Good Loans for Students = Good Business for Members 1st FCU
Members 1st FCU finds early success with recent launch of private student lending solution.
Members 1st FCU finds early success with recent launch of private student lending solution.
Eastman CU offers full-cost student loans. It makes members for life, and delinquency rates have been low.
Take the rapidly rising costs of college education, mix in a private student loan market that has grown 450% in the last seven years alone, add a mass exodus of traditional lenders because of restricted access to capital, and you’ve got a volatile recipe for turmoil in the student loan marketplace.
Earlier in 2009, President Obama introduced his 2010 budget overview, which included plans to dramatically overhaul the current student loan financing system. To understand the impact of this proposed change on natural person credit unions involved in FFELP lending, Callahan’s Dane Coalson interviewed Mike Long, EVP& CCO of University of Wisconsin CU (UWCU).
GUASFCU offers repeat loan promotions that target repeat applicants.
Georgetown University’s student-run credit union is cognizant of the duration of its investments and has developed strong cash positions.
Private student lending has grown significantly in the credit union space, but it’s also often been viewed with a skeptical eye. Here’s a look at the perceptions and realities.
Credit union involvement seen as limited but experts say keep an eye on the bouncing ball nonetheless.
Rescue loans, allowance for loan and lease losses, strategies for non-indirect auto loan growth, and more this week on CreditUnions.com.
Arlington Community Federal Credit Union recognizes that young adults ready to buy their first car might need help with saving funds and purchasing the vehicle.
The economy feels pretty bleak to young consumers, with homeownership seeming permanently out of reach. Some credit unions are taking steps to combat that pessimism.
A mix of account features, parental involvement, and financial education are all helping the Kentucky cooperative narrow its generation gap.
Jay Hall’s role at Fortera Federal Credit Union helps families properly settle accounts after a member has passed away.
A new YouGov study indicates only one-third of consumers expect to have enough money saved for retirement by age 65, and virtually no one is confident about their plans once they stop working.
Stephanie Sides straddles daily branch operations and strategic management to ensure retail quality at Texas Trust.
Branching experts share the pros and cons behind ditching the traditional teller role in favor of a new staffing model.
Evolving technology and alternative staffing models offer greater flexibility and efficiencies, but the conventional service model remains a mainstay at many credit unions.
The California cooperative has partnered with a catering company to open a café in its two headquarters buildings, offering fresh, affordable food to the public.
Cooperatives are expanding branch networks as banks of all sizes pull back from brick-and-mortar.
The Texas credit union is extending financial services and resources to geographical areas with limited or no banking presence.