continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA already is using its new—and illegal– Field of Membership rules to greatly expand the reach of specific credit unions, the American Bankers Association said Tuesday, in its lawsuit against the agency.The ABA contends that the NCUA has approved expansions that “are not limited to a single ‘well-defined local community, neighborhood, or rural district,’ as required by the Federal Credit Union Act,” the ABA said.In October, the NCUA board approved rules that board members said would provide credit unions with more flexibility to determine their fields of membership. Then-board Chairman Rick Metsger said the rules would make it easier for people to gain access to affordable financial services.
THE Upper Ross suburb of Rasmussen is offering buyers huge value for money with a tidy three-bedroom home recently selling for under $200,000.Craig Pearce from Ray White Kirwan sold 14 Amber Ave for $185,000 on July 13 to an investor impressed with the property’s expected gross yield of 7.5 per cent.Median house prices in Rasmussen have decreased 23.4 per cent in 12 months to $295,000, well below the Townsville average of $340,000 according to the latest CoreLogic figures.Houses are staying on the market for an average of 82 days and 97 houses have sold in the last 12 months.The suburb has a high stock of family-friendly homes and represents a huge opportunity for first home buyers wanting to get on the property ladder or the savvy investor looking for rental return.Mr Pearce said 14 Amber Ave was originally listed for $215,000 before the asking price was dropped to $199,000 which resulted in a huge increase in interest.“The owner has done some painting and put in some new airconditioners so it was well presented,” he said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“Anything under $200,000 attracts first home buyers and investors looking for a good return on their money.“Once it went down under $200,000 we had people coming through the door that tended to be young people looking for a first home, older people looking for an investment and single parent families.” The home is on a 604sq m block and features three bedrooms, separate family room, one bathroom and carport.A large undercover patio leads out to the back yard while there is also a garden shed and solar hot water system. Mr Pearce said property presentation was just as important for affordable properties as it was for luxury homes.“It comes down to the size of the home and the presentation,” he said.“If a home is represented well, is clean and tidy, really well maintained and listed for under $200,000 then it’s going to attract quite a lot of attention.”
Olawale Ajimotokan in AbujaThe Confederation of African Football (CAF) has officially released the cash entitlements of all teams that participated at the 5th African Nations Championship in Morocco, with second-placed Nigeria to earn the sum of $400,000 and not $750,000 as widely touted.The figure is the same amount paid out to the runner-up of the last edition of the competition in Rwanda. It was initially expected that CAF was going to upgrade the prize money of CHAN 2018 to reflect the new sponsor just the way the winner of AFCON 2017, Cameroon was paid upgraded to $4million instead of the previous $1.5million.NFF President Amaju Pinnick, who is also a member of both the CAF Executive Committee and the CAF Emergency Committee, made the clarifications wednesday barelyÂ 24 hours after the Home-based Eagles arrived the country from Morocco with the runner-up trophy.â€œOfficial figures have now shown that hosts and champions Morocco will pocket the sum of $750,000, with silver medallists Nigeria to earn $400,000 and semi finalists Sudan (eventual bronze medallists) and Libya to pocket the sum of $250,000 each.â€œThe four teams that crashed out at the quarter final stage, viz Namibia, Zambia, Angola and Congo will each be $175,000 richer, while the third placed teams in each of the four preliminary groups will get $125,000 each.â€œThe fourth-placed teams in each of the four groups will smile to the bank with $100,000.â€œCAF has spread the monies in such a way that each of the 16 participating teams at the finals would benefit. No team has received its share yet, but once the finance and audit people conclude their work in a number of weeks, the teams would be paid,â€ Pinnick told the NFF website.Super Eaglesâ€™ players and officials, who have been promised 30 per cent of the bonus by the NFF will be smiling to the bank in a few weeksâ€™ time when they get the cash from CAF.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram