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 nationwide Federation of Community developing Credit Unions have selected six credit unions in five states to produce and develop alternatives to high-cost “payday” loans for customers.

Beginning year that is early next the lender will be able to work aided by the credit unions in Ca, Illinois, Louisiana, nyc and Ohio to simply help low-income consumers whom now use short-term loans to transport them over until their next paycheck. Continue reading “Six Credit Unions Selected to look for Payday Loan Alternatives”