Brad Powers » Fynanz

Fynanz, Inc. Welcomes Newest Executive

Fri, 18 Jun 2010 07:48:48 +0000

In recent news, Fynanz, Inc. is welcoming a new member to its executive team. Jim Merrill will be a Senior Vice President of Sales for Fynanz, Inc. where Brad Powers is an Advisor.

Merrill most recently served as the Senior Vice President of the New Jersey Credit Union League. During his four year tenure there, he built and grew the products and service division of the league by over 30%.

About the new position, Merrill said, “In my prior role, we were the first of the growing list of more than 25 credit union leagues that formally announced their support of Fynanz and cuStudentLoans.org. I am extremely pleased that I was part of the first league that partnered with Fynanz and I continue to be impressed by the positive impact the program has on our credit unions, schools and students. I look forward to being part of the team as Fynanz continues to set the standard for private student loans nationwide.”

Brad Powers on Health Care Reform and Fynanz

Mon, 17 May 2010 06:58:56 +0000

There has been recent concern that the student loan Bill which was passed with the health care reform Bill recently will not have any impact on private student loan providers, such as Fynanz, on which Brad Powers sits on the board. This statement was actually made by Chirag Chaman, who is the current COO of Fynanz. According to Chaman, if anything, this Bill will actually be beneficial to the students, which is one of Fynanz’s main goals. As well, if the students benefit then the credit union will also benefit which ultimately will help everyone involved.

Brad Powers and Fynanz

Fynanz is a superb program for students who feel a lot of pressure when it comes to financing. Anyone who is involved in this program can take pride in what it provides for students. Brad Powers is definitely one who enjoys this organization, and thus uses his time to support it. Ultimately what this is going to mean is that private banks will no longer be taking fees. It will cut out this middle man as it were and there will be an expansion of the direct lending program from the government. As well, this will save taxpayers $61 billion in the next decade and will use this to increase Pell grants for students.

New House Bill & Student Loans

Sun, 25 Apr 2010 10:23:32 +0000

Many students are nervous about the student loan bill that recently passed in the House with the health care reform bill. Fynanz, a New York, N.Y. based provider of custom private student loans, says that students needn’t worry. As COO of Fynanz, Chirag Chaman, explains, “The bill overall doesn’t affect private student lending, and even if it does, it helps the borrower, so it is a positive for the industry.”

Fynanz, where Brad Powers is on the Board, recently created a new alliance with CUNA Strategic Services to help credit unions in the private student loan market. He explains as well that “Need-based aid for students is important. The funds hadn’t been growing the past few years and [the increases] were needed.”