The next morning we picked up the check from the local credit union branch.
For consumers fed up with fees, check out your local credit union or community bank.
My first targeted account (which was actually held at a local credit union) was used to purchase a Nintendo Wii.
But for emerging markets, such flows have traditionally been a mixed blessing, exacerbating local credit booms, and pushing up the value of their currency.
Ulster Unionist Sandra Overend said local credit unions played an important role for many in Northern Ireland and "it is important they are given the proper legislative framework".
One small business owner I spoke with said he had better luck getting his loan approved by local credit union in suburban Maryland after being denied by two big banks.
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But the government's desperate hope is that if it pulls out of the local credit market, interest rates will fall, allowing growth to resume by the end of the year.
And rightfully so, considering that federal investigators had only discovered the kickback scheme conspiracy by happenstance while investigating a local government employee named Nathaniel Ham for largely unrelated crimes at a local credit union where he served as a member of the board of directors.
The country's economy at this moment is built around free-flowing credit to state enterprises and local governments, and that credit comes from these intermediaries.
Refinancing these is becoming harder and putting strain on local banks and credit availability.
Local representatives get credit for an online sale only if shoppers use a drop-down menu to identify them.
In particular, many local banks and credit unions are too small to be covered by the new regulation.
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Post Sandy, victims fill local hotels, not credit card toting spectators eager to spend money in the local economy.
This month China freed interest rates on large foreign-currency loans, and the government recently announced that it would liberalise local-currency credit within three years.
And we guaranteed some of these loans by up to 90 percent, which has given local banks and credit unions the confidence they need to lend.
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Brazil is also wrestling with inflation, thanks to a QE2 fed commodities bubble and local demand for credit and consumer goods and services driving up prices.
It is running at two speeds: steady local demand boosted by credit and strong labor markets on one side, and a weaker industrial and export economy facing strong, imported competition and less demand from the U.S. and European trading partners.
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Money might not be flowing into Brazilian equity ( outflows registered again in March, according to EPFR Global in Cambridge), but money is flowing into bonds, in foreign direct investment, and in credit as local companies and banks opt for dollar loans instead of local loans, bringing more money to Brazil.
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Providing local communities and individuals with access to credit and the skills and education needed to bolster local economies is invaluable in terms of job creation, local innovation and community role modeling, especially for communities of color.
Now is the time for credit unions and local banks to court consumers frustrated with big banks.
In the case of Credit Agricole, local subsidiary Emporiki is the chief concern, with a consumer loan book of 21.1 billion euro as of March 31.
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Nikolay Sobolev, Severstal's finance chief, adds that a further twist to the strategy is for Severstal to build a dealer network to sell high-margin services, such as adapting its vehicles for school and hospitals, providing full-service leasing arrangements and offering credit terms with local banks.
TSB's Brazilian chief, notes, the lack of information on who might be a decent credit risk has made local banks err on the side of caution.
This is good news for state and local issuers who worried that their credit could take a hit because of the fiscal problems plaguing the federal government.
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"I played nice and steady and took a few chances on the front nine and then the wind got up, " he said, before giving credit to his temporary local caddie.
At a time of decentralisation, the committee said it was "incongruous" for the government to be planning to incorporate housing benefit - currently administered by local authorities - into the Universal Credit.
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