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KINECTA FCU
updated 08/31/15 12:55 PM
Kinecta FCU and Nix Neighborhood Lending (Nix) partnered with Los Angeles Fire Department (LAFD) Fire Station #64 and the Los Angeles Police Department (LAPD) Southeast Division to donate nearly 470 backpacks filled with school supplies to students in Watts. Assemblyman Mike A. Gipson, Los Angeles City Councilman Marqueece Harris-Dawson, and “Sweet Alice” Harris were on hand to show their support.

Kinecta and Nix held a month-long collection campaign collecting nearly 600 backpacks filled with school supplies with additional backpacks donated by the Richstone Family Center, Thomas House Family Shelter, and other schools and community organizations.

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From the Editors of CU Weekly

Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues
HOUSING: NOT TOO HOT, NOT TOO COLD
updated 10/25/13 11:45 AM
Stable Market in Sight
The housing markets in California and Nevada have been raging for more than a year. Prices and sales languished for almost three years after the economic recovery began and the confidence factor kept buyers at bay.

But that changed last year when big investment money started flowing into housing. Several multi-billion dollar and slightly smaller funds sprang up out of nowhere.

The tidal wave of money from Wall Street became caused something to snap on the part of would-be homebuyers. Not only did buyers find a reason to be confident that home prices have bottomed, they finally discovered the power of low mortgage rates.

However, homebuyers found a competitive market instead of a market awash with homes begging for purchasers. The abundant supply of homes had vanished. The market went from ice cold to boiling hot in a matter of a few short months.

Click here to continue reading the latest Economic Perspective column on Page 10 within the October/November edition of Credit Union Digest!

 
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