NY Times reviews credit union payday loan alternatives

When Peggy Truckey of Appleton, Wisconsin had debts totaling $1,300 to several payday lenders in the area last year, she knew she was in trouble--until she found GoodMoney, a program offered a thrift store and a credit union.

“Our goal is to change behavior, to interrupt the cycle of debt,” said Ken Eiden, president of Prospera Credit Union, who is also a director at Goodwill.

The Aug. 28 New York Times has the story.