April 29, 2013 , LendKey, (formerly Fynanz), the cloud-based lending technology company located in New York City, today announced the addition of United States Senate Federal Credit Union (VA) to its growing list of lending partners. The credit union will utilize the LendKey custom platform to power its private student loan and private student loan consolidation programs.
United States Senate Federal Credit Union, a $575 million credit union that serves over 30,000 members that are employees of the US Senate and US Supreme Court, among other government entities as well as private companies and organizations, is the most recent credit union to build a customized student lending solution using the LendKey platform. Lending partners that build a custom program on the LendKey platform choose their own product and credit requirements to best suit their members’ needs.
“We wanted a lending solution that was built to fit the individual needs of our membership base in time for the upcoming academic year,” said Susan Enis, CEO of United States Senate Federal Credit Union. “LendKey, with their ability to offer a three week implementation period, was an easy choice for our credit union,” continued Enis.
“United States Senate Federal Credit Union, with their strong member base of government employees, is a terrific addition to our Washington DC area credit union clients,” said Jim Merrill, SVP of Sales for LendKey. “Whether offering private student loans to current college students, or refinancing existing private student loans through consolidation, we look forward to helping them grow their portfolio in time for the quickly approaching academic lending season,” continued Merrill.
Formerly private student lending solutions provider Fynanz, LendKey, located in New York and Ohio, offers cloud-based technology to provide the essential infrastructure for credit unions or any party to quickly, securely, efficiently, and profitably lend to anyone else – from those offering loans directly to those structuring new types of loans. LendKey’s lending solutions to credit unions nationwide primarily provide loans pertaining to automobiles, students, or green efforts. The company’s clients and partners, 243 credit unions and the Credit Union National Association, have exclusively leveraged the platform for private student lending purposes. For more information, visit http://www.lendkey.com.
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