$2.6 Billion TDECU Partners with Student Choice to Offer Education Finance Solutions
Credit Union Student Choice, the foremost provider of higher education financing solutions to America’s credit unions, has announced that TDECU ($2.6 billion; 215,000 members; Lake Jackson, TX) has partnered with Student Choice to deliver both in-school and consolidation loans to its members.
“As a full-service financial cooperative, it is imperative that we support the needs of our members as they pursue their higher education goals,” said Chuck Smith, TDECU’s Chief Lending Officer. “Paying for college is one of the biggest investments a family will make, and when done responsibly, it can also be one of the best. TDECU is proud to offer a comprehensive solution that will help us deliver both fair-value loans and educational resources that will help young adults and families make good decisions.”
This move further supports TDECU’s ability to serve the needs of one of its primary memberships, the University of Houston. The credit union opened a full-service, campus branch to students, faculty, and staff last fall.
“Student Choice’s lending solutions and resources really complement what we are doing for the university community,” added Smith. “We’re very pleased to be able to add this type of service to our offering.”
“We are very excited and honored to partner with a credit union the caliber of TDECU,” said Credit Union Student Choice Chief Revenue Officer Jim Holt. “They are extremely progressive, setting the bar in so many categories within the industry. They are now doing the same with their education finance efforts, and we are pleased to provide them with the latest tools available to enhance their member value.”
Student Choice enables credit unions of all sizes to make private education loans that are held on their own balance sheet. Since launching in 2008, the CUSO has helped nearly 250 partner credit unions originate $1.6 billion in private student loans to more than 70,000 borrowers.
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