Sparrow and Catholic and Community Credit Union join forces to fast-track Gen Z membership growth through innovative student loan solutions
Catholic and Community Credit Union partners with Sparrow to ignite Gen Z financial engagement
NEW YORK, NY (December 4, 2023) — Sparrow, a pioneering fintech serving the credit union movement, proudly announces a game-changing collaboration with Catholic and Community Credit Union, a dedicated financial institution committed to community service. This collaborative partnership represents a strategic milestone, signaling Catholic and Community Credit Union’s proactive leap into a future of accelerated Gen Z membership growth by harnessing the innovative solutions provided by Sparrow’s cutting-edge student loan marketplace.
At Catholic and Community Credit Union, we recognize the imperative of engaging with the next generation, and partnering with Sparrow is our dynamic response to this need. This collaboration positions us to propel membership growth among Gen Z by offering innovative student loan solutions. Sparrow’s platform is the catalyst that will not only attract but also retain the younger demographic, establishing us as a leading financial institution for the future.
Ken Bossung, President & Chief Executive Officer of Catholic and Community Credit Union
Revolutionizing Gen Z Engagement with Data-Driven Solutions
Catholic and Community Credit Union is strategically using Sparrow’s innovative platform to redefine its approach to Gen Z engagement. By adopting Sparrow’s white-labeled student loan marketplace, the credit union gains a unique advantage, accessing a diverse network of reputable lenders and offering a broad spectrum of loan options. This strategic move is aimed at not only meeting the financial needs of Gen Z members but also fostering a lasting relationship.
We are thrilled to partner with Catholic and Community Credit Union, an institution that shares our vision for a dynamic and engaged financial future. Together, we are set to revolutionize how credit unions attract and serve the Gen Z demographic. Sparrow’s platform provides the tools and expertise needed to accelerate membership growth, and we are excited to be at the forefront of this transformative journey.
Harrison Hochman, Chief Executive Officer at Sparrow
Strategic Features to Propel Membership Acceleration
In anticipation of this partnership, Catholic and Community Credit Union’s student loan marketplace will introduce advanced features and functionalities designed to accelerate Gen Z membership:
- Access to 250+ unique data attributes per non-member, enabling highly personalized financial solutions.
- A competitive average payout (of non-interest income) per funded student loan, adding an enticing dimension to membership benefits.
- Over 25 turnkey marketing resources strategically designed to streamline cross-selling and drive Gen Z member engagement.
About Sparrow
Sparrow was founded in 2020 by Hochman, Griffin Morris and Daniel Kahn. Since its founding, Sparrow has facilitated the search of over $300 million of private student loans with its credit union partners. Credit unions use Sparrow to offer their customers a white-labeled student loan marketplace. Founded by students for students, Sparrow’s mission is to make education accessible and affordable for all. Learn more at www.sparrowfi.com and follow us on LinkedIn.
About Catholic and Community Credit Union
Catholic and Community Credit Union is a $192M community financial institution in Shiloh, Illinois proudly serving 14,000+ loyal members. Learn more at www.catholicandcommunitycu.org. Deposits insured by the NCUA, an agency of the US government.
