Credit Union Student Choice welcomes two new credit union partners
WASHINGTON, DC (May 3, 2022) — Credit Union Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced that it has partnered with SouthPoint Financial Credit Union ($508,640,586; 28,776 members; Sleepy Eye, MN) and Members Trust of the Southwest ($191,141,535; 7,922 members; Houston, TX) to offer members education lending solutions for both undergraduate student loans and student loan refinance.
“SouthPoint has been serving local members since 1936, and we have continued to expand our services to meet members’ changing financial needs throughout the years,” said Jay Gostonczik, President and CEO of SouthPoint Financial Credit Union. “The costs of attending college continue to climb, and once families have utilized scholarships, grants, and federal student loans, they often need private funding to fill the gaps. SouthPoint will now be able to provide peace of mind with Student Choice education solutions.”
Jeff Forsgren, Members Trust Chief Lending Officer noted, “By offering both in-school and education refinance programs, we can connect members with solutions for every stage of their adult lives. With Student Choice as a partner, Members Trust can provide college planning resources for high school students; an innovative line of credit to pay for college; and student loan refinance for graduates.”
“We are excited to welcome aboard these two credit union partners who have been deeply rooted in their respective communities for nearly a century,” said Scott Patterson, President and CEO of Student Choice. “Student Choice looks forward to providing private student lending solutions and personalized service to their members for years to come.”
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 300 partner credit unions originate $3.2 billion in private education loans to more than 100,000 families.
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. To learn more, visit www.studentchoice.org.
About SouthPoint Financial Credit Union
SouthPoint Financial Credit Union is a not-for-profit financial cooperative that distributes profits among members in the form of lower loan rates, fewer and lower fees and higher savings rates. Membership is open to all residents and businesses in a 23-county area of southern Minnesota. For additional information visit southpointfinancial.com or call 877-794-6712.
About Members Trust of the Southwest Credit Union
Members Trust of the Southwest Credit Union is a not-for-profit financial cooperative designed to help our member-owners achieve their financial goals. Originally charted in 1936 to serve dairy farmers, today we provide affordable financial products and services combined with the latest technology to over 7,900 members in the Houston and Stephenville Texas areas. Members Trust is dedicated to the philosophy of “members helping members” and we invite you to Experience the Credit Union Difference! For more information, visit www.MTFCU.coop.
This email may contain confidential and privileged material for the sole use of the intended recipient. Any review or distribution by others is strictly prohibited. If you are not the intended recipient, please contact the sender and delete all copies.