Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Pa. payday loans alternative saved 2 million in 07
HARRISBURG, Pa. (2/26/08)--Credit Union Better Choice loans saved Pennsylvania residents about $2 million in 2007, the Pennsylvania Credit Union Association announced. Since the program’s launch in October 2006, roughly 64 credit unions have agreed to offer the loans. Of the credit unions, 50 made 5,706 loans, totaling $2.7 million in volume (Life is a Highway Feb. 25). Pennsylvania consumers saved 80 cents in loan fees for every dollar borrowed through the program. Borrowers also placed a total of $273,432 into savings accounts. The association recently released first-year results from the program, which was developed in conjunction with the Pennsylvania Treasury Department.
Other Resources

RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
15 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
15 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
16 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
17 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
19 hours ago