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Triangle Credit Union
Triangle Credit Union is a credit union headquartered in Nashua, New Hampshire. It was incorporated on September 16, 1939 for the employees of Nashua Gummed and Coated Paper Company, now known as Nashua Corporation. The purpose of organizing the credit union was to allow both office and mill employees the opportunity to save money and obtain small loans at rates substantially lower than the banks or other savings and loan institutions. When the credit union opened for business, the office was located directly above the Traffic Department of Nashua Corporation on Franklin Street in Nashua. The credit union continued to flourish with steady increases in assets and membership. As World War II escalated, the credit union experienced little growth, since buying war bonds became predominant. However, as the national economy grew, more and more people found a need to save for the future. The credit union showed visible signs of growth during 1944-45. As the veterans returned from World Wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nashua Telegraph
''The Telegraph'', for most of its existence known as the ''Nashua Telegraph'', is a daily newspaper in Nashua, New Hampshire. It was founded as the ''Nashua Daily Telegraph'' in 1869, although a weekly version dates back to 1832. Through the 2000s it was the second-largest newspaper in the state in terms of daily print circulation, behind the ''New Hampshire Union Leader'' of Manchester. In 2020 ''The Telegraph'' reduced its print run to Saturday only, when it produces a weekend edition under the ''Sunday Telegraph'' banner. In the announcement, the paper said it will continue to report news for its website every day. After being family-owned for a century, ''The Telegraph'' was bought in the 1980s by Independent Publications of Bryn Mawr, Pennsylvania, which owned several smaller daily and weekly newspapers around the United States as well as some other businesses. In 2005, the paper's owner bought the Cabinet Press, publisher of weekly newspapers based in nearby Milford, New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Based In New Hampshire
Credit (from Latin verb ''credit'', meaning "one believes") is the Trust (social sciences), trust which allows one Party (law), party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making Reciprocity (social and political philosophy), reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of Goods and services, goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1939
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of Credit (finance), credit and lending that had thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
