Filling a financial gap in Eastern Oregon
While employment by the Confederated Tribes of the Umatilla Indian Reservation drives an economic engine, tribal members and reservation residents lack access to traditional banking. Nixyaawii Community Financial Services is working to bridge that gap.
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May 13, 2021
Nixyaawii Community Financial Services chief operating officer Dave Tovey (left), chief financial officer Becky Cain and business development counselor Raven Manta in the new offices near the Wildhorse Resort & Casino. The community development financial institution serves residents of the Umatilla Indian Reservation. (Photo by Wil Phinney, Underscore.news)
While employment by the Confederated Tribes of the Umatilla Indian Reservation drives an economic engine, tribal members and reservation residents lack access to traditional banking. Nixyaawii Community Financial Services is working to bridge that gap.
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As part of its ongoing investigation into the Federal Reserve’s administration of pandemic relief lending programs, House Select Subcommittee on the Coronavirus Crisis Chair James E. Clyburn sent a letter to Fed Chair Jerome Powell on May 7. The letter seeks documents and information regarding the Fed’s administration of the Main Street Lending Program and Municipal Liquidity Facility. Rep. Clyburn expressed concern about the “delayed implementation” and “limited reach” of the programs. He said: “I seek to better understand the performance of the Fed’s pandemic relief programs to determine whether those programs achieved their intended objectives and whether similar programs may be useful in responding to future crises.”
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UE leading civil rights bus tour in July
UE leading civil rights bus tour in July By 14 News Staff | May 12, 2021 at 2:18 PM CDT - Updated May 12 at 6:31 PM
EVANSVILLE, Ind. (WFIE) - The University of Evansville will lead an eight-day civil rights bus tour in July that will explore historical sites and events in cities of the South.
Officials say students will learn valuable lessons at each stop.
Journey to Justice is open to local high school juniors and seniors, and registration is open through June 30.
Scholarships are available for students in need.
From July 24-31, participants will visit museums, churches, and more across the cities of Montgomery, Alabama; Birmingham, Alabama; Selma, Alabama; Memphis, Tennessee; and Louisville, Kentucky.
Belding Area Schools saves taxpayers money with bond refunding project
Ionia Sentinel-Standard
BELDING Belding Area Schools has completed its fourth bond refunding project in five years, which saves roughly $5 million in taxpayer dollars.
The BAS Board of Education announced the sale of its federally taxable 2021 refunding bonds for $11.38 million, according to a news release.
The 2021 bonds are “being issued for the purpose of refunding certain outstanding indebtedness” of BAS to the state under the state’s School Bond Qualification and Loan Program and to pay the costs of issuing the bonds, per the release.
BAS estimates a $1.3 million reduction in repayments to the state due to the 2021 bonds. It included assumptions regarding the district’s taxable growth value rate and the interest rate charged by the program.