Nelnet

Nelnet Business Solutions Teams Up with Western Union Business Solutions

Retrieved on: 
Thursday, February 28, 2019
Companies, Nelnet, Foreign exchange companies, Western Union, Lincoln, Nebraska

LINCOLN, Neb., Feb. 28, 2019 /PRNewswire/ --Nelnet Business Solutions, Inc. (NYSE: NNI), has announced an expanded collaboration with Western Union Business Solutions to include an embedded interface between Nelnet's payment processing platforms and Western Union's trusted international payments service.

Key Points: 
  • LINCOLN, Neb., Feb. 28, 2019 /PRNewswire/ --Nelnet Business Solutions, Inc. (NYSE: NNI), has announced an expanded collaboration with Western Union Business Solutions to include an embedded interface between Nelnet's payment processing platforms and Western Union's trusted international payments service.
  • "Nelnet Business Solutions has linked to international payment providers in the past, but this partnership incorporates Western Union's feature-rich digital payments capability directly into our Nelnet Campus Commerce and FACTS platforms," said DeeAnn Wenger, President of Nelnet Business Solutions.
  • "We are proud to expand our relationship with Nelnet Campus Commerce and FACTS," said Alfred Carpetto, Western Union Regional Head of the United States and Latin America.
  • This alliance and integration creates an additional benefit for existing Nelnet Campus Commerce and FACTS clients, and helps Western Union expand their footprint within higher education with its payments solutions .

Nelnet Reports Fourth Quarter 2018 Results

Retrieved on: 
Wednesday, February 27, 2019
Nelnet, Student loans in the United States

For the fourth quarter of 2018, Nelnet reported net interest income of $69.5 million, compared with $73.2 million for the same period a year ago.

Key Points: 
  • For the fourth quarter of 2018, Nelnet reported net interest income of $69.5 million, compared with $73.2 million for the same period a year ago.
  • During 2018, the company purchased $3.9 billion of loans, including $692 million in the fourth quarter of 2018.
  • With these acquisitions, the company's average balance of loans in the fourth quarter of 2018, $22.6 billion, remained relatively consistent with the average balance of loans in the fourth quarter of 2017 of $22.4 billion.
  • ALLO incurred capital expenditures of $87.5 million during the year ended December 31, 2018, including $20.7 million during the fourth quarter of 2018.

U-fi Launches School Loan Products to Help Students Reach Educational Goals

Retrieved on: 
Monday, December 17, 2018
Student loans in the United States, Nelnet, Finance, Money, Economy, Student loan

Aiming to serve students with undergraduate, graduate, or professional school costs not fully met by federal funding, U-fi School Loans help students meet educational costs and achieve educational goals.

Key Points: 
  • Aiming to serve students with undergraduate, graduate, or professional school costs not fully met by federal funding, U-fi School Loans help students meet educational costs and achieve educational goals.
  • "Offering low rates, no origination fees, immediate, and deferred repayment options, our school loan program helps keep students in school and on track to complete their education."
  • U-fi School Loans assist undergraduate students attending two- and four-year public and private not-for-profit institutions, as well as graduate students in business administration, law, and health professions.
  • U-fi, a Nelnet company (NYSE: NNI),provides private loan origination and servicing to help students and recent graduates reach their educational and professional goals by making smart financial decisions.

Nelnet Business Solutions Acquires Tuition Management Systems

Retrieved on: 
Monday, November 26, 2018
Nelnet

LINCOLN, Neb., Nov. 26, 2018 /PRNewswire/ --Nelnet Business Solutions, Inc., a division of Nelnet, Inc. (NYSE: NNI), today announced its acquisition of 100 percent of the outstanding equity and membership interests of Tuition Management Systems LLC (TMS), a payments subsidiary of Cognition Financial Corporation, based in Warwick, R.I.

Key Points: 
  • LINCOLN, Neb., Nov. 26, 2018 /PRNewswire/ --Nelnet Business Solutions, Inc., a division of Nelnet, Inc. (NYSE: NNI), today announced its acquisition of 100 percent of the outstanding equity and membership interests of Tuition Management Systems LLC (TMS), a payments subsidiary of Cognition Financial Corporation, based in Warwick, R.I.
  • Founded in 1985, TMS offers tuition payment plans, billing services, payment technology solutions, and refund management to educational institutions.
  • As a leading payment solutions provider, Nelnet Business Solutions is equipped for both the current and future needs of schools, students, and families with innovative technology and quality service," said DeeAnn Wenger, president of Nelnet Business Solutions.
  • FACTS offers a comprehensive suite of services, including tuition management, payment administration and processing, financial needs assessment, online application and enrollment, online payment forms, student administration software, and learning management systems.

Nelnet Reports Third Quarter 2018 Results

Retrieved on: 
Thursday, November 8, 2018
Nelnet

"We are pleased with the operating results and performance of our core businesses," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "We are pleased with the operating results and performance of our core businesses," said Jeff Noordhoek, chief executive officer of Nelnet.
  • For the third quarter of 2018, Nelnet reported net interest income of $59.8 million, compared with $75.2 million for the same period a year ago.
  • Beginning February 7, 2018, the operating results of Great Lakes are included in the company's Loan Servicing and Systems segment.
  • ALLO incurred capital expenditures of $66.8 million year-to-date through September 30, 2018, including $21.7 million during the third quarter of 2018.

Nelnet to Announce Third Quarter Results on November 8

Retrieved on: 
Monday, October 15, 2018
Nelnet, New York Stock Exchange, Lincoln, Nebraska, Economy of the United States, NEBRASKA, Economy of New York City

LINCOLN, Neb., Oct. 15, 2018 /PRNewswire/ --Nelnet, Inc.(NYSE: NNI) today announced it will release earnings for the third quarterendedSeptember 30, 2018, after the close of theNew York Stock ExchangeonThursday, November 8, 2018.

Key Points: 
  • LINCOLN, Neb., Oct. 15, 2018 /PRNewswire/ --Nelnet, Inc.(NYSE: NNI) today announced it will release earnings for the third quarterendedSeptember 30, 2018, after the close of theNew York Stock ExchangeonThursday, November 8, 2018.
  • Upon release, additional earnings information will be available at www.nelnetinvestors.com .

Nelnet Withdraws Application for Industrial Bank Charter with the FDIC and the Utah Department of Financial Institutions

Retrieved on: 
Tuesday, September 25, 2018
Bank regulation in the United States, Nelnet, Federal Deposit Insurance Corporation, Government, United States

LINCOLN, Neb., Sept. 25, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced it has withdrawn its application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank.

Key Points: 
  • LINCOLN, Neb., Sept. 25, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced it has withdrawn its application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank.
  • Nelnet filed the industrial bank charter application on June 28, 2018.
  • "We appreciate the constructive dialogue we have had with the FDIC and UDFI regarding our application," said Nelnet President Tim Tewes.
  • "Withdrawing our application is a temporary step back in what we knew could be a long process.

Nelnet to Announce Second Quarter Results on August 7

Retrieved on: 
Friday, July 13, 2018
Nelnet, Student financial aid, New York Stock Exchange, Lincoln, Nebraska, Economy of the United States, NEBRASKA, Economy of New York City

LINCOLN, Neb., July 13, 2018 /PRNewswire/ -- Nelnet, Inc.(NYSE: NNI) today announced it will release earnings for the second quarterendedJune 30, 2018, after the close of theNew York Stock ExchangeonTuesday, August 7, 2018.

Key Points: 
  • LINCOLN, Neb., July 13, 2018 /PRNewswire/ -- Nelnet, Inc.(NYSE: NNI) today announced it will release earnings for the second quarterendedJune 30, 2018, after the close of theNew York Stock ExchangeonTuesday, August 7, 2018.
  • Upon release, additional earnings information will be available at www.nelnetinvestors.com .

Nelnet Files Application for Industrial Bank Charter with the FDIC and the Utah Department of Financial Institutions

Retrieved on: 
Thursday, June 28, 2018
Student financial aid, Nelnet, Lincoln, Nebraska, Federal Deposit Insurance Corporation, Government, United States, NEBRASKA

LINCOLN, Neb., June 28, 2018 /PRNewswire/ --Nelnet (NYSE: NNI) today announced it has filed an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank.

Key Points: 
  • LINCOLN, Neb., June 28, 2018 /PRNewswire/ --Nelnet (NYSE: NNI) today announced it has filed an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Nelnet Bank, a Utah-chartered industrial bank.
  • If the charter is granted, Nelnet Bank would operate as an internet bank franchise with a home office in Salt Lake City.
  • Nelnet Bank would be a separate subsidiary of Nelnet, and the industrial bank charter would allow the company to maintain its other diversified business offerings.
  • Nelnet has hired Andrea Moss to lead the application process, and then Nelnet Bank if the charter is granted.

Nelnet Mourns the Death of Board Vice Chairman Stephen Butterfield

Retrieved on: 
Tuesday, April 17, 2018
Nelnet, Student financial aid, New York Stock Exchange, Lincoln, Nebraska, Butterfield, NNI, NEBRASKA, United States

LINCOLN, Neb., April 17, 2018 /PRNewswire/ --Nelnet (NYSE: NNI) is mourning the death of co-founder and Board Vice Chairman Stephen F. Butterfield, who passed away on April 16, 2018, following heart complications.

Key Points: 
  • LINCOLN, Neb., April 17, 2018 /PRNewswire/ --Nelnet (NYSE: NNI) is mourning the death of co-founder and Board Vice Chairman Stephen F. Butterfield, who passed away on April 16, 2018, following heart complications.
  • "Our company is heavy hearted today as we reflect on Steve's compassionate inspiration that became the soul of Nelnet," said Chief Executive Officer Jeff Noordhoek.
  • Butterfield was instrumental in the formation of the Nelnet Foundation and Nelnet Scholars program.
  • Nelnet (NYSE: NNI) is a diversified and innovative company focused on offering educational services, technology solutions, telecommunications, and asset management.