UW Credit Union Announces Private Student Loan Program for Credit Unions

Jun 16, 2010, 14:37 ET from UW Credit Union

MADISON, Wis., June 16 /PRNewswire/ -- UW Credit Union announced today CU Campus Resources, a private student loan program for credit unions. CU Campus Resources is a Credit Union Service Organization (CUSO) dedicated to providing college financing resources and services to credit unions for their members, as well as the colleges and universities in their communities.

CU Campus Resources offers a complete suite of private education loan products and services that participating credit unions will make available to their members. The program offers standard, turn-key solutions that can be implemented with little cost or investment of time, to more highly tailored solutions that can be customized to a credit union's unique member attributes and college campuses they serve.

"Our program is designed to strengthen the relationship between credit unions, members and colleges in the community," said Mike Long, EVP/Chief Credit Officer at UW Credit Union and Chief Operations Officer of CU Campus Resources. "Having served the University community for over 75 years, we are uniquely positioned to assist other credit unions who want to succeed in providing their members with education loans."

CU Campus Resources partnered with industry-leading technology and loan origination company, Cology, Inc., to provide the core processing system and expert back-office support for the program.

"Cology's experience with credit union private student loan programs is unmatched. They have deep relationships with financial aid professionals and understand the application, underwriting and disbursement processes, which will help credit unions build strong relationships with the colleges that serve their members," said Long.

For more information on how your credit union can participate and take advantage of this private student loan program, contact Sherry Nelson, Director of Operations at snelson@cucampusresources.com or 877-369-6890, ext. 2565.

About UW Credit Union

UW Credit Union is a growing, federally insured financial institution and a leading provider of affordable home, education and consumer loans to University of Wisconsin communities. UW Credit Union's 348 employees serve the financial needs of more than 148,000 members through world-class technology systems, and through a convenient network of 17 branch locations and 83 ATMs. With assets totaling more than $1 billion, UW Credit Union is ranked nationally among the leading credit unions.

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 150 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: www.cology.com .

All registered or unregistered trademarks are the sole property of their respective owners.

Contact:

Mike Long, EVP and Chief Credit Officer

800.533.6773, ext. 2152

mlong@uwcu.org



SOURCE UW Credit Union