Student Choice Promotes Patterson to President
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Washington, D.C. (January 13, 2014) — Credit Union Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced that Scott Patterson has been promoted to the role of president. Patterson served as executive vice president since the organization’s founding in 2008 and replaces former president Jon Jeffreys, who was recently named Managing Partner of Callahan & Associates. Jeffreys will remain actively involved with Student Choice as a member of its Board of Directors.
“We are thrilled to have someone of Scott’s caliber step into the president role at Student Choice, while also retaining Jon on our Board,” said Brian Ducharme, President and CEO of MIT Federal Credit Union and Chairman of the Student Choice Board of Directors. “Scott and Jon have worked closely together over the last six years in building Student Choice from an idea to a complex organization serving hundreds of credit unions and thousands of borrowers. I have the utmost confidence that Scott will lead a seamless transition and continue crafting a solution that meets the needs of both credit unions and young adults.”
Patterson has nearly 15 years of experience in the credit union industry, including more than 13 years at Callahan & Associates. During his tenure at Callahan, Patterson has led numerous business initiatives, including development of the popular Peer-to-Peer and CUAnalyzer.com financial performance analysis businesses, as well as the launch in 1999 of the CreditUnions.com website as a key information resource for credit union professionals.
“I’m very excited to take on this new role and I look forward to continue helping credit unions make a positive impact in the education finance market,” said Patterson. “We know that credit unions are bringing tremendous value to students and families. By continually enhancing our solution while also developing new, innovative programs, we know that credit unions can do even more.”
In addition to his role at Student Choice, Patterson will continue to serve as the Vice President of New Business Partnerships at Callahan & Associates. He holds an undergraduate degree from Trinity University (Texas) and an MBA from the University of Oxford’s SAID Business School in England.
Student Choice enables credit unions of all asset sizes to fund and hold school-certified private education loans by managing many of the challenges and risks commonly associated with student lending. Launched in 2008, the credit union service organization (CUSO) now serves nearly 250 credit unions and has originated more than 50,000 private education loans totaling $1.2 billion.
About Credit Union Student Choice
Credit Union Student Choice is a credit union service organization (CUSO) that positions credit unions as leaders in education finance by offering a comprehensive solution that helps them deliver fair-value private education loans and corresponding financial education to students and families.
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