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Pennsylvania CUs Make Almost 15,000 Payday Alternative Loans, Association Says

Credit unions participating in the Credit Union Better Choice program have made almost 15, 000 loans to consumers seeking an alternative to higher cost payday loans, according to the Pennsylvania Credit Union Association.

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Credit unions participating in the Credit Union Better Choice program have made almost 15, 000 loans to consumers seeking an alternative to higher cost payday loans, according to the Pennsylvania Credit Union Association.

“As many Pennsylvanians feel squeezed in our rough economy, the ongoing usage of the Credit Union Better Choice program indicates that consumers need access to low-cost short term loans. I’m pleased that they can turn to a credit union to fulfill that need in a fairly priced way,” said Jim McCormack CEO of the PCUA.

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