Compliance We Blog. In October, the NCUA Board issued a last rule authorizing an additional group of payday alternative loans – PALs II loans. Comparing PALs We and PALs II Loans In October, the NCUA Board issued a last guideline authorizing a 2nd group of payday alternative loans – PALs II loans. PALs II loans are another kind of payday alternative loan, as well as PALs we loans, that federal credit unions will offer their people. The rule that is…