The Hamilton News in Ohio provided coverage of a joint effort between Student Lending Works and CHACO Credit Union aimed at helping students make wise decisions when borrowing to finance college. The story addressed and debunked a half-dozen myths related to college financing. The story quoted representatives of both organizations.
The Dallas Morning News highlighted the pain caused to many people when adjustable-rate subprime mortgages reprice by profiling Enej Dreca, who saw his rate jump to 11% from 8% and his monthly payments increase by $350. One solution: credit unions, the "Morning News" stated, highlighting Texans Credit Union and interviewing Loan Purchase Administrator Janet Zuppa.
The New Zealand Herald reported on a man who was seeking to finance a small business but was turned down for a bank loan. The story detailed the man's financial situation, including debts that prevented getting new financing, and then reported that the man had "found an answer to his problem"-a $10,000 loan from United CU, with a five-year term and a 12% rate.
