The $98 million Greater New Orleans Federal Credit Union has announced the roll out of a program designed to help members avoid having to use payday lenders.
Dubbed Safety Net Solutions, the program provides members with two savings related products: Safety Net Advance and Safety Net Savings, the credit union said.
Developed as a payday loan alternative, the program delivers additional safety features separating it from the financial pitfalls of conventional payday loans. In fact, this program is designed so members can break away from the high risks of the payday loan cycle and create good credit.
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