USA Today notes CUs' payday alternatives
WASHINGTON (12/4/06)--USA Today continues to keep track of credit unions and their alternatives to payday lending.
In covering last week's report from the Center for Responsible Lending on payday lending, the national daily paper mentioned the program from State Employees' CU, Raleigh, N.C., and noted that "Many credit unions are already offering payday alternatives."
The program from the $13.6 billion asset credit union has been cited before in USA Today--in an editorial and a feature story that included Prospera CU, Appleton, Wis., and Wright-Patt CU, Fairborn, Ohio.
The Center for Responsible Lending, which is affiliated with Self-Help CU in Raleigh, N.C., reported that payday loans cost consumers $4.2 billion per year (News Now Dec. 1).
More CU/System
News Now LiveWire
- Iowa Gov. Terry Branstad credited Dupaco Community CU for its role in helping an Iowa small business grow and create jobs. - 4 hours ago
- Iowa Gov. Terry Branstad visits Dupaco Community CU, notes CU's role in helping small bizzes grow & creating jobs in state. - 5 hours ago
- Gunman killed Friday in shootout w/ police outside PBC CU, West Palm Beach, Fla., I.D.'d as Christopher Brown, 18. No one hurt inside CU. - 5 hours ago
- In Wash Post article on ?end of Fannie and Freddie,? CUNA?s Hampel says CUNA, CUs are working on contingency plans. http://t.co/bzmi57mY - 6 hours ago
- John Bell, an employee of NC Community FCU, has announced his candidacy for the NC House of Representatives. - 3 days ago
- See all our Tweets and sign up; News Now LiveWire on Twitter
