How Opportunities Credit Union throws a lifeline to underwater borrowers

December 17, 2020 0 Comments

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Is America’s auto loan debt getting out of hand? The $73,200 base price of the 2019 Lincoln Navigator kind of says it all.With prices at the dealership on the rise, America’s outstanding auto loan debt reached $1.14 trillion in Q3 2018, up 63% from 2010, with the average monthly payment for new cars hitting $531.These pricing pressures are fueling longer loan terms (68.8 months on average for new cars), and a growing number of borrowers are going underwater on their loans or moving to leasing contracts they can ill afford. To provide relief from crushing debt, Opportunities Credit Union ($40.3M, Winooski, VT) began offering its WOW Auto Loan in mid-2017.Under the program, Opportunities members can borrow up to $30,000 for a 2010 or newer vehicle, with only 70% of the loan secured by the value of the vehicle. Opportunities will pay off the member’s old loan or lease residual, settle collections or other high-cost debt, including credit cards, and place up to $1,000 in a reserve account for unexpected repairs.last_img read more

Free Movies Tonight In Osgood, Batesville

September 24, 2020 0 Comments

first_imgOSGOOD — A free movie event is ongoing tonight for veterans of World War II, the Vietnam War and the Korean War.Honor Flight the Movie will be shown at the Damm Theatre at 6:30 p.m.It is a documentary about four living World War II veterans and a Midwest community coming together to give them the trip of a lifetime. Volunteer’s race against the clock to fly thousands of veterans to Washington, DC to see the memorial constructed for them in 2005, nearly 60 years after the War.That movie can become a reality for local veterans.After the film there will be a Q&A session with a board member of the Indianapolis Honor Flight hub and veterans and their families can learn about upcoming flights and how to get involved. The trip to Washington, DC is completely free for veterans.There is also a free movie event at the Liberty Park Pavilion in Batesville tonight. The featured film is Despicable Me 2, a computer-animated comedy film and the sequel to the 2010 animated film Despicable Me.Anyone is welcome to attend the event presented by Batesville Park and Recreation and co-sponsored by the Gibson Theatre. Coolers and chairs are welcome and free popcorn will be available. The movie begins at 7:30 p.m.last_img read more

Olympics must not get carried away by Premier League inclusion – Pappoe

August 29, 2020 0 Comments

first_imgBoard member of Accra Great Olympics, Fred Pappoe, has urged the club to be united and up to the task in their return to the Ghana premier league.Olympics, together with King Faisal, were reinstated to the Ghana Premier League for the 2019/2020 football season at the GFA Extraordinary Congress last Friday.The two clubs had been asking to be part of the new league structure after they both deemed to have been victims of some acts of injustice and those acts led to their relegation.The move means that the new league season will have 18 teams instead of the standard 16 which has been the norm for many years, with 5 teams to be relegated at the end of the season, bring the number of competing teams back to 16 at the start of the 2020/2021 season.Pappoe says they cannot get carried away by the huge opportunity presented to them, and must fight hard to retain their place in the league when the competition starts.“It is a source of great joy for the club and the supporters, but it also signifies the need for hardwork and unity in the club,” he said.“We know that we cannot just jubilate because of this decision and forget the task at hand.“It calls for a lot of hard work and unity in the club, and I’m sure the club will rise up to the challenge,” he added.last_img read more