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WHAT
PEOPLE ARE SAYING ABOUT US
"…These (payday lending) companies proliferate around
military bases and take advantage of inexperienced junior military
personnel by giving them easy loans to be repaid the next payday
(for a very hefty fee). When the lower-graded service member finds
that he or she cannot pay, the loan rolls over, sometimes for up
to a year, generating another “fee” payment to the lender
every time it rolls over. All too often the “fees” add
up to many times the amount of the original loan. Freeing service
members …from the clutches of such lenders is one of two major
and ongoing initiatives of The Pentagon Federal Credit Union Foundation
…Another major initiative that the Foundation is undertaking:
a program called Dream Makers, named for the American dream of home
ownership for all. The program is aimed at enabling enlisted personnel
and Department of Defense civilians to buy their first home with
grants of up to $5,000."
John T. Raines
"Pentagon Federal Credit Union Creates New Foundation"
Armed Forces Comptroller, Winter 2003
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