Six Credit Unions Selected to look for Payday Loan Alternatives

Six Credit Unions Selected to look for Payday Loan Alternatives

NEW YORK–( COMPANY WIRE )–Nov. 10, 2004–JPMorgan Chase & Co. together with National Federation of Community developing Credit Unions have actually selected six credit unions in five states to produce and develop options to high-cost “payday” loans for customers.

Beginning early the following year, the lender is going to work with all the credit unions in Ca, Illinois, Louisiana, nyc and Ohio to simply help low-income customers whom now utilize short-term loans to transport them over until their next paycheck. Continue reading “Six Credit Unions Selected to look for Payday Loan Alternatives”