Industry News

Notre Dame FCU Launches Private Student Loan Consolidation through CU Campus Resources

December 29, 2011

FOR IMMEDIATE RELEASE

Notre Dame FCU Launches Private Student Loan Consolidation through CU Campus Resources

December 22, 2011 – Madison, WI -€“ CU Campus Resources is pleased to announce the launch of a new Private Student Loan Consolidation program with Notre Dame Federal Credit Union. Through this new program, Notre Dame FCU will offer private student loan consolidation to its members. Members that are in or out of school can use the consolidation program to refinance student loans from other financial institutions and/or consolidate current loans through Notre Dame FCU in order to reset or extend their repayment term.

Rick Burden, SVP of Lending at Notre Dame FCU, says “€œMuch has been written on the increasing burden of student debt. Through loan consolidation, Notre Dame FCU members now have an option to combine multiple loans into one payment and in many cases, lower their interest rates on existing loans. This will be a nice addition to our current private student loan product offerings.”

CU Campus Resources was able to customize a program for Notre Dame FCU tailored to their members’€™ needs. This consolidation option will be a valuable resource for students that will help them manage their debt during school and after graduation.

“We’€™re excited to partner with Notre Dame FCU to launch a private student loan consolidation product,”€ added Mike Long, COO of CU Campus Resources. “Through product innovation, we’re now able to provide our clients with a highly-customizable solution to serve their members and help credit unions achieve their strategic objectives.”

About CU Campus Resources
CU Campus Resources provides customized student loan services and campus relationship advisory services to credit unions. CU Campus Resources is a Credit Union Service Organization (CUSO) wholly owned by UW Credit Union. UW Credit Union has been active in student lending for over 40 years and has well-established relationships with UW System Schools. Its current education loan portfolio stands at almost $360 million. Learn more at cucampusresources.com.

About Notre Dame Federal Credit Union
Notre Dame Federal Credit Union is an ever-growing, federally-insured financial institution, providing products and services to the University of Notre Dame family and to the people in the surrounding communities. Notre Dame FCU and its knowledgeable staff meet the financial needs of over 60,000 members, both locally and nationally, through technological innovations and nationwide branch and ATM networks. With assets totaling more than $435 million, NDFCU is the thirteenth largest credit union in the state of Indiana. Celebrating its 70th anniversary, Notre Dame FCU has remained a not-for-profit, member-owned financial cooperative since 1941. For more information, visit www.ndf

Contact:
Sherry Nelson, Director of Operations
877.369.6890, ext. 2565
snelson@cucampusresources.com