Cooperative Credit: How Community Development Credit Unions are Meeting the Need for Affordable, Short Term Credit
Publication Date: May 2007
Publisher(s): Woodstock Institute (Chicago, Ill.)
Author(s): Marva Williams
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Consumer protection; Community economic development; Payday loan (PDL)
Coverage: United States
This report summarizes an 18-month evaluation of the affordable payday loan alternative products offered by six community development credit unions. In addition to describing loan activity, the report identifies the financial and operational factors that account for the program's success.