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
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
4 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
6 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
7 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
7 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
7 hours ago