Listen On:
Key Takeaways:
- [03:05] Credit unions in the program benefit from serving younger members and they are able to mitigate risks while LendKey handles everything from credit applications, to origination, to servicing.
- [04:05] There are great opportunities for credit unions to deepen relationships with members after this first student loan product that is offered that includes mortgages, savings accounts, credit cards, and other products and services that the credit union is offering.
- [16:51] When credit unions are entering student lending and loan refinancing it is a unique opportunity for these members to learn how to build credit and keep it top of mind.
- [17:37] When that member is in front of you, it gives you the opportunity to not just assist them with that student loan but to make sure you are keeping them in your life cycle and that is the ultimate goal.