NEW YORK (4/30/13)--LendKey (formerly Fynanz), a New York-based cloud-based lending technology company, has added U.S. Senate FCU and Andrews FCU to its list of lending partners.
LendKey is a CUNA Strategic Service provider.
The credit unions will use the LendKey custom platform to power their private student loan and private student loan consolidation programs.
Alexandria, Va.-based U.S. Senate FCU, with $575 million in assets, serves more than 30,000 members who are employees of the U.S. Senate and U.S. Supreme Court, among other government entities and private companies and organizations.
"We wanted a lending solution that was built to fit the individual needs of our membership base in time for the upcoming academic year," said Susan Enis, U.S. Senate FCU president/CEO. "LendKey, with its ability to offer a three-week implementation period, was an easy choice for our credit union."
Suitland, Md.-based Andrews FCU, with $970 million in assets, serves more than 100,000 members at military bases and installations around the world, and more than 200 additional employer groups throughout Maryland and New Jersey.
"The cuStudentLoans program provides us the perfect opportunity to enter a new asset class and grow Gen-Y membership while still taking advantage of the risk mitigation benefits of an experienced lending network," said Russ McAtee, Andrews FCU chief operating officer.