Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.