San Antonio City Employees To Open Inside Goodwill Store

Published October 22, 2007, 1:00 a.m. EDT

Updated August 27, 2020, 1:35 a.m. EDT

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SAN ANTONIO - San Antonio City Employees FCU plan to open a branch inside a Goodwill Industries store here. The branch follows renovations to the expanded facility, which also includes a Job Help Center. According to Goodwill, the credit union will provide short-term borrowing solutions, payroll check-cashing, financial literacy counseling, and other services. The 18,000-square-foot facility is one of the largest Goodwill stores in the country, and it sells more than 20,000 pieces of clothing weekly from the 14 to 21 truckloads of items it receives each week.

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Credit Unions Get A Plug On National Public Radio

CHICAGO-A report aired by National Public Radio on alternatives to payday lending included prominent mention of credit unions. The story, by Cheryl Corley, included an interview with 32-year-old Felisha Wilbourne who shared how borrowing $200 had cost her $275 just two weeks later. The story noted that Wilbourne is now a member of Northside Community Federal Credit Union in Chicago. Ed Jacob, a director with Northside, was featured in the report noting that he had seen some people paying APRs of more than 600%. Northside offers a $500 loan that can be paid back over six months, Jacob said.

Leslie Parish, a researcher for the Center for Responsible Lending, was quoted as saying, "There are some credit union products out there where they lowered the interest rate," Parish says. "They still make the loan due in two short weeks, which causes people to continually take out loans just like they did with the payday lender."