APPLETON, Wis. (10/22/08)--Prospera CU of Appleton, Wis., is offering its GoodMoney not-for-profit payday loan alternative to credit unions nationwide. So far, Superior Choice CU, Superior, Wis., and Delta County CU, Escanaba, Mich., have committed to offering the program. GoodMoney costs half of a typical payday loan. With a start-up fee, credit unions can access training, advertising support, marketing materials and customized software offered by CU*Answers, Prospera said in a release. “GoodMoney provides lower-cost alternatives to consumers looking for a short-term loan,” said Lois Kitsch, national program director for the National Credit Union Foundation’s REAL Solutions program. “The program encourages financial education, creating a more informed borrower, and access to other financial products to increase their financial stability.” GoodMoney was launched in 2005 as a collaborative effort between Prospera and Goodwill Industries of North Central Wisconsin, and Financial Information and Services Center. More than 12,000 GoodMoney loans have been processed for loans totaling more than $4.5 million. Payday lending costs Americans $4.2 billion annually, and the average borrower pays $793 to borrow $325, according to the Center for Responsible Lending.