Implementing a small-dollar loan program at your credit union has numerous benefits. But what about the possible negative of being viewed as a predatory lender?
Small-dollar loans from credit unions can help many member segments. Read on to learn who is most affected—and why.
Implementing small-dollar loan programs at credit unions affects more than just low-income members. Read on to learn who small loans can help.
Most credit union small-dollar loan programs assist people who are too cash-strapped to make large purchases. Can quick loans convert short-term borrowers into traditional ones?
During emergencies and disasters, resources are tight. Should credit unions offer quick small loans to their members?
Small-dollar loan programs from credit unions can help their members during difficult times. Learn more to find out how you can make this service known to your credit union community.
Without a buffer of money in a savings or deposit account, most Americans are in danger of running out of money at the first setback.
Currently, disagreements over funding for Donald Trump’s proposed border wall have partially shut down the U.S. government. In this article, we’ll explore what that shutdown means for government employees. We’ll also suggest how credit unions can support their government employee members during the shutdown by offering quick, small loans. Regardless of your political leanings, one […]
Many credit unions are responsible for the financial health and employee wellness of two employee groups: their own employees and the employees of their SEG sponsors. It only makes sense then that these credit unions should promote financial wellness among both employee groups. Financial hardship has a negative impact on employee productivity in the short-term, […]
According to a recent survey conducted by CareerBuilder, eight out of 10 Americans live paycheck to paycheck. They are not able to save money for an unexpected expense. Most financial advisors recommend three to six months of living expenses in a savings account. Yet, 35% of Americans have fewer than $500 in savings. If you […]