CHERRY HILL, N.J. – TRM Corp., which recently launched a student loan processing operation, said yesterday it has signed processing deals with five credit unions that serve college students.
The credit unions that have signed agreements with the company’s Access to Money-SL, Inc., are: New York University FCU; North East Alliance FCU; Cooperative Center FCU; University CU Hartford Healthcare FCU. These credit unions were students at New York University, Yale University, University of California at Berkeley, Boston University, Boston College, Tufts, Berkeley School of Music, and University of Connecticut's School of Medicine and Dentistry.
TRM will provide a proprietary outsourced solution that will allow these credit unions to electronically accept loan applications, gather financial information, deliver loan documents and certify loans with university financial aid offices enabling them to deliver quick preliminary approvals of these student loan applications.
TRM began as a renter of copier machines, then changed into an independent operator of ATMs, before entering its new line of business.
