Lending Services
Credit union lending is kind of a big deal. After all, loans are a major part of any institution’s product line, right? With our lending services at Vizo Financial, you can gain the tools to enhance and manage your lending line of services. It’s how we “lend” a helping hand to credit unions!
Commercial Lending
Vizo Financial's partner, CU Business Group, offers expertise and full-service support as a fast, easy and cost-effective way to add commercial lending and deposit products to your credit union’s list of services.
From planning to servicing, compliance to consulting, pricing to prospecting, CUBG provides the expertise and resources to make your commercial services program successful.
- CUBG assists credit unions with commercial loans of all sizes, from small dollar, quick and low-cost Fast Track loans to large commercial real estate transactions.
- In addition to underwriting, CUBG also provides commercial loan documentation, loan servicing, risk monitoring and consulting services.
- CUBG’s team of experienced SBA experts can help your credit union navigate the SBA lending process.
- CUBG also offers consulting on business deposit account structures, pricing, and operations, as well as additional services such as merchant bankcard services, business remote deposit capture, ACH origination and advanced cash management products.
- The CUBG team of experts has extensive knowledge and provides numerous educational opportunities on all aspects of commercial services. CUBG also performs independent loan reviews to help credit unions maintain sound commercial lending portfolios.
Student Loan Program
Vizo Financial is committed to helping your credit union members invest in higher education. This is why we have partnered with Sallie Mae® to offer your credit union a comprehensive suite of products and services to support your members’ education finance needs. This suite of education loans, created specifically for the needs of graduate and undergraduate students, will help your credit union retain and grow memberships by offering private student loans as a complement to student checking, debit cards, online banking and auto loans.
Why Your Credit Union Will Like It
The Sallie Mae suite of loans expands your credit union’s product line at no cost or funding.
- Offers high-value products that can attract and retain valuable members.
- Generates fee income per originated loan without any upfront investment from your credit union.
- Easy promotion for your credit union with marketing materials provided through a resource portal.
Why Your Members Will Like It
- Makes money available that students need for college so they can borrow up to 100 percent for school-certified expenses like tuition, fees, books, housing, meals, travel and more.
- The undergraduate and graduate loans let members choose from three simple repayment options that also offer a choice of competitive fixed or variable interest rates:
- Making monthly interest payments while in school
- Paying a fixed amount each month while in school
- Deferring payments until after they leave school
- Allows members to earn a 0.25 percentage point interest rate reduction when they enroll in and make monthly payments by auto debit.
- Easy and fast online application. Members can also manage their loans online, 24/7.
- Assists your members, when needed, with Sallie Mae’s dedicated customer service and technical assistance centers.