Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
SECU piles on another 25 million for student loans
RALEIGH, N.C. (10/15/09)--State Employees’ CU (SECU) invested $1.6 billion of members’ funds in North Carolina student loan bonds during the past year. The bonds helped the North Carolina State Education Assistance Authority (SEAA) and College Foundation, Inc. (CFI) make education loans available to North Carolina students and parents. The credit union has committed an additional $25 million pool of funds to help meet the greater demand for student loans for this school year. “We are grateful that SECU stepped up to help make money available, and we also appreciate its genuine interest in helping educate families about the best ways to pay for college,” said Steve Brooks, SEAA executive director. “Families need to understand the college financial aid process and how to find available federal and state scholarships, grants and low-cost federal loans before they consider other options. They also need a solid foundation in financial literacy to make good choices.” “SECU firmly believes that helping North Carolinians get an education is one of the best and most important investments we can make,” said Mike Lord, SECU senior vice president of finance and accounting. “Education opens up opportunities for individuals to increase their incomes and improve the quality of their lives. We support the College Foundation of North Carolina (CFNC) effort to help North Carolina families ‘plan, apply and pay for college.’” The two North Carolina private, nonprofit financial institutions and SEAA also are planning for SECU to help families with questions on completing the Free Application for Federal Student Aid (FAFSA). Students and parents must complete a FAFSA form to be considered for federal and state aid for college. SECU will help CFNC and the North Carolina Association of Financial Aid Administrators offer FAFSA Day at sites statewide in February. SECU, based in Raleigh, N.C., has $16.7 billion in assets.


RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
4 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
5 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
10 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
11 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
13 hours ago