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Fynanz: Credit Unions Increasing Student Lending, Banks Pulling Back

Student lending program specialist adds 75 credit union partners in past year.

By Natasha Chilingerian | Updated on April 17, 2012

Credit unions are committed to helping students finance their education through private student loans while large banks are backing out of the student lending business, according to Fynanz, a CUNA Strategic Services alliance provider that serves credit unions with customized student lending programs and the cuStudentLoans private student loan marketplace.

New York City-based Fynanz gained about 75 credit union partners in the past year, bringing its total credit union partner number to more than 180. Meanwhile, lending giants U.S. Bank and JPMorgan Chase have eliminated and reduced their private student lending programs, respectively, Fynanz emphasized. Going forward, JPMorgan Chase will only make private student loans for existing customers, the bank giant has said.

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Natasha Chilingerian

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.

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