Service Credit Union partners with Credit Union Student Choice to offer suite of private student lending solutions
WASHINGTON, DC (March 4, 2020) — Credit Union Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced that it has partnered with Service Credit Union ($3.8 billion; 293,800 members; Portsmouth, NH) to offer its members innovative lending solutions for both private student loans and student loan refinance.
“Service Credit Union has been a trusted partner to our members since 1957, and over time our members’ financial needs have grown and changed,” said Wendy Beswick, VP-Marketing at Service Credit Union. “The rising cost of higher education has put a significant strain on many young adults and families, and we’re pleased to bring forth holistic solutions that will help members responsibly fill college funding gaps and take control of their student loans after graduation.”
According to Beswick, providing a solution that integrates education and hands-on member support was a key deciding factor in selecting Student Choice.
“Navigating how to pay for college and repaying student loans can be a stressful and confusing undertaking for students and families,” added Beswick. “By partnering with Student Choice, Service CU will be able to call upon more than a decade of experience in student lending for credit unions, as well as educational resources and personalized service to help our members make wise financial decisions.”
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 286 partner credit unions originate more than $3.1 billion in private education loans to nearly 100,000 members.
“Credit unions are in a unique position to give borrowers a personal, trusted connection they won’t find elsewhere,” said Scott Patterson, President and CEO of Student Choice. “Service CU offers its members financial solutions for every stage of life, and we’re excited to help them extend that lifelong member development with these unique college funding solutions.”
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 Service Credit Union
As a dynamic, member-owned, not-for-profit financial cooperative, Service Credit Union is dedicated to offering quality financial services and products. In 1957, the credit union was established to provide affordable credit to the Pease Air Force Base community. Now the largest credit union in New Hampshire, with over $3.8 billion in assets and 50 branch locations in New Hampshire, Massachusetts, North Dakota and Germany, they continue to serve their communities and provide a better future for members.