1. Lois Kitsch [email_address] Doing Well by Doing Good Grow Your Credit Union By Serving Expanded Markets Florida Annual Conference
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3. Doing Well by Doing Good – The Spectrum Credit Union Story
4. What does a poor or mediocre score cost? Emily Karen 750 Credit Card Rate – 9.9% Auto Loans – 5% Mortgage one – 5.5% Mortgage two – 5.5% Credit Card – 19.9% Auto Loan – 8% Mortgage one – 7.375% Mortgage two – 7.375% 650
5. What does a poor or mediocre score cost? Emily Karen
6. Cost of Poor Credit Emily Karen 70 70 $39,600 Credit Card Interest $79,600 $21,166 Auto Loans $34,653 $174,760 Mortgage One $243,020 $417,616 Mortgage Two $594,572 100 Points Cost Karen $ 298,704
7. Think of the impact of Dorothy’s credit score on her access to financial services
8. Continuous set of services to allow members to move from step to step, no matter where they start Alternatives FCU Ithaca, New York
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10. U.S. Adult Population by Banked Status Note: Unbanked consumers are those with no checking or savings account. Underbanked consumers are those with a checking or savings account who have made one or more nonbank financial transactions in the past 30 days. Source: CFSI Underbanked Consumer Study, 2008
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13. % of Asset Poor Households in Florida 46% 36% 22% 11 % 3% Low Wealth does not always equate to low income. In Florida, 22% of households earning more than $44,000 and 3% earn more than $100,000 are asset poor.
25. Want More info? Visit www.realsolutions.coop for a comprehensive Toolkit on how REAL Solutions Credit Unions Provide short term loan products to their members. Contact League Liaison Natasha Melugin
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28. Join us at REAL Solutions To Learn more contact Laura Vann or Adena Whitman LSECU Visit http://realsolutions.coop
Emily and Karen are girl hood friends. Both of them got their first credit card in college and carried the same $8000 balance. Both bought a $20,000 cars upon college graduation. They both spent $350,000 on their first homes and when they turned 40 moved to larger homes costing $450,000 But that is where the similarity ends.
Emily and Karen are girl hood friends. Both of them got their first credit card in college and carried the same $8000 balance. Both bought a $20,000 cars upon college graduation. They both spent $350,000 on their first homes and when they turned 40 moved to larger homes costing $450,000 But that is where the similarity ends.