METAIRIE, La. (11/30/09)--Greater New Orleans FCU (GNOFCU) has introduced a new program--Safety Net Solutions--for members whose financial futures may be without any sense of security. The program provides members with two products: Safety Net Advance and Safety Net Savings. Developed as a payday loan alternative, the program delivers additional safety features that separate it from the financial pitfalls of conventional payday loans. The program is designed so members can avoid the high risks of the payday loan cycle and build good credit. The maximum Safety Net Advance allowed is $300 with a 30-day repayment term. After three months, participants must complete a BALANCE Financial Fitness training module to continue to participate in the Safety Net Solutions Program. Safety Net Savings helps members develop healthy savings habits, GNOFCU said. With each cash advance, 10% will be automatically deposited in a savings account. Once $500 is accrued, GNOFCU will release $250 for withdrawal. The savings account earns interest, but does not allow ATM access. The goal is to have members create stable savings habits, and to set aside enough money for a secured share loan to establish good credit. GNOFCU, based in Metairie, La., has more than $97 million in assets.