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$250,000 NCUA Share
Insurance Protection Now Permanent!
July 22, 2010, Alexandria, Va.
President Barack
Obama yesterday signed into law the Dodd-Frank Wall Street
Reform and Consumer Protection Act. Included in this
sweeping legislation are provisions making permanent the
current $250,000 maximum federal deposit insurance level...
Complete NCUA media release document can be found
HERE.
IMPORTANT
INFORMATION ABOUT STUDENT LOANS!
With the
recently enacted Health Care and Education Affordability
Reconciliation Act of 2010 (HR 4872), the Federal
Family Educational Loan (FFEL) Program has been
eliminated. Private lenders, such as Franklin First Federal
Credit Union, no longer have a role in originating or
funding federal Stafford, PLUS, or Consolidation loans.
Please review below guidelines and helpful information:
●
Student Loan F.A.Q.
If you have any questions please do not hesitate to
CONTACT US.
Auto Finance Tips -
Refinancing Your Car Loan
By Philip Reed, Senior Consumer Advice Editor
As interest rates drop, people's thoughts turn to
refinancing — refinancing their home loan, that is. What
they don't know is that refinancing an auto loan is easier
to do, and it can save you some serious money.
How much? Say you bought a new car six months ago. And say
there were a few dings on your credit so the dealer told you
that your auto loan would be 11 percent on a five-year loan
for a $23,000 car. Your monthly payments are $500.
Now let's say that you surf the Web until you find a company
that offers auto refinancing. You could refinance the
balance of your car loan and lower your payments to about
$400 a month. That's a savings of nearly $6,000 over the
life of the loan.
Other examples could well be more dramatic. In some cases, a
new-car buyer could wind up with an auto loan based on an
18-percent interest rate. By refinancing at a competitive
rate, the monthly payments would be slashed, and all it
takes is about 10 minutes to fill out the application.
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