When Robert Bruemmer, EVP for the $2.7 billion Landmark Credit Union based in New Berlin, Wis., heard that his cooperative was ranked the top five nationally in terms of student loan growth, he was less surprised than he was chagrinned.
"We started offering private student loans for the first time in 2012," he said. "That's a rather large increase, but when you're starting from zero, that's easy to do."
According to data analyzed by Callahan & Associates for CU Times, private student loan growth was measured for the top 10 credit unions with more than $20 million in assets for the 12-month period ending June 30, 2014. Landmark ranked fourth with a 188.98% growth for the period.
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