Coming to the rescue of younger members looking for help meeting higher education costs presents an opportunity for credit unions to shine.
The National Federation of Community Development Credit Unions announced a new program designed to help New York City area CDCUs offer payday loan alternatives last week.
Small NYC credit unions to be first to offer "Borrow and Save" loans.
It is not an understatement to say that the CARD Act has turned the credit card industry on its ear. But, credit unions, by maintaining their focus on offering the best card product available to members, can still be true to who they have always been.