CONCORD, N.H. (1/7/08)--A Friday editorial in the Concord Monitor notes that New Hampshire credit unions offer alternatives for consumers to standard payday loans. The editorial said that the New Hampshire banking department has urged credit unions and other lenders to do more to meet the needs of consumers by offering alternatives to payday lenders. Payday lenders charge high interest rates that can plunge people into long-term or even permanent debt. Credit unions and others lender have responded, although there are not enough alternatives to meet the demand for easy-to-get unsecured credit, the editorial stated. Credit unions in the state tend to set minimum loan amounts of about $1,000, and some limit membership to select employee groups such as government workers or employees of participating companies. However, other credit unions can serve any New Hampshire resident, the editorial pointed out. It directed readers to the New Hampshire Credit Union League’s website for a list of credit unions. The editorial also urges quick passage of New Hampshire House Bill 267, which would cap the interest charged on payday and auto title loans at 36%.