Education Loans and Credit Unions: LendKeys’ Partnerships Approach

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.We discuss:- 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 oftenWant more lending advice? Find us on Apple Podcasts, Spotify, and here.Listening on a desktop & can’t see the links? Just search for Leaders in Lending in your favorite podcast player.

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Leaders In Lending is a show for lending professionals who want to grow their consumer lending programs and improve their consumer experiences. Consumers continue to expect faster, easier online experiences from every company—and our knowledgeable guests will share how they are bringing their organizations and lending products forward into the future. Every week, Leaders In Lending will bring you actionable advice and key learnings from experienced leaders to help you navigate the future of consumer lending.