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SELCO Debuts New Payday Loan Outlet; Serendipitous Timing With Governor's Announcement

Bent on reaching out to young and "less affluent" borrowers with payday alternatives, SELCO Community Credit Union has opened a separate branch-type facility in nearby Springfield to draw new members while soliciting the nontraditional loans.

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EUGENE, Ore. — Bent on reaching out to young and “less affluent” borrowers with payday alternatives, SELCO Community Credit Union has opened a separate branch-type facility in nearby Springfield to draw new members while soliciting the nontraditional loans.

The new “Lending Outlet,” as it is called, is located in a former bank building and was formally opened last week with more such facilities planned for future sites in the 11-branch SELCO market of central and western Oregon.

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