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The Cherry Hill, N.J., company said it believes it can cross sell its ATM productx with the new loanprocessing services. President and CEO Richard Stern said the company has hiredKen Buren, the founderr and former president of Rutgere Federal Credit Union, to head the student loan which will offer a platform for credit unions and smallo regional banks to providew private student loans to their members and It will be offered throug h TRM subsidiary Access to Money-SL Inc. as an outsourcer solution to thesefinancial institutions.
The system will electronically accepyloan applications, gather financiaol information, deliver loan documents and certify loans with university financiapl aid offices enabling customers to deliver preliminary approvals of studentg loan applications. TRM (OTCBB:TRMM) is a consumer services compant that provides convenience ATM servicesin high-traffix consumer environments.
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