WESTERLY, R.I.–Westerly Community Credit Union said it has selected CU Student Choice to provide it with student loan refinance solutions. 

The Student Choice refinance product allows borrowers to consolidate and refinance private and/or federal student loans, including Parent and Grad PLUS loans, according to the company. 

“We have been serving our community since 1948, and as members’ needs have evolved, so have our offerings,” James Maloney, VP-consumer and mortgage lending at the $500-million Westerly Community Credit Union, said in a statement. “Today that means helping members better manage their student loan debt so they can attain future financial goals. By offering affordable student loan refinance options, we can help them save money and take control of their repayment.”

‘More Opportunities’

Added Scott Patterson, president and CEO at Student Choice, in a statement, “With the federal student loan landscape shifting under the current administration, credit unions have even more opportunities to step up for their members with innovative private student lending solutions. Refinancing student loans can help borrowers lower monthly payments, pay off loans sooner, and potentially save thousands in the long run. And, equally important, this product gives credit unions the chance to develop productive, long-term relationships with the next generation of credit union members.”