Do Ohio credit unions offer cheaper short-term loans?
March 1, 2008 | Ohio, Springfield News Sun, alternatives, industry, media coverage | Comments (0)The story below describes how credit unions in Ohio are getting into the short-term loan business. One credit union is offering an 18% loan, BUT with a $35 sign-up fee. The reporter didn’t bother to calculate the total cost of that type of loan compared to a payday advance. Lisa Ferguson of Checksmart Financial, a CFSA board member company, is quoted giving the industry point of view.
http://www.springfieldnewssun.com/hp/content/oh/story/news/local/2008/03/01/sns030208loans.html
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