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By offering both in-school and refinance lending, credit unions can appeal to members at multiple stages of life and establish a genuine opportunity for long-term relationships.
Five can’t-miss data points this week on CreditUnions.com.
Credit unions have carved out a strong niche in providing responsible lending that fills a critical need for many thousands of families ever year.
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Student lending at credit unions increased 14.0% to $4.0 billion in the first quarter of 2018. Test your knowledge of student lending in this data quiz.
Credit unions can help their employees via targeted financial education and repayment assistance, and potentially strengthen SEG relationships, with new benefits tied to student loans.
Student lending at credit unions was up 13.7% in third quarter 2017.
What are the key factors that credit unions must consider when implementing a private student lending program or managing an existing one?
The hottest employee benefit of 2017 could be a new opportunity for credit unions.
In 2008, credit unions began dipping their toes into what many considered to be the treacherous waters of private student lending. More than nine years later, credit unions are charting a positive course.