Drive Gen Z engagement with new Navatros partner Sparrow

Published by: Rich Mensah

October 4, 2023 | Industry Supporters

Student loans are a great opportunity to build long-term relationships with younger members. Research shows that among borrowers who turn to a credit union for student loans, 65% of them open a checking account, 55% obtain a credit card, and 44% open a savings account. With Sparrow, a new Navatros solution, your credit union can help young borrowers fund their education without becoming the lender of record and earn a fee for every loan originating from your credit union’s website, which boosts non-interest income.

Sparrow is an online student loan and refinancing platform where borrowers can conduct a search for a loan from a national network of 17+ lenders to find the best rates and terms. Adding Sparrow’s white-labeled student loan marketplace to a website takes just a few minutes, and no custom programming or complex integrations are required. If your credit union already offers student loans, partnering with Sparrow can help increase loan applications, Gen Z membership, and cross-selling opportunities. The platform offers a wide variety of student loan products, including undergraduate and graduate loans, international student loans, student loan refinancing, and parent student loans.

Attend an introductory webinar on Oct. 20, or visit the Sparrow solutions page at Navatros.com to learn more.

Navatros, formerly OCUL Services Company, provides credit unions and finance organizations with personalized business solutions. Through trusted service and advice, Navatros helps businesses solve challenges and achieve goals.

Contact Rich Mensah for questions or assistance.

Rich Mensah
Rich Mensah Business Analyst E: rmensah@ohiocul.org
Contact Us

Other Movement News

Government Affairs

Advocacy on track at Churchill Downs

Ohioans and communities are best served when credit unions and regulators work together to cultivate a financial services industry that puts people first. That is why the Ohio Credit Union […]
Regulatory

League advocates for an updated CTR threshold

Constantly increasing regulatory pressures put a strain on a credit union’s resources and ability to focus on what matters most: serving members; thus, the League is always looking for opportunities […]
Member Benefits

Unlocking Strategic Insights with Peer Suite

Data-driven decision-making is paramount for credit unions striving to grow and better serve their members. Recognizing this need, the League offers Peer Suite as a powerful member benefit. This comprehensive […]