Credit Unions discuss payday loans

In an article title, “What if Payday Loans Go Away?”, Credit Unions discuss our industry.

For example, Jim Blaine, CEO of the $18 billion State Employees’ Credit Union, headquartered in Raleigh, N.C., said he looks forward to the day when payday loans go away and that this may mean credit unions go back to doing more of the sorts of lending they used to do.

Well Jim, why don’t you offer short term loans today, if you want to help people so much? I suspect that you have easier ways of making money off of people.

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