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Take out those pens or pencils and test your knowledge about credit in America and credit card policies by taking this quiz from the Public Broadcasting Station program Frontline. The answers are at the bottom of the page (but don’t cheat) along with more information about credit in America.
1. How many credit cards does the average American family have? Continue Reading Ever wonder how much you know about credit?

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Omaha Financial Holdings Inc. is purchasing Golden-based Peak National Bank. The transaction is expected to be completed within 150 days, subject to closing conditions and necessary approvals.
Terms of the agreement were not disclosed.
The acquisition is the first for Omaha Financial Holdings, a subsidiary of Mutual of Omaha created/chartered in 2007. No significant changes are anticipated in the management or personnel at Peak National Bank.
Peak National Bank opened its first location in Nederland in 1986. It now has locations in Bergen Park/Evergreen, Conifer, Lakewood, Golden, Highlands Ranch and Idaho Springs.
Mutual of Omaha had consolidated assets of more than $19 billion in 2006. Continue Reading Omaha Financial Holdings to acquire Peak National

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The cyberspace world and blogs have brought awareness to topics ranging from widgets to world news — and the world of investments is no exception.
Here is a list of investment blogs I stumbled upon that had some valuable information, or just gave me a good laugh. Continue Reading No lack of financial advice, info in the blogosphere

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The President’s Identity Theft Task Force has released its strategic plan for combating identity theft.
The plan provides information about identity theft awareness, prevention, detection and prosecution. The three areas of focus include: Continue Reading Feds issue strategic plan to help fight identity theft

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Colorado Springs-based Air Academy Federal Credit Union has merged with Independent Group Credit Union.
The merger brings the credit union’s assets to more than $303 million, and membership to more than 45,000.
Independent Group Credit Union’s office at 705 N. Nevada Ave. will take on the Air Academy Federal Credit Union name, but remain staffed with Independent Group’s employees. Continue Reading Air Academy joins forces with Independent Group

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The Internal Revenue Service recently announced that more than one million business taxpayers have electronically filed tax returns so far this year. Corporate e-filed returns have increased by nearly 50 percent compared to this period last year.
To date, the IRS has processed more than 200,000 business returns, about 50,000 of which were returns for corporations. More than 410,000 corporate taxpayers have e-filed returns. Continue Reading IRS E-File for business tops one million returns

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Taxpayers are creative when it comes to explaining why they haven’t filed their income tax returns.
According to a survey commissioned by H&R Block, more than half said they are too busy, too scared or too good at coming up with another excuse. Continue Reading The dog ate my return —really not a good excuse

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Small business owner optimism remains high

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The Wells Fargo/Gallup Small Business Index dropped four points during the first quarter of 2007 to 110, compared to a record high of 114 during the fourth quarter of 2006.
The index tracks six measures (financial situation, cash flow, revenues, capital allocation, job hiring and credit availability) for current and future expectations. Continue Reading Small business owner optimism remains high

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5Star Bank moving HQ from Virginia to Springs

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5Star Bank is moving its headquarters to Colorado Springs from Alexandria, Va.
It’s also trying to shed its image as just a “military” institution.
The bank is part of Armed Forces Benefits Association, which was established in 1947. Membership in AFBA is available to all members of the military, Department of Defense, Department of Homeland Security and other federal employees, military contractors, state and local employees, and their families. Continue Reading 5Star Bank moving HQ from Virginia to Springs

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Wells Fargo & Co. is offering online banking services for people who are blind or visually impaired.
Wellsfargo.com is the only financial institution Web site that is certified by the National Federation of the Blind. Other organizations that have been certified include Hewlett-Packard and the U.S. Social Security Administration. Continue Reading Wells Fargo’s Web site certified for use by blind

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