Trusted News for Credit Union Leaders • May 18, 2013
The National Federation of Community Development Credit Unions said it will unveil a new program Monday that will offer allow New York CDCUs to offer an alternative to the short-term, high-interest “payday” loans.
Dubbed “Borrow and Save”, the program will offer “small, non-predatory loans” along with a savings opportunity, the federation said.
The federation plans to unveil the program at a news conference Monday morning in New York City.
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
Credit Union Times is the nation’s leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.
Sarah Cooke 
Don Shoultz 
Marc Rapport 
