The $730 million Indiana University Credit Union of Bloomington, Ind. is the latest to team up with Washington, D.C.-based student lending Credit Union Student Choice to offer a private student lending solution, the CUSO announced.

“In partnering with Student Choice, we can now provide an affordable solution to a growing need among our student members,” said David Sipes, vice president of marketing and business development for Indiana University CU. “This unique program, designed with the best interests of the borrower in mind, enables us to offer an outstanding and competitive product with significant value to our membership.”

Added Jim Holt, vice president of sales operations for Credit Union Student Choice, “As the debate around soaring college costs and rising student debt rages on, credit unions like Indiana State University CU are stepping up to offer a solution that delivers real value to students and families.”

This partnership brings Credit Union Student Choice's total number of credit union partners to 226. The CUSO, which launched in 2008 and allows credit unions to make school-certified private student loans that they hold on their own balance sheets, said it has helped its partners originate nearly $700 million in student loans to more than 35,000 borrowers.

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
NOT FOR REPRINT

© 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.

Lending