union in many ways, and more and more CUs are taking an interest in the product.

CUNA has informed the U.S. Treasury Department that credit unions believe the federal government has a "very important but targeted" role in the secondary mortgage market going forward.

Credit Union Student Choice, a CUSO providing private student lending services, announced it has partnered with Filene Research Institute to help its clients form deeper relationships with young adults.

In light of the new risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, CUDL has developed a way to help credit unions that are looking to provide auto dealers with credit score disclosure notices.

The $70 million Members Federal Credit Union has signed on to a CUSO to offer small business owners commercial loans and lines of credit.