The $98 million Greater New Orleans Federal Credit Union has announced the roll out of a program designed to help members avoid having to use payday lenders.
Dubbed Safety Net Solutions, the program provides members with two savings related products: Safety Net Advance and Safety Net Savings, the credit union said.
Developed as a payday loan alternative, the program delivers additional safety features separating it from the financial pitfalls of conventional payday loans. In fact, this program is designed so members can break away from the high risks of the payday loan cycle and create good credit.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
