From the story: 

The consumer group Coalition of Religious Communities charged today that eight Utah-based credit unions are offering predatory payday loan-type products to members, and it wants them to stop.

In response, Scott Simpson of the Utah League of Credit Unions said the interest rates offered on the short-term loans are about half the 521 percent average annual rate charged by payday lenders.

“For years, consumer advocates have asked credit unions to come up with an alternative to payday loans, and now we are being attacked for doing just that,” he said.

Well cry me a river.