Posts Tagged ‘Fynanz’

Fynanz, Inc., where Brad Powers is an advisor, is a leading technology provider of private student lending networks and solutions. The company powers the private lending marketplace, www.cuStudentLoans.org, as part of its services to more than 70 credit unions nationwide.

Now, Fynanz has partnered with TopLine Federal Credit Union, Minnesota’s thirteenth largest credit union, which offers a complete line of financial services. Together, these two financial providers will offer the EdAccess loan, a new private student loan to help students and/or their parents to cover the costs of higher education. In light of the current economic climate, this new loan program can help to alleviate the challenges of college costs and enable more young people to achieve their goal of a university education.

In the ever-changing marketplace of student loans, Fynanz is constantly changing to stay ahead of the curve. To this end, they recently launched a website cuStudentLoans.org that features financial aid advice for students and their parents, along with a Q&A section, a Twitter feed and more.

They have brought Ken O’Connor on board as Director of Financial Literacy.  He will be showcasing Ken’s Korner on the new website, offering students extensive financial aid advice and resources.

As Vince Passione, CEO and Founder of Fynanz explained, “We’re pleased to be the first private student lending partner to offer a robust educational component to our website that provides valuable insight to both students and their parents. We envision this new content becoming a key component to many of our credit union client’s financial literacy programs. We are also very fortunate to have Ken O’Connor’s extensive experience and insight into the type of assistance students need to help them fund their future.”

Fynanz recently launched a new website providing students with valuable information on various college financing options.  It also has useful sites and articles providing regularly updated content.  It is hoped that this will give students easily accessible information on different types of funding, choosing the right college, financial aid, etc.  It will also be a great resource for students’ parents.  Brad Powers is an advisor to Fynanz.

Private Student Loans, like those offered by Fynanz, Inc., where Brad Powers is an Advisor, are an up-and-coming area of interest for many loan companies.  Private student loans are actually one of the fastest growing forms of consumer borrowing.  In the last ten years, this area has grown by more than 500% – and it shows huge potentials for future growth.

Certainly, this is a great place to attract the Gen Y population and it’s the perfect way to balance out other consumer loans that your company may have, such as mortgages, auto loans and credit cards.

Credit unions can build member loyalty early on by offering private student loans, and can work to keep that customer base as the clients get older and require other loan assistance.