July 17, 2013 Madison, WI CU Campus Resources is pleased to announce a new partnership with CoVantage Credit Union. Located in Wisconsin and Michigan and serving 18 counties, CoVantage will begin to offer private student loans to its members. Private Student Loans are useful to college students and their families who have exhausted the funds from their federal student loan packages, but still need money to cover school expenses.
"CoVantage is committed to serving their members with products they need. Families with children in college have a need for education financing," said Mike Long, President of CU Campus Resources. "Were pleased they chose us as their partner to provide the technology and resources behind their new Private Student Loan product."
According to Paul Martin, VP Northern Region at CoVantage Credit Union, "Over the past 20 years, the total costs to attend college has increased by more than 400%. The typical financial aid package, including federal loans, is not enough to cover the skyrocketing costs of attending college. Members have fewer affordable options to cover the gap that exists between rising expenses and available funding. CoVantage Credit Union is proud to offer a private student loan product that will help fill that gap for our members."
CU Campus Resources uses industry-leading technology, provided by Cology, Inc., to provide the core processing system and expert back-office support for the program. CU Campus Resources offers a complete suite of private education loan products and services that participating credit unions can make available to their members. The program offers turn-key solutions that can be customized to a credit unions unique member attributes and college campuses they serve.
About CU Campus Resources
CU Campus Resources provides customized student loan and campus relationship advisory services to credit unions that have relationships with schools in their community or are community-based credit unions. Founded in 2010, the company provides a customizable platform for credit unions to meet the financing needs of their members for higher education. The clients of CU Campus Resources represent credit union assets of $20 billion, serve in total 1.3 million members and 20% of the outstanding credit union private loan balances. Learn more at
www.cucampusresources.com.
About CoVantage Credit Union
CoVantage Credit Union is a community chartered credit union that serves members throughout Brown, Clark, Florence, Forest, Langlade, Lincoln, Marathon, Menominee, Oconto, Oneida, Outagamie, Portage, Price, Shawano, Taylor, Waupaca and Wood in Wisconsin; as well as in Iron and Dickinson Counties in Michigan. The $1 billion financial cooperative is headquartered in Antigo (WI), and has offices in Antigo, Shawano, Wausau, Weston, Rib Mountain, Rothschild, Rhinelander, Crandon; and Iron River and Crystal Falls (MI).
