LAS VEGAS – Two innovative credit union models to counter payday lending, one in Ohio and the other in Wisconsin, are showing volume growth while also drawing favorable public attention.
Providing progress reports here on both, the co-op Stretch Pay CUSO venture in Dayton/Columbus and the GoodMoney/Goodwill branch in Appleton, Wis. were CEOs from the founding CUs making panel presentations at CUNA Mutual Group's annual Discovery conference last week.
"We are the guys with the white hats," declared William Burke, president of Day Air FCU in Kettering, Ohio in detailing plans for an Ohio CUSO which will offer a branded payday product across the western part of the state this year. It will consist of 10 CUs.
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