Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
First Carolina Corp. offers Sallie Mae loans
GREENSBORO, N.C. (3/2/11)--First Carolina Corporate CU has partnered with Sallie Mae to offer a student loan program for credit unions. The Smart Option Student Loan Program is designed to supplement a student's federal student loans and other financial aid to help students cover up to 100% of the education expense. In the program, students save money by paying interest while in school. Borrowers choose between a fixed $25 monthly interest payment and the full monthly interest payment. A typical freshman can save 20% to 30% on finance charges over the life of the loan and pay a loan off five to eight years faster than with a standard 15-year interest-deferred private loan, said the corporate. Credit unions participating can earn a 1% referral fee on funded loans originated from the credit unions' website link, face no credit risk since Sallie Mae assumes the risk, and use the program to attract younger members, the corporate said.


RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
12 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
13 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
13 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
13 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
13 hours ago