American Eagle FCU Partners with Student Choice to Offer Private Student Lending Solutions
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Washington, D.C. (April 30, 2014)—Credit Union Student Choice, the foremost provider of higher education financing solutions to America’s credit unions, announced that American Eagle Federal Credit Union of Glastonbury, Connecticut ($1.4 billion in assets) has partnered with Student Choice in order to deliver a private student lending program to their members.
“By partnering with Student Choice, we can now provide an affordable solution that meets a growing need of our student members,” said Edward Fox, Senior Vice President, Chief Lending Officer for American Eagle FCU. “The student loan program is a welcome alternative for students and families designed with their best interests in mind. The undergraduate, graduate business and consolidation loans are competitive products with significant value to our membership.”
Through the partnership with Student Choice, American Eagle FCU will be offering private student lending solutions to undergraduate students, graduate business students, and college graduates who want to consolidate outstanding private student loan debt.
“We’re thrilled that American Eagle Federal Credit Union has elected to partner with Student Choice in providing their members with a top-tier private student lending solution,” said Jim Holt, Chief Revenue Officer for Credit Union Student Choice. “As the debate around soaring college costs and rising student debt rages on, credit unions like American Eagle FCU are stepping up to offer a solution that delivers real value to students and families.”
Student Choice enables credit unions of all sizes to make school‐certified 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 $1.3 billion in private student loans to more than 50,000 borrowers.
About American Eagle Federal Credit Union
American Eagle Federal Credit Union (www.americaneagle.org) is a not-for-profit financial cooperative headquartered in Glastonbury, CT. It is the largest community credit union in Connecticut with 12 community offices, 103,000 members, and $1.4 billion in assets. AEFCU offers banking services to everyone who lives, works, worships, or attends school and businesses in Hartford, Middlesex, and Tolland counties in CT. The Credit Union was founded in 1935 by employees of Pratt & Whitney Aircraft. Member deposits are federally insured by the National Credit Union Administration (NCUA), a U.S. government agency.
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