Around the time of the Great Recession, there weren’t many lenders originating educational loans. Most of them had exited the business because of the volatility of the market.
This void opened up the perfect opportunity for credit unions to help consumers achieve their educational goals while lowering the average age of their membership at the same time.
Vince Passione, Chief Execut ive Officer and Founder at LendKey , joins the show to discuss how his company saw this emerging need in the market and how they work with credit unions to digitally originate and sell in-purchase loans for education among other verticals.
- Starting out in educational loan refinancing
- The trend towards unsecured loans for home improvement
- What’s coming in the auto finance space
- Working with regulators early and often
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