SAN ANTONIO, Dec. 10, 2013 /PRNewswire/ — ACE Cash Express stores in the greater San Antonio, Austin and El Paso areas raised more than $10,000 to donate to local charities in the communities they serve.
ACE stores in San Antonio and El Paso chose to raise money for their local chapters of the Boys & Girls Club. Associates in these areas volunteered at these organizations by helping the children with homework, playing games and bringing snacks. Stores in Austin chose to support and volunteer with an organization that is new to Austin, Back on My Feet.
“We are proud to support these organizations and have enjoyed the volunteer opportunities,” said Orlando Chapa, ACE regional vice president. “We appreciate our hard-working associates and our generous customers for making this campaign successful.”
This donation is a part of ACE’s annual nationwide fundraiser, the Give a Little Campaign, which is providing more than $130,550 among local chapters of charities including Back on My Feet, AdoptAClassroom.org, Big Brothers Big Sisters, Boys & Girls Club, Girls Inc., First Book and Junior Achievement.
“We are incredibly grateful for the generosity of ACE Cash Express,” said Angie Mock, Boys & Girls Clubs of San Antonio CEO. ”Together we can work to serve even more of San Antonio’s youth . . . especially those who need us most.”
Since 2004, the ACE Community Fund, ACE Cash Express’ corporate-giving program, has donated more than $7.3 million to charitable organizations throughout the nation and focuses on organizations that help children, support education and promote financial literacy in the communities where ACE has stores.
About ACE Cash Express
ACE Cash Express, Inc. is a leading retailer of financial services, including short-term consumer loans, check cashing, bill payment and prepaid debit card services. ACE has over 1600 locations in 35 states and the District of Columbia. ACE is the largest owner and operator of check cashing stores in the United States and the second largest owner and operator of short-term consumer loan stores in the United States. ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to financial services, which are also offered through an innovative ecommerce platform. For additional information about ACE Cash Express, visit www.acecashexpress.com.
ACE Cash Express on Twitter
ACE Cash Express on Facebook
About Boys & Girls Clubs of San Antonio
Founded in 1939, Boys & Girls Clubs of San Antonio serves more than 8,800 members annually at five branch locations, two project units and 43 on-site school locations. The Clubs provide after school and summer programs that develop and enhance academic success, good character & citizenship, and healthy lifestyles in youth ages six-to-18 years old, paying particular attention to those who need these programs most. As a result of the Clubs’ programs, young people are inspired and enabled to realize their full potential as productive, responsible and caring citizens. For more information, visit the Boys & Girls Clubs of San Antonio website at: www.BeGreatSA.org.
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ACE Cash Express Donates $10,000 Among Local Charities
MANSFIELD, Pa., Dec.10, 2013 /PRNewswire/ – The Board of Directors of Citizens Financial Services, Inc. (CZFS) the bank holding company for First Citizens Community Bank, recently declared a cash dividend for CZFS shareholders.
The cash dividend of $.385 per share is payable on December 27, 2013 to shareholders of record on December 19, 2013. The dividends for the year will total $1.22 per share adjusted for the stock dividend paid earlier this year, which continues to represent an attractive dividend yield. In addition to the cash and stock dividend issued in 2013, the Board of Directors of Citizens Financial Services accelerated the 2013 first quarter dividend of $.38 per share into the fourth quarter of 2012 due to the significant issues in Washington regarding the very complex fiscal cliff tax issues at that time.
The continued strength of our financial performance has permitted us to continue to pay an attractive cash dividend and reflects the Board of Directors’ desire to provide total shareholder return to our shareholder base,” stated Randall E. Black, CEO and President.
Citizens Financial Services, Inc. is an $894 million bank holding company conducting business through First Citizens Community Bank. First Citizens Community Bank operates 17 full-service offices in Pennsylvania and New York as well as two loan production offices in Lock Haven, and Dallas, PA.
For further information regarding the stock of Citizens Financial Services, Inc., please contact any of the following firms: Automated Trading Desk, 866-283-2831; Boenning & Scattergood, Inc., 800-842-8928; Keefe, Bruyette & Woods, Inc., 800-342-5529; Monroe Securities Inc., 800-766-5560; Pershing LLC, 201-413-2700; RBC Capital Markets Corp., 800-959-5951; Sandler O’ Neill & Partners, 212-466-8020; Stifel, Nicolaus & Co., Inc., 973-549-4200; UBS Securities, LLC, 203-719-8710.
Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.
Citizens Financial Services, Inc. Declares Cash Dividend
This is from
cash loan – Yahoo News Search Results:
Home loan approvals rose 1.0 per cent in October – another sign that low interest rates are doing what they’re supposed to.
There were 52,305 approvals in the month, compared to 51,792 approvals in September, according to Australian Bureau of Statistics figures released on Tuesday.
The rise was in line with economists’ expectations.
“It looks like another fairly solid outcome,” National Australia Bank senior economist Spiros Papadopoulos said.
“It’s another indicator that points to the recent strength that we’ve seen in the housing market and growth in the investor sector.
“If you line that up with the building approvals data, which has seen quite a lot of growth in multi-level dwellings, or apartments, that suggests we’re seeing a lot of investor activity in apartments coming through.
“It’s a comfort to the Reserve Bank that low interest rates are working and with no interest rate rise on the horizon any time soon, you’d expect that housing finance approvals and other housing indicators continue to trend higher in coming months.”
JP Morgan economist Tom Kennedy said he was encourage by the increases in housing finance for the purchase of new dwellings, and the construction of dwellings.
“When you look at the breakdown it was fairly broadbased,” he said.
“Construction loans, which is the one that the Reserve Bank of Australia has been targeting, trying to get a bit of a lift in that sector, they were up about one per cent and that is its third consecutive monthly increase, there are tentative signs of life in that sector.
“This is really representative of strength in the housing market and the continual demand for property.”
Mr Kennedy expects the housing sector to continue strengthening in the new year.
“We don’t think at this stage that the uptick in house prices has been too much of a concern for the RBA and activity is coming off pretty low levels, so we think it has a while to run,” he said.
Home loan approvals a good sign for RBA
Consumer loans offer investors the opportunity to own notes (that are paid based on the cash flow from the underlying loan) with interest rates ranging from 6.03 to 26.06 percent. The process of investing in notes is very different from buying stocks or mutual funds. This article takes an in-depth look at the investment process with Lending Club, the leading marketplace for consumer credit.
When investing in notes, there are some important concepts to keep in mind.
Diversification: It’s a good idea to invest in more than 100 notes
Why? Diversification doesn’t guarantee that your portfolio will achieve better returns, but it does increase the effect any one note can have on the returns of your portfolio. In the seven years since the Lending Club platform launched, 99.9 percent of portfolios with more than 100 notes and/or no more than 2.5 percent allocated to any single note have experienced positive returns. By comparison, portfolios with fewer than 100 notes, and/or more than 2.5 percent of the portfolio invested in an individual note, had negative returns 11.44 percent of the time.
Idle Cash Can Negatively Impact Returns: To maximize returns, investors will want to minimize uninvested cash, which does not earn interest.
Many financial services firms, including Lending Club, do not pay clients interest on funds not invested on the platform.The issue of idle cash is particularly important when investing in consumer loans because of how quickly cash can accumulate in an investor’s account. For example, a continually performing 36-month B3 loan will provide cash payments totaling more than the original investment amount in only 18 months.
If an investor does not have a system or service for re-investing cash, the returns on investing in consumer loans can be significantly lower than the average return on the loans themselves.
How It Works
1) Creditworthy borrowers complete a loan application for between $1,000 and $35,000. Lending Club approves approximately 10% of these submitted applications using strict underwriting criteria. Applications meeting the platform’s listing criteria are assigned a grade from A through G and are posted on the platform.
Steps 2 and 3 occur simultaneously
2) Lending Club seeks to confirm the information provided by the borrower. If Lending Club is unable to confirm key information provided by the borrower within 14 days, or finds the information to be inaccurate, the loan is delisted from the platform.
3) Investors get an opportunity to place an order to buy a note, which relates to a portion of a loan. Investors build a portfolio of notes based on their risk/reward preferences. Once there are enough orders to cover the full amount of a loan, no additional new orders can be placed. On average, there is a 7.2 hour window during which a new loan is available on the platform before being fully allocated.
4) Provided Lending Club is able to confirm the key borrower information and the borrower does not withdraw their application, notes are issued to investors. On average, the time between the listing of the loan on the Lending Club platform and notes being issued is 7.5 days.
5) Borrowers begin making monthly payments a month after receiving their loans. Lending Club automatically withdraws payments from borrower’s bank accounts. As Lending Club receives payments from borrowers, the funds are distributed to investors, minus a small fee for Lending Club. An investor with a close to fully invested portfolio could receive between 3 and 5 percent of the portfolio’s value in cash payments each month, although the exact amount will vary based on several factors including the mix of terms and non-payment by borrowers.
Tools for Building a Portfolio
Let’s say an investor wants to open an account with Lending Club with an initial investment of $50,000. For purposes of diversification, the investor wants to have at least 100 notes, and to keep things simple, he or she wants to invest an equal amount in each note. The investor decides to buy 200 notes with an investment of $250 in each note. How is the investor going to make the initial investment, and will he or she reinvest money earned from the investment?
Lending Club currently offers two options for facilitating this process:
1) Using Lending Club’s “Options” to find notes.
2) Using Lending Club’s filters to find notes.
Account holders can access these options by logging in, clicking on the “Account” tab, and then the “Invest” tab.
Using Lending Club’s Build a Portfolio “Options”
In the upper left-hand corner of the screen there is a small “Build A Portfolio” box where an investor can type in the amount that he or she wishes to invest per note. After filling in this information and pushing refresh, three options appear, with different interest rates going from low to high. The interest rates being shown are the average rates of multiple notes. By clicking on a particular option, the investor can review the details of the notes for that option and revise the list of loans presented or any amount allocated to a loan. Once the investor’s review is over and the list meets their criteria,, the investor can place an order to buy all the notes included in the option or remove several notes from the selection.
(The interest rates associated with each option may change each time an investor uses this option, depending on the investor’s request and the notes available on the platform at the time).
Using Lending Club Filters To Find Notes
Many investors have more specific criteria as to the type of notes that they want to buy. Directly under the “Build A Portfolio” box, there is a “Filter Notes” rectangle that enables investors to look for notes currently listed on the platform by specific criteria.
Using Lending Club’s “Options” To Find Notes
At the highest level, an investor may want to buy notes with certain terms (36 or 60 months) or grades; however, Lending Club also enables investors to do extensive filtering of notes using more than 30 criteria. Unlike the “Build A Portfolio” feature, here investors need to manually input the amount they want to invest in each note, and click on each one to add them to an order.
Both of these tools require the investor’s direct involvement to make the initial investment and reinvest the cash flow generated from the loans. To minimize the amount of idle cash, investors may want to regularly visit their accounts – weekly for example – and invest available cash.
To learn more about investing in peer to peer loans see the p2p lending section at Learnbonds.com.
Disclosure: I am a Lending Club client. Additionally, I am the publisher of Learn Bonds on which Lending Club is an advertiser.
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How To Start Investing In Consumer Loans — Building Your Portfolio
, December 09, 2013
There has long been something of a certain amount of fear, perhaps even forbidden, when it comes to the world of short-term lending that says that it is absolutely justified to gain influence in practice. While 3 month loans suggests that today’s modern institutions have little or nothing in the adopted with them in the past, is human nature, of course, to the development of a global image and then tar all participants across the Board for a while, the legendary come.
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Payday loans for bad credit@ http://www.3monthloansintheuk.co.uk/
Here’s %category%-related post from
cash loan – Yahoo News Search Results:
Almost half of more than 500 small business owners polled admitted having cash
The UK’s small companies are experiencing a cash crisis, a report has found.
Almost half of more than 500 small business owners polled by Everline, a
short-term digital lender for SMEs, admitted having cash flow concerns.
Seven in 10 respondents stated that regular access to cash flow was crucial.
But for 29pc, lack of cash flow was actually restricting business growth. A
further 23pc have put marketing on hold, while 28pc paid suppliers late.
According to the research, 18pc of UK small businesses suffer a cash shortage
at least once a month with customers paying late and seasonality the chief
While the majority (81pc) of small businesses said that their cash shortage
was below £10,000 a month, one in 10 had been forced to find extra funds of
up to £30,000. Sole traders across the UK claimed they frequently ran out of
cash, with 90pc reporting a monthly cash flow shortage of up to £5,000.
Recent Funding for Lending figures show that access to credit for SMEs remains
“subdued”. Of the one in five small businesses that applied for a loan in
the past two years, more than half had their application rejected or are
still waiting for feedback.
In fact, 43pc of the small businesses surveyed think the conditions for
lending are worse now than before the economic downturn.
SMEs in the grip of cash flow crisis