Royal Credit Union Partners with CU Campus ResourcesMay 11, 2011
Madison, WI – CU Campus Resources is pleased to announce a new partnership with RCU, Royal Credit Union. Through this partnership, RCU will offer private student loans to its members. Private Student Loans are useful to college students and their families who have exhausted the funds from their federal student loan packages, but still need money to cover school expenses.
“RCU has a long tradition of bringing innovative financial solutions to their members,” said Mike Long, EVP and Chief Operations Officer at CU Campus Resources. “We’re pleased to be partnering with them to provide the technology and resources behind their new Private Student Loan product.”
“Student loans are a good investment for RCU, and a good investment in the future of our Members,” said Brandon Riechers, Vice President of Consumer Lending and Collections at RCU. “We are pleased to partner with CU Campus Resources to provide this service.”
CU Campus Resources uses industry-leading technology, provided by Cology, Inc., to provide the core processing system and expert back-office support for the program. CU Campus Resources offers a complete suite of private education loan products and services that participating credit unions can make available to their members. The program offers turn-key solutions that can be customized to a credit union’s unique member attributes and college campuses they serve.
About CU Campus Resources
CU Campus Resources provides customized student loan services and campus relationship advisory 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 $400 million.
About Royal Credit Union
RCU, Royal Credit Union, is a federally insured credit union serving over 140,000 Members with 25 full service offices in Amery, Balsam Lake, Centuria, Chippewa Falls, Colby, Eau Claire, Menomonie, Milltown, New Richmond, Osceola, Rice Lake, River Falls, St. Croix Falls, Somerset, Star Prairie, and Whitehall in Wisconsin and 3 full service offices in Edina, Coon Rapids, and St. Paul in Minnesota. You can open an account or apply for a low-cost loan at RCU if you live or work in 18 counties in Western Wisconsin, 12 counties in the Twin Cities Metro in Minnesota, or are a Realtor in Wisconsin or Minnesota. Visit www.rcu.org or call RCU at 1-800-341-9911 for more information 7 days a week.
Sherry Nelson, Director of Operations
877.369.6890, ext. 2565