Small CU, Big Plans: MBLs To Stimulate Economy

Bartlett, Michael
June 2011
Credit Union Journal;6/20/2011, Vol. 15 Issue 23, p70
Trade Publication
The article reports on the effort of small credit unions of Los Angeles, California to use business loans to stimulate economy. It states that Golden State Financial Services, a credit unions service organization (CUSO) formed by Pacoima Development Federal Credit Union (PDFCU) and Valley Economic Development Center (VEDC) aims to help small credit unions offer Small Business Administration members' loans. According to PDFCU manager Antonio Pizano, it will help consumers to avoid payday lenders.


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