Fynanz Inc. has added six credit unions to its student lending platform, raising its total number of credit union partners to more than 150, the company announced.
Maroon Financial CU, a $30 million, Chicago-based CU serving the University of Chicago; ORNL FCU, a $1.3 billion CU based in Oak Ridge, Tenn.; Corning CU, a $900 million, Corning, N.Y.-based CU; Caltech Employees FCU, a $1 billion, La Canada, Calif.-based CU that serves the California Institute of Technology and its affiliate organizations; University First FCU, a $568 million, Salt Lake City-based CU serving the University of Utah; and Pioneer FCU, a $302 million CU in Mountain Home, Idaho, have joined the financial technology company's client list.
“In just six months Fynanz has increased its client base by 50% and total client assets by over $10 billion,” said Jim Merrill, senior vice president of sales for Fynanz in New York City. “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 powers the cuStudentLoans.org private student loan marketplace and provides tailored solutions to meet the product and credit requirements of each CU and its members.
“Fynanz' customized and loan participation programs, along with their developed member education programs, were factors in our choice of providers,” said Clay Kearley, ORNL FCU's vice president of consumer lending. “While the program primarily benefits our very important Gen Y members, this is an important program to serve all our members' ever increasing higher education financing needs.”
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
