Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Papers address alternative payday loans lending excellence
MADISON, Wis. (4/29/08)--Credit unions can learn how to develop a payday lending alternative program and about the 2007 Excellence in Lending Award winners in two new white papers from the CUNA Lending Council. “Payday Lending: The Credit Union Way” guides credit unions through the process of developing a payday-alternative loan program. The paper explains what payday loans are, who uses them, and possible alternatives to payday loans. The paper touches on options credit unions should consider when offering a short-term loan and includes an appendix to help with those decisions. The other white paper, “Building the Basics: 2007 Excellence in Lending Awards Recognize Results and Innovation,” describes the consumer lending, mortgage lending and lending to members of low-to-modest means programs of five credit unions: Sound CU, Tacoma, Wash.; 360 FCU, Windsor Locks, Conn.; Boulder Valley CU, Boulder, Colo.; Syracuse Cooperative FCU, Syracuse, N.Y.; and North Island CU, Chula Vista, Calif. CUNA Council members can receive complimentary copies of the papers; non-members can purchase the white papers for $50 per copy. For more information, use the links.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
12 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
15 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
15 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
16 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
17 hours ago