CUNA Strategic Solutions

What to Expect from Education Lending in 2018

Education lending continues to be a major topic for credit union members, both in financing a current student’s education as well as managing existing debt with refinancing opportunities. Consider these statistics:

  • There is $1.48 trillion in total U.S. student loan debt outstanding today, making it the second largest asset class after mortgages. (Student Loan Hero)
  • Approximately 44.2 million Americans have student loan debt, including many of your members, and that’s just the existing market.

Technology partnerships like Lendkey enable credit unions to enter the education lending market quickly and cost-efficiently. 

How to Streamline Lending with Video Banking

Would you like to streamline and virtualize your lending process with high quality video meetings and document sharing to delight your members? How does increasing your loan closure rate, and shortening your sales cycle sound?

Vidyo can give you this competitive advantage and has insights into a variety of ways member engagement via video can improve member service and loyalty. Learn more about Video Engagement for Lending.