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Oregon Governor applauds OregonвЂ™s credit unions for pay day loan options
Published by Tim Curran on Jul 28, 2006 | 0 feedback
Governor Ted Kulongoski held a press meeting at Unitus Community Credit Union yesterday to announce a brand new resource in an endeavor to customers avoid high-interest payday advances.
The Credit Union Association of Oregon (CUAO) while the Department of customer & company solutions (DCBS) developed a partnership previously this current year to produce information towards the public that is general pay day loan options.
Starting in August, the CUAO and DCBS are sponsoring a general public training announcement about payday financing options, that will air on tv and r / c throughout Oregon. The education that is public leads customers to resources where they are able to find information regarding the short-term loan products Oregon credit unions are supplying.
All the programs provided by participating credit unions through the state, including Unitus Community Credit Union, have somewhat reduced interest levels and costs than payday loan providers.
OregonвЂ™s credit unions encourage their users to take part in an easy array of free economic training seminars and workshops, including cost management, handling a bank checking account, spending and understanding credit history and fico scores, as well as searching for the credit union substitute for payday lending.
Angela Martin, 2nd from kept, Oregon State Rep. Jackie Dingfelder, Governor Ted Kulongoski, Unitus ceo Pat Smith, and Oregon State Rep. Jeff Merkley during the press seminar to announce customer loan alternatives held this week.
Pat Smith, CEO of Unitus Community Credit Union and co-chair of CUAOвЂ™s government affairs committee, said, вЂњI know we speak with respect to all credit unions in this excellent state once I state that serving the monetary needs of y our community next-door next-door neighbors is our primary goal.Г‚ As not-for-profit finance institutions, we just just take that cost seriously.вЂќ
OregonвЂ™s credit unions treat this understanding campaign as an element of their bigger obligation to coach customers about economic problems to greatly help them gain control over their funds and boost their life.
The Credit Union Association of Oregon (CUAO) is just a nonprofit, expert trade relationship representing OregonвЂ™s state- and federally-chartered credit unions. Since 1936, CUAO happens to be in the forefront of credit union dilemmas during the state, local and level that is national and offers a vocals for OregonвЂ™s 1.3 million credit union users.
Unitus Community Credit Union is really a not-for-profit, member-owned lender serving individuals residing or involved in Multnomah, Washington, Clackamas, Marion, Polk, and Yamhill county big picture loans title loans.