Is your credit union interested in setting up a VITA site for the community? Learn how they work, who to partner with, and how they save CU members and others money during tax time.
NCUF’s Steve Bosack interviews Jim Drogue, Vice President of Credit Union Development at the Wisconsin Credit Union League about Volunteer Income Tax Assistance sites.
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If you haven’t read this report released by Filene Institute, I suggest you do. In fact, I’m looking for comments on the question raised in this research report.
The researchers, Stuart Hart and Monica Touesnard from Cornell University, have provided us with sustainability initiatives that credit unions and other financial institutions have implemented that have and could “simultaneously benefit members, their communities, and credit unions’ bottom lines.”
// Payday Lending
Written by Nancy Pierce Real Solutions Field Coach
The payday lending industry has enjoyed exponential growth over the last 12 years. Estimates of payday loan volume range from $28 billion to over $40 billion per year.
// Payday Lending
Doug tells the story of a real member’s struggle to make ends meet, and leads to this fact: “If someone’s going to offer an alternative to payday lenders it’s got to be credit unions because no one else is going to do it.” Also, here is a recent quote of Doug’s regarding REAL Solutions…
“Real Solutions has been an integral part of the success of StretchPay. In fact, StretchPay would not nearly be the success it is today without the involvement of Real Solutions. They good folks at Real Solutions gave StretchPay a voice in the national credit union community it could not have attained on its own. Real Solutions is as much a part of the success of StretchPay as are the credit unions offering the valuable payday loan alternative.”
// Loans & Credit
Credit cards represent a product area where credit unions are demonstrating their philosophy of people helping people through concrete action.
// Emerging Markets
Government Employees FCU CEO Carla Decker talks about the long-term implications of engaging and empowering immigrants with financial services and development.
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