Superior credit union provides option to pay day loans

Superior credit union provides option to pay day loans

After 5 years of fighting for state laws on predatory lending, Superior leaders could have discovered a remedy to breaking the unpredictable manner of payday loans.

It don’t result from Madison or by town decree.

The treatment originated from a regional credit union.

A product similar to a payday loan at half the price by January, Superior Choice Credit Union will be offering Good money loans.

“It is a great answer that is private-sector predatory lending,” stated Superior Mayor Dave Ross. “You’re doing cutting-edge things here for the poorest borrowers in the neighborhood.”

“we are going for a chance,” stated Gary Elliott, SCCU president.

Predatory financing has a strong foothold in Wisconsin, the state that is only paydayloan4less.com sign in the world without any regulations from the training. More