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Colorado ranks high in bankruptcy

Colorado has one of the worst bankruptcy rates in the nation, according to the Corporation for Enterprise Development, which released the information Wednesday. In this state, five out of 1,000 people have filed for bankruptcy. This ranks Colorado 44th highest in the nation, behind Tennessee, Alabama, Georgia, Illinois, Indiana, Nevada and Utah. The national bankruptcy… Continue Reading Colorado ranks high in bankruptcy

USAA announces Apple Pay integration

USAA Bank announced Tuesday it will be one of few in the country to offer the new Apple Pay feature when the iPhone 6, iPhone 6 Plus and Apple Watch hit the market this fall. The San Antonio-based bank, which offers its services to current and former members of the U.S. military and their families,… Continue Reading USAA announces Apple Pay integration

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Five factors for being a ‘bankable’ business

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In the literal sense, every business is “bankable,” but understanding what a bank is looking for from business owners is crucial for the relationship to be successful for both participants. Knowing what it means to be “bankable” will help navigate the waters of applying for a loan and serve as a useful tool in preparing… Continue Reading Five factors for being a ‘bankable’ business

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Planners: Save now for retirement

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Planners: Save now for retirement

Saving for retirement is kind of like losing weight, says Colorado Springs financial planner Alan Roth. “There’s no easy answer” as to how much a person should have and when a person should start saving, Roth said. One unknown is future medical expenses — will they crack your nest egg? The more a person ages,… Continue Reading Planners: Save now for retirement

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Millennials have, as of late, been the darlings of negative news coverage. Americans have come to know my generation as one with historically low financial confidence; we aren’t getting married; we tend to be dependent on parents longer; and we carry insurmountable student loan and credit-card debt. I get it: Millennials are a bit frivolous,… Continue Reading Financial tips, from one Millennial to the next

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Experts explain higher education financing options

In a world of few constants, one thing’s for sure: College is expensive, and it’s only growing more costly. Local institutions of higher learning are no exception. UCCS, for instance, saw an increase in its full-time freshman and sophomore tuition rates from $4,695 for Colorado residents prior to the 2013 fall semester, to just short… Continue Reading Experts explain higher education financing options

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Credit union or bank? Do the research

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Credit union or bank? Do the research

Being exempt from federal income tax enables credit unions to offer products at better prices to their members, say officials from both credit unions and banks. “We are not-for-profit,” said John Worthington, Security Service Federal Credit Union executive vice president and chief communications officer. “We have to make some money to establish capital, but we… Continue Reading Credit union or bank? Do the research

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ANB Bank opens new downtown branch

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ANB Bank opens new downtown branch

Colorado-based ANB Bank celebrated the opening of its newest branch Tuesday morning in downtown Colorado Springs. The grand opening of the $5-million bank included a ribbon cutting and dedication attended by representatives of ANB Bank, the Colorado Springs Regional Business Alliance, the Colorado Springs Conservatory and members of the community. “We value the community of… Continue Reading ANB Bank opens new downtown branch

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Integrity Mortgage & Financial Inc., a privately-held Colorado Springs based mortgage banking firm, has completed its test case process with the Federal Housing Administration and has been approved for participation as an FHA Direct Endorsement Lender. The Direct Endorsement status allows Integrity Mortgage & Financial to underwrite and approve FHA loans in-house with its own… Continue Reading Integrity Mortgage and Financial receives Direct Endorsement status

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As we read about the latest bank settlement with the federal government, it may seem that $7 billion is a hefty fine to be paid by Citigroup. Apparently it’s not. Citigroup’s shares were up 3 percent after the settlement, so someone must think it’s a good deal. Some may argue any settlement is better than… Continue Reading Who should be culpable for Citigroup’s bad dealings?

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