Reader's view: Consider using credit unions
Recent stories relative to people in crisis resorting to high-cost payday loans are very concerning to me.
When I think about the history and purpose of community credit unions, I am prompted to ask why these folks do not consider membership in a credit union in times of need. Credit unions have been a part of communities to provide financial services for low-income people in need. Perhaps these people who seek payday loans do not realize it’s easy to join a credit union, which provides financial services for the betterment of its members and the community as a whole.
Credit unions were created to serve those who are in need of financial services and the savings can be substantial.