Woodstock Institute - Corporate America Family CU Offers Payday Loan Alternative

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Corporate America Family CU Offers Payday Loan Alternative

Quick Cash Loans from Corporate America Family CU offer members a low cost alternative to predatory payday lending. This line of credit product gives members access to up $1,500 in emergency cash instead of getting a high cost payday loan, or expensive "bounce protection."

This flexible product gives borrowers the opportunity to payday over time, unlike the balloon payments common with traditional payday loans and the product is profitable for the bank. Membership is open to most residents of Cook County.

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