Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Tax credit extension boosts CUs sales in Vermont
BARRE, Vt. (11/9/09)--An $8,000 federal tax credit to help buyers on the purchase of their first home has been extended until April, and lenders in Vermont, including a credit union, said the tax credit is helping them make more loans. A bill passed Thursday in the House extends the tax credit, which was scheduled to expire Nov. 30. Vermont State Employees CU, Montpelier, Vt., said it is handling about a half-dozen transactions that may not have taken place without the tax credit (Times-Argus Nov. 6). “It’s created an opportunity for some first-time homebuyers to come in with some cash and know they’ll have cash at the end of the year to offset the 20% down that they have to come up with,” Chuck Karparis of the credit union told the newspaper. More than 2,000 homebuyers in Vermont have taken advantage of the tax credit as of mid-September, according to the Internal Revenue Service. The bill passed Thursday also provides up to $6,500 for existing homeowners if they have lived in their homes for five consecutive years. Vermont State Employees CU has $427 million in assets.
Other Resources

RSS





print
News Now LiveWire
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
5 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
7 hours ago