INDIANAPOLIS, Ind. – Eli Lilly FCU yesterday announced it will offer its members private student loans through a newly formed CUSO, Credit Union Student Choice.
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The loan product features no origination fees, lower interest rates, in-school deferred payment, co-signer release and a graduated repayment option. The product is structured as a line of credit, which allows students to make multiple draws over the course of their entire college career after completing one application.
The $810 million credit union is one of the largest single-sponsor credit unions in the country and serves members of Eli Lilly Co., retirees, contract employees and family members.
