An examination of credit union and bank modification trends..With housing prices bouncing along the bottom and unemployment starting to fall,
the outlook for 2012 is stronger than when we entered 2011. However, there are
still millions of Americans who have not had a chance to take advantage of low
interest rates by refinancing their mortgage or other debts, a fact **** Read More; Evolving Modification Scene:
When the government shutdown hit in October and paychecks stopped, thousands of federal employees were left wondering how to make ends meet. Credit unions across the country stepped up—but Keesler Federal Credit Union went above and beyond. No loans, no hassle—just your paycheck Instead of making members apply for emergency loans, Keesler Federal launched its Paycheck Relief Program. Revolutionary in its simplicity, it worked like this: if you were a federal employee with direct deposit at Keesler Federal, your paycheck kept coming—interest-free, fee-free, and stress-free. Each qualified member could receive up to $6,000 per pay period for as long as 90 days. No hoops, no headaches. From October 1 until the shutdown ended, Keesler Federal advanced more than 5,000 paychecks totaling $6.5 million to 1,710 members. For non-members, they even offered zero-interest loans up to $6,500 with a year to pay it back. This proactive approach meant that before the first missed paycheck, Keesler Fed...
Comments
Post a Comment
Please no profanity or political comments.