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CBS Moneywatch Lauds CUs as Best Place for Student Loans

CBS news last Thursday posted an article on its website featuring credit unions as the best place to obtain a private student loan. In addition, the article references and links back to the website, the consumer-facing piece of the Fynanz program. 

The No. 1 consumer tip for college students seeking additional financial assistance is to "turn to a credit union," says the CBS MoneyWatch website in an article that lists seven things consumers need to know about private students loans.

"Credit unions, which are newer players in the private student loan world, almost always provide better interest rates," the article said. "Ironically most people stick with the well-known lenders even though their rates are typically higher. You can look for college loans at credit unions through cuStudentLoans."

cuStudentLoans is powered by CUNA Strategic Services provider Fynanz, which connects students in need of a private student loan with a network of credit unions.

Seven Missouri credit unions are already using Fynanz as their student loan partner. They are:

  • Century Credit Union (St. Louis)
  • Neighbors Credit Union (St. Louis)
  • River Region Credit Union (Jefferson City)
  • Rolla Federal Credit Union (Rolla)
  • Southpointe Credit Union (St. Louis)
  • United Credit Union (Mexico)
  • Vantage Credit Union (Bridgeton)

For more information on MCUA's partnership with Fynanz, e-mail Don Cohenour or call 800.392.3074, ext. 1313.