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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.
March 20, 2017
What are the key factors that credit unions must consider when implementing a private student lending program or managing an existing one?
March 6, 2017
Student loan growth is on the rise and delinquency is falling at this California credit union.
Five can't-miss data points featured this week on CreditUnions.com.
The hottest employee benefit of 2017 could be a new opportunity for credit unions.
Jan. 30, 2017
What recent college grads told us about student debt, what they needed at age 18, and how they chose their bank or credit union.
Nov. 14, 2016
More from Empower U 2016.
Oct. 4, 2016
Student lending predatory practices at big banks highlight the credit union difference.
Sept. 29, 2016
Takeaways from Empower U 2016, as well as how one credit union lowered its average member age.
A college loan can be, and often is, the foundation of a long-lasting relationship between a member and a credit union.
Sept. 26, 2016
The benefits are endless!
Credit unions step up to empower members with responsible student lending options.
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?
Low rate environment and soaring student debt lead to growing refinance boom in student lending.
July 25, 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.
March 7, 2016
Credit union involvement seen as limited but experts say keep an eye on the bouncing ball nonetheless.
Nov. 5, 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.
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.
Scott Patterson, Credit Union Student Choice CEO, shares best practices for connecting with the desirable young adult market.
June 25, 2015
A break down of the industry’s financial performance and impact in 4Q 2014.
April 7, 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?
March 16, 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.
Feb. 9, 2015
A break down of the industry’s financial performance and impact in 3Q 2014.
Jan. 22, 2015
What the CFPB got right, and wrong, in its 2014 Student Loan Ombudsman's Annual Report.
Oct. 22, 2014
Three key takeaways credit unions must understand for successful portfolio management.
Oct. 20, 2014
Understanding and retaining control of your student lending program is critical to its success.
The company’s tuition assistance program offers ideas for credit unions that want to do something similar.
June 18, 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.
April 28, 2014
The time has come to help young adults saddled with onerous private student loan debt.
March 3, 2014
Oct. 21, 2013
April 1, 2013
National data provides a reality check regarding the perceived direness of the student loan environment.
March 18, 2013
March 14, 2013
A recent report reveals important gaps between federal and private student loan growth and performance.
Feb. 11, 2013
Cut through the politics to get a real perspective on student lending.
Oct. 16, 2012
Gen Y is eager for student loan consolidation opportunities and credit unions can offer them.
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.
Oct. 1, 2012
Credit unions should look beyond the headlines to fully understand the current environment.
Aug. 29, 2012
Credit unions that aren’t active in student lending can assist students in other ways.
Aug. 20, 2012
One Harvard student made an “emotional decision” to eliminate his student loan debt no matter what he had to forfeit.
May 23, 2012
SIU Credit Union and A+ Federal Credit Union are among the credit unions teaching children to save at an early age.
April 23, 2012
GUASFCU focuses on products and services for students through the cyclical changes of the school year.
April 18, 2012
GUASFCU offers repeat loan promotions that target repeat applicants.
April 13, 2012
April 10, 2012
GUASFCU’s marketing efforts provide an example for credit unions looking to connect with college-age members.
April 7, 2012
Gen Y’s product demands now include first mortgages and auto loans, whereas Baby Boomers are turning toward retirement products.
April 5, 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.
April 2, 2012
Diversified student loans offerings help one credit union meet a wider segment of member needs.
Georgetown University students shadow their predecessors closely before becoming executives of GUAFSCU, a student-run credit union.
March 27, 2012
Georgetown University’s credit union ensures it meets student needs, including by accommodating students’ hectic schedules.
March 22, 2012
Georgetown University’s student-run credit union is cognizant of the duration of its investments and has developed strong cash positions.
March 12, 2012
Georgetown University's student-run credit union offers its undergraduate executives experiences that propel them into the financial world.
March 1, 2012
Georgetown University’s student-run credit union nails down long-term financial relationships among its shifting membership base.
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.
The State of the Union address hints to the future of higher education and student lending.
Jan. 30, 2012
Georgetown University’s student-run credit union offers lessons in innovation and leadership transitions.
Jan. 23, 2012
Successfully serving your members involves solving the changing problems that they face through life, not merely an aggressive cross-selling promotion.
Jan. 18, 2012
Student loans continue to be a real need for many members, and credit unions can help in several ways.
Dec. 12, 2011
The need for borrower education, lender responsibility, and school transparency is at the heart of the student lending debate.
Nov. 21, 2011
Student loans are filling a community need while boosting credit unions' bottom lines.
Oct. 31, 2011
Credit unions can use back-to-school time to help the community and spread the financial literacy wealth to youth.
Aug. 15, 2011
A 5-year perspective on how credit union lending has changed.
July 1, 2011
In the past three years a growing number of credit unions have emerged in the private student lending market.
May 30, 2011
The concept of reading, ’riting, and ’rithmetic is a valuable tool for credit unions considering the opportunity in education finance.
April 11, 2011
Two experts offer guidance to students in search of higher education.
Feb. 17, 2011
New Jersey credit unions embrace the cooperative spirit to help students finance college.
Jan. 25, 2011
Help members identify responsible ways to get financial aid and pay for the rising costs of higher education.
Jan. 21, 2011
What would your credit union do if it lost one-third of its lending portfolio? Creighton Federal Credit Union rolled with the punches.
Jan. 10, 2011
Student lending presents a significant opportunity for credit unions, but long-term responsibility is key.
Dec. 23, 2010
Opportunity abounds for credit unions that know the market,the basics, and the potential risks of student lending.
Dec. 13, 2010
Grow Financial seizes all opportunities to interact with students and engage potential members.
Oct. 11, 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.
Sept. 30, 2010
Use varied product offerings and multi-channel marketing to attract the attention of young adults.
Sept. 20, 2010
Leverage the opportunities in your scholastic market to connect with a younger membership.
July 14, 2010
School-specific branding helps one Midwestern credit union enhance its Gen Y outreach and attract a steady flow of younger members.
July 12, 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.
April 1, 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.
March 29, 2010
Products geared toward students help build financial loyalty and commitment.
Jan. 1, 2010
Washington Post coverage of the decline in private student lending. How can we get the good news about credit unions into this story?
Dec. 29, 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.
Sept. 21, 2009
North West Federal Credit Union offers a new perspective on student lending
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!
Why Credit Unions are Heading off to College this Fall.
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.
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.
July 31, 2009
Watch Erie GE Federal Credit Union's newest TV spot
July 27, 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).
July 6, 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.
June 15, 2009
With a design that withstands serious economic stress, credit unions saw posted near-record loan growth while other institutions are scaling back.
April 1, 2009
Credit unions are earning a great return while saving their members thousands of dollars over the life of a loan.
March 16, 2009
What should credit unions know about us in the current economic environment?
Feb. 9, 2009
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.
Nov. 10, 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.
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.
With a networked business model, this CUSO leveraged the industry's strengths and quickly started a successful business.
Oct. 20, 2008
Take a look at what should be included in your credit union marketing plan to attract and retain younger members.
Sept. 8, 2008
Members 1st FCU finds early success with recent launch of private student lending solution.
Sept. 1, 2008
Eastman CU offers full-cost student loans. It makes members for life, and delinquency rates have been low.
July 28, 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.
July 1, 2008
Stanford FCU works with NelNet to operate a lending program for Stanford University undergraduate and graduate students.
The rising cost of education has made paying for college a challenge for millions of Americans.
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.
June 16, 2008
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.
Dec. 10, 2007
In a market dominated by a small number of larger firms, opportunities still exist for credit unions to bring in student loans.
April 16, 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?
Feb. 26, 2007
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.
April 17, 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.
April 3, 2006
Learn about the two models that credit unions like Navy and Eastman are using to reach this special market.
Feb. 27, 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.
Feb. 6, 2006
Three reasons why initial fees and charges have become a smaller percentage of the principal amount.
Dec. 19, 2005
Enjoying a potential home team advantage, credit unions should consider becoming more active players in the college savings and lending game.
Oct. 17, 2005
Credit unions are uniquely positioned to help members plan and save for a college education.
Sept. 26, 2005
University-affiliated credit unions are delivering significant value to their members according to the Return Of the Member (ROM) score.
Sept. 19, 2005
The popularity of home equity lending continues to grow. Credit unions can further stimulate this growth by offering expanded lending programs.
Aug. 22, 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.
May 2, 2005
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