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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 commentary
Governor Ted Kulongoski held a press seminar at Unitus Community Credit Union yesterday to announce a resource that is new an endeavor to customers avoid high-interest payday advances.
The Credit Union Association of Oregon (CUAO) and also the Department of customer & company Services (DCBS) developed a partnership earlier in the day in 2010 to give you information to your average man or woman about pay day loan options.
Starting in August, the CUAO and DCBS are sponsoring a general public training statement about payday financing options, that will air on tv and r / c throughout Oregon. The education that is public leads consumers to resources where they could locate details about the short-term loan items Oregon credit unions are supplying.
Each one of the programs offered by participating credit unions through the entire state, including Unitus Community Credit Union, have actually somewhat reduced interest levels and costs than payday loan providers.
OregonвЂ™s credit unions encourage their people to be involved in an extensive variety 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 looking for the credit union substitute for lending that is payday.
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 meeting to announce consumer 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 great state once I say that serving the monetary requirements of y our community next-door neighbors is our main goal.Г‚ As not-for-profit finance institutions, we simply take that fee seriously.вЂќ
OregonвЂ™s credit unions treat this understanding campaign included in their bigger duty to coach customers about monetary dilemmas to assist them to gain control of their funds and enhance their everyday lives.
The Credit Union Association of Oregon (CUAO) is just a nonprofit, expert trade association representing OregonвЂ™s state- and federally-chartered credit unions. Since 1936, CUAO happens to be during the forefront of credit union problems during the state, local and level that is national and offers a sound for OregonвЂ™s 1.3 million credit union members.
Unitus Community Credit Union is a not-for-profit, member-owned institution that is financial individuals residing or involved in Multnomah, Washington, Clackamas, Marion, Polk, and Yamhill county.