KETTERING, Ohio — “Stretch Pay,” one of the payday alternativesfavored by a group of Midwest and Maryland credit unions plus twoleagues, is gaining in popularity this summer and now has thebacking of a new nonprofit CU co-op, the chairman of the entity,William Burke, president/CEO of Day Air CU said today.

“This is not a money maker but it is a product that is simplygoing over exceptionally well with the public and saving themtremendous amounts that would have been grabbed by the paydayshops,” said Burke in describing the “Stretch Pay” progress.

Burke is chairman of the entity, Credit Union Outreach SolutionsInc., that now has 30 dues paying members plus the Ohio andWisconsin Credit Union Leagues.

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

  • Critical 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 and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.