Another credit union has entered the private student loan market. Thrivent Federal Credit Union, one of the country's largest faith-based credit unions with more than $500 million in assets, announced recently it will begin offering members a suite of private student loan products.
Based in Appleton, Wis. and serving customers of Thrivent Financial, a 100-year-old member-owned financial services firm, Thrivent FCU will offer fixed- and variable-rate education loans, in addition to a flexible line of credit options. The student loan programs reflect a commitment to help families identify responsible college financing solutions, according to Thrivent FCU President/CEO Todd Sipe.
“We're excited to bring our student loan solutions to current and prospective members and their families,” Sipe said. ”These new programs reflect our mission to provide competitive solutions that promote responsible borrowing for life.”
Thrivent FCU loan programs are currently available to students attending more than 1,200 schools nationwide. The credit union utilizes loan origination provider Cology to ensure that application, certification and disbursement processes follow the school's preferred financial aid flow.
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