WASHINGTON (7/1/08)--Credit Union Student Choice, a credit union service organization that helps credit unions make private student loans, announced that it approved more than $6 million in private student loans for the upcoming school year. More than 250 credit union members are benefiting from the loans, said Jon Jeffreys, president of Credit Union Student Choice. “Unlike the vast majority of private loans, ours feature zero origination fees. The savings from that alone balances of $7 million is potentially more than $300,000,” he added. Credit unions involved with the system include:
* Affinity Plus FCU, St. Paul, Minn.; * Digital FCU, Marlborough, Mass.; * Eli Lilly FCU, Indianapolis; * Members 1st FCU, Mechanicsburg, Pa.; * NASA FCU, Bowie, Md.; * Northwest FCU, Herndon, Va.; * NuUnion CU, Lansing, Mich.; * San Antonio (Texas) FCU; * Star One CU, Sunnyvale, Calif.; and * Wright-Patt CU, Fairborn, Ohio.
Service partners with Credit Union Student Choice include: Callahan Credit Union Financial Services Limited Partnership CUSO, Callahan and Associates, PSCU Financial Services, Digital Dialogue, Credit Union Direct Lending, CU*Answers and L9.com.