Metro Credit Union partners with Student Choice to make higher education more attainable for members
Credit Union Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced that it has partnered with Metro Credit Union , the largest state-chartered credit union in Massachusetts. Metro will offer Student Choice’s flagship private education line of credit for undergraduate and graduate students, as well as a student loan refinance option.
“Whether we’re sharing tips on how to budget and save, providing educational resources to first-time homebuyers, advising on retirement savings, or in this case, making college financing a reality, guiding our members toward better financial decisions is the cornerstone of our mission said Robert Cashman, President and CEO. “We understand the deep value of higher education and aim to make it more attainable for our members. The Student Choice education line of credit will allow our student members and their families to secure flexible, affordable financing for college, providing access to even more educational resources that will help them better understand the college funding process.”
For those exiting college and entering the next stages of life, Metro’s student loan refinance product will empower its members to take control of their existing student loan debt.
“After graduation, managing student loan repayment can be a challenge for many young adults,” Cashman added. “By offering a student loan refinance solution, we can help position our members for a more successful financial future by consolidating student loan payments and possibly saving money over the life of their loan.”
“Metro Credit Union has a long history of providing guidance to its members for every important stage of life,” said Scott Patterson, President and CEO of Student Choice. “By offering both in-school and refinance lending solutions, they will be able to help members manage the cost of higher education before, during, and after college, which is easily one of the most important investments credit union members will make.”
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 more than $4 billion in private education loans, assisting 120,000 families in the process.
About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts, with $2.4 billion in assets. Metro provides a full range of financial products to close to 200,000 members in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable, Bristol and Worcester counties in Massachusetts, and Rockingham and Hillsborough counties in New Hampshire, as well as to employees of over 1,200 companies through its Metro@work program.
Founded in 1926, Metro currently operates 14 branch offices in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, Tewksbury, and coming soon to West Roxbury and Reading. Metro is also a Juntos Avanzamos ("Together We Advance") designated credit union, an honor given to financial institutions for their commitment to serving and empowering Hispanic and immigrant consumers. Metro was recently named among the most charitable companies in Massachusetts by the Boston Business Journal. Learn more at MetroCU.org and connect with us on LinkedIn.
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.