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Fed government announced its offices in Washington,DC area will be closed Wed. due to bad weather--the third day in a row for such closings.
The Golden 1 CU, Sacramento, takes mega-banks to task with billboard ad campaign. Wed NN.
THe U.S. House Majority Leader has announced there are no votes expected in the House this week.
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The federal government is closed today due to continuing snow. CUNA's Washington office is closed. Its Madison, Wis., office remains open.
CU offers half-million dollars in holiday quick loans
DETROIT (11/12/07)--Detroit Municipal Credit Union (DMCU) has set aside $500,000 for special Holiday Quick Loans to help members struggling with the tough financial situation in Michigan.
Unlike other loans, no credit check is necessary to apply. Members that qualify will receive loans between $300 and $500.
Originally, the credit union was going to cap the number of applications at 1,000, but more were actually accepted.
"With the holidays coming up, we wanted to do something to help our members through some difficult times," said Kathie Trembath, DMCU CEO. "Some of the people applying can't get credit elsewhere, or are over-extended."
Loans are issued based on work seniority and good standing with the credit union. Each loan recipient also signs up for payroll deduction.
If the Holiday Quick Loan program is successful, DMCU may try another round of loans in the spring.
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