Churches Back Small CU Loans

RICHMOND, Va. - Two local churches have joined with Virginia United Methodist CU to create a fund that will back small loans for eligible members. The churches have agreed to raise money for the Jubilee Assistance Fund, which will be deposited into a savings account with the CU that can be used as collateral to back a small loan for a church member. Participants in the program will be required to undergo financial counseling.

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Blowtorch-Wielding Thief Trips Alarm

OXNARD, Calif.–Police were searching for a burglar who set off a fire alarm while he was using a blowtorch to break into an ATM at a Ventura County CU branch here.

The burglar entered an adjacent dentist’s office and broke through the wall, where the ATM was located, police said. The would-be thief was apparently using a blowtorch to break into the ATM when he set off the smoke alarm and fled. No money was taken. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


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