LendKey Tops Off 2012 Adding 7 New Clients in December

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Formerly Fynanz, LendKey now serves 232 credit unions

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We’re always looking for new ways to help our members with their lending needs and LendKey certainly provides us with the means to meet these goals for them.

Topping off 2012, cloud-based lending solutions provider LendKey (formerly Fynanz) signed seven new credit union clients in December 2012 bringing its client total to 232. This latest flurry of activity signifies that more credit unions are looking to new asset classes to enhance their current loan portfolios. As a result, these new credit union clients will leverage LendKey’s cloud-based lending solution to develop, launch and support their own self-branded private student loan programs, or leverage the CUSO managed cuStudentLoans participation network.

LendKey’s December 2012 signings include:

  •     United Educators Credit Union (Apple Valley, MN)
  •     Security Credit Union (Flint, MI)
  •     Buffalo Metropolitan Federal Credit Union (Buffalo, NY)
  •     Santa Cruz Community Credit Union (Santa Cruz, CA)
  •     Hawaii Federal Credit Union (Honolulu, HI)
  •     Weber State Federal Credit Union (Ogden, UT)
  •     United Educational Credit Union (Battle Creek, MI)

“Partnering with LendKey gives us another option to expand our lending portfolio through student loans,” says Patricia Edinger, CEO of Buffalo Metropolitan Federal Credit Union. “We’re always looking for new ways to help our members with their lending needs and LendKey certainly provides us with the means to meet these goals for them.”

“We look forward to working closely with LendKey to bring new lending opportunities to our members,” says Vickie van der Have, CEO of Weber State Federal Credit Union. “We feel their technology and expertise in student loans will help us achieve our lending goals in 2013 and beyond, which allows for increased growth. Ultimately, that growth equates to greater value in our members’ eyes. That’s great news for our bottom line and our members’ academic futures.”

“It’s very positive to end the year on a high note like we did this past December,” said Jim Merrill, SVP of Sales for LendKey. “2012 was an extremely busy and successful year of serving the private student lending needs of credit unions and debunking many of the myths associated with the private student lending industry. We also endured a major repositioning and rebranding effort that I think will bring more value to our company in 2013 and in the ensuing years. It also bodes well for our clients, providing them with a cloud-based lending engine that will surely enhance their portfolios well into the future.”

About LendKey
Formerly private student lending solutions provider Fynanz (founded in 2007), LendKey, located in New York, offers cloud-based technology to provide the essential infrastructure for credit union 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, over 230 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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Christian Widhalm
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