Credit Union Times reports on a partnership between two non-profit organizations that has opened a low-cost payday loan service within a large Goodwill store in Wisconsin. The $157 million, 15,000 member Prospera Credit Union just began a limited-service branch, called “Goodmoney”, in a 35,000 square foot Goodwill Industries superstore located in Darboy, Wisconsin. Through the Goodmoney facility, Prospera is offering payday-type loans at $9.50 per $100, a charge that is less than half of the fees charged by other payday lenders in the area. The North Central Wisconsin chapter of the widely-known Goodwill Industries organization hopes to expand the payday loan service to its 18 other branch facilities in the state, if the Darboy Goodmoney outlet proves successful.

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