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.
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.
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.
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.
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.
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.
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
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.
One area credit union was upgraded in the latest evaluation by BauerFinancial, based on regulatory data from the quarter ending Dec. 31, 2014.
Clifford-Jacobs Employees Credit Union, Champaign, improved to a 5-star ("superior") rating, up from a 4-star ("excellent") rating.