SCOTTSDALE, Ariz., Jan. 27 /PRNewswire/ -- Cology, Inc., the technology and universal core processing experts, and UW Credit Union, serving the University of Wisconsin communities, are pleased to announce a new relationship through which Cology will provide a customized alternative student loan platform for UW Credit Union. The strategic relationship brings a complete loan origination solution to UW Credit Union utilizing Cology's core processing system Volta™.
"We're thrilled to add UW Credit Union to our growing list of premier credit union clients," said Paul Rehnberg, CEO of Cology. "We understand the unique attributes of credit union programs and the significance of identity, quality and member service in its success. Our veteran staff and flexible core processing system gives us the ability to enhance that experience by providing our clients with customized loan programs and unparalleled backend support."
UW Credit Union will utilize Cology's technology platform and core processing system to perform loan underwriting, origination and data management. Cology will also provide the UW Credit Union with the company's Service Bureau staff for all of its application, school certification and disbursement processing.
"UW Credit Union is committed to providing low cost college financing solutions to its members and their families," said Mike Long, Executive Vice President and Chief Credit Officer for UW Credit Union. "We are excited to have found a service partner that shares our dedication to an overall member experience."
Cology technology solutions make it simple for resource providers in any community to enter the private student lending market, where they can customize their loan and resource programs, as well as integrate seamlessly with existing school processes. Cology's core processing system, Volta supports traditional credit-based loans, college payment plans, peer-to-peer lending, as well as member-based programs for foundations, alumni associations, corporate sponsors and individual donors.
About UW Credit Union
UW Credit Union is a growing, federally insured financial institution and a leading provider of affordable home loans, education loans and consumer loans to University of Wisconsin communities. UW Credit Union's 345 employees serve the financial needs of more than 144,000 members through world-class technology systems, and through a convenient network of 16 branch locations and 83 ATMs. With assets totaling more than $1 billion, UW Credit Union is ranked nationally among the leading credit unions. Founded over 75 years ago by members of the University of Wisconsin community, UW Credit Union continues to operate as a not-for-profit, member-owned financial cooperative with locations in the Madison, Milwaukee, Stevens Point, Green Bay and Whitewater areas. Visit UW Credit Union at uwcu.org to learn more.
About Cology, Inc.
Cology provides technology and core processing solutions for lenders. Volta™, the company's universal core processing system, is the technology behind more than 100 of the nation's resource providers in the education finance market today. The platform's highly customized client branding features, expansive loan, tuition payment, donor and peer product suite and back office loan processing experts make entering the market fast, efficient and easy. For additional information on how to become a lending resource for students, visit: http://cology.com/Discover.aspx. For information about Cology, visit: http://www.cology.com.
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SOURCE Cology, Inc.