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REAL Solutions goes to New Jersey
HIGHSTOWN, N.J. (9/23/08)--The New Jersey Credit Union League and the New Jersey Credit Union Foundation have teamed up to assist low-wealth members in breaking the cycle of debt by bringing REAL Solutions to the state. League President Paul Gentile made the announcement Sunday at the league's annual convention. REAL Solutions is a program of the National Credit Union Foundation (NCUF) that provides "Relevant, Effective, Asset-building, and Loyalty-producing (REAL)" services. NCUF designed the program to work with state credit union leagues to help credit unions offer turnkey services, such as payday lending alternative loans, to members. "With the financial strife gripping America, there has never been a more important time for New Jersey credit unions to step up to help members in need of affordable financial services," said Gentile. The New Jersey foundation has committed to funding the program for the initial year. League staff will help manage the program and work with credit unions to develop REAL Solutions in their credit unions, with the help of a field coach assigned by NCUF. The New Jersey foundation is funded through credit union investments in the Community Investment Fund, and through direct donations. For more information, use the resource link.
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