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02/25/10 Credit Cards:
Look Out for What Isn’t in the New Law
A big news story on February 22 was the new credit card law going into effect. With it, many commonplace abusive credit card practices became illegal. While not all-inclusive, some of the new provisions are:
- Prohibiting certain rate increases and requiring a 45-day notice for other rate changes;
- Banning universal default (increasing a rate because a consumer was late on a payment on another card);
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02/25/10 Second Mortgage Special
Funny how some things can quickly become a tradition, like our annual second mortgage special. Well, we sure don’t want to break tradition so yes, we are having a special on second mortgages again this year. It is going right now.
During the months of March through May 2010 the credit union is absorbing most of the normal costs of second mortgage loan origination on applications received or loans closed through the period of the special.
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02/25/10 Home Improvements Picking Up
For the first time in several years, more homeowners will take on remodeling projects in 2010, ending a steady decline that began in mid-2007 and saw a 30% drop in home improvement activity.
It appears we may be near the bottom of the current remodeling cycle according to research by the Joint Center for Housing Studies of Harvard University.
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01/27/10 New Twists on Identity Theft Fraud
Identity theft fraud has become so common place in our society that it doesn’t get talked about as much as it used to, and that’s a shame because it is still growing.
There are a couple of new twists on ID theft fraud that we want to share with our members. Knowing about the tactics can help prevent becoming a victim.
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01/27/10 Steady Pressure on CD Rates
If you are looking for a good savings investment these days it takes some searching around. While savings rates are near historic lows there are still some decent CD rates in the market, but they are fewer and further between.
There continues to be steady downward pressure on CD rates and while recent changes have not been drastic,
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12/30/09 The Right Mix for Vehicle Loans
When it comes time for vehicle financing, there are a number of things that we all look for in that transaction. We think you will find the right combination at Four Points.
Rate: It goes without saying that we want a good interest rate.
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12/30/09 Shopping for a Mortgage Loan
A mortgage loan is the largest and longest loan most people will ever get. Shopping for that loan can be a daunting task. It would be easy if a rate were just a rate and you could shop solely on the basis of quoted rates. Unfortunately, it isn’t always that simple.
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12/04/09 Tax Credit Extended: It’s Time to Act
First-time home buyers have received an extension of the $8,000 tax credit. Previously set to expire on November 30, the stimulus program has been extended to April 30, 2010.
People wanting to take advantage of the tax credit, however, have no time to waste. A binding purchase agreement must be in place by the April 30 deadline and the closing on the home must be completed within 60 days, no later than June 30, 2010.
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10/30/09 The Marketing Role of Members
Members have an important marketing role at Four Points. No, make that a critical role. A significant portion of our membership is made up of family members. Those members are with us only because someone in their family (our member) told them about the credit union.
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09/29/09 Consumer Websites Worth a Look
Always on the lookout for information that may be useful to our members, we came across a couple of consumer information websites recently that we would like to share with you.
Passing along websites takes some care. We take a little time first to explore the site legitimacy and then do a little digging
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