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Bethpage Federal Credit Union partners with Credit Union Student Choice to offer student loan refinance solution
Credit Union Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced that it has partnered with Bethpage Federal Credit Union ($9 billion; 400,000 members; Bethpage, NY) to enable the credit union to offer a holistic student loan refinance solution.
“Millions of young adults and families are faced with the significant financial challenge of student loan debt,” said Marjorie Tart, Assistant Vice President. “We’re excited to offer a refinance solution that will help our members more efficiently pay down student debt, which will save them money to invest into their futures.”
According to John Witterschein, VP Consumer Credit, Student Choice’s commitment to personalized member support was a deciding factor for the credit union. Witterschein added, “Our mission is to continuously meet the needs of our members and by providing a better solution to help students and their families pay for college, Student Choice is helping us keep that promise.”
“Student Choice’s ability to provide educational tools and expert personal support to help members make smart decisions about refinancing is critically important,” said Tart. “In addition, the one-on-one assistance made available during the application and documentation process will be extremely helpful to our members.”
Student Choice enables credit unions of all sizes to make private education loans that are held on their own balance sheet. Since launching in 2008, the CUSO has helped nearly 285 partner credit unions originate more than $3 billion in loans to 85,000 students and families.
“Repaying student loan debt continues to be a source of stress for college graduates and their families,” said Jim Holt, Student Choice’s Chief Development Officer. “By offering student loan refinance to current and future members, Bethpage is demonstrating a commitment to helping them build long-term financial security.”