A new white paper examines loan options for members who have experienced financial setbacks for the first time in their lives.

Offered through the CUNA Lending Council, the “Lending to the Newly Credit-Challenged: A Second Chance for First-Time Defaulters” paper outlines additional planning and action steps to help members regain their financial footing and to help credit unions put their “people helping people” mission into action in a way that sets them apart in the financial services marketplace without increasing delinquencies and charge-offs.

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