WASHINGTON (10/20/09)--Mike Wishnow, senior vice president of the Pennsylvania Credit Union Association (PCUA), will discuss the Credit Union Better Choice program Thursday at the Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Economic Inclusion’s Strategic Planning Subcommittee meeting at the FDIC headquarters in Washington, D.C. The meeting, which is closed to the public, will focus on how small-dollar loan programs can be scaled across mainstream financial institutions. As part of a panel, Wishnow will discuss the success of the Better Choice program and how credit unions have helped members with short-term loans rather than using payday lenders (Life is a Highway Oct. 19). The Better Choice program, which grew out of a collaborative effort between PCUA and the Pennsylvania Treasury Department, offers short-term loans that help people make the transition away from high-cost payday loans to fairly priced credit union services (News Now April 10). Several executives from other banks nationwide also will participate on the panel, which will be moderated by Rae-Ann Miller, special adviser to the director, Division of Insurance and Research for the FDIC. This is the second presentation PCUA has made to the FDIC on the program. In March 2007, Norb Kaczmarek, CEO of Erie FCU and then board chairman of the PCUA, was joined by Wishnow to make a presentation on the payday lending alternative program to the FDIC Advisory Committee on Economic Inclusion. The committee was established by FDIC Chairman Sheila C. Bair and the FDIC board of directors and includes high-ranking banking officials, regulators, educators, and business and community leaders.