8/24/2010
U.S. News Article Underscores Emerging Influence of Credit Unions in Student Lending
Washington, D. C.- As students across the country return to campus for the fall semester, more are relying on credit unions to help fund their college expenses. And national publications - such as U.S. News & World Report - have taken notice. In its August 16 issue, the news magazine featured Indianapolis‐based Eli Lilly
7/8/2010
Credit Union Student Choice Deepens Expertise and Enhances Client Support with Staff Additions
Washington, D.C. (July 8, 2010) - Credit Union Student Choice, the foremost provider of turn-key private student lending services to America's credit unions, recently announced two staff additions. Joining the credit union service organization (CUSO) are Jennifer Y. Miller as Senior Product Manager and Janet E. Barger as Manager, Client Relations and Education.
6/29/2010
CU Student Choice Reaches 150 Clients with Addition of GTE FCU, NEFCU, and Associated CU
Washington, D.C Credit Union Student Choice, the foremost provider of turn-key private student lending services to America's credit unions, announced that GTE Federal Credit Union in Tampa, FL ($1.6B in assets), NEFCU in Westbury, NY ($1.5B in assets), and Associated Credit Union in Norcross, GA ($1.2B in assets) have become the latest credit unions to join the credit union service organization’s quickly expanding student lending network.
6/7/ 2010
Credit Union Student Choice Announces Addition to Board of Directors
Washington, D.C. - During its recently-held annual owners meeting, Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to nearly 150 credit unions, elected Brian McVeigh, Senior Vice President at Lake Trust Credit Union in Lansing, MI to a two-year term on its Board of Directors.
5/6/2010
Ohio Credit Unions Commit More than $150 Million to Affordable Private Student Lending
Columbus, Ohio - With the gap between federal student loans and the cost of higher education increasing rapidly, a collaboration of Ohio credit unions has stepped forward to commit $150 million in affordable student lending to college-bound Ohioans. Ohio Student Choice, an alliance of 11 credit unions across the state that each committed at least 1% of their assets to student lending, was officially introduced this afternoon at the Ohio Statehouse before state leaders, credit union supporters, parents, and college students. The combined fields of membership of the participating credit unions encompass the entire state.
5/4/2010
USA Today Articles Highlight Growth of CU Student Choice on Second Anniversary
Washington, D.C. - Nearly two years to the day since the company launched, Credit Union Student Choice was highlighted in two USA Today articles about the private student lending market. Written by well-known Money columnist Sandra Block, the articles focused on recent events in student lending and encouraged readers to check out credit unions if they are in need of a private student loan.
4/23/2010
Credit Union Student Choice Adds Three More Credit Unions to Growing Client List
Washington, D.C. - Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to credit unions across the country, announced that Public Service Credit Union in Denver, CO ($1.1B in assets), USA Federal Credit Union in San Diego, CA ($642M in assets), and Seven Seventeen Credit Union in Warren, OH ($765M in assets) have joined the CUSO's quickly expanding student lending network.
3/12/ 2010
CUcorp Announces Strategic Business Partnership with Credit Union Student Choice
Washington, D.C. - CUcorp, a wholly-owned subsidiary of the Michigan Credit Union League, and Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to more than 100 credit unions across the country, recently announced a strategic business partnership between the two organizations.
3/12/2010
Credit Union Association of New York Announces Partnership with
Credit Union Student Choice
Albany, NY - The Credit Union Association of New York has entered into a strategic
partnership with Credit Union Student Choice, a credit union service organization (CUSO) that
provides turn-key private student lending services to more than 100 credit unions across the
country.
2/18/2010
San Francisco Fire CU Becomes 100th Client for CU Student Choice
Washington, D.C. - Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to credit unions across the country, announced that San Francisco Fire CU has become the 100th credit union to join the CUSO's student lending network.
2/08/2010
Credit Unions Take Top Spots in Independent Analyst Ranking of Private Student Lenders
Washington, D.C. - Three credit unions recently found themselves as the nation's top-ranked private student lenders according to an independent analyst.
2/03/2010
Credit Union Student Choice and Collegiate Funding Solutions Announce Strategic Business Partnership Washington, D.C. - Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to nearly 100 credit unions across the country, recently announced a strategic business partnership with Collegiate Funding Solutions (CFS), a leading provider of innovative and integrated, web-based college funding solutions and college planning software for financial services professionals and financial services institutions.
1/29/2010
Top Global Business Schools Offering Custom Loan Programs from Not-for-Profit Credit Unions Washington, D.C. - Four of the top ten Global MBA schools, as ranked this week by The Financial Times, now offer custom graduate private student loan programs from credit unions, an increasingly popular lending source for these prestigious business schools.
1/18/2010
College Planning Seminar Draws Huge Audience for Everett Credit Union
Everett, MA - Deciding how to pay for college has always been an important topic for students and families. But in light of increasing costs and the financial hardships brought on by today's challenging economic times, the topic has taken on a more urgent tone for many consumers.
12/18/2009
Eyes of College Financial Aid Community Being Opened to Credit Union Financing Options
Washington, D.C.- In the midst of ongoing economic turmoil, escalating
attendance cost and increased student need, college financial aid administrators are faced with the
daunting task of finding fair‐value private student loan options. But thanks to a recent series of
presentations from executives at Credit Union Student Choice, many are becomingaware of the
financing solutions being offered by a new entrant in the market - credit unions.
11/30/2009
Credit Union Student Choice Announces Strategic Business Partnership with myCUmortgage
Washington, D.C. - Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to more than 90 credit unions across the country, recently announced a strategic business partnership with myCUmortgage, a wholly-owned CUSO of Wright-Patt Credit Union that provides mortgage services to credit unions throughout the Midwest.
10/13/2009
Credit Union Student Choice President to Address Future of Private Student Loans at CBA Conference
Washington, D.C. - Serving as testimony to the expanding role and increasing
influence of credit unions within private student lending, Jon Jeffreys, President of Credit Union Student
Choice, will be a featured speaker at the Consumer Bankers Association's (CBA) Student Lending
Conference later this year. During a joint session with representatives from other industry leaders,
Jeffreys will address the future of the private student lending market and the successful entry of credit
unions into this space.
10/01/2009
Credit Union Student Choice Adds Student Lending Sales Veteran to Management Team
Washington, D.C. - Credit Union Student Choice, a credit union service organization
(CUSO) that provides turn‐key private student lending services to more than 80 credit unions
nationwide, announced that Jim Holt has joined its management team as Vice President of Sales. Holt
brings nearly 20 years of student lending and sales experience to the CUSO.
9/18/2009
Overhaul of Federal Student Lending Has No Impact on Private Student Lending Opportunity
Washington, D.C. - Hoping to save billions in subsidies over the next decade, the House of Representatives passed a bill yesterday that would cut out private lending institutions from originating Federal student loans. According to Jon Jeffreys, President of Credit Union Student Choice, while this measure would have grave ramifications for all lenders who originate Federal student loans, the opportunity for credit unions in private student lending remains strong.
8/18/2009
Credit Union Student Choice Launches CUSelect to Connect Private Student Loan Borrowers with Credit
Unions
Washington, D.C. (August 18, 2009) - Credit Union Student Choice, a credit union service organization
(CUSO) that provides turn-key private student lending services to the largest nationwide network of
participating credit unions, announced that it has launched CUSelect, a dynamic web tool that helps
would-be private student loan borrowers connect with credit unions who participate in the Student
Choice network.
7/29/2009
BECU and Suncoast Schools FCU Launch Credit Union Student Choice Private Student Lending Program
Washington, D.C. -Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to more than 80 credit unions across the country, announced that BECU and Suncoast Schools FCU have recently begun offering the CUSO’s student lending program. With the addition of the two credit unions, the number of existing credit union members who now have access to a private student loan through the Student Choice network has risen to more than five million.
7/27/2009
Washington, D.C.- The Pennsylvania Credit Union Association (PCUA) and Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to more than 80 credit unions across the country, recently announced a strategic business partnership between the two organizations.
7/9/2009
Overture Technologies and Credit Union Student Choice Announce Marketing Alliance
The marketing alliance will bring a competitive source of capital to students and families searching for ways to pay for higher education.
7/7/2009
Credit Union Student Choice Deepens Student Lending Expertise with New Hires
Joining the company are Bill Pezzulli as Director of Product Development and Christopher Verleger as School Account Executive. With a combined 25 years of experience in student lending and higher education, Pezzulli and Verleger bring tremendous industry experience and insight to the CUSO.
STANFORD, CA - Stanford Graduate School of Business and Star One Credit Union today announced the launch of a new private loan program through Star One Credit Union to provide financial assistance to students admitted to the School's MBA, PhD, and Sloan Master's programs. An especially welcome relief to international students, the custom loans, which cover tuition and living expenses, will be available to those without a U.S. co-signer.
06/08/2009
Washington, D.C. -Credit Union Student Choice, a credit union service organization that provides turn-key private student lending services to more than 70 credit unions across the country, announced that it has joined the Mapping Your Future Friends program. In doing so, Student Choice will support efforts to provide free career, college, financial aid and money management information and services to schools, students and families.
05/28/2009
Credit Union Student Choice Adds Technology Expert to Management Team
Washington, D.C.- Credit Union Student Choice, a credit union service organization that provides turn-key private student lending services to more than 70 credit unions across the country, announced that Doug Jabbour has joined its management team as Vice President, Information Systems. Jabbour has more than 25 years of experience ....
05/07/2009
Credit Union Student Choice Receives Prestigious Collaboration and Innovation Award
Washington D.C. - Credit Union Student Choice, a credit union service organization that helps credit unions build productive loan relationships with young adults by enabling them to offer private student loans that are retained on the credit union’s balance sheet, was honored as co-recipient of the 2009 Collaboration and Innovation Award during the recently-held NACUSO Annual Conference. Jon Jeffreys and Scott Patterson, Credit Union Student Choice President and Executive Vice Presid ...
04/16/2009
CAMBRIDGE, MA, - Harvard University Employees Credit Union (HUECU) announced the launch of a custom loan program with Harvard University that will provide needed assistance to students at all 13 of the University's graduate schools. The program is available to both domestic and international students and features highly competitive loan terms and flexible repayment options. ...
04/9/2009
PHILADELPHIA, - The Wharton School of the University of Pennsylvania announced the launch of a custom loan program with Digital Federal Credit Union (DCU) that will provide needed assistance to international MBA students. The program, which covers tuition and living expenses, is also available to current first-year international students for their second year of study. Highlights of the program include attractive loan terms, no origination fees and attentive customer service. ...
2/27/2009
Elimination of Federal Student Loan Program Highlights Private Loan Opportunity for Credit Unions
Washington, D.C. - President Obama's recently released 2010 budget proposal contains several striking changes in federal student aid programs—most notably, the elimination of the Federal Family Education Loan (FFEL) program—by the beginning of the 2010-11 academic year. While this proposal raises many questions for those lenders involved in the FFEL program, the opportunity for credit unions in the private student lending market remains great. ...
1/26/2009
Credit Union Becomes Lender for #4 Business School in U.S.
Washington, D.C. - In an unprecedented move within the student lending industry, a local credit union has replaced one of the world's largest banks as a lender for private student loans at the MIT Sloan School of Management. The credit union leveraged its unique structure as a not-for-profit financial cooperative to create a program that will deliver superior economic value to MIT Sloan students at a time of critical need....
12/3/2008
Student Choice Announces Strategic Partnership with ReliaMax Surety
Washington, D.C. - Credit Union Student Choice announced it has formed a strategic partnership with ReliaMax Surety, a leading provider of education loan default insurance. Within our program credit unions have an option of purchasing default insurance for their private student loan portfolio,” said Jon Jeffreys, President of Credit Union Student Choice. Because most credit unions do not have extensive experience in student lending, we understand they may feel more comfortable adding an...
11/13/2008
Grow Financial FCU and Arkansas FCU Become Latest to Partner with Student Choice
Washington, D.C. - Grow Financial FCU ($1.8B in assets) in Tampa, FL and Arkansas FCU ($662M in assets) in Jacksonville, AR have become the 21st and 22nd credit unions to partner with Credit Union Student Choice in offering the credit union service organization's private student lending solution. With the addition of Grow Financial and Arkansas to our program, we will soon be offering a high-quality private student loan product to nearly 2.5 million existing credit union members...
10/31/2008
Addison Avenue FCU and HawaiiUSA FCU Sign-on with CU Student Choice
Washington, D.C. - Credit Union Student Choice, the credit union service organization that launched in May 2008, announced that Addison Avenue FCU ($2B in assets) and HawaiiUSA FCU ($975M in assets) have signed on to offer the CUSOs private student lending solution. The two credit unions will join 18 others who have already partnered with Student Choice. We're thrilled to bring...
9/11/2008
Polish & Slavic FCU Launches Private Student Lending Via Credit Union Student Choice
Polish & Slavic FCU in Fairfield, NJ ($1.2B in assets) announced they are now offering private student loans to their members through Credit Union Student Choice, a new credit union service organization (CUSO) that launched in May 2008...
8/18/2008
Credit Union Student Choice Bucks Trend, Tops $25 Million in Loan Approvals
In stark contrast to the dreary newspaper articles chronicling the downfall of student lenders, including such big names as Bank of America and Wachovia, Credit Union Student Choice is finding success as a new entrant in the private student loan market...
7/18/2008
Three More CUs Launch Private Student Loan Solution Through CUSO
Visions FCU ($2.1B in assets), Workers CU ($595M in assets), and Directions CU ($517M in assets) announced they are now offering private student loans to their members through the Credit Union Student Choice CUSO. The three credit unions will join twelve others who are currently live, raising...
7/8/2008
Former Sallie Mae Executive Joins Credit Union Student Choice CUSO
The Credit Union Student Choice CUSO, launched in early May to give credit union members a better way to pay for college, announced that Michelle Pezzulli, former Director of Repayment Solutions for Sallie Mae, has joined its management team as Vice President of Operations...
6/27/2008
Credit Union Student Choice Tops $6 Million in Loan Approvals
With the student lending season now in full swing, the new Credit Union Student Choice CUSO that launched in early May announced they have approved more than $6 million in private student loans for the upcoming academic year....
6/17/2008
Three More Credit Unions Sign On with Credit Union Student Choice to Offer Private Student Loans
Members 1st FCU in Mechanicsburg, PA ($1.5B in assets), Irving City Employees FCU in Irving, Tx ($35.7M in assets), and Leaders CU in Jackson, TN ($100M in assets) announced they will offer private student loans to their members this summer through Credit Union Student Choice, a new CUSO...
6/4/2008
In Just 30 Days New CUSO Approves $1.5 Million in Private Student Loans
Since first launching on May 5, the Credit Union Student Choice network has already approved more than $1.5 million in private student loans. The seven credit unions currently live on the system are providing their members and communities with cost-effective college financing during a time of ...
6/3/2008
Former Chair of CUNA Marketing and Business Development Council Joins Credit Union Student Choice
The Credit Union Student Choice CUSO is pleased to announce that Mike Weber, former Vice President of Marketing and Public Relations for Dupaco Community Credit Union and immediate past Chair of CUNA's Marketing and Business Development Council has joined its management team as Vice President of ...
5/29/2008
Eli Lilly FCU to Enter Student Lending Business to Serve Members and Drive New Growth
Eli Lilly Federal Credit Union, a single-sponsor credit union always looking to expand its value to members, is the latest credit union to sign with Credit Union Student Choice...
5/23/2008
Melissa Hunt Joins Credit Union Student Choice CUSO
The Credit Union Student Choice CUSO, formed to help members finance higher education directly through their credit union, is excited to announce that Melissa Hunt has joined the management team as Vice President of Business Development. Ms. Hunt formerly served as the Vice President of..
5/19/2008
Northwest FCU Moves Beyond Referral Model for Student Lending
Credit Union Student Choice today announced the signing of a major credit union to the new CUSO's private student loan capability network...
5/6/2008
Credit Unions Seek to Change the Face of Education Financing in America
Credit Union Student Choice, a new collaborative CUSO founded by several of the nation's leading credit unions and CUSOs, began business today with a new private education loan solution. These loans will redefine value for student borrowers and help credit unions connect with Gen Y members...
