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KETTERING, Ohio — “Stretch Pay,” one of the payday alternatives favored by a group of Midwest and Maryland credit unions plus two leagues, is gaining in popularity this summer and now has the backing 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 simply going over exceptionally well with the public and saving them tremendous amounts that would have been grabbed by the payday shops,” said Burke in describing the “Stretch Pay” progress.

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