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Fynanz signs 150th private student lending client
NEW YORK (9/21/11)--Fynanz, Inc., a financial technology company that develops customized private student lending solutions and powers the cuStudentLoans private student loan program, has raised its total client list to more than 150 partners. Fynanz is a CUNA Strategic Services provider. Maroon Financial FCU, with $29 million in assets, Chicago; ORNL FCU, with $1.3 billion assets, Knoxville, Tenn.; Caltech Employees FCU, with $1 billion in assets, La Canada Flintridge, Calif.; Corning (N.Y.) CU, with $900 million in assets; University First FCU, with $567 million in assets, Salt Lake City, Utah, and Pioneer FCU, with $302 million in assets, Mountain Home, Idaho, are the most recently signed credit union clients. “In just six months, Fynanz has increased its client base by 50% and total client assets by more than $10 billion,” said Jim Merrill Fynanz senior vice president of sales. “The speed of reaching this next milestone is a testament to our existing client base and credit unions nationwide understanding the need for a new asset class to drive member growth.” Fynanz technology puts lenders into the private student lending business without the need to purchase or install any software. The end-to-end solution includes complete origination, underwriting, servicing and marketing. Fynanz currently serves more than 150 credit unions nationwide.
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