How Credit Unions Can Justify APRs over 18% for Small-Dollar Loans
Credit unions offer many types of loans, most of which cap well below an 18% APR. Read on to learn why higher interest rates make sense for small-dollar loans.
Read More
What Are the Regulatory Implications of Implementing a Small-Dollar Loan Program?
The American financial regulatory landscape is preparing for massive changes to small-dollar lending programs. What does this mean for your credit union?
Read MoreHow Do Most Credit Unions Currently Offer Small-Dollar Loans
Regardless of obstacles, credit unions should still consider offering small-dollar loan services to their members. While the quick loan industry’s reputation was tarnished by predatory lenders, the service itself is increasingly necessary.
Read MoreWhat are the Most Common Reasons Credit Union Members Use Small Dollar Loans?
Without a buffer of money in a savings or deposit account, most Americans are in danger of running out of money at the first setback.
Read More