Credit unions need an education on one issue: student loans are safer than many CUs believe, advises one private student lending platform.
“Building assets to balance against deposits is critical for the financial health of a credit union. However, if those assets don’t perform and go delinquent, it can put a big strain on your balance sheet,” said Vince Passione, founder and CEO of LendKey. “The private student loan market is one of the best investments a credit union can make in 2018 when compared to other asset classes, and should be considered as a significant part of your lending portfolio.”