Student Lending CUSO welcomes Brad Bowland in newly created role of VP of Portfolio Analytics
WASHINGTON, DC (June 9, 2014) -- In order to help credit unions more effectively manage their growing student loan portfolios and return maximum value to both borrowers and the cooperative, Credit Union Student Choice has hired data analytics and risk expert Brad Bowland in the newly created position of Vice President of Portfolio Analytics.
In his new role, Bowland will help educate credit unions on the distinctive nature of private student loan (PSL) portfolios, equip them with effective analytic tools, and advise on best-practice portfolio management strategies.
“Brad’s proven success and broad experience in PSL portfolio management make him a tremendous addition to the Student Choice team,” said Scott Patterson, President of Credit Union Student Choice. “We’ve always had a strong focus on portfolio management and Brad will enhance our capabilities even further. He brings new resources and expertise to clients that will translate to even stronger performing loan portfolios, allowing credit unions to help more members with this life-empowering form of lending.”
Prior to joining Student Choice, Bowland spent 12 years at Wells Fargo Bank, most recently serving as Senior Vice President of Portfolio Risk Management where he helped to manage and improve the bank’s student-lending portfolio. A seasoned risk analyst and advisor, Bowland has earned a reputation for integrating sound risk-management principles to achieve business growth and profitability goals.
“Bringing Brad onboard is a very exciting addition to Student Choice, and our partner credit unions will benefit from his background and expertise,” said Brian Ducharme, President/CEO of MIT Federal Credit Union and Chairman of the Student Choice Board of Directors. “We know there is tremendous opportunity in the student lending marketplace for responsible, innovative lenders. Brad’s skill in identifying and evaluating student loan portfolio risk, as well as recommending optimal risk-management strategies, will enrich the value we offer to our credit union partners and help us broaden our ability to offer solutions to those facing higher education financing challenges.”
Over the last six years, Student Choice has worked with 240 credit unions and approximately 50,000 borrowers to originate more than $1.4 billion in loans. The CUSO has enabled credit unions to deepen relationships with members by meeting their funding needs at a critical point in their financial lives, while strengthening their role as future credit union members.
“Credit unions are playing an increasingly important role in education finance and I’m thrilled to begin working with credit unions,” said Bowland. “Student Choice focuses on helping credit unions meet a critical financial need for students and families. That’s how I see my role, too – helping credit unions to understand the life cycle of student loans, identify opportunities, and maximize portfolio performance in terms of earnings, risks, and value to the member.”
To learn more, visit www.studentchoice.org
About Credit Union Student Choice
Credit Union Student Choice is a credit union service organization (CUSO) that positions credit unions as leaders in education finance by offering a comprehensive solution that helps them deliver fair-value private education loans and corresponding financial education to students and families. For more information, visitwww.studentchoice.org.