Lending

Student Lending

By Meghan Sink | June 21, 2017

The millennial disposition toward education and the student loan debt often associated with it — and how credit unions can help them overcome it all.

Partner Perspective
Millennials In Focus

By CU Student Choice | May 22, 2017

What recent college grads say about student debt, what they needed at age 18, and how they chose their bank or credit union.

By Mark Manicone | May 1, 2017

Enrollment in college and the amount of student loan debt are at an all-time high. See where two millennials at the University of South Carolina fall into the student debt narrative.

By Mark Manicone | March 20, 2017

30% of college students surveyed for a LendEDU study said they used student loan money for spring break. That’s their business … and their burden.

By CU Student Choice | March 6, 2017

What are the key factors that credit unions must consider when implementing a private student lending program or managing an existing one?

By Maya Neuman | March 6, 2017

Student loan growth is on the rise and delinquency is falling at this California credit union.

By Rebecca Wessler | March 6, 2017

Five can't-miss data points featured this week on CreditUnions.com.

By CU Student Choice | Jan. 30, 2017

The hottest employee benefit of 2017 could be a new opportunity for credit unions.

By Erik Payne | Oct. 4, 2016

More from Empower U 2016.

By Liz Furman | Sept. 29, 2016

Student lending predatory practices at big banks highlight the credit union difference.

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By Erik Payne | Sept. 29, 2016

Takeaways from Empower U 2016, as well as how one credit union lowered its average member age.

By CU Student Choice | Sept. 26, 2016

A college loan can be, and often is, the foundation of a long-lasting relationship between a member and a credit union.

By Liz Furman | Sept. 19, 2016

Credit unions step up to empower members with responsible student lending options.

By Sam Taft | Sept. 19, 2016

Outstanding student loans at credit unions have increased 16.0% since second quarter 2015. Which credit unions lead the nation in student loan balances?

By Rebecca Wessler | Sept. 19, 2016

Five can't-miss data points featured this week on CreditUnions.com.

By CU Student Choice | July 25, 2016

Low rate environment and soaring student debt lead to growing refinance boom in student lending.

By CU Student Choice | March 7, 2016

Private student lending has grown significantly in the credit union space, but it’s also often been viewed with a skeptical eye. Here's a look at the perceptions and realities.

By Marc Rapport | Nov. 5, 2015

Credit union involvement seen as limited but experts say keep an eye on the bouncing ball nonetheless.

By E.C. Harrison | Aug. 24, 2015

Careful underwriting, default insurance, and other best practices are helping credit unions beat national loan default rates and introduce bundled products that create lifetime relationships with college grads.

By Rebecca Wessler | Aug. 24, 2015

Rescue loans, allowance for loan and lease losses, strategies for non-indirect auto loan growth, and more this week on CreditUnions.com.

By Callahan & Associates | June 25, 2015

Scott Patterson, Credit Union Student Choice CEO, shares best practices for connecting with the desirable young adult market.

By Callahan & Associates | April 7, 2015

A break down of the industry’s financial performance and impact in 4Q 2014.

By CU Student Choice | March 16, 2015

What are some of the new factors that credit unions must consider when implementing a private student lending program or managing an existing one?

By CU Student Choice | Feb. 9, 2015

Student lending offers credit unions a chance to build early trust with a demographic that is getting tired of banks. And once that relationship is in place, the numbers can really add up.

By Callahan & Associates | Jan. 22, 2015

A break down of the industry’s financial performance and impact in 3Q 2014.

By Scott Patterson | Oct. 22, 2014

What the CFPB got right, and wrong, in its 2014 Student Loan Ombudsman's Annual Report.

By CU Student Choice | Oct. 20, 2014

Three key takeaways credit unions must understand for successful portfolio management.

By CU Student Choice | Oct. 20, 2014

Understanding and retaining control of your student lending program is critical to its success.

By Erik Payne | June 18, 2014

The company’s tuition assistance program offers ideas for credit unions that want to do something similar.

By CU Student Choice | April 28, 2014

The Disney Institute’s approach to customer service is a fitting description for a credit union perspective on America’s mounting student loan debt.

By CU Student Choice | March 3, 2014

The time has come to help young adults saddled with onerous private student loan debt.

By Alix Patterson | Oct. 21, 2013

By Andrew Bolton | April 1, 2013

By CU Student Choice | March 18, 2013

National data provides a reality check regarding the perceived direness of the student loan environment.

By Mark Reed | March 14, 2013

Partner Perspective
Making Sense Of Student Lending

By CU Student Choice | Feb. 11, 2013

A recent report reveals important gaps between federal and private student loan growth and performance.

By CU Student Choice | Oct. 16, 2012

Cut through the politics to get a real perspective on student lending.

By Melissa Forsyth | Oct. 16, 2012

Gen Y is eager for student loan consolidation opportunities and credit unions can offer them.

By Rebecca Wessler | Oct. 1, 2012

A diverse mix of loan products has enabled Members 1st Federal Credit Union to post impressive growth numbers while providing for a community with differing needs.

Partner Perspective
Decode Student Lending

By CU Student Choice | Aug. 29, 2012

Credit unions should look beyond the headlines to fully understand the current environment.

By Aaron Pugh | Aug. 20, 2012

Credit unions that aren’t active in student lending can assist students in other ways.

By Rebecca McClay | May 23, 2012

One Harvard student made an “emotional decision” to eliminate his student loan debt no matter what he had to forfeit.

By Bailey Reutzel | April 23, 2012

SIU Credit Union and A+ Federal Credit Union are among the credit unions teaching children to save at an early age.

By Callahan & Associates | April 18, 2012

GUASFCU focuses on products and services for students through the cyclical changes of the school year.

By Rebecca McClay | April 13, 2012

GUASFCU offers repeat loan promotions that target repeat applicants.

By Rebecca McClay | April 10, 2012

GUASFCU offers repeat loan promotions that target repeat applicants.

By Rebecca McClay | April 7, 2012

GUASFCU’s marketing efforts provide an example for credit unions looking to connect with college-age members.

By Rebecca McClay | April 5, 2012

Gen Y’s product demands now include first mortgages and auto loans, whereas Baby Boomers are turning toward retirement products.

By Rebecca McClay | April 2, 2012

Arlington Community Federal Credit Union recognizes that young adults ready to buy their first car might need help with saving funds and purchasing the vehicle.

By Aaron Pugh | April 2, 2012

Diversified student loans offerings help one credit union meet a wider segment of member needs.

By Rebecca McClay | March 27, 2012

Georgetown University students shadow their predecessors closely before becoming executives of GUAFSCU, a student-run credit union.

By Rebecca McClay | March 22, 2012

Georgetown University’s credit union ensures it meets student needs, including by accommodating students’ hectic schedules.

By Rebecca McClay | March 22, 2012

Georgetown University’s credit union ensures it meets student needs, including by accommodating students’ hectic schedules.

By Rebecca McClay | March 12, 2012

Georgetown University’s student-run credit union is cognizant of the duration of its investments and has developed strong cash positions.

By Rebecca McClay | March 1, 2012

Georgetown University's student-run credit union offers its undergraduate executives experiences that propel them into the financial world.

By Aaron Pugh | Feb. 20, 2012

Georgetown University’s student-run credit union nails down long-term financial relationships among its shifting membership base.

By Rebecca McClay | Feb. 20, 2012

Check out on-site interviews with Georgetown University Alumni and Student Federal Credit Union, a $16M credit union run by executives in their 20s. Learn how a student-run operation in Washington, DC innovates and manages regular leadership transition.

By CU Student Choice | Jan. 30, 2012

The State of the Union address hints to the future of higher education and student lending.

By Rebecca McClay | Jan. 23, 2012

Georgetown University’s student-run credit union offers lessons in innovation and leadership transitions.

By Ed Gattis | Jan. 18, 2012

Successfully serving your members involves solving the changing problems that they face through life, not merely an aggressive cross-selling promotion.

By Jim Holt | Dec. 12, 2011

Student loans continue to be a real need for many members, and credit unions can help in several ways.

By Aaron Pugh | Nov. 21, 2011

The need for borrower education, lender responsibility, and school transparency is at the heart of the student lending debate.

By Mark Buschur | Oct. 31, 2011

Student loans are filling a community need while boosting credit unions' bottom lines.

By Alexandra Gekas | Aug. 15, 2011

Credit unions can use back-to-school time to help the community and spread the financial literacy wealth to youth.

By Lydia Cole | July 1, 2011

A 5-year perspective on how credit union lending has changed.

By CU Student Choice | May 30, 2011

In the past three years a growing number of credit unions have emerged in the private student lending market.

By CU Student Choice | April 11, 2011

The concept of reading, ’riting, and ’rithmetic is a valuable tool for credit unions considering the opportunity in education finance.

By | Feb. 17, 2011

Two experts offer guidance to students in search of higher education.

By Brianne Aiken | Feb. 17, 2011

Two experts offer guidance to students in search of higher education.

By Thomas Cullen | Jan. 25, 2011

New Jersey credit unions embrace the cooperative spirit to help students finance college.

By | Jan. 25, 2011

New Jersey credit unions embrace the cooperative spirit to help students finance college.

By Brianne Aiken | Jan. 21, 2011

Help members identify responsible ways to get financial aid and pay for the rising costs of higher education.

Feature
Paradigm Shift

By Rebecca Wessler | Jan. 10, 2011

What would your credit union do if it lost one-third of its lending portfolio? Creighton Federal Credit Union rolled with the punches.

By Jon Jeffreys | Dec. 23, 2010

Student lending presents a significant opportunity for credit unions, but long-term responsibility is key.

Feature
Mind The Gap

By Thomas Cullen | Dec. 13, 2010

Opportunity abounds for credit unions that know the market,the basics, and the potential risks of student lending.

By Thomas Cullen | Oct. 11, 2010

Grow Financial seizes all opportunities to interact with students and engage potential members.

By Aaron Pugh | Sept. 30, 2010

The economic downturn reinforced the value of higher education, but college costs are rising and loan-seeking students need friends in the financial sector.

By Thomas Cullen | Sept. 20, 2010

Use varied product offerings and multi-channel marketing to attract the attention of young adults.

By Rebecca Wessler | July 14, 2010

Leverage the opportunities in your scholastic market to connect with a younger membership.

By Sharon Simpson | July 12, 2010

School-specific branding helps one Midwestern credit union enhance its Gen Y outreach and attract a steady flow of younger members.

By Chris Tissue | April 1, 2010

This edition is brought to you straight from the corporate communities that use this holiday to have a little fun and show some personality. And from the letters C and U.

By CU Student Choice | March 29, 2010

After two years, 150 credit unions, and nearly $200 million in loans, CU Student Choice demonstrates its value as a partner in private student lending.

By Rebecca Wessler | Jan. 1, 2010

Products geared toward students help build financial loyalty and commitment.

By Alix Patterson | Dec. 29, 2009

Washington Post coverage of the decline in private student lending. How can we get the good news about credit unions into this story?

By Scott Patterson | Sept. 21, 2009

On Sept 17, the House passed a bill to eliminate the FFELP student loan program. Scott Patterson reviews the impact this change could have on members and credit unions, as well as reviewing the opportunity that still exists in private student lending.

By Scott Patterson | Aug. 5, 2009

North West Federal Credit Union offers a new perspective on student lending

By Scott Patterson | Aug. 5, 2009

Can you imagine doing 75% of your annual loan volume in just a 2-month period? That’s what 100 pioneering credit unions are gearing up to do in private student lending!

Feature
CU on Campus

By Mike Weber | Aug. 3, 2009

Why Credit Unions are Heading off to College this Fall.

By Teri Hoffman | Aug. 3, 2009

Each year, more students are waiting to apply for private student loans until August because they have to wait for the results of their Free Application for Federal Student Aid (FAFSA) to determine their need. Targeting this peak period in your lending strategy is incredibly important for increasing student loan volume.

By Scott Patterson | July 31, 2009

In the past seven years, over 75% of yearly loan volume has been approved between June and September. Each year, more students are waiting to apply for private student loans until August because they have to wait for the results of their Free Application for Federal Student Aid (FAFSA) to determine their need. Targeting this peak period in your lending strategy is incredibly important for increasing student loan volume.

Feature
Erie GE TV Spot

By Callahan & Associates | July 27, 2009

Watch Erie GE Federal Credit Union's newest TV spot

By Teri Hoffman | July 27, 2009

By Dane Coalson | July 6, 2009

Earlier in 2009, President Obama introduced his 2010 budget overview, which included plans to dramatically overhaul the current student loan financing system. To understand the impact of this proposed change on natural person credit unions involved in FFELP lending, Callahan's Dane Coalson interviewed Mike Long, EVP& CCO of University of Wisconsin CU (UWCU).

By Elliott Kashner | June 15, 2009

Young adulthood is marked with some life-changing transitions, resulting in financial and emotional stress for both parents and youth. Understanding these transitions will help credit unions more effectively serve their younger members.

By Callahan & Associates | April 1, 2009

With a design that withstands serious economic stress, credit unions saw posted near-record loan growth while other institutions are scaling back.

By Scott Patterson | March 16, 2009

Credit unions are earning a great return while saving their members thousands of dollars over the life of a loan.

By Dane Coalson | Feb. 9, 2009

What should credit unions know about us in the current economic environment?

By Callahan & Associates | Nov. 10, 2008

Credit unions exist to serve members’ financial needs – most often in the local communities they reside. Credit unions have a great history of developing SEG relationships within their communities.

By Scott Patterson | Nov. 3, 2008

Since last May, more than twenty credit unions from across the U.S., averaging more than $1B in assets each, have launched a new private student loan program to help their members with a critical financial need and to create a new long-term earning asset for the credit union.

By Scott Patterson | Nov. 3, 2008

“There are no scholarships for retirement.” That was one of the most thought-provoking pieces of advice I’ve read in the financial press in the past year. As parents become increasingly concerned about the price of higher education, they are forced to make difficult decisions about saving for their own retirement and saving for their children’s education.

By Hunter Moss | Oct. 20, 2008

With a networked business model, this CUSO leveraged the industry's strengths and quickly started a successful business.

By Marketing Partners | Sept. 8, 2008

Take a look at what should be included in your credit union marketing plan to attract and retain younger members.

By Mike Weber | Sept. 1, 2008

Members 1st FCU finds early success with recent launch of private student lending solution.

By Lisa Broadwater | July 28, 2008

Eastman CU offers full-cost student loans. It makes members for life, and delinquency rates have been low.

By Brooke C. Stoddard | July 1, 2008

Wright-Patt CU wanted to set up a student lending program and found it could team with the new Credit Union Student Choice network.

By Brooke C. Stoddard | July 1, 2008

Stanford FCU works with NelNet to operate a lending program for Stanford University undergraduate and graduate students.

By Callahan & Associates | July 1, 2008

The rising cost of education has made paying for college a challenge for millions of Americans.

By Mike Weber | June 16, 2008

Take the rapidly rising costs of college education, mix in a private student loan market that has grown 450% in the last seven years alone, add a mass exodus of traditional lenders because of restricted access to capital, and you've got a volatile recipe for turmoil in the student loan marketplace. 

By Jay Johnson | Dec. 10, 2007

As year-end approaches and budget and tax decisions are made by members, the need for guidance becomes particularly important as financial product offerings become more complex.

By Nick Connors | April 16, 2007

In a market dominated by a small number of larger firms, opportunities still exist for credit unions to bring in student loans.

By Mike Werstuik | Feb. 26, 2007

With 529 college savings plans being reported by the NCUA for the first time, where do credit unions stand and what is the market in which they are competing?

By Carly Spring | April 17, 2006

Lenders are making millions from student lending programs at the expense of the borrower. Credit unions need to step in and fulfill their mission of serving the member.

By Annie Sebastian | April 3, 2006

Rising education costs and lagging federal aid require students to turn to private loan programs to finance their education. These programs represent a great way for credit unions to grow their balance sheet and create lasting relationships.

By Annie Sebastian | Feb. 27, 2006

Learn about the two models that credit unions like Navy and Eastman are using to reach this special market.

By Annie Sebastian | Feb. 6, 2006

With projections of more than $10 billion in new student loans each year and 180 percent growth over the past 10 years, student lending is a market that no credit union should overlook.

By Tom Geggel | Dec. 19, 2005

Three reasons why initial fees and charges have become a smaller percentage of the principal amount.

By Sarah Apgar | Oct. 17, 2005

Enjoying a potential home team advantage, credit unions should consider becoming more active players in the college savings and lending game.

By Sarah Apgar | Sept. 26, 2005

Credit unions are uniquely positioned to help members plan and save for a college education.

By Molly Francis | Sept. 19, 2005

University-affiliated credit unions are delivering significant value to their members according to the Return Of the Member (ROM) score.

The popularity of home equity lending continues to grow. Credit unions can further stimulate this growth by offering expanded lending programs.

By Melanie El-Sabaawi | May 2, 2005

Many credit unions say the doors to higher education are closed. Credit unions with the determination to pry them open find both financial and strategic benefits.