SANTA CLARA, Calif.–KeyPoint Credit Union said it has selected Credit Union Student Choiceto provide its members with a student loan refinance solution.
“KeyPoint serves Silicon Valley and a number of leading technology employers,” said David Luu, chief lending officer at KeyPoint. “Many of our Members have some amount of student loan debt. By partnering with Student Choice, KeyPoint will be able to offer Members an affordable way to refinance and simplify their student loan repayment.”
Luu added that Member education tools and access to one-on-one consultation with a Student Loan Repayment Counselor were important factors in selecting Student Choice as a partner.
Student Choice said it credit unions of all sizes to make private education loans that are held on their own balance sheet. Since launching in 2008, the CUSO reported it has helped nearly 290 partner credit unions originate more than $3.1 billion in private education loans to 90,000 borrowers.
“Student loan debt can greatly impact young adults as they enter the workforce,” said Scott Patterson, Student Choice’s President and CEO. “We are excited to partner with KeyPoint in introducing a critically important student loan refinance solution that will help their Members potentially save money and consolidate their student loans into one easy payment, all from a local credit union they can trust.”
The $1.3 billion KeyPoint Credit Union has 61,583 members.