BWUCCUL carefully managing loan portfolio

Although seeking to move forward with caution, the Credit Union will still continue to pursue consumer and vehicle loans, debt consolidation and unsecured lines of credit, as these continue to be the major components of their short- to medium-term lending.

The report stated that in the earlier part of the financial year, the BWUCCUL limited its loans for mortgages to one per month in order to control the risk of using short-term deposits to lend long term.

In addition, the Board sought other alternatives to ensure that funds were available for long-term lending, it added.

In seeking to accomplish this, they successfully negotiated a loan from the Housing Credit Fund via the Central Bank to lend to lower income members, so as to aid them in realising their dream of owing a piece of the rock.



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Insight: Is it a bird? Is it a plane? No it's . Supernat

He will want quality advice on something, and he will want proper information before making a decision." Impartial civil servants also declare that they are better directed and better managed than before. Many SNP figures, Salmond included, trace their strength in government to the moment the Lib Dems refused to go into coalition with them last year. "It was the best thing that could have happened to us," Salmond has said. As a result, he and his team have been able to run an organisation on their own terms, with a direction and a focus that, they believe, is being noticed by the public at large.And as for the wider political picture, Salmond and his allies only see it getting rosier. The Conservatives are now nailed on to win the General Election in 2010 – handing the SNP the perfect chance to demonstrate to Scots that they are being ruled by a party not of their choosing.



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Elizabeth Warren On The Rising Cost Of Credit Debt

That advice may have worked in your parents' day, but today you have to be smart with your money. Not just a little smart, but super smart. You have to learn the new rules — the rules nobody told you and nobody talks about. And you have to learn them fast.

Just for a moment, forget what you know about money. Forget about your bills. Forget the size of your paycheck. Forget your shopping trips and the shoes you just bought. We want to give you a new perspective on your money, a different way to think about it. We want you to explore new possibilities.

What if we told you that this book could show you how to cover your bills, without worry or fear? No more bounced checks. No more anxiety about how you'll make it through the month. Just the power to pay your bills on time, and then to relax in security and comfort.


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Saving for a rainy day

Don't start with any other savings or work towards other financial goals even paying off debt before you've got at least a small cushion against life's inevitable knocks.

Why would you put money into an emergency fund if you've got lots of expensive debt? Because if it hits the fan and you can't cope you'll find yourself even deeper in debt.

If you owe a lot of money, save until you have a small emergency fund and then start tackling your debt. Once you're debt free, but before you start other investments, continue to ramp up your emergency fund and you'll have a far better chance of avoiding debt forever.

An essential part of any debt reduction plan

People with emergency funds invariably emerge from crises in better financial shape than those without and are far less likely to accumulate debt.



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Here's Why Jefferson County, Alabama, Has to Go Bust

Then the fun really began, as the county binged on financial instruments called interest-rate swaps, and also converted almost all of its fixed-rate debt to variable-rate. The collapse of the bond-insurance industry earlier this year and the speculative nature of swaps and derivatives now have the cost of that sewer debt exploding.

Somehow, the county's citizens have to stop the clock. Then they have to ask why all this happened. Then they have to tell everyone else the cautionary tale so that other public-finance officers don't get into the same mess.

The odd thing about municipal bankruptcy is that it's voluntary. If they had the opportunity, I imagine that the county's creditors, themselves hard-pressed, would have compelled it to enter financial rehab long before now.



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DBP to offer P7.65B in debt notes

MANILA, Philippines State-owned Development Bank of the Philippines (DBP) plans to offer as much as P7.65 billion worth of debt notes that may qualify as tier 2, or supplementary, capital sometime in August.

The bank recently obtained a mandate from the central bank to revive the issuance, which was part of a P10-billion fund-raising effort planned by the DBP about two years ago.

DBP did not complete the issuance within the period approved by the central bank, ranking sources in the central bank said.

DBP plans to offer lower tier 2, or subordinated, notes that will mature in 10 years and subject to optional redemption by the issuer after five years.

Proceeds of such debt issues are eligible for computing banks compliance with capital adequacy ratio requirements.



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Putting wife in debt is a form of abuse

Counseling doesn't work. Every time we've seen someone, he calls the person a quack and ends the session. What on earth do I do? Sadly Broke in Simi, Calif.

Dear Simi: Controlling the money so the spouse does not have access and then refusing to pay for a spouse's necessities or insurance is indeed a form of abuse. Before taking any action, please call the National Domestic Violence Hotline (ndvh.org) at 1-800-799-SAFE (1-800-799-7233) and ask for help. Then call an attorney.

Dear Annie: My niece is getting married, and I don't want my husband to attend because he has no sense of respect. We also have a special-needs son, and when we take him, I always end up missing the event. At the last wedding I sat outside with my son waiting for my husband to relieve me so I could get a bite to eat; he never came.



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