LAS VEGAS-NCUA Chairman Dennis Dollar tapped credit union leaders attending the Association of Union Pacific Credit Unions' 2003 annual conference in Las Vegas to extend service to low-income areas. According to Las Vegas Review-Journal, the chairman told leaders in the credit union community at the Imperial Palace Hotel that credit unions should not merely serve as payday loan alternatives, but also provide member business lending in those areas. Dollar touted the idea as part of his Access Across America initiative. "Yeah, it would be great to offer an 18% loan instead of a 200% loan, and that's noble in itself," the Review-Journal reported Dollar as saying. "But 10 years from now the guy is still doing payday loans." About 50 western railroad credit union CEOs attended the speech.
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