STCU: Crisis Averted

I enjoyed this note from Spokane Teachers Credit Union to their members: “In the interest of full disclosure, STCU would like to announce that, ... in the midst of the national mortgage crisis, your credit union has had one bad home loan… the crisis was all over in less than an hour.” Perhaps a little horn-tooty, but I think many credit [more...]

Date: 2008-12-22 20:17:36

Blog posts (14) | Videos (79)
 

Back to the Future

My understanding is that auto loans were once a major product for credit unions, until the automakers muscled them out with their own financing arms. NEW YORK (AP) -- Automakers General Motors Corp. and Chrysler LLC, along with a group of credit unions, said Wednesday that they are expanding to all 50 states programs that offer low-cost loans [more...]

Date: 2009-01-08 00:02:00

Things I Learned When I Refinanced My Home

Some days I feel like a home refinancing expert. I’ve refinanced my home twice in the last three years to take advantage of attractive interest ... , I called my local banks, credit unions, and savings and loan companies. I also checked interest rates ... to the interest rates on many credit cards. In addition to looking for a lower interest rate, people [more...]

Date: 2009-01-15 01:31:07

Police: Debt Collector Stole Identities

Posted on Thursday, 10 of September , 2009 at 4:32 pm NEWSTEAD—An Erie County debt collector is under arrest for allegedly stealing identities through her employment. Hope M. Dunlap, 38, of North Main St., Newstead, has been charged with first degree scheme to defraud and identity theft, both felonies. State Police said they were alerted to suspicious online loan payments by a local Federal Credit Union. [more...]

Date: 2009-09-10 21:32:44

Pink Slip Loans…Even for Cheap Cars!

Pink Slip Loans…Even for Cheap Cars! January 14th, 2009 by Charles Pruett It may seem like a crime, having bad credit and not being able to get a loan from you bank or credit union; and…well…it sort of is. And no matter whose fault it is your credit is in the tank, you can get one of 800LoanMart’ [more...]

Date: 2009-01-14 16:23:32

GM Loosens Credit Restrictions

In a rare instance of seeing an immediate impact on consumers from federal bailouts, GM’s financing arm, GMAC, ... of providing credit to buyers, including an agreement with Midwestern credit unions. The new requirements ... will lower its credit requirements from a credit score of 700 to one of 621 to secure car loans [more...]

Date: 2008-12-30 16:13:12

5 Ways to Save Money on Your Next Vehicle Loan

by Ada Denis Don’t get stuck with a bad car deal. Here are five ways to walk away from an auto dealership and save money on the vehicle loan. 1 ... an application with your personal bank, credit union, finance company, or online auto loan broker [more...]

Date: 2008-12-09 09:27:49

Ten Ways to Reduce Debt

by Michael Geoffrey Debt reduction requires good planning and great financial discipline. Here are ten steps that can reduce your debt: 1 ... a debt consolidation loan. If you are a member of a credit union you may find they offer better ... to encourage you to transfer your balances to their credit card. However, beware of missed or late payments [more...]

Date: 2008-11-24 22:33:22

Buying a house at Christmastime is so fun

Update! On the real house! Which was originally supposed to close today (yeah, a few days before Xmas--great plan), but isn't, obviously.So lessee ... on a VA loan (at a lower rate, since rates have dropped**) from the Navy credit union--Mr. B.'s doing ... costs have risen since we originally had a loan approved on the dead cat house (for $100k more than [more...]

Date: 2008-12-22 20:49:00

Consolidating Your Debt

by William Blake Debt can overpower your life and make your life more stressful than you need it to be ... for getting back on the right financial path. Debt Consolidation - Unsecured An unsecured loan ... Information on Debt Consolidation Almost all lending institutions, banks, credit unions [more...]

Date: 2008-11-13 15:08:33

Re: Edwards to speak publicly again

Senator John has been a modern day Paul Revere. I remember his July 2007 Coopers Union speech where he tried, oh so gently, ... national laws protecting us against the worst abuses in credit markets predatory mortgages,abusive credit card terms, and payday loans with interest rates of 300 percent or higher. Finally [more...]

Date: 2008-11-11 06:22:53

Who's Missing from the Payday Loan Debate?

Saturday's Washington Post carried an article with the hopeful headline "Credit Unions Slowly Fill Void as Payday Lenders Leave D.C."  In January-before Ohio enacted its anti-payday lending law, before the Arkansas Supreme Court interpreted that state's laws to effectively ban payday lending-the District of Columbia capped [more...]

Date: 2008-07-28 03:25:37

Unions welcome jobs action but want more to curb banks

by Chris McLaughlin UNION leaders gave a qualified welcome to the Government’s “bold and pro-active” jobs initiatives this week but called on ... a £20 billion loan guarantee scheme aimed at filling a business credit gap caused by the banks’ ... financial restructuring” of car manufacturers whose bosses and workers have called on the Government [more...]

Date: 2009-01-15 23:55:25

So What's Replacing Boarded-Up Payday Lenders? Credit Unions! [Credit Unions]

Consumers in Washington D.C. have apparently flocked to credit unions since the district outlawed payday lending last year. Payday lenders whined that lending without 300% APRs was utterly unaffordable, but credit unions ... percentage rate of up to 18 percent. Unlike payday loans, in which borrowers sign over part [more...]

Date: 2008-07-27 14:15:43

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