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Achieva Credit Union acquires Coast 2 Coast Financial Credit Union

Achieva Credit Union today announced a definitive agreement to merge with Tampa-based Coast 2 Coast Financial Credit Union, with 1,900 new members in the process. Terms of the merger, which has been approved by Achieva and Coast 2 Coast's boards of directors, have not been disclosed. After receiving approval from the National Credit Union Administration and the Florida Office of Financial Regulation, Coast 2 Coast is expected to request final approval from its members in early 2021. The Coast 2 Coast office in the Sabal Park area will become an Achieva office, with membership for anyone living or working in…

Agricultural Credit: India needs a Bharatiya Kisan Bank

Aside from KCC, big farmers take agricultural credit in millions of rupees at 9-10% interest and lend them again to small farmers at 36%. Sometimes they even put the money in a fixed deposit from the same branches.By K Yatish RajawatIn its budget for FY22, FM Nirmala Sitharaman announced two specific reforms for the banking sector. A new ARC and AMC to house some of the NPAs and bring back Term Loans to Domestic Financial Institutions (DFI). These measures are aimed at improving credit growth and flow. DFIs are mainly aimed at reviving project finance; hopefully lessons from the past…

The solution to the tax credit that many cannot afford to miss

Families battered by the pandemic recession may soon discover that the tax refund they are counting on is significantly smaller - or that they actually owe income tax. Congress offered a partial solution, but the solution has not been widely disclosed, consumer advocates say.Repayments are crucial to many lower- and middle-income households, who use the money to catch up on bills and catch up on medical treatment, pay off debt, and drive savings.But the unemployment insurance that kept many people afloat last year could cause problems this year during the tax period. Unemployment benefits are taxable, but tax withholding is…

Office Depot increases the size of the credit facility to $ 1.3 billion and extends the maturity date to April 2025

Office Depot Inc. ODP, + 1.00% Shares were up 3.1% in premarket trading on Monday after the company increased the size of its asset-based credit facility to $ 1.3 billion. The refinancing also extends the expiry date to April 2025. The office supply retailer has terminated the term loan agreement that expired in 2022. Office Depot stores will remain open to sell essential supplies, including cleaning and personal care products, as well as used items. for home offices and homeschooling. "Combined with the $ 87 million cash proceeds from the January Timber maturity date, these actions further simplify our balance…

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