FARMERS BRANCH, Texas (7/9/09)--Texas Dow Employees CU (TDECU) and TNB Card Services have launched a card product, Onyx, which blends revolving and non-revolving credit to offer triple buying power.
The card was designed to compete with elite card brands. Onyx targets members with credit scores of 720 or higher. A cardholder with a $10,000 credit limit can access up to three times the line of credit. The first $10,000 is on a revolving limit, like a traditional card. The remaining balance, or non-revolving credit, is due in full at the end of each billing cycle, said the Texas Credit Union League (LoneStar Leaguer July 8).
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Courtesy of cuna.org
Thursday, July 9, 2009
CUs fill void as student-loan lenders retrench
CHICAGO (7/9/09)--Credit unions' student lending programs have gained the attention of The Chronicle of Higher Education.
With traditional student loans in short supply as lenders retrench through the economy, credit unions are stepping into the opportunity of private student lending, Credit Union National Association Senior Economist Mike Schenk, told the publication (July 10).
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Courtesy of cuna.org
With traditional student loans in short supply as lenders retrench through the economy, credit unions are stepping into the opportunity of private student lending, Credit Union National Association Senior Economist Mike Schenk, told the publication (July 10).
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Courtesy of cuna.org
New tax credit eases college tuition burden
WASHINGTON (7/8/09)--If you want help financing college education, it could be as easy as filing your taxes.
The American Recovery and Reinvestment Act allows for a tax credit--a reduction in your tax bill--of up to $2,500 per student for the cost of tuition, fees and book expenses paid in 2009 and 2010. This amount is an increase over previous Hope and Lifetime Learning Credit limits and applies to tax years 2009 and 2010, so the earliest you'll get the credit is early 2010 for the 2009 tax year (MSN Money June 24).
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Courtesy of cuna.org
The American Recovery and Reinvestment Act allows for a tax credit--a reduction in your tax bill--of up to $2,500 per student for the cost of tuition, fees and book expenses paid in 2009 and 2010. This amount is an increase over previous Hope and Lifetime Learning Credit limits and applies to tax years 2009 and 2010, so the earliest you'll get the credit is early 2010 for the 2009 tax year (MSN Money June 24).
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Courtesy of cuna.org
Nearly 500 CUs were robbed in 2008
WASHINGTON (7/8/09)--Nearly 500 U.S. credit unions were robbed in 2008, according to bank crime statistics released Monday by the Federal Bureau of Investigation (FBI).
During last year, 483 credit unions experienced robberies, 121 had burglaries and 28 were victims of larcenies
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Courtesy of cuna.org
During last year, 483 credit unions experienced robberies, 121 had burglaries and 28 were victims of larcenies
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Courtesy of cuna.org
Violent acts infrequent in CU robberies
WASHINGTON (7/8/09)--The run-of-the-mill robbery in financial institutions last year did not involve acts of violence, according to crime statistics released Monday by the Federal Bureau of Investigation (FBI).
Acts of violence were committed in 293 reported incidents--roughly 4% of the 6,849 total robberies, burglaries and larcenies that credit unions and other financial institutions experienced last year.
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Courtesy of cuna.org
Acts of violence were committed in 293 reported incidents--roughly 4% of the 6,849 total robberies, burglaries and larcenies that credit unions and other financial institutions experienced last year.
Click the title for the story.
Courtesy of cuna.org
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