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Springfield church, credit union create pay day loan options for area poor

Springfield church, credit union create pay day loan options for area poor

Jennifer Trogdon walks away from money Express nearby the intersection of nationwide Avenue and Battlefield path on Tuesday after creating a re re re payment for a loan that is payday. (Picture: Andrew Jansen/News-Leader) Purchase Picture

The payment issued a proactive approach for the community’s monetary and nonprofit sectors: Work collaboratively to give lower-interest, alternative loan choices.

CU Community Credit Union President and CEO Judy Hadsall announces that using a $1.9 million grant CU Community Credit Union receives, they truly are producing payday lending alternatives in very very very early 2016. (Picture: Nathan Papes/News-Leader)

Up to now, two Springfield-based companies have actually devoted to doing exactly that.

University Heights Baptist Church people dug in their pouches to boost $6,000 when it comes to “University Hope” account at academic Community Credit Union on East Grand Street.