Pennsylvania State Treasurer Rob McCord continues to rave about a credit union payday loan program that has reportedly saved members $15 million.
McCord visited the $125 million Cross Valley Federal Credit Union on Tuesday to hear how the Credit Union Better Choice program helped three women meet unexpected expenses, according to the Pennsylvania Treasury Department.
The Wilkes-Barre, Pa.-based credit union said it has issued 280 Better Choice payday loans to 101 members since 2007.
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.
