USAlliance FCU, an $800 million credit union based in Rye, N.Y., will now offer members a private student lending program thanks to a new partnership with the Washington, D.C.-based student lending CUSO Credit Union Student Choice, the CUSO announced.
"This solution provides new and existing members with an easy and convenient process for obtaining a private student loan, as well as much-needed information to help them make good financial decisions about college financing."said Doreen Salvati, vice president of member services and consumer lending for USAlliance FCU.
With the addition of USAlliance FCU, Credit Union Student Choice now has 225 credit union clients serving nearly 15 million members. Founded in 2008, the CUSO allows partner credit unions to make school-certified private student loans that are held on their own balance sheets.
"As not-for-profit cooperatives, credit unions are uniquely positioned to not only offer a good loan, but a holistic solution that truly helps members understand their finances and how to manage low- or no-cost college funding options," said Jim Holt, vice president of sales operations for Credit Union Student Choice.
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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.
