[Oasfaa] (no subject)

[Hogue, Diane]

Dear Colleagues,

It is with great regret that I must write to you and let you know that
as of Monday, May 11, 2009 Tinker Federal Credit Union had to make the
very difficult decision to temporarily suspend its participation in the
student loan program.  However, any loan guaranteed prior to that date
will still be funded.  If a loan is transmitted for guarantee after May
11th, OGSLP will contact the school and ask that the student choose
another lender.  We hope that making this decision now will lessen the
impact to students you will be packaging for Fall/Spring 09/10.

 

TFCU, specifically Laura Coleman and I, have valued the business
relationships we have established with many of you through the years, as
well as the friendships that have developed over time.  We hope that the
service we have provided to your school and our students were top notch,
and that if marketplace conditions improve TFCU could re-consider their
future participation in student loans.

 

As for Laura and me, we will continue to work at the credit union
through the end of the year in student loans to ensure pending
disbursements are made and phones are answered.  During this time, the
credit union will be working with us to find continued employment with
TFCU.

 

Thanks to each of you for the years we have worked together making
Oklahoma students successful in higher education.  If you have any
questions, feel free to call me directly.

 

Diane Hogue

AVP/Manager Student Loans

405-319-2560

 

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