NEW YORK (7/8/10)--Credit unions are a good option for unbanked consumers, according to MSN.Money. In an article titled, “Think a bank won’t take you? What Now,” author Donna Freedman said that “some … credit unions are willing to work with people who have less-than-spotless financial histories.” The article mentions San Francisco-based Mission SF FCU member Mark Laws, who received a “payday alternative” loan from the credit union four years ago to clear up money problems he encountered after taking out payday loans elsewhere to cover overdrafts he incurred at Bank of America. Today, Laws has learned how to better manage his money and has improved his credit. “My credit union showed me there’s hope,” he told MSN.Money. In regard to helping consumers with troubled finances, credit unions are likely to be more flexible than banks, Mike Schenk, senior economist with the Credit Union National Association, told MSN.Money. The article directed readers to CUNA’s credit union locator. It also mentioned a woman who saw an ad on a bus for “Bank on Seattle-King County,” a program that helped get her into a credit union. To read the article, use the link.