CEFCU's 'Quick Advance' Provides Ready Cash

PEORIA, Ill. - CEFCU has rolled out its own payday loan product, a 31-day loan at 18%.

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Members can borrow up to $500 four times a year, with no credit check and instant approval, with CEFCU's Quick Advance. Members have up to 31 days to repay the loan. Interest on a $350 Quick Advance for 31 days is $5.35. That compares to $51.07 of fees and interest charges on the average payday loan of $350 in Illinois. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


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