Two long-term opponents of payday lending said that nine federal credit unions in five states continue to offer members payday loans with triple-digit interest rates.
Credit Union 24 has shortened its name to CU24 but broadened its vision of what it can offer an already crowded payments market.
By the 1990s, the lending landscape in South San Francisco had changed considerably since a group of teachers came together in 1954 to charter a new credit union for access to small, personal loans.
Depending on who’s offering an opinion, the Patient Protection and Affordable Care Act, commonly referred to as Obamacare by critics, is poised to either dismantle insurance coverage as we know it or will finally offer services to those who just don’t earn enough to pay for medical services.
Six months after Business Partners LLC, the member lending subsidiary founded by the failed Telesis Community Credit Union, changed owners, the CUSO is starting to emerge from a bleak and dark fog.
App will let cardholders lock, unlock, set alerts and thresholds.
At CUNA’s Governmental Affairs Conference last week in Washington, dozens of CUSOs set out to make their presence felt and their voices heard.
Surrounding the chocolates, roses and love-filled greeting cards that made the rounds in Washington on Valentine’s Day, was an announcement from Rep. Ed Royce (R-Calif.) re-introducing a bill that would increase the member business lending cap from 12.25% of assets to 27.5%.
Participation loans also seen as way to boost business as member business lending cap hike reintroduced again in Congress.
In a move to avoid duplication of services and to establish a more equitable pricing structure, the California Credit Union League and CURoots Cooperative said they are in discussions to transfer the CUSO’s ownership to the California League Services Corp.