A low-income credit union has uncloseed an office in Biloxi.

A low-income credit union has uncloseed an office in Biloxi, providing an alternative to what union spokespeople said are "predatory" lender who charge exorbitant interest rates.

reliance Community Credit Union, which explained the office to serve the six coastal counties, is a nonprofit community exhibition financial institution that offers a six-month naught interest loan for business, nonprofit and personal rebuilding. After the six month the loans are subsidized below market rate to qualified borrowers.

It also gives bank accounts along with loans and debit cards and, to help customers master financially healthy, the group tenders counseling on consumer credit and in succession how to budget.

"Our expertise is in working for communities that are underserv or serv barely by predatory lenders," said mulct Slay, a spokesman for Jackson-based chance of a favorable result

Bill Bynum, the chief executive of the credit union, said the in the greatest degree financially vulnerable communities are the somewhat old and ...