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A decade ago, when borrowers needed quick cash in Wisconsin, they were more likely to get a short-term payday loan with a high interest rate. Now, chances are higher they’ll get a different type of loan that comes with its own risks.
Second chance checking accounts minimize banking barriers by providing disadvantaged groups a pathway for banking regardless of their history.
Madison, WI – July 13, 2021 – Effective today, UW Credit Union will cut its overdraft (OD) and nonsufficient funds (NSF) fees by more than 80%, from $30 per occurrence to $5. The simplified policy creates a meaningful reduction for members and supports national shifts designed to create more equitable banking. The average NSF/OD fee in the U.S. was more than $33 in 2020, up from $30 in 2010, according to Bankrate.com. UW Credit Union’s new, industry-low fee applies to all its accounts, including checking, savings and money market transactions. UW Credit Union will continue to prov...
Milwaukee pastor remembered after COVID fight: 'Forever grateful' Milwaukee pastor remembered after COVID fight Pastor Jerome Smith, co-founder of the Joseph Project, lost his battle with COVID-19 on April 27. He was 49 years old. MILWAUKEE - A champion for Milwaukee, Pastor Jerome Smith was remembered Friday, May 7 after losing his fight with COVID-19. He died at the age of 49 on April 27. Smith co-founded the Joseph Project with U.S. Sen. Ron Johnson's office. "This has been rough and tough for us," said Orlando Owens, a Joseph Project volunteer. "We will miss him but we will do the work ...