Blog Campcee http://blogcampcee.com/ Fri, 27 May 2022 04:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://blogcampcee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Blog Campcee http://blogcampcee.com/ 32 32 The ESG effect | UCNA News https://blogcampcee.com/the-esg-effect-ucna-news/ Fri, 27 May 2022 04:00:00 +0000 https://blogcampcee.com/the-esg-effect-ucna-news/

Environment, social and governance (ESG) is more than a buzzword. ESG has gained popularity globally as a way to assess an organization’s profitability, environmental sustainability and social impact.

Major institutional investors are now expecting companies to commit to ESG criteria, and regulators are putting in place rules to hold listed companies accountable for the effect of their activities on the climate. At the same time, policymakers in more states are trying to discourage companies from using ESG measures.

To concentrate

  • Environment, social and governance (ESG) factors are gaining prominence due to increased regulatory scrutiny and consumer demand.
  • More and more evidence suggests that a high commitment to ESG is correlated with stronger financial performance.
  • Objective of the board: Sound governance is essential to a caisse’s ability to fulfill its mission of serving its member-owners.

While its origins can be traced back to sustainable investing, ESG is becoming increasingly important in financial services because:

  • Regulators and policy makers are paying attention.
  • Consumers, especially young adults, and employees are increasingly demanding more fair, ethical and sustainable organizations.
  • Discipline represents a set of risks and opportunities that are becoming increasingly important for financial institutions.

Credit unions can use ESG as a competitive differentiator and a way to deepen Financial well-being for all™ and advance the communities we serve.

From a macro perspective, ESG represents a move towards a more holistic and balanced approach where companies strive to be ethical, socially and environmentally responsible and able to serve communities beyond their shareholders and management teams.

It is also a more holistic approach that recognizes the links between good governance, environmental sustainability and social responsibility.

ESG factors were previously considered outside the framework of traditional corporate responsibilities. But a transformation has taken place over the past two decades. Outside of government mandates, many companies have started working with stakeholders to solve issues of common concern.

The pandemic, social unrest, and environmental and climate-related events have accelerated the pace of change. According to Korn Ferry, 86% of employees and consumers want to see a more equitable and sustainable post-pandemic world, and 43% of employees are reconsidering their current jobs because their employers aren’t doing enough to address social justice issues.

Mounting evidence suggests that a high commitment to ESG is correlated with stronger financial performance by attracting top talent and customers and reducing costs (e.g. reduced energy consumption) and regulatory and legal burdens, reports McKinsey & Co.

In this context, it is not surprising that ESG and sustainability considerations are increasingly integrated into organizations’ strategies, risk calculations, performance measures and public reporting. According to KPMG, 90% of North American companies report on their sustainability efforts.

“There is a clear opportunity for credit unions to use ESG as a competitive differentiator and a means to advance financial well-being for all.”

ESG risks and opportunities

An ESG approach means that credit unions explicitly consider both environmental risk mitigation and ways to maximize environmental/climate related opportunities in their strategies, planning and actions.

Credit unions are familiar with environmental and climate risks. When natural disasters and weather events strike, they are often among the first responders for their members, staff and communities.

Credit unions have considered these issues since their inception as we continue to lend to farmers and ranchers, as well as small businesses, across the country.

Nevertheless, we can do more, for example by proactively managing these risks and doing more to take advantage of opportunities to expand our portfolio of green loan products.

The benefit of proactively managing these and other climate-related risks is that these losses and the impact on credit union balance sheets are mitigated and the stress and injuries to employees, members and the community are reduced.

Environmental events can lead to economic disruption, infrastructure damage, loss of assets, and member health impacts, which affect how they interact with their financial institution. Often, the impact hits the most vulnerable populations hardest.

This means credit unions must be prepared for late payments, defaults, and the need to provide emergency financing to rebuild homes or provide access to housing and other basic needs.

In addition to addressing environmental risks, credit unions can support affordable and sustainable green and clean solutions to environmental and climate challenges.

This includes working with industry leaders to help them reduce their carbon emissions, funding less carbon-intensive energy sources for homes and businesses, and connecting people who want opportunities. socially responsible investment with green projects located in low-income areas.

Other opportunities include funding projects that promote access to affordable housing, clean water, and healthy, affordable food.

NEXT: A fundamental consideration

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Help military members avoid scams and questionable calls during Memorial Day https://blogcampcee.com/help-military-members-avoid-scams-and-questionable-calls-during-memorial-day/ Thu, 26 May 2022 18:10:09 +0000 https://blogcampcee.com/help-military-members-avoid-scams-and-questionable-calls-during-memorial-day/

Memorial Day is a time to honor those who lost their lives for our country.

Unfortunately, it is also a time to be on the lookout for schemes that target our serving military with a patriotic or military approach.

In 2021, active duty military members reported losing significantly more money ($300) than military spouses ($170) or veterans ($220). While the percentages of military spouses and veterans who said they lost money when exposed to a scam were nearly identical to the percentage of the general population (around 48%), the sensitivity of military on active duty was approximately 42% higher according to the 2021 Better Risk Report from the Office of Business Affairs.

Here are highlights of the scams BBB typically finds directed at service members:

– High priced military loans. Ads for loans that promise a guarantee, instant approval, or no credit check often come with hidden fees and extremely high interest rates. Remember that legitimate lenders will never guarantee a loan before you apply, and loans that require an upfront fee are likely a scam.

– Veterans’ benefit buy-back schemes. This buyout plan will offer a cash payment in exchange for a disabled veteran’s future benefits or pension payments. The cash amount is only about 30-40% of what the veteran is entitled to. These buyout plans can be structured in a number of different ways, so do your research thoroughly before signing on to anything.

– False rental properties. Stolen photos of legitimate rental properties are used in advertisements that promise military discounts and other incentives. Service members will have to pay a fee by bank transfer for security payments or a key to the property – in the end, they will receive nothing.

– Misleading car sales. Websites running classified ads offer fake military discounts or claim to be from military members who need to sell their vehicle quickly since deployment. An initial charge will be required by bank transfer, otherwise the vehicle will have problems after purchase.

– Expensive life insurance policies. Military members are often the target of high-pressure sales pitches that offer unnecessary and expensive life insurance policies. Lawyers can misrepresent the benefits of these policies.

BBB offers the following tips to avoid scams:

– Do your research. Get as much information as possible about a business or charity before you pay or donate. A good start to research would be to visit bbb.org and see if BBB has a report on the company or charity.

– Never transfer money to someone you don’t know. Money sent by wire transfer is virtually impossible to track. Pay or donate by credit card whenever possible, as you can dispute charges more easily.

– Protect your computer. Do not click on links in unsolicited emails. Do not enter personal information on unknown websites. Make sure you have up-to-date anti-virus software installed and use a firewall at all times.

– Put an Active Duty alert on your credit reports upon deployment. This will minimize the risk of identity theft, as creditors and businesses cannot issue or extend credit until they verify identity.

Tips before making a charitable donation:

– Get the exact name of the charity. There are more than 28,000 veterans and military service organizations in the United States. Make sure the one you are asking for is the one you have in mind. Mistaken identity is a common problem.

– Beware of undue pressure to donate. Honest charities will not push to make a donation decision on the spot. Donors always have the choice to learn more about the charity so they can give with confidence.

– Check the website for the basics. Information about the charity’s mission, programs, and finances should be readily available on its website. Look for a report on Give.org.

– Find out if the charity meets BBB Charity standards. Look for a BBB report Give.orgthe BBB Wise Giving Alliance website.

– Check with state government officials. In about 40 states, charities are required to register to solicit, usually with the office of the attorney general or the secretary of state. Keep in mind that registration with any state agency does not constitute or imply the endorsement or recommendation of that state.

BBB’s Military Line provides free resources, such as financial literacy information, access to BBB services, scam alerts, and complaint and dispute resolution for all branches of the US military.

Michele Mason is president of the Better Business Bureau in Chattanooga

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MainStreet Bank promotes Tom Floyd to chief loan officer https://blogcampcee.com/mainstreet-bank-promotes-tom-floyd-to-chief-loan-officer/ Thu, 26 May 2022 13:56:00 +0000 https://blogcampcee.com/mainstreet-bank-promotes-tom-floyd-to-chief-loan-officer/

Floyd, who joined the $1.8 billion-asset banking in 2017, was previously Senior Vice President and Regional Lending Manager. He has consistently been one of MainStreet Bank’s most successful lenders, with a particular focus on home and construction lending. Floyd has been a commercial lender on the washington d.c.banking scene since 2007, working for both local and regional banks.

“Tom has been a lending powerhouse and an excellent team player since joining MainStreet Bank,” said Abdul Hersiburane, Chairman of MainStreet Bank. “We have always managed our loan portfolio with meticulous care, and Tom truly excels at structuring loans to align with our risk tolerance while keeping clients’ changing needs front and center.”

“The metropolitan dynamic Washington The business community continues to generate strong demand for loans,” Floyd said. “I’m excited to work with MainStreet Bank’s lenders and customers to ensure we provide smart and creative solutions to meet the diverse credit needs in our region.

Floyd earned a Bachelor of Science in Finance from Virginia Tech. He is also a graduate of the Virginia Bankers Association School of Bank Management. As Director of Loans, he fills a vacancy created by the departure of an executive who left to pursue another opportunity.

ABOUT MAINSTREET BANK: MainStreet Bank will launch its proprietary Fintech Banking as a Service (BaaS) and Software as a Service (SaaS) solution called Avenu™ later this year to provide a comprehensive solution to the Fintech community. Go to Avenu.bank for more information and join the queue.

MainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon and Washington DC MainStreet Bank has 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not limited by a conventional branch system, as it can offer business customers the opportunity to Put our bank in your office®. With robust, easy-to-use online business banking technology, MainStreet has “put our bank” into thousands of businesses across the metro area.

MainStreet Bank offers a strong suite of business and professional lending products, including government contractual lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet is also working with the SBA to provide 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue debit cards, MainStreet Bank is always looking for ways to improve the experience of its customers.

This release contains forward-looking statements, including our expectations regarding future events that are subject to various risks and uncertainties. Statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “could”, “should” , “expects”, “plan”, “project”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “pursue”, “target “, “continue” and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations include: fluctuations in interest rates market and pricing of loans and deposits, adverse changes in the broader national economy as well as adverse economic conditions in our specific market sectors, future impacts of the outbreak of the new cor onavirus (COVID-19), the maintenance and development of well-established and valued customer relationships and referral sources, and the acquisition or loss of key production personnel. We caution readers that the above list of factors is not exclusive. Forward-looking statements are made as of the date of this release, and we may not take steps to update forward-looking statements to reflect the impact of any circumstances or events occurring after the date on which the forward-looking statements are made. In addition, our past operating results are not necessarily indicative of future performance.

Contact: Debra Cope
(202) 468-3814

SOURCE MainStreet Bancshares, Inc.

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5 ways to avoid getting into debt https://blogcampcee.com/5-ways-to-avoid-getting-into-debt/ Thu, 26 May 2022 03:52:07 +0000 https://blogcampcee.com/5-ways-to-avoid-getting-into-debt/

When people save money, what do they usually do? Because of a better lifestyle tomorrow, they sacrifice what they want today. People can now fulfill their wishes as they come with the help of credit cards, monthly installments and loans.

To support themselves, people are now comfortable going into debt. It’s possible, however, that this level of ease could send things spiraling out of control, leading to unintended consequences.

What is a debt trap?

The term debt trap refers to a situation in which debt grows out of control. When you spend more than you earn, you find yourself in this position. It’s a fact of life that things happen. If you’re not careful, you could end up with a mountain of debt that will take years to pay off.

How to avoid the debt trap?

Identify the problem

Analysis of the current situation and identification of areas of concern. Make a plan to manage the areas over which you have control. You may be able to solve your debt problems by doing a thorough analysis of your current financial situation.

Prioritize your needs

After a thorough investigation

Next, you can categorize your expenses into three categories: necessary, semi-essential, and optional.

Prioritize these costs.

Spend less on semi-essential and non-essential items by changing your behavior or lifestyle.

Consider debt consolidation

If you want to consolidate your debts, you can take out a single loan to pay off all your other obligations at once. You will only have to worry about repaying one loan instead of multiple loans with varying interest rates and maturities.

To pay off your debts, take advantage of your investments

It is possible to reduce your debt commitments if you have invested in high yield schemes such as mutual funds or bank deposits. Following a large debt repayment, you can begin to recover your fortune.

Stop taking on more debt

In addition to increasing your financial commitments, taking out additional loans to pay off your existing debt increases your level of financial and emotional stress. So, stay away from them at all costs.

Set aside money for unforeseen circumstances

It is crucial to maintain a separate emergency fund which is exclusively used to deal with unforeseen financial situations that may arise. For optimal results, an emergency fund should have at least three to six months of living expenses. Without needing a loan, this fund helps you through the bad times.

This money can be placed in a variety of investment vehicles that guarantee high liquidity. While a bank savings account is a useful way to save emergency funds, it doesn’t offer much in the way of interest rates or dividends. Consider putting your emergency money in a bond fund, which guarantees immediate liquidity and higher returns on your money, as an alternative.

Getting your finances under control can help you avoid the pitfalls of debt and achieve financial independence. To avoid exorbitant interest rates and the pitfalls of debt, be sure to pay off your loans and credit cards on time.

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Asia-Pacific e-learning market size to surpass $90 billion by 2026, https://blogcampcee.com/asia-pacific-e-learning-market-size-to-surpass-90-billion-by-2026/ Tue, 24 May 2022 23:00:00 +0000 https://blogcampcee.com/asia-pacific-e-learning-market-size-to-surpass-90-billion-by-2026/

Pune, India, May 24, 2022 (GLOBE NEWSWIRE) —

According to a recent industry report presented by Graphical Research, the Asia-Pacific e-learning market is expected to register its name in the billion-dollar fraternity within seven years, surpassing $90 billion in revenue by 2026.

Disruptions in the orthodox way of teaching and learning due to the COVID-19 pandemic has fueled the share of e-learning industry in Asia-Pacific. Additionally, the exponential growth of smartphones and the availability of high-speed internet have opened up avenues for growth. Faced with an ever-changing business landscape, industry players are gearing up to embrace artificial intelligence and machine learning.

Access sample report pages “Asia-Pacific Online Learning Market Forecast 2026” in detail with the table of contents (ToC) @

https://www.graphicalresearch.com/request/1423/sample

As e-learning becomes the new normal, the confluence of technology with education has sparked innovations across the APAC region. Learning strategy and business models have seen a paradigm shift with the trend towards virtualization and remote working. Online learning has become a preferred learning method, bridging the gap between work and learning.

  1. Mobile e-learning is here to stay

A strong presence of portable gadgets, including laptops, smartphones, and tablets, has led to a robust approach to online learning. A relentless move towards continuous learning mechanisms has encouraged corporate employees to seek out short, modular courses on tablets and smartphones. Additionally, the growing number of SMEs in India and South Korea has given further impetus to advanced mobile learning solutions.

  1. Learning management systems (LMS) are becoming an optimal technology option

COVID-19-induced lockdowns have led to the popularity of LMS in organizations as a course catalog in the formal education system. Notably, the integration of AI and cloud in LMSs has boosted the trend towards e-learning. AI-powered personalization, along with augmented reality and virtual reality, should bolster immersive training. Precisely, VR simulation, 3D paintings and real scenarios will help improve learning engagement. Asia-Pacific e-learning market share of the LMS Technology segment will grow at a healthy CAGR through 2026.

  1. Strengthening e-learning in the university sector

The rise of e-learning amid sudden moves away from the classroom in China, Australia and India has redefined the landscape of the industry. According to the World Economic Forum, around 81%, or 730,000 K-12 students, attended classes through an online platform in Wuhan. Notably, schools in Australia have implemented remote online learning, although a majority of schools have continued as usual. In March 2020, public schools in Australia provided laptop loans to bridge the digital divide between students. The university sector could hold a considerable share of the Asia-Pacific market till 2026.

Request to customize this report @

https://www.graphicalresearch.com/request/1423/customize-this-report

  1. Online learning, a way forward during the COVID-19 pandemic

With the coronavirus accelerating large-scale digitization, the pandemic has heightened the need for LMSs, video conferencing tools, and cloud systems. Educational institutions have shown strong interest in holding online lectures following the onslaught of the COVID-19 outbreak. For example, in South Korea, the Ministry of Science and ICT (MSIT) has partnered with the Ministry of Education and the Ministry of Women and Family to develop new digital learning websites for the software coding and 3D education.

The competitive landscape suggests that industry players are likely to invest in innovations, R&D and strategic alliances. Some of the leading companies in the Asia Pacific e-learning market are Cisco Systems, Inc, Microsoft Corporation, Apollo Education Group, Adobe Systems Inc., SAP SE, Skillsoft Oracle Corporation, Citrix Education, and Meridian Knowledge Solutions.

As remote learning becomes the next big thing in the region, organizations are likely to prioritize learning content to bolster their talent pipeline. Notably, most organizations should take advantage of the pandemic to boost e-learning systems. The shift to virtual learning could be paramount to creating a more effective method of educating learners.

Browse related report:

North American e-learning market Size By technology (e-learning, learning management system (LMS), mobile e-learning, rapid e-learning, virtual classroom), by provider (service, content), by application (academic [K-12, Higher Education, Vocational Training]Business [SMBs, Large Enterprises]Government), Industry Analysis Report, Regional Outlook (US, Canada), Growth Potential, Competitive Market Share & Forecast, 2020-2026

https://www.graphicalresearch.com/industry-insights/1425/north-america-e-learning-market

European e-learning market Size by application (academic [K-12, Higher Education, Vocational Training]Business [SMBs, Large Enterprises]government), by technology (e-learning e-learning, learning management system (LMS), mobile e-learning, rapid e-learning, virtual classroom), by provider (service, content), report of Industry Analysis, Regional Outlook (UK, Germany, France, Italy, Spain, Russia), Growth Potential, Competitive Market Share and Forecast, 2020-2026

https://www.graphicalresearch.com/industry-insights/1424/europe-e-learning-market

About Graph Search:

Graphical Research is a business research firm that provides industry insights, market forecasts, and strategic inputs through granular research reports and consulting services. We publish targeted research reports with the aim of meeting the varied needs of clients, from market penetration and entry strategies to portfolio management and strategic insights. We understand that business requirements are unique: our union reports are designed to ensure relevance for industry players across the value chain. We also provide custom reports tailored to the exact needs of the client, with dedicated analyst support throughout the purchase lifecycle.


        
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		The lending platform announces the professional of the borrower
		https://blogcampcee.com/the-lending-platform-announces-the-professional-of-the-borrower/
		
		
		Tue, 24 May 2022 14:17:00 +0000
				
		https://blogcampcee.com/the-lending-platform-announces-the-professional-of-the-borrower/

					
										

SPRINGFIELD, Mass., May 24, 2022 (GLOBE NEWSWIRE) — HardFunded.com, a lending platform that connects borrowers with lenders, today announced that its lending programs consider borrowers’ professional credentials. This is in addition to reviews of borrowers’ credit and income history.

About 40 million workers in the United States have an occupational license. There are hundreds of professions that require professional licenses, including accountants, doctors, architects, plumbers, electricians, nurses, psychologists, lawyers, pilots, teachers, engineers, massage therapists, barbers, real estate agents and therapists.

“While credit scores are important, professional certification is a better predictor of creditworthiness,” said HardFunded.com CEO Mike Sarrage. “Workers with professional licenses and certificates tend to earn higher incomes on average and are much less likely to default, allowing lenders to offer better rates and longer terms. Our relationships with these lenders allow us to offer these collateral-free loans to those who need cash quickly whether for business or personal use.”

HardFunded.com’s loan offering provides individuals with a certification or license without collateral far larger loans than their competitors. While the majority of unsecured lenders cap their loan limit at $50,000 with terms up to five years, HardFunded.com’s personal loan programs range up to $250,000 with terms up to 12 years. Loans can be used for any purpose, including personal debt consolidation, business working capital, down payments on real estate purchases, and starting a business.

Additionally, HardFunded.com has implemented a unique real estate investor program, requiring a zero down payment of up to $2.5 million. The real estate investment program is designed for borrowers in the long-term rental and new construction sector to provide a quick and easy cash flow solution.

HardFunded.com loan programs are usually funded quickly with minimal paperwork. The company closes most loans within a week, compared to 30-45 days to close a bank loan.

For more information on HardFunded.com loan programs, please visit hardfunded.com.

About HardFunded.com, Inc.

HardFunded.com is a lending marketplace that connects borrowers and lenders. The marketplace offers unique loan programs, including loans for licensed professionals, business start-up loans, and private investment loans for real estate investors. Visit HardFunded.com for more information.

Contact information:
Mike Pearson
mikepearson@hardfunded.com
1-413-342-5626

Related images

Image 1: No secured loans for licensed professionals

No Collateral for Licensed Professionals and No Down Payment Real Estate Investor Loans

This content was posted through the press release distribution service on Newswire.com.

  • No collateral loan for licensed professionals

]]> An Indian credit card user spends an average of ₹14,500 per month, which is 20 times more than debit card users https://blogcampcee.com/an-indian-credit-card-user-spends-an-average-of-%e2%82%b914500-per-month-which-is-20-times-more-than-debit-card-users/ Tue, 24 May 2022 06:27:00 +0000 https://blogcampcee.com/an-indian-credit-card-user-spends-an-average-of-%e2%82%b914500-per-month-which-is-20-times-more-than-debit-card-users/

  • Credit card are no longer in their infancy in India, according to a new report from India’s central bank, the Reserve Bank of India.
  • Although credit cards are still inaccessible to a large part of the population of the country because they require a credit score, they are already more valuable than debit cards.
  • For 12 debit cards, there’s only one credit card – but quantity alone isn’t a good measure of something’s value.

Indians are using credit cards online more than in stores, but that’s just the tip of the iceberg. As digital payments have become increasingly powerful over the past few years, credit cards have also grown in popularity.

Credit cards are still not as widely used as debit cards. But, they are already more “valuable” for banks and other credit card providers. This is because people prefer to use them for “big deals” – which attracts the attention of big spenders.

India’s central bank, Reserve Bank of India, has for the first time explained how Indians use credit and debit cards. Until recently, credit cards were considered a luxury, but they are now more valuable than debit cards.

Credit card users spend more money online than offline

According to data published by the RBI For March 2022, the size of Indian credit card transactions online is on average twice the size of an offline swipe.

Online credit card users and offline spendingRBI / Business Insider India / Thrive

In total, credit card users spent three times more online than offline – they spent ₹68,327 crore in March, while offline spending stood at ₹22,687 crore.

Each credit card transaction is 2 times more valuable than a debit card transaction

Despite the fact that credit cards can often come with a minimum charge of ₹500 per year, credit card transactions are worth much more.

According to RBI data, the average value of credit card transactions stood at ₹9,600 while that of debit cards stood at just ₹3,900.

An Indian credit card user spends an average of ₹14,500 per month, which is 20 times more than debit card users
Credit card vs debit card spendingRBI / Business Insider India / Thrive


Credit card users spend 21 times more than debit card users

Another interesting metric that shows how valuable credit cards are is the fact that credit card users spend 21 times more than debit card users – likely supported by the “pay later” advantage.

An Indian credit card user spends an average of ₹14,500 per month, which is 20 times more than debit card users
Credit Card Spending vs Debit Card SpendingRBI / Business Insider India / Thrive

On average, a user spends ₹14,500 on credit card per month, while debit card spending is only ₹700 per card.

There is only one credit card for 12 debit cards

In March 2022, there were nearly 92 crores of debit cards in circulation, while credit cards accounted for only 7.4 crores.

An Indian credit card user spends an average of ₹14,500 per month, which is 20 times more than debit card users
Credit card vs debit cardsRBI / Business Insider India / Thrive

This is one of those cases where quantity isn’t a good measure of something’s value.

Yet credit cards are more valuable than debit cards

Even though debit cards vastly outnumber credit cards, the total value of transactions made by debit card users is much lower than that of credit cards.

An Indian credit card user spends an average of ₹14,500 per month, which is 20 times more than debit card users
Total transaction value by credit card vs debit cardRBI / Business Insider India / Thrive

Overall, credit card users made transactions of over ₹1,07,000 crore in March, while debit card users stood at ₹91,500 crore. This includes cash withdrawals from ATMs.


Comparison of credit card, debit card and UPI usage

The Unified Payment Interface (UPI) has been a game-changer in terms of payment method in India – from roadside vendor to high-end retail chains and jewelry merchants, UPI is almost universal in all over India.

Nothing explains the magnitude of the UPI than this chart below.

An Indian credit card user spends an average of ₹14,500 per month, which is 20 times more than debit card users
Credit Card vs Debit Card vs Total UPI Transaction ValueRBI / Business Insider India / Thrive

SEE ALSO:

Foreign investors have withdrawn more money this year than they have brought in between 2009 and 2021

India’s central bank confirms another rate hike is coming in June, but vows to soften the blow after May shock

Shares of Tata Steel, SAIL and Jindal Steel drop 16% after export tax shock
]]> Evansville Teachers FCU to Become Liberty FCU https://blogcampcee.com/evansville-teachers-fcu-to-become-liberty-fcu/ Mon, 23 May 2022 22:09:00 +0000 https://blogcampcee.com/evansville-teachers-fcu-to-become-liberty-fcu/

Source: Shutterstock.

Evansville Teachers Federal Credit Union, Indiana’s third-largest credit union, plans to change its name to Liberty Federal Credit Union in September.

The credit union had assets of $2.97 billion and 64,882 members at the end of the first quarter. It surpassed $3 billion in assets on April 30 and now serves more than 265,000 members with 28 branches in Indiana, Kentucky and Tennessee, according to its May 18 press release.

The credit union said it continues to add branches in the tri-states, including a new office in Jasper, Ind., slated to open in summer 2023.

“We are changing our name to better represent all of our members,” said Bill Schirmer, president and CEO of the credit union. “However, you can rest assured that we remain the same nationally recognized credit union, focused on providing superior value for all your financial needs.”

Bill Schirmer Bill Schirmer

Schirmer said the credit union has succeeded because of “its commitment to delivering superior value to its members…exemplified by the credit union’s free verification products.”

Since 2015, it has offered a free, high-interest vertical checking account with an average percentage return now of 3.30% on balances up to $20,000.

The credit union was able to add western Kentucky educational groups in 1992 when it acquired the Owensboro Public Schools Federal Credit Union through a merger. In 2018, the credit union purchased Louisville, Kentucky-based American Founders Bank, which held $113.4 million in assets.

Last year, its assets increased by 20.6%, while its members increased by 9.1%. Its return on average assets for 2021 was 2.23%, compared to 2.14% in 2020.

As of March, it was Indiana’s third-largest credit union behind the Teachers Credit Union of South Bend ($4.5 billion in assets, 338,145 members) and the Indiana Members Credit Union of Indianapolis ( $3 billion in assets, 150,469 members).

The credit union has grown from a workforce of 160 employees in 2012 to 738 employees today. More than two-thirds of these jobs are in Evansville.

Evansville, the third-largest city in the state with a 2020 population of 118,414, already had two other credit unions with “Evansville” in the name: Evansville Federal Credit Union ($93.9 million in assets, 6,460 members) and Evansville Firefighters Federal Credit Union ($28.7 million in assets, 2,299 members).

Evansville Teachers will become the largest credit union with a “Liberty” name, but it won’t be the “first.”

That would be 1st Liberty Federal Credit Union of Great Falls, Mont. ($223.3 million in assets, 16,571 members).

The others are:

  • Calhoun-Liberty Employees Credit Union of Blountstown, Florida ($92.8 million in assets, 5,748 members).
  • Liberty Bay Credit Union of Braintree, Massachusetts ($711.4 million in assets, 25,044 members).
  • Liberty County Teachers of Liberty, Texas ($22.2 million in assets, 2,835 members).
  • Liberty First Credit Union of Lincoln, Neb. ($410 million in assets, 29,910 members).
  • Liberty Savings Federal Credit Union of Jersey City, NJ ($132.3 million in assets, 19,917 members).
  • LibertyOne Credit Union of Arlington, Texas ($168.6 million, 8,890 members).
  • Midwest Liberty Federal Credit Union of McCook, Neb. ($19.9 million in assets, 2,450 members).
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Citrus North explained the different types of loans offered by Canada https://blogcampcee.com/citrus-north-explained-the-different-types-of-loans-offered-by-canada/ Mon, 23 May 2022 07:10:14 +0000 https://blogcampcee.com/citrus-north-explained-the-different-types-of-loans-offered-by-canada/

The subject of interest rates can be an extremely difficult subject to grasp, especially for people unfamiliar with the regulations and rules that govern lending in Canada. Understanding the concept of interest rates is not something you can master on your own. Here is a brief description of the different types of loans.

1. Payday Loans

The payday loan can be between two weeks and two weeks to a month. You can withdraw up to $1,500, but the balance owing is due when your next paycheck is due, so you’ll need to pay on time. In the event that a loan to pay a breakdown cannot be repaid, the borrower has the option of taking out another one or placing it in overdraft on his account until his next payday.

If you are looking for particular areas, you can search for “payday loans in Kamloops” and review the regulations that apply to the specific area. These loans are characterized by high interest rates, usually around $25 per $100 borrowed.

There are, however, cheaper options to use. Some loans offer reduced interest rates when you make a direct deposit or a pre-authorized transfer to the credit card. Payday loan companies that offer the service online, such as CitrusNorth: Instant Approval.

2. Line of credit loans

Unsecured line of credit also called credit loan is a form of overdraft that can be used to pay specific fees. For example, in the event that, for example, you are traveling and have additional expenses associated with your travel plans, these can be paid for through lines of credit or lines of credit.

This is also known as credit loans. The procedure is simple. You can withdraw the amount you want and pay interest until the credit is fully repaid.

If you are looking to get more money, it is possible. There is no limit to the amount you can spend. However, there are some limitations. Some people are not eligible to receive these loans because they are credit loans.

If the credit score is not excellent, chances are you will be refused. Lines of credit are generally not as expensive as payday loans, but they are still dependent on credit rating.

3. Student loans

If you have just graduated or, in certain circumstances, are attending a college, university or university, student loans may be the right choice to consider. They differ from other types of loans in that, instead of requiring collateral for a loan, applicants are required to prove that they are currently enrolled in the institution or have completed a course in the institution. ‘establishment.

They allow you to withdraw the amount you need based on your financial situation and the tuition fees you are currently paying. Also, there are no fees as they do not rely on any type of credit score as a method of determination.

Many students do not realize the obligation to repay loans immediately with withdrawals from their accounts or through the financial aid office of the university or college they attend and paying for the service of financial aid.

4. Citizenship Loans

Citizenship loans are available to people who have recently obtained recognition of their citizenship in Canada. This type of loan is generally offered to people who need cash to settle their file or to cover travel expenses.

It’s usually small amounts of money that have a return. There are no fees as this is a short term loan and you will need to pay it back quickly. It could take just a week for the loan to be credited to your credit card, assuming everything goes as planned.

To qualify for the loan, you are not required to demonstrate that you have a good credit history, but in certain situations when it is your first time applying for the loan after being approved for the loan, they will look at the details of your credit file.

5. Unsecured Loans

Loans that are unsecured do not require collateral and are generally given to those who are able to show a good credit history and low interest rates. People eligible to receive these types of loans are usually those who need funds to cover unexpected expenses or to pay for a longer period.

For example, you may qualify for an unsecured loan if you need money to renovate your home or pay for an essential procedure.

What you are eligible to receive generally depends on the conditions of your work and your income. However, there are other types of credit that are secured, such as movable mortgages, which allow you to obtain more than traditional loans, since they offer a certain proportion in the loan amount in the event that the security is used due to inability to pay.

6. Secured Loans

Secured loans are generally granted to those who have a bad credit history. Because these are people who have bad credit, these loans usually have a higher interest rate, which means you will have to pay higher interest rates for the loan.

Due to higher interest rates and poor credit ratings, this type of credit is usually secured by collateral. That’s why you can get up to $25,000, depending on the type of warranty you decide to test.

If you are seeking a secured loan, you must be at least 18 years old, but there is no age limit if you can prove that you are able to meet the financial obligation. The type of loan must be repaid within a specific time frame, as specified by your lender.

What are the benefits of loans?

They are vital for many reasons. They allow you to achieve your goal of having your own home, even if you are unable to put enough money into your account. Another reason for loans is that they allow those with bad credit to still get some money and can possibly help improve their credit situation.

You can obtain credit that is unprotected and not subject to a higher interest rate. Another reason for the need for loans could be that they allow businesses to grow and grow as most businesses need money to start their business or to increase the scale of their business.

Torben A. Carlsen of Citrus North says loans are an effective instrument that can be used in a variety of ways. The other benefit of loans is the fact that they help individuals become financially self-sufficient by helping them start their own business or buy a house or cover medical expenses that might not be feasible otherwise.

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Consumer Reports recommends 5 gas apps to save money at the pump https://blogcampcee.com/consumer-reports-recommends-5-gas-apps-to-save-money-at-the-pump/ Sun, 22 May 2022 10:13:37 +0000 https://blogcampcee.com/consumer-reports-recommends-5-gas-apps-to-save-money-at-the-pump/

Thanks to high gas prices, daily driving is much more expensive than before. Now, more than ever, find the cheapest places to refuel, improve fuel consumption, and identifying ways to save money at the pump are essential. that’s why consumer reports has compiled a list of free gas apps to help you improve fuel economy. From identifying inexpensive fuel to planning fuel-efficient car trips, these apps are worth checking out.

1. GasBuddy

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If you want to locate the cheapest gas stations and find exclusive offers, points and savings, check out GasBuddy.