JEFFERSON, Mo.–River Region Credit Union said it has selected Credit Union Student Choice to provide it with higher education financing solutions.
The $454-million RRCU will offer Student Choice’s flagship private education line of credit for undergraduate students, as well as a student loan refinance option.
“River Region Credit Union has been helping members navigate important financial decisions since 1954. Offering members a way to finance their higher education meets an important need in our community,” said Chad Kuester, VP-specialized lending for River Region. “We look forward to providing not only a private student loan solution, but also Student Choice’s educational resources that help families make responsible choices about paying for college.”
For college graduates, Credit Union Student Choice said River Region’s student loan refinance product will empower its members to take control of their existing student loan debt.
“One of our driving principles is to help members get to their next best moment,” Kuester added. “Attending college is an important milestone, but managing student loan repayment can be challenging for young adults. We want to position them for success as they move toward other major life events like buying a car or owning a home.”
Looking Forward
Added Scott Patterson, president and CEO of Credit Union Student Choice, “We are very excited to add River Region Credit Union as a partner. With more than 50 four-year, not-for-profit colleges in Missouri, and thousands across America, we look forward to helping River Region deliver fair-value college funding and repayment options to their members and communities.”
Student Choice said it enables 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 300 partner credit unions originate more than $4 billion in private education loans, assisting 120,000 families in the process.
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