Credit Unions

Credit Unions

John Roska: Bank accounts insured up to $250,000

Q: How much are my bank accounts insured for? I remember the limit was raised several years ago, but I thought was just temporary.

Alert credit union employees foil theft

URBANA — Veteran banker Greg Anderson hopes that customers understand when they are asked for identification, it’s merely his employees’ way of trying to protect their assets.

Alert colleagues of his who did that last week prevented thousands of dollars from going out the door of the University of Illinois Community Credit Union.

John Roska: Info on your credit report sticks around for years

Q: How long can things appear on my credit report? Will paying off a debt remove it from my report?

A: Most information can show up on credit reports for seven years. Bankruptcies can be reported for 10 years. Some things can be reported forever. And for some purposes, anything can be reported forever.

Family Checkbook: How to save money when you buy a car

By Kathy Sweedler 

Did you buy a car or truck in the past year? Twenty-four percent of adults surveyed did, according to the latest Report on the Economic Well-Being of U.S. Households. We tend to buy a lot of cars over our lifetimes.

Family Checkbook: Grow your savings

By Kathy Sweedler

Spending money is fun! When you buy something — like a new outfit, or furniture for your house, or a new car — you get to show it to your friends, wear it or use it for a special event. The fun goes on and on! Saving money is not typically this much fun.

It's Your Business: Hilton's first Home2 Suites in Illinois opens

Visitors to Champaign-Urbana have a new option for overnight stays — one with many of the comforts of home.

Home2 Suites by Hilton Champaign/Urbana opened Tuesday at 2013 S. Neil St. in Champaign's Carriage Center complex.

General manager Molly Mooney said the new hotel is the 78th Home2 Suites and the first of that brand in Illinois.

Never too soon — or young — to begin saving

By Kathy Sweedler

No-interest loans for state workers if budget stalemate continues

CHICAGO — State workers will be able to get interest-free loans through Illinois credit unions if a budget impasse continues between Gov. Bruce Rauner and the Democratic Legislature, said State Treasurer Mike Frerichs.

UI credit union makes plans for helping state workers

CHAMPAIGN — The University of Illinois Employees Credit Union is extending help to members who face payroll interruption as a result of state budget negotiations.

Senior Vice President Greg Anderson said the credit union can offer several forms of help, including:

— Offering loan payment deferment.

— Waiving or reducing account fees

2 credit unions downgraded in latest ratings

Two area credit unions were downgraded in the latest evaluation by BauerFinancial, based on regulatory data from the quarter ending March 31, 2015.

Champaign Municipal Employees Credit Union, Champaign, and New Horizon Credit Union, Danville, were rated 4-star ("excellent"), down from 5-star ("superior") in the preceding quarter.