Since August 2009, the average cost of payday loans, GoodMoney helped consumers across Wisconsin save more than $ 1 million in taxes, giving the nonprofit organization of payday loan alternative. Prospera Credit Union offers its solution turnkey GoodMoney to credit unions nationwide. Helping consumers save $ 1 million in contributions from payday loan is an important and exciting step for GoodMoney
Many people who use the payday loans never see the end of the cycle of debt. Our goal is that consumers have the option of using a nonprofit organization of payday loans alternative to traditional loan of attention everywhere non-profit organization offers.
The reality is, that while not an ideal solution for consumers, payday loans are undoubtedly a product consumers want and need.In Wisconsin, the number of stores in payday loan increased from 18 in 2008, 542 payday lenders wrote $ 723 million U.S. in loans. And "well within the mission of credit unions to provide a solution to consumers in the short term loan needs.
Appleton, Wisconsin (PRWEB) September 30, 2009 - The nationally recognized GoodMoney ® alternative payday loan has reached an exciting finale. Since August 2009, the average cost of payday loans, GoodMoney helped consumers across Wisconsin save more than $ 1 million in taxes, giving the nonprofit organization of payday loan alternative. In October 2008, Prospera Credit Union began offering its turnkey solution GoodMoney to credit unions nationwide
"Helping consumers save $ 1 million in contributions from payday loan is an exciting and important step GoodMoney," said Ken Eiden, CEO of Prospera Credit Union. "Many people who use the payday loans never see the end of the cycle of debt. Our goal is that consumers have the option of using a nonprofit organization lending alternative to payday loans Traditional care everywhere nonprofit - NPI is offered.
GoodMoney offers low-cost alternatives for consumers who want a short term loan. The program also stresses financial education, creating a more informed borrower, and access to other financial products to increase their financial stability. Given the current economic climate and the cost of predatory lending, pay day, is the right time to help people find alternatives. The Center for Responsible Lending (CRL) estimates that the cost of payday loans U.S. 4.2 billion U.S. $ a year and pay day average borrower paid $ 793 asking $ 325.
"The reality is, that while not an ideal solution for consumers, payday loans are undoubtedly a product consumers want and need," said Eiden. "In Wisconsin, the number of establishments payday loan increased from 18 in 2008, 542 payday lenders wrote U.S. $ 723 million in loans. And 'well within the mission of credit unions to provide a solution to consumer loans short term needs. In the past three years, over 19,000 loans have been processed to GoodMoney payday loans for a total of nearly 7 million U.S. dollars. The savings in these types of loans may potentially be reinvested in local communities and especially to help consumers reduce their debt and start saving for your future. GoodMoney turnkey solution to credit unions offered nationwide
In October 2008, Prospera Credit Union announced it will offer its turnkey solution GoodMoney to credit unions nationwide. For a reasonable start-up fees, credit unions have access to comprehensive training, support, advertising and marketing. Also included is a custom software provided by CU *. answers To date, four credit unions out of Northeast Wisconsin, have signed on to offer the product GoodMoney: Superior Choice Credit Union, Superior Wis., Delta County Credit Union, Escanaba, Michigan Credit Union Frankenmuth, Frankenmuth, Michigan, and the Tri -- Rivers Federal Credit Union in Montgomery, Alabama, About GoodMoney
GoodMoney began as a collaborative effort with Prospera Credit Union, Goodwill Industries of North Central Wisconsin and the Financial Information and Service Center (FISC), in 2005. Prospera GoodMoney has received national attention from The New York Times and USA today. He also received the credit industry in the EU Herb Wegner Memorial Award and spurred numerous requests for credit unions across the country.
About Prospera Credit Union
Prospera Credit Union is a community credit union with five full service branches and approximately 15,000 members throughout Northeast Wisconsin. The mission of Prospera is to help people to prosper economically to improve their quality of life.
Many people who use the payday loans never see the end of the cycle of debt. Our goal is that consumers have the option of using a nonprofit organization of payday loans alternative to traditional loan of attention everywhere non-profit organization offers.
The reality is, that while not an ideal solution for consumers, payday loans are undoubtedly a product consumers want and need.In Wisconsin, the number of stores in payday loan increased from 18 in 2008, 542 payday lenders wrote $ 723 million U.S. in loans. And "well within the mission of credit unions to provide a solution to consumers in the short term loan needs.
Appleton, Wisconsin (PRWEB) September 30, 2009 - The nationally recognized GoodMoney ® alternative payday loan has reached an exciting finale. Since August 2009, the average cost of payday loans, GoodMoney helped consumers across Wisconsin save more than $ 1 million in taxes, giving the nonprofit organization of payday loan alternative. In October 2008, Prospera Credit Union began offering its turnkey solution GoodMoney to credit unions nationwide
"Helping consumers save $ 1 million in contributions from payday loan is an exciting and important step GoodMoney," said Ken Eiden, CEO of Prospera Credit Union. "Many people who use the payday loans never see the end of the cycle of debt. Our goal is that consumers have the option of using a nonprofit organization lending alternative to payday loans Traditional care everywhere nonprofit - NPI is offered.
GoodMoney offers low-cost alternatives for consumers who want a short term loan. The program also stresses financial education, creating a more informed borrower, and access to other financial products to increase their financial stability. Given the current economic climate and the cost of predatory lending, pay day, is the right time to help people find alternatives. The Center for Responsible Lending (CRL) estimates that the cost of payday loans U.S. 4.2 billion U.S. $ a year and pay day average borrower paid $ 793 asking $ 325.
"The reality is, that while not an ideal solution for consumers, payday loans are undoubtedly a product consumers want and need," said Eiden. "In Wisconsin, the number of establishments payday loan increased from 18 in 2008, 542 payday lenders wrote U.S. $ 723 million in loans. And 'well within the mission of credit unions to provide a solution to consumer loans short term needs. In the past three years, over 19,000 loans have been processed to GoodMoney payday loans for a total of nearly 7 million U.S. dollars. The savings in these types of loans may potentially be reinvested in local communities and especially to help consumers reduce their debt and start saving for your future. GoodMoney turnkey solution to credit unions offered nationwide
In October 2008, Prospera Credit Union announced it will offer its turnkey solution GoodMoney to credit unions nationwide. For a reasonable start-up fees, credit unions have access to comprehensive training, support, advertising and marketing. Also included is a custom software provided by CU *. answers To date, four credit unions out of Northeast Wisconsin, have signed on to offer the product GoodMoney: Superior Choice Credit Union, Superior Wis., Delta County Credit Union, Escanaba, Michigan Credit Union Frankenmuth, Frankenmuth, Michigan, and the Tri -- Rivers Federal Credit Union in Montgomery, Alabama, About GoodMoney
GoodMoney began as a collaborative effort with Prospera Credit Union, Goodwill Industries of North Central Wisconsin and the Financial Information and Service Center (FISC), in 2005. Prospera GoodMoney has received national attention from The New York Times and USA today. He also received the credit industry in the EU Herb Wegner Memorial Award and spurred numerous requests for credit unions across the country.
About Prospera Credit Union
Prospera Credit Union is a community credit union with five full service branches and approximately 15,000 members throughout Northeast Wisconsin. The mission of Prospera is to help people to prosper economically to improve their quality of life.
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