It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with CU Student Choice to discuss all things credit union, fintech, and digital innovation.
CU Student Choice works with credit unions to provide prospective university students with student loans. Their goal is to simplify the college loan process for students. This simplification, they hope, will help students find good-value educational loans to finance their education. They also make it so that the borrower doesn’t have to reapply for loans each year.
For all of us who have taken out federal student loans at some point—that setup sounds like a breath of fresh air. Nobody likes filling out FAFSA forms year after year.
It sounds even better for those of us who took out private student loans. The interest rates on those often exceed any reasonable boundaries.
The current loan landscape is fraught with difficult decisions. CU Student Choice wants to help make those decisions easier. To that end, they look to partner not only with credit unions, but with other fintechs as well. For example, they work with Edmit to streamline the college search as well as the finance journey.
If this sounds like an intriguing credit union–fintech partnership, check out the video and CU Student Choice snapshot below!
Credit Union Fintech Snapshot: CU Student Choice
Top 3 Problems Solved
- Student loans
- Student loan refinancing
- Finance for students
CU Student Choice Founder: Scott Patterson
CU Student Choice Market Strategy: Credit unions and fintechs
Credit Union Fintech: CU Student Choice in the News
CU Student Choice provides student borrowers with new loan options
CU Student Choice partners with FutureFuel.io to assist with student loan repayment
Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.
Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.
