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This you are searching for Inc., outstanding installment loans serving households like theirs a brighter tomorrow.

This you are searching for Inc., outstanding installment loans serving households like theirs a brighter tomorrow.

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Without a doubt about RedDough assumes on Payday Lending

Without a doubt about RedDough assumes on Payday Lending

St. Louis Community Credit Union measures up to assist low earnings residents.

The blend of persistent poverty and state that is little has made St. Louis “a hotbed for fringe banking, check cashing and payday lenders” asking the average 450 % APR to borrowers whom can minimum manage it, states Patrick Adams, CEO of St. Louis Community Credit Union.

Which makes the town outstanding spot to test out just exactly just exactly how better to counter predatory lending, and $260 million St. Louis Community CU has stepped as much as the task. During 2009, the CU established Prosperity Connection, a nonprofit economic training company, which often has partnered with community and faith-based teams and personal funders, including banking institutions planning to satisfy their Community Reinvestment Act needs, to create the RedDough Money Center.

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