July 15, 2010
Education Loan Source Appoints New President and Senior Vice President of Sales - Perks and Hubbard to Drive Company’s Growth
San Diego, California – July 15, 2010 – Education Loan Source (ELS), the nation’s leader in education financing administration, announced today the appointment of Ronda Perks as President. Perks will be responsible for leading the strategic direction in sales, marketing and vendor relations.
"Ronda is a proven business strategist and team leader," said Douglas Feist, CEO of ELS. "Her understanding of market needs paired with her innovative solutions and focused execution are a perfect match for the goals of our growing organization."
Prior to ELS, Perks founded iGrad, a financial literacy provider and social network platform. Perks was CEO of Perks Consulting and held senior management positions at Education Finance Partners, Citibank SLC, Academic Management Services and Educational Finance Group. She received an undergraduate degree from Pomona College and attended the University of San Diego School of Law.
"As the new President of ELS, I look forward to working with schools and lending organizations alike to perfect a product and service offering needed so desperately in today’s environment," said Perks. "ELS offers the ideal business model to deliver what so many schools, credit unions and local banks have been looking for – financing options that meet the needs of the students and families of today."
To further build out the sales efforts of ELS, Becky Hubbard was also recently appointed as Senior Vice President of Sales where she will manage the sales efforts both internally and externally.
"I have had the great pleasure of working with Becky at four organizations in the past where successes were due in great part to her tenacious efforts and ability to deliver," said Perks. "We are thrilled to have her join and provide superior managerial guidance for ELS."
Hubbard previously held senior management positions with Educational Loan Company, Education Finance Partners, Citibank SLC, Academic Management Services and Educational Finance Group. While at Citibank, her sales team held the title of Region of the Year during her entire tenure there. She received her undergraduate degree from California Lutheran University.
"With these two appointments, we are simply bracing ourselves at ELS for the continued growth to follow," said Feist. "As patterns repeat themselves, we are preparing for unprecedented successes to come from these recent appointments providing our employees and clients alike with programs and solutions to thrive."
About Education Loan Source, Inc.
Schools, credit unions and banks all reap benefits from working with Education Loan Source, Inc. (ELS). As an education finance solution provider, ELS helps families to budget before they borrow by designing a comprehensive program specifically for each school or financial institution. Programs include monthly payment plans (2-120 months), full-tuition credit lines, customized underwriting with 100% approval, secondary market purchases, school-supported turnkey loans, full Reg Z and TIL compliance, online application with instant credit approval and e-signature, assistance with past-due bill balances, and collections. ELS executive team and staff possess an average of 20+ years in the education finance industry. ELS is based in San Diego, CA and has offices in Ohio, Pennsylvania and Arizona. For more information, visit www.educationloansource.com.
Media Contact:
Evie Smith
FortyThree, Inc.
831.401.3175
ELS@43pr.com
July 8, 2010
Education Loan Source Launches Private Student Loan Program for DEXSTA Federal Credit Union
San Diego, California – July 8, 2010 – Education Loan Source, Inc. (ELS) is proud to announce the launch of the DEXSTA Federal Credit Union private student loan program for families looking to pay for college, graduate school and private K-12. As a leading provider of education financial solutions, ELS has customized this program specifically to meet the needs of DEXSTA and its members.
"
We are happy to add the DEXSTA private student loan program to our portfolio of products and services," said Jerry King, President and CEO of DEXSTA. "With this addition, not only are we able to help finance college tuition, but families with children in private K-12 schools can benefit as well."
The Custom Loan Source℠ (CLS) program offered by ELS provides credit unions with the opportunity to develop their own customized student loan products without the need for additional staffing or resources. CLS is a turn-key student loan solution which includes every aspect of the student loan process from program design through portfolio management. Credit unions working with ELS benefit by gaining an in-depth knowledge of the student loan industry, while attracting a more diverse membership base and the ability to design a custom product to specifically meet their goals. Families benefit by receiving educational funding options in difficult economic times with low rates and terms.
Long-time ELS business partner Cology, Inc. was selected to originate and disburse loans for the customized DEXSTA program. With its industry-leading loan origination platform, Volta(TM), Cology offers DEXSTA expert origination and disbursement technology.
"Since DEXSTA is located within the state of Delaware where over 50 percent of families send their children to private elementary and secondary schools, it's especially gratifying to launch this new program for members in our local community," said Tracy Sniscak, SVP of Business Development for ELS. "This is truly a win-win. DEXSTA can increase its portfolio and member base with a student loan program that is highly in demand, while families receive the financial assistance they need with great rates and terms."
For more information on the Custom Loan Source Program, call Tracy Sniscak at (717) 385-3483.
About Education Loan Source, Inc.
Credit unions, banks and schools all reap benefits from working with Education Loan Source, Inc. (ELS). As an education finance solution-provider, ELS helps families to budget before they borrow by designing a comprehensive program specifically for each financial institution or school. Programs include monthly payment plans (2-120 months), full-tuition credit lines, customized underwriting with 100% approval, secondary market purchases, school-supported turnkey loans, full Reg Z and TIL compliance, online application with instant credit approval and e-signature, assistance with past-due bill balances, and collections. ELS executive team and staff possess an average of 20+ years in the education finance industry. ELS is based in San Diego, CA and has offices in Ohio, Pennsylvania and Arizona. For more information, visit www.educationloansource.com.
About DEXSTA Federal Credit Union
DEXSTA Federal Credit Union, a full-service financial institution is open to anyone who lives, works, worships, or attends school in New Castle County, Delaware. With a membership of 29,502 and assets totaling $181,856,459 - DEXSTA's mission is to offer a wide variety of products and services to meet the financial needs of its diverse membership. Please visit www.dexsta.com or contact Michael Reilly at (302) 571-0522, ext. 879 to learn more about DEXSTA Federal Credit Union's private student loan program.
About Cology, Inc.
Cology provides technology and core processing solutions for lenders. Volta(TM), the company's universal core processing system, is the technology behind more than 100 of the nation's resource providers in the education finance market today. The platform's highly customized client branding features, expansive loan, tuition payment, donor, peer product suite, and back office loan processing experts make entering the market fast, efficient and easy. For additional information on how to become a lending resource for students, visit www.cology.com
Media Contact:
Evie Smith
FortyThree, Inc.
831.401.3175
ELS@43pr.com
June 1, 2010
Education Loan Source, Inc. Launches Private Student Loan Program For Louviers Federal Credit Union
San Diego, California – June 1, 2010 – Education Loan Source, Inc. (ELS), a leading provider of education financial solutions, is proud to
announce the launch of a private student loan program customized specifically for members of Louviers Federal Credit Union (LFCU).
"
Our credit union conducted a thorough review of three student loan programs and decided that ELS was the best solution for us. We chose ELS based
upon their ability to fully customize our program to meet the unique needs of our membership and existing school relationships as well as their
extensive knowledge of the student loan industry. ELS is great to work with - they have maintained excellent lines of communication to keep us
informed and educated from start to finish and have quickly responded to meet our needs," says Bob Walls, Director of Human Resources and Special
Projects for LFCU.
The Custom Loan Source℠ (CLS) Program offered by ELS provides credit unions with the opportunity to develop their own customized
student loan without the need for additional staffing or resources. CLS is a turn-key student loan solution which includes every aspect
of the student loan process including set-up, administration, marketing, branded online application, loan processing, underwriting,
certification and disbursement with colleges and universities, loan servicing, and portfolio management.
According to Tracy Sniscak, SVP - Business Development for ELS, "CLS is a perfect fit for LFCU as it allows the credit union to bring their own corporate lending standards and philosophies to an education loan program. LFCU was able to set their own rates and fees, and define their own school list. The credit union has an existing relationship with the University of Delaware and this new program will allow them to continue to offer financial assistance to the students there as well as at other regional schools. It’s been a pleasure to help them create and develop a program that meets the needs of their members."
For more information on the Custom Loan Source Program, call Tracy Sniscak at (717) 385-3483.
About Education Loan Source, Inc.
Education Loan Source, Inc (ELS) is a nationwide specialty financial services company that provides diversified lending solutions for schools and lenders in the education finance marketplace. The company is based in San Diego, CA and has offices in Ohio, Pennsylvania and Arizona. For more information, visit www.educationloansource.com.
About Louviers Federal Credit Union
Louviers Federal Credit Union has operated continuously in New Castle County, Delaware since 1968 with a primary mission to serve the financial needs of those individuals that share their core common bond. Through the years, Louviers FCU has built a reputation of conservative financial soundness and integrity and is one of the most respected not-for-profit financial institutions in the area. The company has 11,000 members and assets over $212 million and remains a sound and well-managed institution dedicated to servicing its membership through the people-helping-people philosophy of credit unions. Visit www.louviers.com for more information.
November 2009
National Lending Associates, Inc. with Sterling Education Finance, LLC Partners with the Pennsylvania Association of Community Bankers
October 2009
Education Loan Source, Inc. Launches Private Student Loan Referral Program For Lion’s Share Federal Credit Union
New "no risk" private education loan referral solution for Lion’s Share Federal Credit Union
SAN DIEGO, October 6, 2009 -- Education Loan Source, Inc. (ELS) a leading provider of education financial solutions has announced the launch of a Private Education Loan Referral Program with Lion's Share Federal Credit Union. "We are excited about adding private education loans to the list of quality financial services offered to our members and their families," stated John McGrail, President/CEO. "Lion's Share FCU members can now access this education loan program through a link on our website, www.lionsharecu.org."
"The Credit Union referral program creates an opportunity for Lion’s Share FCU to offer private education loans with no financial risk to their organization," states Douglas Feist, Chief Executive Officer of ELS. "The private loan program is an ideal solution for Credit Union members, who still need money for school expenses after they have maximized all other financial aid options."
"This referral program is a great solution for Credit Unions to offer student loan programs to their existing members as well as attracting new membership without having to finance the loans themselves," said Tracy Sniscak, Senior Vice President of Business Development. "In today's financial markets, this program is truly a win-win situation for the not-for-profit organizations."
Education Loan Source is committed to offering private education loan options and other financing alternatives uniquely designed for Credit Union's. Education Loan Source is committed to offering student loan products to its Credit Unions by working with each individual financial institution to determine the type of loan programs that offer the best education finance options.
About Education Loan Source, Inc.
Based in San Diego, California, ELS is a wholly owned subsidiary of National Lending Associates, Inc. and is focused solely on providing education financing solutions. ELS's executive team has over 40 years of experience in the student loan industry and is committed to providing excellent product alternatives and a high level of customer service (www.educationloansource.com).
September 2009
Education Loan Source, Inc. Teams with the Delaware Credit Union League
SAN DIEGO, September 29, 2009 -- Education Loan Source, Inc. (ELS) a leading provider of education financial solutions is proud to announce its partnership with the Delaware Credit Union League to provide education loan programs to their member credit unions.
"The Delaware Credit Union League is excited to recommend Education Loan Source programs to our member credit unions for student loan services," says Jane Bailey, Executive Vice President of the Delaware Credit Union League. "Credit Unions are taking a larger role in helping students and their families obtain the financing they need to attend college. The Delaware Credit Union League is looking forward to offering our member credit unions student loan solutions that can be customized while meeting each individual credit union's goals."
Education Loan Source is committed to offering private education loan options and other financing alternatives uniquely designed for its clients. The Custom Loan Source℠ Program allows credit unions to develop their own customized student loan offering without the need for additional staff or resources and is completely supported by ELS and its affiliates. "This program offers credit unions a great way to provide a student loan product to their existing members, while attracting new members at the same time," said Tracy Sniscak, Senior Vice President of Business Development. "Credit unions are stepping in to help finance education at a time when traditional lenders are backing away due to the current financial markets. I'm excited for the opportunity to work with the Delaware Credit Union League and their member credit unions to help them better understand the student loan industry and provide student loan solutions to their members."
"We are extremely pleased that Delaware Credit Union League has recognized ELS as a business partner and recommends our services to their credit union members," stated Douglas Feist, Chief Executive Officer of Education Loan Source, Inc. "ELS currently serves many clients in multiple states providing education financial solutions and is looking forward to working with the Delaware Credit Union League."
For more information on the Custom Loan Source℠ Program, go to (www.educationloansource.com) or call Tracy Sniscak at (717) 385-3483.
About Education Loan Source, Inc.
Based in San Diego, California, ELS is a wholly owned subsidiary of National Lending Associates, Inc. and is focused solely on providing education financing solutions. ELS’s executive team has over 40 years of experience in the student loan industry and is committed to providing excellent product alternatives and a high level of customer service (www.educationloansource.com).
The Delaware Credit Union League is a trade association representing 28 credit unions in Delaware with over 215,000 members and $1.5 billion in assets.
July 2009
National Lending Associates, Inc. Launches the TuitionFlex Program
SAN DIEGO, July 8
/PRNewswire/ -- National Lending Associates, Inc. ("NLA") is formally
announcing today the launch of its TuitionFlex℠ tuition payment program. The
TuitionFlex Program is a highly flexible and customizable tuition payment
program for schools and colleges which currently do or do not offer this low
cost financing option to their students and families. TuitionFlex is designed
to be compliant with all federal and state Truth-in-Lending disclosure
requirements. This turn-key program features a branded on-line application
process, electronic signature, customizable reporting, automated payment
processing and flexible servicing repayment terms.
"NLA is excited to
launch this additional financing option for schools and colleges while
leveraging the experience and expertise of our management team. Our TuitionFlex
Program was created as an alternative higher education financing option, which
enables institutions throughout the country to provide effective financing
solutions for their students during a time of economic uncertainly and limited
private financing choices," states Douglas Feist, Chief Executive Officer
of NLA.
The TuitionFlex Program
offers payment products aimed at providing tuition financing solutions for K-12
schools, colleges, and universities. With its TuitionEase™ (less than 12
months), TuitionExtend™ (contracts greater than 12 up to 120 months), and
soon to be launched TuitionExtendPlus™ (contract purchase option) products,
the TuitionFlex Program provides alternatives to meet the current demands of
all educational institutions.
For more information on the
TuitionFlex Program go to www.tuitionflex.com or contact Tim Kulesha at
tim.kulesha@NLALoans.com (602) 579-6555.
About National Lending
Associates, Inc.
Based in San Diego,
California, with offices in Ohio, Arizona, Georgia, Pennsylvania, and New York,
National Lending Associates, Inc., is a nationwide specialty service company
focused on providing financing solutions, loan and portfolio administration
services, and technology options for the education financing marketplace
(www.nationallendingassociates.com).
Source: National Lending
Associates, Inc.
CONTACT: Tim Kulesha of
National Lending Associates, Inc.,
+1-602-579-6555,
tim.kulesha@NLALoans.com
January 2009
National Lending Associates, Inc. Offers Tuition Funding
January 2009
Launch Of Custom Loan Source ℠
January 2009
PRNewswire Press Release: Launch of Custom Loan Source ℠
SAN DIEGO, Jan. 12 PRNewswire -- National Lending Associates, Inc. is formally announcing today the launch in the 4th Quarter of 2008 of its Custom Loan Source program offered through its Education Loan Source, Inc. subsidiary. The Custom Loan Source program offers a highly flexible and customizable alternative tuition funding program for schools. Education Loan Source(SM) provides schools with the ability to offer and make private education student loans using its expertise and experience. The turn-key program features competitive standard loan terms, whether K-12, continuing education, undergraduate, graduate, and professional, and all of which can easily be customized to meet a school's desired goals. The Custom Loan Source program has also been structured to meet all current legal and compliance requirements applicable to schools.
The dynamic and veteran team of Education Loan Source includes Gary R. Rohmann, President, and Timothy B. Kulesha, Executive Vice President/COO. "Our Custom Loan Source program," states Mr. Rohmann, "enables schools and colleges throughout the country to provide effective, reliable, and custom designed alternative financing solutions to their students during time of economic uncertainty and limited private financing alternatives."
Education Loan Source, Inc. focuses exclusively on offering private education loan options and other financing alternatives uniquely designed for schools. Education Loan Source is committed to offering student loan products to its school clients by working with each individual institution to determine the type of loan programs that offer the best education finance options for their students and families.
For further information on the Custom Loan Source℠ program, please see www.educationloansource.com or contact Gary Rohmann directly at (858) 720-5051, or e-mail
.
About National Lending Associates, Inc.
Based in San Diego, California, National Lending Associates, Inc. is a nationwide specialty services company focused on providing financing solutions, loan administration services, and technology options for the consumer and commercial markets.
SOURCE: National Lending Associates, Inc.
January 2009
NASFAA Press Release: Launch of Custom Loan Source ℠
SAN DIEGO, California — January 12, 2009 — National Lending Associates, Inc. is formally announcing today the launch in the 4th Quarter of 2008 of the Custom Loan Source program offered through its Education Loan Source, Inc. subsidiary. Custom Loan Source program offers a highly flexible and customizable alternative tuition funding program for schools. Education Loan Source<span class="smark">℠</span> provides schools with the ability to offer and make private education student loans using its expertise and experience. The turn-key program features competitive standard loan terms, whether K-12, continuing education, undergraduate, graduate, and professional, and all of which can easily be customized to meet a school's desired goals. The Custom Loan Source program has also been structured to meet all current legal and compliance requirements applicable to schools.
The dynamic and veteran team of Education Loan Source includes Gary R. Rohmann, President, Timothy B. Kulesha, Executive Vice President/COO; Nancy B. Chalker, Regional Vice President, Sales-Northeast; and Jacklyn J. Schneider, Regional Vice President, Sales-West. "Our Custom Loan Source program," states Mr. Rohmann, "enables schools and colleges throughout the country to provide an effective, reliable, and custom designed alternative financing solutions to their students during time of economic uncertainty and limited private financing alternatives."
In support of the Custom Loan Source program with its current school customers, Education Loan Source has secured relationships with various lender originators, Cology, Inc. for origination and disbursement services, and PHEAA/AES for loan portfolio servicing.
Education Loan Source is focused exclusively on offering private education loan options and other financing alternatives uniquely designed for schools. Education Loan Source is committed to offering student loan products to its school clients by working with each individual institution to determine the type of loan programs that offer the best education finance options for their students and families.
For further information on the Custom Loan Source℠ program, please see www.educationloansource.com or contact Gary Rohmann directly at (858) 720-5051, or e-mail
.
About National Lending Associates, Inc.
Based in San Diego, California, National Lending Associates, Inc. is a nationwide specialty services company focused on providing financing solutions, loan administration services, and technology options for the consumer and commercial markets.
Posted 01/13/09 to www.NASFAA.org. Posting of press releases is done as a serve to members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
July 2008
NASFAA Press Release: Launch of Education Loan Source
Douglas L. Feist, CEO of National Lending Associates, Inc. (NLA) announced today the launch of Education Loan Source (ELS) focused exclusively on offering private education loans and other financing alternatives uniquely designed for college students through its school relationships.
The dynamic and veteran team includes Gary R. Rohmann, President; Timothy B. Kulesha, Executive Vice President/COO; Nancy B. Chalker, Regional Vice President, Sales - Northeast; and Jacklyn J. Schneider, Regional Vice President, Sales – West. “We are very excited for the opportunity to work with many of our long-time professional colleagues within higher education in providing unique and diversified private loan offerings to students and families in which to finance their education. Each member of this team brings many years of extensive experience within the industry, and more importantly, posses a passion for providing means for students to achieve their goal of obtaining a higher education,” says Mr. Rohmann.
Education Loan Source is committed to offering multiple student loan products to its school clients by working with the schools to determine what types of student loans offer the best education finance options for their respective students. Doug Feist, CEO, stated “Colleges and universities have been under a great deal of pressure to ensure that their students are getting the best financial aid packages available. We are confident that we bring not only the expertise but also the commitment needed to assist colleges and universities in this endeavor.”
Gary R. Rohmann, President
Gary has achieved over 34 years of progressive and distinguished professional service within higher education and the higher education finance industry. Prior to being appointed President of ELS, Gary served as Executive Vice-President of Business Development at Student Loan Xpress, Inc., a CIT company, where his overall leadership was directly responsible for significant market growth through the school and business partner channels within student lending.
Timothy B. Kulesha, Executive Vice President/COO
Tim offers 15 years of marketing and operational experience, primarily in the student lending industry. Prior to joining NLA, Tim served as Executive Vice President of Corporate Development for Cology, Inc. Tim served in key leadership positions both in marketing and operations for Wachovia Corporation, University of Phoenix and Wells Fargo & Co.
Nancy B. Chalker, Regional Vice President, Sales
Nancy has over 18 years of education lending experience. Her focus has always been providing superior service to her customers and she looks forward to continuing to provide that service on behalf of Education Loan Source.
Jacklyn J. Schneider, Regional Vice President, Sales
Jacklyn has been in the student loan industry for over 19 years expanding from Operations, Training, Implementing software, to Sales. By working in a different array of positions, she will be an asset in bringing solutions and assisting colleges and students to obtain financial solutions to obtain a higher education.
About National Lending Associates, Inc.
Headquartered in San Diego, California, NLA commenced business operations in January 2007 and employs a diversified product portfolio nationally, including both federal and private loans and mortgage and commercial lending services. Further information is available at www.educationloansource.com or you may directly e-mail
or
.