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CU Student Choice myCUmortgage form partnership
WASHINGTON (12/1/09)--Credit Union Student choice, which provides turnkey private student lending services to credit unions, has announced a strategic business partnership with myCUmortgage, a wholly owned credit union service organization (CUSO) of Wright-Patt CU that provides mortgage services to credit unions in the Midwest. “With more than $200 million in loan approvals in the last 19 months, Credit Union Student Choice has proved to be the ultimate solution for credit unions looking to offer private student loans,” said Tim Mislansky, senior vice president of Fairborn, Ohio-based Wright-Patt CU and president of myCUmortgage. He noted the collaborative model will allow its partner credit unions "to offer a dynamic product without the traditional overhead of starting and maintaining a new lending operation." Several key factors influenced the CUSO’s decision to partner with Student Choice. “We feel strongly that an important role of credit unions is to help people improve their lives. And one of the best ways to achieve a better life is by obtaining a college education,” said Mislansky. “Unfortunately, with the ever-increasing cost of college and continued distress in the student lending market, obtaining a college degree is harder than ever for many Americans. The Student Choice solution, however, provides a fair and ethical financing solution for borrowers while returning good loans to credit unions,” Mislansky said.


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