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Overview
Want to become the primary financial institution for more of your young members? Take it one degree at a time -- college degree, that is. The under 30 market represents enormous potential for credit unions. Student loans are a great marketing tool to attract the youth market, build strong relationships and gain a competitive edge that will attract future saving, lending, and transaction business.
Join CUNA Mutual Group's Credit Union Student Loan Network and make offering federal student loans easy. Your credit union funds the loans and earns interest, and we provide all your back-office support - not to mention peace of mind - that assures your program is in compliance with federal regulations.
Advantages for your credit union:
- Position your credit union as the primary financial institution for college students.
- Build your current and long-term lending base by reaching out to the youth market, a record 16 million students by academic year 2006-2007.
- Ride the tidal wave of student loan borrowing expected to reach over $64 billion in new annual loan volume in 2009.
- Offer low-risk loans that are 97% guaranteed by the government, reprice quarterly and have an 8- to 10-year repayment cycle.
Advantages for your members:
- Obtain student loans with a lender they know and trust.
- Consolidate loans when in repayment.
- Discover the full breadth of your products and services designed to help student members now and in the future.
Take the next step:
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