The Coalition for Safe Loan Alternatives

The Coalition for Safe Loan Alternatives is made up of more than 25 community organizations, advocacy groups, local banks, and credit unions from across the country who work to develop safe and secure short-term loans for borrowers in need. One of its members, Employee Loan Solutions, has developed a product called TrueConnect, which offers short-term loans to consumers provided by Sunrise Banks of St. Paul, Minnesota and allows borrowers to pay back interest through payroll deductions.