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
#NewsNow: Wal-Mart to issue EMV MasterCards within next few weeks. http://t.co/9csqwhFEdB
22 minutes ago
#UMich consumer confidence index bounces back in August http://t.co/LJ1l7mk4Ty
53 minutes ago
IPSOS survey: Canada's #creditunions top for member service 10th consecutive year @CanadianCentral http://t.co/dSipMd4qnz
1 hours ago
#NewsNow Home-state visits connect lawmakers, credit unions http://t.co/Ti7HdH9gFo
1 hours ago
#NewsNow: IOSCO head says the next major financial shock will come from a cyberattack. http://t.co/CrtMdYuTqY
1 hours ago