Southland Credit Union partners with Credit Union Student Choice to offer education finance solutions
LOS ALAMITOS, CA (August 16, 2019) — Los Alamitos-based Southland Credit Union has launched two options for college students: Southland Student Choice Loans and Southland Student Choice Refinance in partnership with Credit Union Student Choice, the leading provider of higher education financial solutions.
Southland initiated the partnership to serve Members who may have children in college or Members who are college students. The student options will also strengthen Southland Credit Union’s relationship with local colleges, including its partnership with California State University, Long Beach as the Official Credit Union of Long Beach State Athletics.
Students can now take out a private student loan with Southland Credit Union. The Southland Student Choice Loan line of credit comes with low interest rates, flexible repayment terms and a convenient line of credit structure that allows students to fund an entire undergraduate program with just one application.
For those who have already student loans, the Credit Union offers Southland Student Choice Refinance. By refinancing and consolidating private and federal student loans, students as well as parents, can set up one easy payment and potentially lower the rate.
By borrowing from a trusted, local lender like Southland, students get a fair value loan with the personal Member service that comes from the Credit Union.
We are thrilled to have the opportunity to provide our Members with an affordable solution to help pay for college,” said Thomas Lent, Southland Credit Union’s President & CEO. “Southland is committed to providing services for every life stage, and a comprehensive student lending program is an essential benefit to our membership.”
Serving Members at all stages of their life is of great importance to Southland Credit Union. The Credit Union launched Southland Jr. Savers in 2018 for kids 2 to 12 years old to start basic money knowledge at an early age. Southland also offers Teen Checking for teens 13 to 19 years old, Retirement Accounts, VISA Credit Cards and a variety of loan options, including Auto, Home, Personal and Home Equity Line of Credit.
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 280 partner credit unions originate more than $2.5 billion in loans to 85,000 borrowers.
“We look forward to providing education finance solutions to Southland’s membership,” said Jim Holt, Student Choice’s Chief Development Officer. “There remains a great need in America for not only college funding solutions, but also unbiased financial education. Southland Members will have access to a number of educational resources through the Student Choice partnership to guide them through the financial aid process, repayment and beyond.”
About Southland Credit Union
Southland Credit Union is a $1.1 billion credit union that serves more than 63,000 Members in Orange and Los Angeles Counties. Branch locations are in Los Alamitos, Carson, Downey, Long Beach, on the Long Beach State campus, the Los Angeles Federal Building, Santa Monica, and St. John’s Health Center.
Operating as a not-for-profit financial cooperative, Southland is dedicated to providing our Members with exceptional, comprehensive and innovative financial solutions, delivered with uniquely personal Southland service. For more information, visit SouthlandCU.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. To learn more, visit www.studentchoice.org or contact Mike Weber, Chief Marketing Officer, 563-599-1193, mweber@studentchoice.org
