OE Federal Credit Union Adds CU Student Choice's Student Loan Refinance Solution

Scott Patterson

​CU Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced its student loan refinance solution will now be available to the members of OE Federal Credit Union ($1.5B assets; 112,885 members; Livermore, Calif.). The credit union is offering Student Choice’s student loan refinance product and will be adding an education line of credit for undergraduate students in the future.
 
"OE Federal is the country’s largest labor-based credit union, and we have been committed to serving union workers and their families since 1964," said Gabriel Ybarrolaza, Chief Lending Officer for OE Federal. “Our members work hard, and OE Federal is proud to offer a student loan refinance solution that works for them. By refinancing, members can better manage their student loan repayment and potentially save some of their hard-earned money.”
 
The Student Choice refinance product allows borrowers to consolidate and refinance private and/or federal student loans, including PLUS loans from the federal government.
 
"Student Choice was founded to help middle- and working-class families responsibly cover the rising costs of higher education,” said Scott Patterson, President and CEO of Student Choice. “Credit unions like OE Federal are a perfect match for this mission. At a time when families are seeing their cost of living increase across the board, refinancing student loans can be a great way to lower payments or pay off loans sooner.”
 
Student Choice enables credit unions of all sizes to make private education loans that are held on their own balance sheet. Since launching in 2008, the CUSO has helped nearly 300 partner credit unions originate more than $4 billion in private education loans, assisting more than 130,000 families in the process.

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