October 24, 2012 – Madison, WI – CU Campus Resources is pleased to announce a successful fall 2012 processing season. Student loan application submissions started in early summer and will continue into the fall, but the largest numbers took place July through September. During these three months alone, CU Campus Resources clients processed nearly 5,000 applications for private student loans for their members. This represents a 45% increase over 2011 volumes.
“Our clients are having a tremendous year,” said Mike Long, COO of CU Campus Resources. “We are honored to partner with these credit unions and provide them with the systems and support they need to be there for their members.”
Additionally, CU Campus Resources will be releasing a White Paper entitled “Demystifying Private Student Loans,” in cooperation with CU Student Choice on November 6, 2012, at the CUNA Lending Council Conference in Miami. The White Paper was written by Jim Jerving, a frequent contributor for CUNA Councils. “There are so many misconceptions in the market today about student lending,” said Long. “We wanted to provide some perspective by featuring the good work that credit unions are doing in this space. The real story is very compelling.”
CU Campus Resources uses industry-leading technology, provided by Cology, Inc., to provide the core processing system and expert back-office support for the program. CU Campus Resources offers a complete suite of private education loan products and services that participating credit unions can make available to their members. The program offers turn-key solutions that can be customized to a credit union’s unique member attributes and the college campuses they serve.
About CU Campus Resources
CU Campus Resources provides customized student loan and campus relationship advisory services to credit unions. Founded in 2010, the company provides a customizable platform for credit unions to meet the financing needs of their members for higher education. The clients of CU Campus Resources represent credit union assets of $20 billion, serve in total 1.3 million members and 20% of the outstanding credit union private loan balances. Learn more at www.cucampusresources.com.