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The Fed recently lowered the federal funds rate and discount rate -- but how will that affect interest rates you pay? For help,
the Federal Reserve is offering consumer guides
that explain Adjustable Rate Mortgages (ARM), Foreclosure Resources, How to Choose a Credit Card, Subprime mortgages,
home equity lines of credit, the Prime Rate and other banking topics.
Sunday, May 11, 2008
California
Anyone can win by not playing the credit card game So when the Federal Reserve, the Office of Thrift Supervision and the National Credit Union Administration recently proposed rules to prohibit unfair practices regarding credit cards and overdraft services, I had to laugh. Ventura County Star
Rice now pitching Giant prospects Many longtime 66er fans know Scott Budner as the pitching coach most frequently calling Arrowhead Credit Union Park home during the Mariners six-year affiliation with the team from 2001-06. . Inland Valley Daily Bulletin
Florida
Educating consumers about dangers of debt For example, in Appleton, Wis., the Prospera Credit Union has teamed up with Goodwill Industries of North Central Wisconsin to create GoodMoney, where consumers can get short-term loans much cheaper than they can get from a payday lender. MiamiHerald.com
Massachusetts
Police station and preschool top Town Meeting issues The police station would go in an already existing building, the former Merrimack Valley Credit Union on Route 125. It would cost $7.5 million, with more than $885,000 already available within the budget. Eagle Tribune
North Andover Town Meeting Warrant Transfer and borrow money to buy former Merrimack Valley Federal Credit Union Building and convert it into a police station. Selectmen recommend. Eagle Tribune
Business briefs Credit Union has made a $40,000 contribution to Fitchburg State College, which will be used to renovate the lobby at the college s Weston Auditorium. The college will name the lobby in the credit union s honor later this spring. Worcester Telegram
Oregon
Beefed-up diploma replaces CIM,CAM Anissa Arthenayake, director of community education for OSU Federal Credit Union, works with high school interns but said her company hasn’t seen the increasing interest it hoped the new graduation standards would spur. Albany Democrat Herald
Pennsylvania
Small-business owners seek nonbank lenders Left on the hook for thousands of dollars, he turned to his credit union, a not-for-profit lending cooperative. His loans were approved within two weeks, and his brewery is set to open in October. Tribune Review
Saturday, May 10, 2008
West Valley Home Schooler Wins $10000 Scholarship - Home schooled student, Kayleena Tejada of Surprise, Arizona was named grand prize winner of the 2008 Desert Schools Federal Credit Union Community Scholarship Award.
Each year, Desert Schools Federal Credit Union offers scholarships to students in Maricopa, Pinal and Gila County, for their hard work and dedication, both in the classroom and in our community. EVLiving
Mystery Surrounds Death of UNC Student Our latest information is that she made a stop at the credit union and then stopped at the Jacksons Java near the UNCC campus. She left Jacksons Java around 10:50 in the morning, and investigators are still conducting interviews, attempting to close the timeline from when she left Jacksons Java to when she was found here at the river. FOXNews
California
Treasure in Back Yard New exhibits at the Fair include Welde’s Big Bear Show, sponsored by Metro 1 Credit Union; Health and Fitness Day on Saturday, May 31, sponsored by Kaiser Permanente; the Speed Text Message Contest, sponsored by Sprint Nextel in Pittsburg; and the fascinating creatures of Wildlife of the World exhibit. Antioch Press
Allen Daniel (Dan) Gunderson In lieu of flowers, an account has been set up at Coast Central Credit Union, in Allen Daniel Gunderson’s name. The Eureka Reporter
Police Search For East County Bank Robber The robbery took place at the First Future Credit Union, located at 7900 El Cajon Blvd., La Mesa. KGTV, 10News.com
Briefs: Around LA Alarcon said he already has talked with the police credit union and that it is interested in getting involved. Also, CRA officials told him they are eager to begin the program since it takes advantage of existing housing. Los Angeles Daily News
Banking on other lenders Scott Metzger opens his restaurant-microbrewery in San Antonio after turning to a credit union for a small business loan. He had been denied loans from three banks. Press-Enterprise
Bowling for Dollars: Games Make $41.5M Impact The association manages the San Diego County Credit Union Poinsettia Bowl and the Pacific Life Holiday Bowl, both of which are played at Qualcomm Stadium each December. San Diego Business Journal
UC San Diego Receives $2M Grant for Geriatrics Division The event, presented by North Island Credit Union, was held at the Manchester Grand Hyatt Hotel. Monarch will use the proceeds for after-school programs, visual and performing arts, field trips, mentoring, tutoring and post-graduation support. San Diego Business Journal
Red, white, blue and faithful Stand and Be Counted started out four years ago as a ticketed Christian music festival at Travis Credit Union Park. It drew a few thousand people during its first two years. TheReporter.com
Florida
Business is hopping at Red Frog marketing Accounts include the Belleview Biltmore Resort, American Stage, Railroad Industrial Federal Credit Union, American Heart Association, Clearwater Regional Chamber of Commerce, Pinellas Education Foundation and Tampa Bay Regional Planning Council. Tampabay.com
Idaho
Police Looking for Robbery Suspect Boise, Idaho -- Boise Police are looking for a man accused of robbing a credit union Thursday afternoon.
Police believe this man may have been casing out the Les Bois Federal Credit Union because some witnesses saw him earlier in the day around the area. Fox 12 Boise
Illinois
Mooseheart 'mom' is mission-minded with big heart TaMerria Ross was feeling unfulfilled with her job at a Quad Cities credit union when she spotted a help wanted ad seeking "mission-minded" people. Chicago Daily Herald
Kentucky
Hahn Hurries to ARCA Truck Triumph on Tough Kentucky Quarter-Mile The next race for the ARCA Lincoln Welders Truck Series will be the Champion Credit Union 50 at Toledo Speedway Saturday afternoon, May 17th. The 50-lap race serves as the show-opener for the next-day ARCA RE/MAX Series Hantz Group 200 presented by Federated Car Care. WhoWon.com
Massachusetts
Two seeking HA seat HE is a member of the Boston Carmens Union, and is the former chair of the Mbta Employees Credit Union. Mansfield News
Boards debate preschool, police station funding This delay is of particular concern to Rees, who said time is ticking to purchase the former Merrimack Valley Federal Credit Union. If the town were waiting on the override vote, it could miss out on the opportunity, he said. North Andover Citizen
Michigan
Faith in Brief: 05/10/2008 Registration fee is $5 per child for the week, due to sponsorships from the East Traverse Catholic Credit Union, Larkin of Leelanau Insurance Group, Pedaling Beans Coffeehouse and the Knights of Columbus. . Traverse City Record Eagle
Stamps increase viewed as no big deal Alpena Alcona Credit Union finds the increase to be accommodating to its business.
“It will help us because our members will be more likely to use our home family product which includes online bill payment, online statements and direct deposit,” said Kathy Allen, credit union IF network specialist. . Alpena News
Mississippi
Woman faces prosecution in 81-year-old man's death He is accused in an Oct. 22 offense at Mutual Credit Union. Vicksburg Post
Armed Robbery at Jackson Credit Union She hyperventilated and was treated on the scene after two men armed with handguns robbed the bank Friday morning, then ordered employees on the floor. "There were no customers in the bank. WLBT-TV
Montana
Tending My Own Garden, Chasing Other People’s Chihuahuas The little brown and black dog trotted the last few feet across the street and hopped the curb into the big grassy area in front of the Missoula Credit Union branch. A man stood in the middle of Brooks, in the turning lane, calling to the dog. New West
North Carolina
Search for college student's killer not focused in Gaston County She also stopped at a credit union near campus at about 10:18 a.m. and was last seen at Jacksons Java, a café where she worked, at 10:50 a.m.
Detectives believe that she was alone when she made those three stops Monday morning. Gaston Gazette
New Hampshire
Shot by Concord cop an 'accident' Police said the matter started on April 30, when Levasseur and another officer discovered a door without a lock at the Granite State Credit Union building, which is under construction at 311 Sheep Davis Road. Smagula, an 11-year veteran of the department, had planned to conduct training overnight if the shift was quiet. The Union Leader
New Jersey
Pick of the Week... This years major sponsor is Workers Credit Union. "The credit union would like to extend a special thank you to the post office and all those who donate food to this very worthy . Fitchburg pride
Ohio
Athlete of the Week Liz Yaslik is our Toledo Area Community Credit Union, 13abc Athlete of the Week. . 13abc.com
Pennsylvania
Credit unions fall in numbers, grow in assets So why was the mood so positive recently at the Pennsylvania Credit Union Associations annual convention Downtown?
"Mortgage refis is probably our busiest area right now," said Kevin Anglemyer, CEO of Allegent Community Federal Credit Union, Downtown. Pittsburgh Tribune-Review
Husband jailed after officers accuse him of threatening wife, stealing $650 While en route to the Palco Federal Credit Union on Chad Road in Muncy Creek Township, the woman tried to get out of the vehicle at a traffic light, but Taylor, 26, “grabbed her and pulled her back inside the vehicle,” Bentley said he was told.
After they arrived at the credit union, Maria Taylor again told her husband she would not give him any money because she “needed the money for the kids,” Bentley said. Williamsport Sun-Gazette
Rhode Island
Got your rebate? The U.S. Treasury last week began depositing rebates directly into the bank and credit union accounts of taxpayers who completed the “direct deposit” section of their 2007 federal income-tax returns.
In general, if you completed the direct deposit section of your 2007 return, your rebate will be deposited directly into your bank or credit union account, too. Providence Journal
Check or direct-deposit: How will your IRS rebate arrive? MoneyLine’s Neil Downing explains the details But this is the first one in which recipients have been given the option to have their rebates deposited directly into their bank or credit union accounts.
A: To have your rebate deposited directly into your bank or credit union account, you must fill out the “direct deposit” section of your federal income-tax return. Providence Journal
Middle-class concerns about closing the deficit And each side is digging in for what will be the ugliest budget battle since the credit union crisis of the early 1990s. Providence Journal
South Carolina
Fundraisers Held For Residents Fighting Illnesses A fund has also been set up at any South Carolina Federal Credit Union location. If you would like to make a donation, you can make checks payable to “Care of Ben Wright." . WLTX.com
Utah
Join In KUTV's "Ride For Life" Charity Benefit Event Tickets go on sale Saturday, May 3 at 10:00 a.m. at all Cyprus Credit Union branch locations. KUTV
Virginia
Juvenile Faces More Charges in W'boro The charges link the juvenile to shootings at Waynesboros Dupont Community Credit Union and a house on Commerce Avenue. . NBC 29 News
W’boro charges I-64 juvenile Brandon Dawson, from Crozet, was charged earlier this week for the March 27 shootings at the Waynesboro Dupont Community Credit Union on Lucy Lane and an occupied house on North Commerce Avenue. Bullets struck a window and brick wall of the credit union building, as well as a repossessed van in the parking lot. News Virginian
Teen faces more charges in I-64 shooting Brandon Dawson of Crozet is charged with the March 27 shootings at a house and credit union building in Waynesboro. Police say the shootings were a continuation of those along I-64. WDBJ7.com
Washington
Business calendar The Right Way to Business Success: Presented by SCORE, 8 a.m.-4 p.m. on two Tuesdays, May 13 and 20 at IQ Credit Union, 305 N.E. 81st St., Vancouver. For small-business owners or people interested in starting a business. The Columbian
Wisconsin
Credit union forced to move as Wichita VA campus expands Veterans Affairs campus in Wichita is pushing the agencys credit union into uncharted waters. Milwaukee Business Journal
Friday, May 9, 2008
Maine
GARDINER 2 credit unions announce plan to merge - Riverview Federal Credit Union members recently voted to approve a merger with Gardiner Federal Credit Union.
Riverview Federal Credit Union, 35 Bridge Street, includes residents of Gardiner, Randolph and Farmingdale. Kennebec Journal
Mississippi
Relay For Life "We sold candy bars and raised $1,300," said Margaret Brown, whose team from the Navy Federal Credit Union, were newcomers to Relay. Meridian Star
North Carolina
UNCC student's death unsolved In the hours before her death, she had been at a credit union and then at the coffee shop. News & Observer
South Carolina
Note on bill leads to suspect's arrest Charleston police found the suspect within an hour of the 9:18 a.m. robbery at his house less than a mile from the S.C. Federal Credit Union at 1317 Folly Road, according to an affidavit. Officers found the clothing worn during the robbery outside the house, they said. Charleston Post Courier
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