LOS ANGELES–University Credit Union has selected Credit Union Student Choice to provide its members with solutions for both private student loans and student loan refinance.
The $750-million University CU has more than 41,000 members.
“The membership of University Credit Union is based in higher education – we serve employees, students, and alumni of numerous universities throughout California,” said David Tuyo, president and CEO of University Credit Union. “We’ve been providing education financing solutions to members for several years but are very excited to now partner with Student Choice. With this transition we’ll be able to expand our offerings and provide a more comprehensive suite of educational tools that will better serve our members.”
University CU will offer several student loan solutions to provide the greatest flexibility to students and families, including an undergraduate and graduate line of credit; undergraduate and graduate private education loan; and student loan refinance.
“By partnering with Student Choice, University CU will be tapping into deep expertise and experience, as well as robust educational resources and personalized borrower support that will help members make responsible financing decisions,” added Tuyo.
‘Ideally Suited to Help’
Added Scott Patterson, president and CEO of Student Choice, “The current pandemic has created many uncertainties surrounding college planning for families. With timely resources that help families make good decisions and innovative solutions that give borrowers great flexibility in securing needed funding, Student Choice and our partner credit unions are ideally suited to help members during both good times and challenging times like we face today.”
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 has helped nearly 300 partner credit unions originate more than $3.2 billion in private education loans to 100,000 members.