Friday, August 19, 2011
Credit Unions Challenge Big Banks for Private Student Loans
Big banks that offer private-label college loans are facing new competition from credit unions that are looking to issue their own private student loans.
Credit unions, in increasing numbers, are developing partnerships with private student loan companies like Sallie Mae and Credit Union Student Choice to deliver private student loan products to credit union members. In one such agreement, Southeast Corporate Federal Credit Union, which itself has more than 400