Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Members United partners with Sallie Mae
WARRENVILLE, Ill. (7/1/10)--Members United Corporate FCU, Warrenville, Ill., has partnered with Sallie Mae to provide the Smart Option Student Loan program to its member credit unions. The Smart Option Student Loan is a private student loan program offered through Sallie Mae. More than 30 credit unions have signed on to the product, with others evaluating it, Members United said. With the loan, students pay interest while in school, graduate with less debt, and pay off their loans faster than in longer-term private loan alternatives that have no payments until after graduation. Private student loans help students and families cover the full cost of attendance after they have maximized scholarships, grants and federal assistance, the corporate added. Sallie Mae underwrites, funds and services all Smart Option loans. Participating credit unions serve as the referral point through a link on their website. Sallie Mae provides support and marketing materials, including e-mail campaigns, printed pieces, online advertisements and co-branded loan applications.


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
11 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
12 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
13 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
14 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
15 hours ago