Costco, the discount merchandise warehouse, is planning to expand its financial offerings with a test pilot for mortgages and student loans.
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The warehouse giant has already been expanding into financial services with boat and recreational loans, credit cards, health and auto insurance, and Sharebuilder investing services.
Over the past year Costco has been testing a mortgage program in partnership with New Jersey-based First Choice Bank along with 10 other lenders to provide a full-service home loan program.
Costco has already written more than 10,000 mortgages for its members.
