Industry News

University of Illinois Employees Credit Union Partners with CU Campus Resources

August 01, 2011

FOR IMMEDIATE RELEASE
University of Illinois Employees Credit Union Partners with CU Campus Resources

August 1, 2011, Madison, WI -€“ CU Campus Resources is pleased to announce a new partnership with University of Illinois Employees Credit Union. Through this partnership with CU Campus Resources, University of Illinois Employees Credit Union will be able to offer private student loans to students attending any school in the University of Illinois system. 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.

“We are pleased to have such a highly regarded university-based credit union join Campus Resources,”€ said Mike Long, EVP and Chief Operations Officer at CU Campus Resources. “€œPrivate student loans will be well-received by their members and by the financial aid offices they serve.”

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 the college campuses they serve.

“Making college more accessible to University of Illinois students is something the Credit Union feels very strongly about.”€ said Greg Anderson, SVP and Chief Operations Officer at the University of Illinois Employees Credit Union. “We are committed to celebrating and serving both campus and community and€“ part of that commitment is ensuring that our students have a chance to get the education they need to be competitive in tomorrow’€™s job market. The private student loans we can offer through this partnership with CU Campus Resources will help the credit union fill the gap in financial needs for that education.”

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. Learn more at www.cucampusresources.com.

About University of Illinois Employees Credit Union
Celebrating nearly 80 years of campus and community involvement, the University of Illinois Employees Credit Union delivers a full-service financial alternative through service excellence, community support and product innovation. More information on the credit union is available at www.uiecu.org.

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