Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
First Carolina Corp. offers Sallie Mae loans
GREENSBORO, N.C. (3/2/11)--First Carolina Corporate CU has partnered with Sallie Mae to offer a student loan program for credit unions. The Smart Option Student Loan Program is designed to supplement a student's federal student loans and other financial aid to help students cover up to 100% of the education expense. In the program, students save money by paying interest while in school. Borrowers choose between a fixed $25 monthly interest payment and the full monthly interest payment. A typical freshman can save 20% to 30% on finance charges over the life of the loan and pay a loan off five to eight years faster than with a standard 15-year interest-deferred private loan, said the corporate. Credit unions participating can earn a 1% referral fee on funded loans originated from the credit unions' website link, face no credit risk since Sallie Mae assumes the risk, and use the program to attract younger members, the corporate said.


RSS





print
News Now LiveWire
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
10 minutes ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
3 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
3 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
3 hours ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
4 hours ago