Texas Loans – Alexandra and Austin http://alexandraandaustin.com/ Tue, 24 May 2022 23:26:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://alexandraandaustin.com/wp-content/uploads/2021/05/default1.png Texas Loans – Alexandra and Austin http://alexandraandaustin.com/ 32 32 TAG program to cover Del Mar College tuition https://alexandraandaustin.com/tag-program-to-cover-del-mar-college-tuition/ Tue, 24 May 2022 21:10:00 +0000 https://alexandraandaustin.com/tag-program-to-cover-del-mar-college-tuition/ The program will cover the cost of four consecutive fall and spring semesters, and that’s money that doesn’t have to be repaid, avoiding student loans. CORPUS CHRISTI, Texas — For those looking for help attending college, there may be no better place to be right now than Coastal Bend. In recent months, we’ve reported on […]]]>

The program will cover the cost of four consecutive fall and spring semesters, and that’s money that doesn’t have to be repaid, avoiding student loans.

CORPUS CHRISTI, Texas — For those looking for help attending college, there may be no better place to be right now than Coastal Bend.

In recent months, we’ve reported on Texas A&M Kingsville’s “Javelina Promise” and A&M Corpus Christi’s “Islander Guarantee,” both designed to pay tuition and fees for eligible first-time students. And now Del Mar College is following suit with the “Tuition Advantage Grant Program.”

RELATED: TAMUK Announces New Tuition Assistance Scheme

TAG is for Texas residents whose adjusted gross household income does not exceed $125,000, which is a significant increase. The program will cover the cost of four consecutive fall and spring semesters, and that’s money that doesn’t have to be repaid, avoiding student loans.

According to Joseph Ruiz, director of Del Mar Financial Aid Servicesan effort is made to leverage all available federal, state, and institutional funds, and then let the TAG program take the rest.

For future students, it puts into perspective the possibility of becoming a Viking.

“Things are constantly moving,” Ruiz said. “The campus is growing, we have a lot of new buildings and there is great excitement here in Del Mar. We are happy to offer this program to help maybe alleviate some of that fear of being able to afford their education .”

Although it is not for those who already have a bachelor’s degree, it can be used for continuing education students. It also covers some students who graduated from a public high school in Texas but are still working towards becoming US citizens.

Registration for the fall semester is already underway.

Eligibility requirements for applicants include:

  • must be a resident of Texas.
  • their adjusted gross family income is $125,000 or less.
  • must be enrolled in or admitted to a degree program for the upcoming fall or spring semesters for a minimum of 9 credit hours and a maximum of 12 credit hours OR in a selection Continuing education program.
  • must have a valid free application for Federal Student Aid (FAFSA) or Texas Application for State
  • Financial assistance (TASFA if not eligible to complete a FASFA) on file and eligible Pell grant/state. Continuing education students must complete the Texas Public Education Grant (TPEG) Application and a DMC Continuing Education Enrollment Package.
  • maintain Satisfactory Academic Progress (SAP) requirements.
  • are not in default on a student loan.
  • do not currently hold a bachelor’s degree.

To learn more, contact the DMC Financial Aid Services office at (361) 698-1293 or financialaid@delmar.edu or visit their webpage at www.delmar.edu/becoming-a-viking/afford/index.html.

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Farmers in 4 states can apply for drought loans – AgriNews https://alexandraandaustin.com/farmers-in-4-states-can-apply-for-drought-loans-agrinews/ Sat, 21 May 2022 21:10:00 +0000 https://alexandraandaustin.com/farmers-in-4-states-can-apply-for-drought-loans-agrinews/ NEW ORLEANS (AP) — The U.S. Department of Agriculture said drought during the growing season has made farmers in most of Texas, all of Louisiana, and parts of Arkansas and Mississippi eligible to apply for federal assistance. The department’s Farm Service Agency said low-interest emergency loans can be used to meet a variety of recovery […]]]>

NEW ORLEANS (AP) — The U.S. Department of Agriculture said drought during the growing season has made farmers in most of Texas, all of Louisiana, and parts of Arkansas and Mississippi eligible to apply for federal assistance.

The department’s Farm Service Agency said low-interest emergency loans can be used to meet a variety of recovery needs, including replacing equipment or livestock. They can also be used to reorganize a farm or refinance certain debts.

The agency will take into account the extent of the losses, the security available and the ability to repay.

The agency said 60 Louisiana parishes are major drought-hit areas, and the other four — Orleans, St. Tammany, Vernon and Washington — are adjacent to those parishes.

The USDA declares drought disasters if a county experiences extreme or exceptional drought, or has experienced at least eight consecutive weeks of severe drought.

In Texas, 216 of the state’s 254 counties are major drought-affected areas and another 20 border those counties, FSA state outreach coordinator Joshua Coleman said May 6.

Twenty-three counties in Mississippi and 20 in Arkansas are major disaster areas, with farmers and ranchers able to apply for loans in another 13 counties in Mississippi and 11 in Arkansas, according to news releases.

Application deadlines vary depending on when a county was declared an agricultural disaster area. These and other details are available on the Farm Service Agency website, fsa.usda.gov.

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Nonprofit DreamSpring supports small business owners and energizes communities https://alexandraandaustin.com/nonprofit-dreamspring-supports-small-business-owners-and-energizes-communities/ Sat, 21 May 2022 00:30:57 +0000 https://alexandraandaustin.com/nonprofit-dreamspring-supports-small-business-owners-and-energizes-communities/ DALLAS (CBSDFW.COM) – Many small businesses in North Texas have struggled to stay alive during the pandemic, others have not survived. Supply chain shortages are the latest threat, but a nonprofit is working to support small business owners. DreamSpring is a non-profit community development organization that offers small business loans focusing on businesses that have […]]]>

DALLAS (CBSDFW.COM) – Many small businesses in North Texas have struggled to stay alive during the pandemic, others have not survived.

Supply chain shortages are the latest threat, but a nonprofit is working to support small business owners.

DreamSpring is a non-profit community development organization that offers small business loans focusing on businesses that have had difficulty obtaining one from a bank.

“To get a business loan, sometimes a credit score is required or it might be a start-up business and doesn’t meet a bank’s traditional underwriting criteria,” said Anne Haines, president and CEO of the management of DreamSpring.

The non-profit organization hosted an event on Friday for entrepreneurs to network and learn how to grow their small businesses.

“We were looking for the kind of support that could help us scale, that could help us settle in a way that wouldn’t put us at risk,” said Lora Pena, co-owner of Telesto Coffee.

“The PPP money helped, but in the midst of that we had to fill orders, do payroll and have working capital and DreamSpring stepped in to help us out,” added Barbara Oldums, owner of Industrial Solutions Company.

For Taylor Symone, owner of Touch-N-Skin Wellness Spa, she didn’t know what to do when COVID hit, “Oh yeah, I freaked out.”

Symone worried about what would happen to her massage and facials business in Dallas, but today she feels refreshed.

“I actually got a PPP loan which helped me a lot,” added Symone.

During this time, she then worked to expand her business, “It made me think about the longevity of the business.”

And now it has tripled the inflow of cash.

“We just started offering beesting manis and pedis, so we’re slowing down our transformation into a medical spa,” Symone said.

She also received help before the pandemic from DreamSpring and continues to work with them on how to grow her business.

DreamSpring said it has seen an increase in interest since the PPP loans expired and businesses are looking for a boost.

“Supply chain issues have affected small businesses in the labor market, there are so many factors that are at play for small businesses right now,” Haines added.

Learn more about how DreamSpring supports small businesses in North Texas Click here.

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Snap CEO Evan Spiegel and Miranda Kerr Pay Off Otis College Graduates’ Student Debt: NPR https://alexandraandaustin.com/snap-ceo-evan-spiegel-and-miranda-kerr-pay-off-otis-college-graduates-student-debt-npr/ Tue, 17 May 2022 18:41:03 +0000 https://alexandraandaustin.com/snap-ceo-evan-spiegel-and-miranda-kerr-pay-off-otis-college-graduates-student-debt-npr/ Snap CEO Evan Spiegel and KORA Organics CEO Miranda Kerr attend a gala in Beverly Hills, California on May 4. The couple surprised Los Angeles art school graduates by paying off their student debt. David Livingston/Getty Images hide caption toggle caption David Livingston/Getty Images Snap CEO Evan Spiegel and KORA Organics CEO Miranda Kerr attend […]]]>

Snap CEO Evan Spiegel and KORA Organics CEO Miranda Kerr attend a gala in Beverly Hills, California on May 4. The couple surprised Los Angeles art school graduates by paying off their student debt.

David Livingston/Getty Images


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Snap CEO Evan Spiegel and KORA Organics CEO Miranda Kerr attend a gala in Beverly Hills, California on May 4. The couple surprised Los Angeles art school graduates by paying off their student debt.

David Livingston/Getty Images

As Sunday’s commencement ceremony for the Otis College of Art and Design drew to a close, graduates prepared to throw off their caps and embark on the professional world. They would be armed with new degrees and, in many cases, struggling with student loans.

Some 77% of the student body identifies as people of color and more than 90% receive financial aid, according to the Los Angeles non-profit institution. Its president, Charles Hirschhorn, acknowledged from the podium that while the college experience offers many gifts, it also has a cost.

“We know that for most of you and your families, the shared burden of student debt is a heavy price you paid for an exceptional education at Otis College,” he said. “We understand that this debt can jeopardize your future and limit your creative ambitions. We don’t want that to happen. We want to empower your imagination, your creativity and your innovation.”

And so, he announced, the school had one more gift for its future alumni: it would pay off their outstanding debt.

This is thanks to a generous donation from the introductory speakers – Evan Spiegel, CEO of Snap Inc., and Miranda Kerr, CEO of KORA Organics, who have been married since 2017. They also received honorary doctorates at Sunday’s ceremony, as well as weird eye design expert Bobby Berk.

Spiegel taking design courses to Otis in high school before enrolling at Stanford University, where he co-founded the social media company Snapchat in 2011 (four years laterhe became the youngest billionaire in the world). Bloomberg estimates the 31-year-old’s current net worth is around $5.05 billion.

Without specifying an amount, the school said in a statement that the donation from the Spiegel Family Fund is the largest in the college’s history and “will pay off outstanding student debt for students in the class of 2022.” .

That’s 285 people, according to the Los Angeles Timeswhich also indicates that the college’s previous largest donation was $10 million.

When Hirschhorn broke the news, the students cheered and jumped out of their seats for a long standing ovation. When he finally returned to his speech, his voice began to waver.

“People cry, it makes me cry,” he said, laughing and wiping his face.

Hirschhorn explained that Otis created two funds: one for full repayment of existing graduate debt for loans certified by the college’s financial aid office, and one for charitable donations to graduate students with loans. of similar studies guaranteed outside college. He said students would receive envelopes with more information when they leave the ceremony.

the US Department of Education Dashboard places the typical total debt of Otis undergraduate borrowers at $27,000 after graduation.

Donors and the school hope the debt relief will allow graduates to pursue their ambitions in the worlds of art and design, become leaders in the community and eventually pay it forward.

“It is a privilege for our family to give back and support the Class of 2022, and we hope this gift will empower the graduates to pursue their passions, contribute to the world and inspire humanity for years to come” , Spiegel and Kerr said in a statement.

Several students, still in shock, told the Time that the surprise takes a huge weight off their shoulders as they begin their careers.

Farhan Fallahifiroozi, whose family emigrated from Iran in 2015, said they were worried about the more than $60,000 debt he had incurred to fund his studies and that his mother cried when he heard the news .

“I had so much debt,” he said. “If it’s all really gone, that gives me so much of a lead.”

The Biden administration has repeatedly extended the pause on student loan repayments, most recently pushing back the restart date until September 1. The president also faces growing pressure from Democrats to eliminate student debt altogether, especially in light of his campaign promise to cancel $10,000 in student debt per borrower.

And in the meantime, as NPR’s Cory Turner reports, student loan interest rates are about to rise.

Spiegel and Kerr weren’t the only donors hoping to offer relief this graduation season.

To cite just a few other examples: Graduates of Wiley College in Marshall, Texas, had their debts erased by an anonymous donor. And restaurateur Pinky Cole announced at the commencement ceremony of her alma mater, Clark Atlanta University, that she is offering each of her more than 800 graduates their own limited company to start their journey as entrepreneurs.

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Kinetik Releases Sustainability-Linked Funding https://alexandraandaustin.com/kinetik-releases-sustainability-linked-funding/ Mon, 16 May 2022 11:00:00 +0000 https://alexandraandaustin.com/kinetik-releases-sustainability-linked-funding/ HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) — Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetic“or the”Company”) today released its sustainability finance framework (“Frame”), which links its Environmental, Social and Governance commitments (“ESG”) commitments to the broader funding strategy of the Company. “With our next sustainability report to be released this summer, today’s announcement reinforces our commitment to […]]]>

HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) — Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetic“or the”Company”) today released its sustainability finance framework (“Frame”), which links its Environmental, Social and Governance commitments (“ESG”) commitments to the broader funding strategy of the Company.

“With our next sustainability report to be released this summer, today’s announcement reinforces our commitment to having a positive impact on climate change and creating an even more diverse and inclusive culture in our workplace. “said Jamie Welch, President and CEO. “We believe that integrating sustainability initiatives into our business decisions and funding strategy is essential to creating value for our stakeholders and is simply good business. These actions accelerate our progress towards the goal of net zero greenhouse gas emissions by 2050 while advancing our overall commitment to diversity, equity and inclusion.

The framework outlines the principles that Kinetik would follow when issuing sustainability-related financing instruments, including sustainability-related bonds, sustainability-related loans, or any other sustainability-related instrument.

The following key performance indicators (“KPIs”) were selected to measure progress against Kinetik’s environmental and social sustainability performance goals (“SPT”):

  1. greenhouse gas (“GHG”) Emission intensity
  2. Intensity of methane emissions
  3. Representation of women in the functions of corporate officer

These KPIs provide transparency and ensure that meaningful progress is being made toward Kinetik’s SPTs, which align with Kinetik’s long-term ESG initiatives and commitments. The designated SPTs are:

  1. Reduce GHG emissions intensity by 35% by 2030, relative to the 2021 baseline.
  2. Reduce methane emissions intensity by 30% by 2030, compared to the 2021 baseline.
  3. Increase the female representation of corporate officers to 20% by the end of 2026.

The framework and SPTs demonstrate Kinetik’s commitment to achieving net zero greenhouse gas emissions by 2050, supporting the Global Methane Pledge, and championing women in the workplace.

Kinetik obtained a second independent opinion (“PPO”) of ISS ESG on the framework and confirmed its alignment with the Principles of Sustainability Bonds of the International Capital Markets Association and the Principles of Sustainability Lending of the Association of Lending Syndicates and of negotiation.

“We are proud of Kinetik’s achievements to date in reducing emissions and will continue to adopt and develop best practices to ensure our future success,” said Matt Wall, Chief Operating Officer. “We believe that Kinetik has a vital role to play in the fight against climate change and we recognize that we are in a unique position to drive progress within our industry. Transportation is a critical part of the energy value chain, and we aim to be a leader in reducing the emissions needed to deliver natural gas to its end markets. The goals and initiatives outlined in our Sustainability Funding Framework challenge our business to make tomorrow’s natural gas cleaner than today’s.

The framework and SPO are available below and on the Kinetik website.

Sustainability related financing framework

ISS ESG SPO

Kinetik is a fully integrated, pure-play, Permian to Gulf Coast Midsize C-Corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and processing services to companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik publishes announcements, operational updates, investor information and press releases on its website, www.kinetik.com.

Forward-looking statements

This press release contains certain statements that may constitute “forward-looking statements” for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, ” seek”, “possible”, “potential”, “predict”, “project”, “prospects”, “directions”, “prospects”, “should”, “would”, “shall” and similar expressions can identify statements forward-looking, but the absence of such words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about the Company’s future plans, expectations and objectives for the Company’s operations, including statements about strategy, synergies and future operations, objectives and initiatives ESG, 2022 financial guidelines and our ability to refinance our current debt. Although forward-looking statements are based on assumptions and analyzes made by us that we believe are reasonable under the circumstances, whether actual results and developments will meet our expectations and forecasts depends on a number of risks and uncertainties that could cause our actual results, performance and financial condition to differ materially from our expectations. See Part II, Section 1A. Risk Factors in our Quarterly Report on Form 10-Q for the period ending March 31, 2022. Any forward-looking statements we make in this press release speak only as of the date on which they are made. Factors or events that could cause our actual results to differ may arise from time to time and it is impossible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

contacts

Kinetik Media:
Jim Schwartz
(713) 487-4838

Kinetik Investors:
Maddie Wagner
(713) 487-4832

Website: www.kinetik.com

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Business Beat: Gap job fair on Wednesday | business beat https://alexandraandaustin.com/business-beat-gap-job-fair-on-wednesday-business-beat/ Sat, 14 May 2022 10:45:00 +0000 https://alexandraandaustin.com/business-beat-gap-job-fair-on-wednesday-business-beat/ Gap Career Fair Gap Inc., which is building an e-commerce fulfillment and distribution center in Longview, held a job fair from 8:30 a.m. to 3 p.m. Wednesday at the Maude Cobb Convention and Activity Center, 100 Grand Boulevard in Longview. Gap’s new distribution center is scheduled to begin operations in August in Longview’s North Business […]]]>

Gap Career Fair

Gap Inc., which is building an e-commerce fulfillment and distribution center in Longview, held a job fair from 8:30 a.m. to 3 p.m. Wednesday at the Maude Cobb Convention and Activity Center, 100 Grand Boulevard in Longview.

Gap’s new distribution center is scheduled to begin operations in August in Longview’s North Business Park, off Judson Road at George Richey Road. The 850,000 square foot, $140 million facility is located on 142 acres in the business park. Under an incentive agreement with the city, county and Longview Economic Development Corp., Gap will average 255 full-time employees by the end of the year, growing to 500 by the end of the year. by 2023 and to 1,222 by 2026.

Full-time, benefits-eligible cargo handler jobs offer medical, dental, vision and life insurance plans, 50% off regular-priced cargo at Old Navy, Gap, Banana Republic and Athleta, the tuition reimbursement, “competitive” paid time off, paid time off, and other benefits.

Job seekers can also apply on gapinc.com .

Opening of the loan center

A Disaster Loan Awareness Center is now open in Gilmer to help home and business owners and others affected by the severe storms and tornadoes that hit this area on March 21.

The U.S. Small Business Administration’s Disaster Loan Awareness Center opened Friday during the third flooding of the Upshur County Courthouse in the Old Commissioners’ Meeting Room at 100 W. Tyler St. Hours are 8:30 a.m. to 5 p.m. Monday through Friday through May 26. .

“Victims of the severe storms and tornado on March 21, 2022 can go to the scene and get in-person assistance to complete the application for a Federally Supported Disaster Loan to cover uninsured losses. landlords, tenants, businesses and private non-profit organizations,” the Small Business Administration information said.

The affected Texas counties eligible for assistance are Bastrop, Grayson, Houston, Jack, Montague, Nacogdoches, Upshur, and Williamson, and the contiguous counties of Anderson, Angelina, Archer, Bell, Burnet, Caldwell, Camp, Cherokee, Clay , Collin, Cooke, Denton, Fannin, Fayette, Gregg, Harrison, Lee, Leon, Madison, Marion, Milam, Morris, Palo Pinto, Parker, Rusk, San Augustine, Shelby, Smith, Travis, Trinity, Walker, Wise, Wood and Young.

A variety of aid is available, with an application deadline of July 5 for people seeking loans to help with physical damage to homes and businesses and February 5, 2023 for economic harm loans.

Applications can be submitted online at DisasterLoanAssistance.SBA.gov. Additional information is available by calling the SBA Customer Service Center at (800) 659-2955 or emailing disastercustomerservice@sba.gov. People who are deaf or hard of hearing can call (800) 877-8339.

The 7-11 conversion begins

The slurpees are on their way to Longview again.

Wills Investments Groups, a 7-Eleven franchisee based in the Dallas-Fort Worth area, purchased six Kwik Stops from East Texas Kyle in August. The purchase included Kyle’s Kwik Stop No. 5 where Nanny Goat’s restaurant is located on Judson Road. Wills Investments Group has been in business for approximately 20 years and operates 20 7-Elevens in Texas and Colorado.

Work on converting the Judson Road store to the 7-Eleven brand has started recently, with hidden drink machines as changes are made to offer 7-Eleven’s signature Slurpees. The fare will also include hot dogs, fresh food and take-out items such as chicken wings, chicken tenders and pizza.

Frank Stofflet, Wills Investments Group managing director for operations in Colorado and Texas, said grand openings of the converted stores will begin within the next three weeks and will occur approximately every two weeks.

The Judson Road store is about six or seven weeks away from its official opening. Once the Slurpee equipment is operational, work will begin on the center of the store floor and the front of the building. The 7-Eleven sign will go up the day before the official opening, which is scheduled for late June.

“We are thrilled,” Stofflet said.

Other area locations that will be converted include former Kyle’s Kwik stops on the 281 West Loop, across from Lear Sports Complex; on FM 968 and three locations in Canton, Jacksonville and Mount Pleasant.

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Top 10 Credit Unions: Profits Fall as Non-Fee Revenue Falls https://alexandraandaustin.com/top-10-credit-unions-profits-fall-as-non-fee-revenue-falls/ Thu, 12 May 2022 20:51:21 +0000 https://alexandraandaustin.com/top-10-credit-unions-profits-fall-as-non-fee-revenue-falls/ A slump in non-fee revenue led to a slump in first-quarter profits for the 10 largest credit unions. Together, they generated net income of $903.8 million in the three months ending March 31, an annualized return of 0.95% of average assets. This is down from ROA of 1.43% in the first quarter of 2021. CU […]]]>

A slump in non-fee revenue led to a slump in first-quarter profits for the 10 largest credit unions.

Together, they generated net income of $903.8 million in the three months ending March 31, an annualized return of 0.95% of average assets. This is down from ROA of 1.43% in the first quarter of 2021.

CU time regularly tracks the results of the Top 10, as they represent 18% of the assets and members of the credit union movement, and provide an early indication of results for all credit unions. Callahan & Associates will publish their estimates for all credit unions at their Trendwatch webinar on May 18and the NCUA will release its data universe in early June.

Over the past year, ROA peaked at an unusually high 1.66% in the second quarter of 2021 for this Top 10, and a record 1.16% for all credit unions. At that time, credit unions were recouping excess loan loss provisions from the first year of the COVID-19 pandemic when economic risks seemed immense.

Higher loan loss provisions contributed just 10 basis points to the Top 10 ROA’s 48 basis point decline from a year ago.

The much more important cause was the decline in operating profit.

Chart showing revenue fell for the top 10 credit unions in the first quarter of 2022.

While commission revenue increased by 5 basis points, non-commission revenue decreased by 46 basis points. Net interest margins improved by 7 basis points, while payroll and other general expenses increased only slightly.

The discrete “Other income” category had ranged from 0.78% to 0.88% of average assets in the first to fourth quarters of 2021, but fell to 0.45% in the first quarter of this year. Another contributor was losses of $92 million (-0.10%) on “stocks and commercial debt securities”, compared to a gain of $18.2 million (0.02%) a year earlier .

The Top 10 granted $41.7 billion in loans in the three months ending March 31, up 8.5% from a year ago and 8.1% from the fourth quarter . Production by type was:

  • $778.0 million in commercial loans, up 47% from a year ago and doubled production in the fourth quarter.
  • $18.4 billion in residential loans, up 30% from a year ago and 31% from the fourth quarter
  • $22.5 billion in other loans (which includes auto loans and personal loans), down 5% from a year ago and down 7% from the fourth quarter.
Chart showing originations increased for the top 10 credit unions in the first quarter of 2022.

First mortgages sold on the secondary market rose 16% to $6.8 billion. The Pentagon Federal Credit Union, based near Washington, DC, nearly doubled its sales to $4.4 billion, while others slashed.

The Top 10 tends to generate higher margins and faster growth than the credit union movement as a whole. Their assets grew 11.8% to $389.6 billion and membership grew 9.6% to 24.4 million in the 12 months ending March 31.

Among all credit unions, the CUNA said assets grew 8.4% and membership grew 3.4% in the 12 months to March.

The NCUA reports for March included numerous data changes. Some provide new information, while some historical comparisons will disappear or be inaccurate.

On the one hand, the new report showed the breakdown of indirect loans by type. Auto loans have traditionally been considered the largest portion of the indirect portfolio, but other types, from solar vehicles to recreational vehicles, have developed.

The new report showed auto loans accounted for 56% of the $29.6 billion in Top 10 indirect loans as of March 31. And the $16.5 billion in indirect auto loans accounted for 30% of the $55.9 billion in total Top 10 auto loans.

A third of the indirect portfolio, or $9.7 billion, was for residential real estate.

The composition of the Top 10 changed in the first quarter with First Tech Federal Credit Union ($15 billion in assets, 629,940 members) falling from the Top 10 to No. 11, and Randolph-Brooks Federal Credit Union of Live Oak, Texas ($15.4 billion in assets, one million members) returning to No. 9.

As usual, past comparisons have been recalculated to be consistent with the current set.

The Top 10 for the first quarter were:

1. Federal Navy Credit Union, Vienna, Virginia ($160.4 billion, 11.4 million members), which had a first-quarter ROA of 1.05%, up from 1.79% a year earlier. Arrangements amounted to $12.5 billion, down 36%.

2. State Employees Credit Union, Raleigh, NC ($53.1 billion, 2.7 million members), which had a first-quarter ROA of 1.09%, down from 1.08% a year earlier. Arrangements amounted to $3.7 billion, up 65%.

3. Federal Pentagon Credit Union, Tysons, Go. ($35.4 billion, 2.7 million members), which had an ROA of 0.90% in the first quarter, compared to 0.85% a year earlier. Arrangements totaled $11.6 billion, up 126%.

4. BECU, Tukwila, Washington ($30.4 billion, 1.4 million members), which had an ROA of 0.01% in the first quarter, compared to 1.18% a year earlier. Arrangements amounted to $2.8 billion, up 19%.

5. SchoolsFirst Federal Fund, Santa Ana, Calif. ($27.9 billion, 1.2 million members), which had an ROA of 0.62% in the first quarter, compared to 0.68% a year earlier. Arrangements amounted to $1.9 billion, up 20%.

6. Golden 1 Credit Union, Sacramento, Calif. ($18.6 billion, 1.1 million members), which had a first-quarter ROA of 0.68%, down from 0.64% a year earlier. Arrangements amounted to $1.6 billion, up 8.2%.

7. America First Federal Credit Union, Riverdale, Utah ($17.6 billion, 1.2 million members), which had a first-quarter ROA of 0.89%, up from 1.67% a year earlier. Arrangements amounted to $2.6 billion, up 15%.

8. Alliant Credit Union, Chicago ($15.4 billion, 668,274 members), which had a first-quarter ROA of 1.17%, up from 2.43% a year earlier. Arrangements amounted to $1.4 billion, down 2.5%.

9. Randolph-Brooks Federal Credit Union, Live Oak, Texas ($15.4 billion, 1 million members), which had a first-quarter ROA of 2.09%, unchanged from a year earlier. Arrangements amounted to $1.8 billion, up 43%.

10. Suncoast Credit Union, Tampa, Florida ($15.3 billion, 1 million members), which had an ROA of 0.97% in the first quarter, compared to 1.09% a year earlier. Arrangements amounted to $1.8 billion, up 45%.

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County qualifies for disaster loans | Texas https://alexandraandaustin.com/county-qualifies-for-disaster-loans-texas/ Tue, 10 May 2022 23:00:00 +0000 https://alexandraandaustin.com/county-qualifies-for-disaster-loans-texas/ Sometimes it seems like it will never rain. Sometimes it doesn’t stop. The Agricultural Services Agency reports that the unpredictability of weather in East Texas has landed Henderson County in multiple disaster declarations over the past year. Applications for emergency agricultural loans for damages and losses caused by these weather events are being accepted according […]]]>

Sometimes it seems like it will never rain. Sometimes it doesn’t stop.

The Agricultural Services Agency reports that the unpredictability of weather in East Texas has landed Henderson County in multiple disaster declarations over the past year.

Applications for emergency agricultural loans for damages and losses caused by these weather events are being accepted according to FSA spokesman Clinton Warrick.

“Farmers should apply as soon as possible,” Warrick said. “Delays in demand could create backlogs in processing, with possible delays in the new agricultural season.

Farmers may be eligible for loans of up to 100% of their actual losses or the operating loan needed to continue farming, whichever is lower.

“As a general rule, a farmer must have suffered a loss of agricultural production of at least 30% or suffered a physical loss to be eligible for an FSA emergency loan under the disaster designation,” Warrick said.

Events eligible for loans are:

S5088 – based on damage and loss caused by excessive humidity that occurred from April 1, 2021 through August 31, 2021 for Anderson, Cherokee and Henderson counties.

S5158 – based on drought damage and losses occurring Dec. 8, 2021 and continuing for Anderson, Cherokee, Gregg, Henderson, Rusk, Smith, Upshur, and Van Zandt counties.

N1531 – based on damage and losses from severe storms and tornadoes from March 21, 2022 through March 30, 2022 for Anderson, Cherokee, Gregg, Henderson, Rusk, Smith, and Upshur counties.

S5174 – based on drought damage and losses occurring November 1, 2021 and continuing for Gregg, Henderson, Smith, Upshur and Van Zandt counties.

The Henderson County office is located at 201 US Highway 175 West.

The phone number is 903-675-3259 with office hours from 8:00 a.m. to 4:30 p.m. Additional information regarding disaster assistance programs can be found online at http://disaster.fsa.usda.gov.

Since the implementation of the 2014 Farm Bill, the FSA has invested an average of $1 billion each year in the stability of our state’s agricultural system.

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Student loan forgiveness would primarily benefit graduate student debtors, DeSantis says https://alexandraandaustin.com/student-loan-forgiveness-would-primarily-benefit-graduate-student-debtors-desantis-says/ Mon, 09 May 2022 09:19:17 +0000 https://alexandraandaustin.com/student-loan-forgiveness-would-primarily-benefit-graduate-student-debtors-desantis-says/ Requirement: “The student debt that’s out there, almost 60% of it is graduate student debt.” — Florida Governor Ron DeSantis. DeSantis, who opposes President Joe Biden’s desire to explore further student debt forgiveness, made the comment during an April 29 press conference. He asked, “Why would you make a truck driver, a waitress, or a […]]]>

Requirement: “The student debt that’s out there, almost 60% of it is graduate student debt.” — Florida Governor Ron DeSantis.

DeSantis, who opposes President Joe Biden’s desire to explore further student debt forgiveness, made the comment during an April 29 press conference. He asked, “Why would you make a truck driver, a waitress, or a construction worker pay off the debt for someone who’s done a doctorate.” program in gender studies?

PolitiFact Ranking: Mostly False. He has it upside down. According to a 2017 analysis by the Congressional Budget Office, about 60% of outstanding student debt came from undergraduate studies. On average, graduate students borrow more money than their undergraduate counterparts, but more people pursue undergraduate studies.

Discussion

As a presidential candidate, Biden promised cancel all undergraduate student debt for individuals earning up to $125,000. More recent talks have involved providing up to $10,000 in student debt relief to people earning up to $125,000. Because the the proposal is still widely debatedit is unclear whether the debt relief would be income-related.

Yet DeSantis’ claim that “nearly 60%” of outstanding student debt comes from graduate school is overstated.

About PolitiFact

PolitiFact is a fact-checking project to help you tell fact from fiction in politics. Truth-O-Meter ratings are determined by a panel of three editors. The burden of proof is on the speaker and PolitiFact evaluates statements based on information known at the time the statement is made.


DeSantis publicist Christina Pushaw referred to a article from the Poynter Institute for Media Studies (which owns PolitiFact).

The article focused on how Biden could act to alleviate student loan debt and quoted the Brookings Institutionwhich stated that “56% of outstanding student debt is owed by households with advanced degrees”.

The main distinction is that the Brookings data focused on indebted households.

Many households have undergraduate debt, even if someone in the household also has a graduate degree. This does not mean that all the debt held has been spent on higher education.

“Assuming that all of a household’s student loans are college debt if anyone in the household has a graduate degree greatly overestimates the amount of college debt,” said Marc Kantrowitza student loan expert.

the CBO examined the picture of student debt in 2017. Of $1.4 trillion in total debt, according to the bureau, about 60% was spent during undergraduate studies. The remaining 40% was spent during graduate school.

So DeSantis has it almost exactly upside down.

The majority of federal student loan dollars disbursed in the 2020-21 school year were borrowed by undergraduate students, by a board reporta non-profit educational group.

According to the College Board, 55% of bachelor’s degree graduates graduated with debt, holding an average debt level of more than $25,000. Although the average undergraduate student borrows less money than their graduate counterparts, the pool of people seeking higher education is much smaller.

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These are the American companies offering abortion-related benefits https://alexandraandaustin.com/these-are-the-american-companies-offering-abortion-related-benefits/ Sat, 07 May 2022 10:30:00 +0000 https://alexandraandaustin.com/these-are-the-american-companies-offering-abortion-related-benefits/ Getty Images, Illustration by Christian Zelaya/Forbes With the repeal of Roe vs. Wade on the horizon, America’s largest corporations are offering travel reimbursement and other benefits to employees in states that restrict access to abortion. This is our live tracker. by Maggie McGrath and Jena McGregor VSAmerican corporations would rather talk about just about anything […]]]>

With the repeal of Roe vs. Wade on the horizon, America’s largest corporations are offering travel reimbursement and other benefits to employees in states that restrict access to abortion. This is our live tracker.

by Maggie McGrath and Jena McGregor


VSAmerican corporations would rather talk about just about anything other than abortion. Climate change? An evidence. Access to voting? An American right. The so-called “bathroom bills”? A threat to the well-being and safety of employees.

But thanks to a leaky draft of a Supreme Court decision that would overturn Roe vs. Wadethe landmark 1973 decision that made abortion a guaranteed right in the United States, CEOs of America’s biggest corporations are being asked to take a stand – and in a growing number of cases, offer new benefits or funds to resolve – which has long been the third rail of American politics.

“As with all things social and political, there is no middle ground anymore,” says Anthony Johndrow, who runs a reputation consultancy solidify who advises companies on engagement in these issues. “Companies have found this to their chagrin, and it would be hard to find a more emotionally charged issue than this.”

Public opinion polls show that workers would appreciate help from their employers. Americans favor legislation that would legalize abortion nationwide by nearly 20 points; a recent Morning Consult poll found that by a margin of two to one, employed adults would prefer to live in a state where abortion is legal; and according to data released last fall, about two-thirds of college-educated workers said they would not move to a state with extreme abortion restrictions.

That’s why more and more companies, amid sweeping restrictions in states like Texas, Oklahoma and Mississippi and ahead of the planned repeal of deerannounce that they will help employees who need abortion services and reproductive health care, wherever they live. For activist shareholders like Shelley Alpern, who leads corporate engagement initiatives at Rhia Ventures, a nonprofit that invests in reproductive health ventures, companies that have remained silent thus far will have to speak up. . “I think their PR firms are advising them to keep quiet about it,” she says. Silence is “not just shameful, it’s so deaf in the moment. These questions are not going away. Half of all people who work in companies are wondering what their benefits are right now. »

In a rapidly changing environment where legislators are already threatens to penalize companies that offer such benefits, some employers may be waiting for the actual Supreme Court ruling on deer. Others would consider special benefits. For now, here are the companies, updated as announcements are made, that have said they will provide assistance to employees facing the hurdles of restrictive laws:

Amazon

Amazon told its U.S. employees, according to a message obtained by Reuters, that it will cover up to $4,000 in travel costs for medical procedures, including abortion. The benefit is retroactive to January 1, 2022 and will take effect if a procedure (any medical procedure, not just abortion) is not available within 100 miles of an employee’s home and virtual care is not available. are not available. The company has yet to respond to a Forbes request for comment.


Merged bank

The syndicate-owned bank said in a statement that it will cover travel expenses “for employees and their dependents who must travel out of state to access reproductive health care.” The benefit includes airfare, gas, hotel and meal expenses, as well as up to five days of child care expenses for an employee’s young children who may need to stay home during the trip. The bank also said it was launching a grassroots fundraising campaign for organizations addressing the access problem called the Reproduction Critical Access Fund (CRAF).


Apple

The company said that her health plan covers abortion care and travel expenses if needed, according to a Wall Street Journal report. Forbes contacted the company for comment.


Bumblebee

Following the September enactment of SB 8 in Texas — the bill banning abortion after six weeks of pregnancy, a point at which many women don’t even know they’re pregnant — Bumble announced a relief for women and people of all genders. by legislation. “Bumble is a company founded and run by women, and from day one we have stood up for the most vulnerable. We will continue to fight against regressive laws like #SB8“, said the company at the time.


Citigroup

In his 2022 proxy statement, the Wall Street bank said that “in response to changes in reproductive health care laws in some states,” it would begin providing travel benefits this year “to facilitate access to adequate resources.” In response, a Texas lawmaker warned he would introduce a bill to prevent the bank from underwriting municipal loans in the state unless Citigroup changes policy. The company said any U.S. employee enrolled in its health plan would be eligible, and the benefit is managed through their health plan.


door dash

The food delivery platform said it will begin covering certain travel-related expenses for employees and their dependents who are enrolled in its health plan and need to travel out of state for health-related care. abortion and living in states where there are barriers to access.


Levi Strauss & Co.

The denim maker said in a May 4 post statement that its current benefits plan makes employees “eligible for reimbursement of healthcare-related travel expenses for services not available in their home country, including those related to reproductive healthcare and abortion “. It also said that employees outside of its benefits plan — including part-time hourly workers — “may seek reimbursement for travel expenses incurred under the same circumstances.” Travel coverage and reimbursement for all forms of medical care not available in an employee’s home state was already part of their benefits package, the company said.

“Business leaders are responsible for protecting the health and well-being of our employees, and this includes protecting reproductive rights and access to abortion,” the company said in its statement. statement. “Access to reproductive health care, including abortion, has been a key factor in the advances and contributions of women in the workplace over the past 50 years. Further restricting or criminalizing access will undermine this progress and disproportionately affect women of color, putting their well-being at risk and hampering various employment channels.


Lyft

In September, the ride-sharing service pledged to protect its Texas-based drivers from the “bonus” portion of SB 8, and in April, following a copycat law in Oklahoma, Lyft’s CEO, Logan Green, announced: by Twitteran extension of benefits, including travel expense coverage for U.S. employees enrolled in the company’s health plan who must travel more than 100 miles to access abortion services.


Matching group

In an internal note released in the fall of 2021, outgoing CEO Shar Dubey told employees she had created a fund for workers affected by SB 8.


Selling power

The software giant told employees in September, according to a Slack message obtained by CNBC, that the company would help employees relocate after Texas passed a restrictive abortion law. According to CNBC, the post read, “If you have concerns about access to reproductive health care in your state, Salesforce will help move you and your immediate family members.” Salesforce co-CEO Marc Benioff also tweeted to his “ohana,” a Hawaiian concept referring to family, that “if you want to move, we’ll help you get out of Texas.” Your choice.” Salesforce did not immediately respond to messages from Forbes On the question.


You’re here

Buried in the new electric car manufacturer 2021 Impact Report– which he posted on Friday, May 6 – referred to an expanded “safety net” program and health insurance coverage that includes “travel and accommodation assistance for those who may need use health services in their country of origin”. Tesla Investor Relations has yet to respond to a Forbes requesting clarification as to whether this policy was created in response to state-to-state abortion restrictions.


united talent agency

In a memo to employees the Hollywood talent agency posted on its site on May 4, CEO Jeremy Zimmer said he would reimburse travel expenses “associated with receiving women’s reproductive health services that are not accessible in their state of residence”. In the noteZimmer said, “We are doing this to support the right to choose which is the foundation of a law that has been established for nearly half a century.”


Yelp

Although Yelp’s health insurance already includes abortion care, it now also offers travel benefits for covered U.S. employees and dependents who must travel out of state to access it, provided by the provider. insurance. In an email to Forbes, the company said it not only covers employees currently affected by restricted access to abortion, but also those who may be affected in the future. On May 3, Yelp co-founder and CEO Jeremy Stoppelman said the company would match employee donations to groups like Center for Reproductive Rights and Planned parenthood until June.

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