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Oregon Governor applauds Oregon’s credit unions for cash advance options

Published by Tim Curran on Jul 28, 2006 | 0 remarks

Governor Ted Kulongoski held a press meeting at Unitus Community Credit Union yesterday to announce a resource that is new an endeavor to consumers avoid high-interest pay day loans.

The Credit Union Association of Oregon (CUAO) additionally the Department of customer & Business solutions (DCBS) developed a partnership earlier in the day this present year to deliver information towards the average man or woman about pay day loan options.

Starting in August, the CUAO and DCBS are sponsoring an education that is public about payday financing options, that will air on tv and r / c throughout Oregon. The general public training statement leads consumers to resources where they are able to find information on the short-term loan items Oregon credit unions are supplying.

Each one of the programs provided by participating credit unions through the entire state, including Unitus Community Credit Union, have considerably reduced rates of interest and charges than payday loan providers.

Oregon’s credit unions encourage their people to take part in a diverse number of free monetary training seminars and workshops, including cost management, managing a bank checking account, spending and understanding credit history and credit ratings, as well as looking for the credit union replacement for payday lending.

Angela Martin, 2nd from kept, Oregon State Rep. Jackie Dingfelder, Governor Ted Kulongoski, Unitus Chief Executive Officer Pat Smith, and Oregon State Rep. Jeff Merkley during the press seminar to announce customer loan alternatives held this week.

Pat Smith, CEO of Unitus Community Credit Union and co-chair of CUAO’s government affairs committee, said, “I know we speak with respect to all credit unions in this excellent state whenever I state that serving the monetary requirements of our community neighbors is our main  that is objective As not-for-profit banking institutions, we just simply take that fee seriously.”

Oregon’s credit unions treat this understanding campaign included in their bigger obligation to teach customers about monetary dilemmas to simply help them gain control over their funds and enhance their life.

The Credit Union Association of Oregon (CUAO) is just a nonprofit, expert trade relationship representing Oregon’s state- and federally-chartered credit unions. Since 1936, CUAO is at the forefront of credit union dilemmas during the state, local and nationwide degree, and offers a vocals for Oregon’s 1.3 million credit union people.

Unitus Community Credit Union is just a not-for-profit, member-owned lender serving individuals residing or involved in Multnomah, Washington, Clackamas, Marion , Polk, and Yamhill county.