PORTSMOUTH, N.H - (05/19/06) In response to the worstflooding in the region since 1936, Northeast CU has put togetherflood relief package called "Relief Loan Program-Neighbors HelpingNeighbors" to help homeowners and renters recover from flood damageto their homes and apartments. "In many cases, our neighbors didnot have flood insurance that will cover all of the damagessustained by the recent storm surges," Peter Kavalauskas, presidentof Northeast CU, told The Credit Union Journal. "By reactingquickly, we are offering the Relief Loan Program to provideeveryone in the community with another financial option while theymay be waiting for government programs, private insurance orsimilar funding to rebuild their homes and their lives. TheHomeowner Relief Loan offers no payments for 90 days, a 5.9% ratefor a loan amount up to $20,000 with repayment terms of 60 months,or a 6.9% with repayment terms of 84 months. The Renters ReliefLoan offers no payments for 90 days, a 7.49% for a loan amount upto $5,000 with repayment terms of 60 months.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3