Fynanz Reaches 50th Credit Union Partner Milestone

Jun 09, 2010, 17:49 ET from Fynanz, Inc.

NEW YORK, June 9 /PRNewswire/ -- Fynanz, Inc., a leading financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace, today announced a key milestone with 50 credit unions partnering with their nationwide student lending network.  The two most recent partners are Princeton Federal Credit Union with the EdAccess turn-key private student loan program and Dort Federal Credit Union with a custom-built private student loan program.

Fynanz has more than doubled the number of credit union partners in just 90 days. This continued national expansion momentum further supports the many benefits the private student loan program provides to both credit unions and borrowers.

"Dort Federal Credit Union is excited about our relationship with Fynanz and we are looking forward to bringing a private student loan product to our market," said Jeremy Zager, Chief Financial officer of Dort, "Both the loan portfolio diversification and the growth potential associated with offering private student loans are in alignment with our strategic vision and credit union mission."  

Dort Federal Credit Union is based in Flint, Michigan and serves the residents and workforce of Genesee, Lapeer, Shiawassee, and northern Livingston Counties through their network of seven offices.  Princeton Federal Credit Union, originally chartered in 1972 by the faculty and staff of Princeton University, today serves members throughout New Jersey and also members from 60 employer groups nationwide.

"We're extremely pleased to have credit unions of all sizes recognize the unique value our program offers and this expansion will allow us to meet the education financing needs of even more students nationwide," said Vince Passione, CEO and Founder of Fynanz.

Fynanz was recently named the exclusive private student loan provider by CUNA Strategic Services, the association that works with credit unions nationwide, and secured extensive credit union league support from individual associations representing 28 states and the District of Columbia.

About Fynanz

Fynanz, Inc. is a leading technology provider of custom private student lending programs and turn-key solutions. Fynanz pioneered innovative technology that easily puts lenders into the private student lending business without the need to purchase or install any software. This end-to-end integrated solution includes complete origination, underwriting, servicing and marketing. Fynanz also powers cuStudentLoans.org, the leading private student lending marketplace, and currently serves 50 credit unions across the country. For more information, call 1-800-881-8985, or visit www.fynanz.com.

Media Contact

Alexi Venneri, Fynanz, Inc.



SOURCE Fynanz, Inc.