Superior credit union provides option to pay day loans

Superior credit union provides option to pay day loans

After 5 years of fighting for state laws on predatory lending, Superior leaders might have found a remedy to breaking the unpredictable manner of payday loans.

It don’t result from Madison or by town decree.

The treatment originated from a regional credit union.

A product similar to a payday loan at half the price by January, Superior Choice Credit Union will be offering Good money loans.

„It is an excellent answer that is private-sector predatory lending,“ stated Superior Mayor Dave Ross. „You’re doing cutting-edge things right here for the poorest borrowers in the neighborhood.“

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