HARRISBURG, Pa. — The Pennsylvania Credit Union Association's effort to offer a payday lending alternative recently received a boost from the Pennsylvania Treasury.
PCUA has been working closely with the state Treasurer's office and the state Banking Department in developing the Credit Union Better Choice Program, a short-term loan alternative to traditional payday loans.
In late October, Treasurer Robert Casey Jr. committed a $20 million deposit to the program.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.