Wednesday, January 23, 2008

Credit Union, Bank Difference on Magnet Board!

This little ditty is circulating on the Internets. It's from Young & Free--Common Wealth Credit Union in Canada. They apparently have a new under 25 spokesperson. Her name is Larissa.

Saturday, January 12, 2008

Virginia Credit Unions Offer Payday Help's been awhile. Holidays. Work. School. Eeek. Time is money.

I came across this in the Washington Times newspaper. It spotlights how credit unions are picking up where payday lenders have left things a bit untidy:

"Mr. Noll's Langley Federal Credit Union is one of a growing number of credit unions, churches and nonprofit organizations that are providing low-cost cash advances as states, including Virginia, grapple with a growing payday loan industry and those left drowning in debt because of it."

And the reason behind the action:

"A credit union typically, almost always, will have the person's best interest in mind as opposed to making a profit off the person," Mr. Noll said. "We're a not-for-profit organization, and we truly exist to provide good service and act in the best interest of our membership."

Read the entire story here.