SUITLAND, Md. Andrews FCU has selected LendKey, known until recently as Fynanz, to provide it with a platform to offer private student loans and private student loan consolidations through its cuStudentLoans program.
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The program, which utilizes the LendKey platform to offer common underwriting and pricing across a network of 165 credit unions, includes loan participation to enhance risk mitigation, the company said.
“The cuStudentLoans program provides us the perfect opportunity to enter a new asset class and grow Gen-Y membership while still taking advantage of the risk mitigation benefits of an experienced lending network,” said Russ McAtee, chief operating officer for the $970-million credit union.
