News from our members

Leominster Credit Union Holding Two Free Homebuyers Seminars

/in /by

Leominster Credit Union is holding two free homebuyers’ seminars in October.  The Fresh Start Mortgage Seminar will be held on Wednesday, October 19 and a First Time Homebuyers Seminar on Wednesday, October 26.  Both will be held at LCU headquarters, 18 Adams Street, Leominster from 6:00pm – 7:30pm.

The Fresh Start Mortgage seminar will address the specific needs of prospective homebuyers who either have a lack of credit or have had past credit issues.  Experts in all areas of budgeting, credit, mortgage, and legal will be present to help attendees.  Participants will learn to create a budget, address their credit issues, and determine the steps needed for home ownership.  To register for this seminar visit http://bit.ly/FreshStartLCU

According to Matt Dufault, AVP of Mortgage Origination at LCU, “Situations such as a job loss, bankruptcy, foreclosure, divorce, or illness can ruin your credit and your ability to buy a home. These situations have become prevalent due to the economic conditions over the past several years.  We’ve seen a number of applicants who once had an excellent credit rating who have found themselves in the unfamiliar position of struggling to get approved for a mortgage loan because of an unusual circumstance or one-time event.”

Dufault also stated, “There was a time when a bankruptcy or other similar circumstance meant a person would not be able to obtain financing for several years.  LCU’s Fresh Start Mortgage Program was designed for people who are getting back on their feet following a negative financial event.”

The First Time Homebuyer’s seminar will have a team of real estate experts including a realtor, attorney and financing professionals present the program.  Topics will include ‘Are you ready to by a home?’ ‘Finding Your Dream Home,’ ‘Obtaining Financing,’ and the ‘Closing Process.’  Attendees will learn about the costs associated with homeownership, how your credit affects your options, making an offer and negotiating the price, the inspection process, and closing.  To register for this seminar visit http://bit.ly/FirstTimeHomebuyerFall

LCU has programs available for not only for first time home buyers, but any buyer who needs help getting mortgage-ready.  Borrowers may be able to qualify for a mortgage much sooner than expected.

Founded in 1954, Leominster Credit Union (LCU) is a member-owned, not-for-profit financial cooperative with a full range of deposit, lending and other financial services. Headquartered in Leominster, Massachusetts, LCU is proud to claim nearly 50,000 members and more than $600 million in assets. LCU has seven branch locations in Leominster, Worcester (2), Clinton, Holden, Sterling and North Leominster with ATM services at all branch locations. LCU also provides 24 hour banking via Mobile and Online services. Visit leominstercu.com or call 800-649-4646.

MWCC Ready to Assist Displaced ITT Technical Institute Students

/in /by

In response to the sudden closing of all 137 campuses of the ITT Technical Institute, including two in Massachusetts, Mount Wachusett Community College is working with the Massachusetts Community Colleges Executive Office and other state and federal agencies to assist affected students with their academic pursuits.

The community colleges are also ready to partner with the U.S. Department of Education, the Massachusetts Department of Higher Education, and the Massachusetts Attorney General’s Office to assist these former ITT students, the MCCEO has affirmed.

The abrupt closure of the schools has affected more than 35,000 students nationally, including approximately 500 students in Massachusetts at campuses in Wilmington and Norwood. More than 100 of the Massachusetts students are veterans. The vocational institute closed Sept. 7, following an Aug. 25 decision by the U.S. Department of Education the for-profit college chain could no longer enroll students that receive federal financial aid.

“These students have had their hopes and dreams dashed just as the new academic year begins,” said Mount Wachusett Community College President Daniel M. Asquino. “MWCC and our sister colleges throughout the Commonwealth are ready to help these students get back on track with their educational goals.”

MWCC welcomes ITT Technical Institute students to enroll in academic programs and courses at our campuses in Gardner, Leominster and Devens, as well our many online academic programs,” said President Daniel M. Asquino. MWCC is recognized as a state and national model for its wrap-around support services for student veterans, available through its Center for Excellence for Veteran Student Success.

Mount Wachusett Community College is encouraging ITT students to meet with an admissions counselor at the Gardner campus, as credits may be earned for college-level learning through alternative educational experiences such as ITT. MWCC offers more than 70 academic degree and certificate programs as well as advanced manufacturing and workforce training options.

More information about this process can be found in the admissions office, where representatives are committed to assisting ITT students with the enrollment process at Mount Wachusett Community College.  For more information, contact Admissions at 978-630-9110 or admissions@mwcc.mass.edu.

For general inquiries and help with federal student loans, please reach out to the Massachusetts Attorney General’s Office at 1-888-830-6277. The Massachusetts Community Colleges Executive Office (MCCEO) works on behalf of the presidents and trustees of the fifteen Community Colleges in Massachusetts – currently representing more than 184,000 students across every region of the Commonwealth. For more information on the 15 community colleges across Massachusetts, visit www.masscc.org/ourcampuses  or call 617-542-2911.

Leominster Credit Union to hold Annual Fall Shred-A-Thon

/in /by

Leominster Credit Union will hold a Shred-A-Thon at its 910 West Boylston Street, Worcester, MA location on Saturday, October 1, 2016 from 9:00AM – Noon.

Members and non-members can get rid of old, sensitive documents by shredding and recycling them at the Shred-A-Thon. All items will be shred on site by a secure shredding service, New England Security Shredders.

Members of the community can bring up to three legal size file boxes or three 13-gallon kitchen trash bags to be shred for free. However we will be accepting donations to Habitat for Humanity during the event. The Shred-A-Thon helps raise awareness about recycling and of course the importance of shredding personal documents to protect against identity theft.

Important documents to bring to the Shred-A-Thon include bank statements, tax returns, medical bills, credit card statements and other personal documents.

For more information contact Joanne Lattanzi, Marketing Manager 978-466-7240 or marketing@leominstercu.com

Founded in 1954, Leominster Credit Union (LCU) is a member-owned, not-for-profit financial cooperative with a full range of deposit, lending and other financial services. Headquartered in Leominster, Massachusetts, LCU is proud to claim nearly 50,000 members and more than $600 million in assets. LCU has seven branch locations in Leominster, Worcester (2), Clinton, Holden, Sterling and North Leominster with ATM services at all branch locations. LCU also provides 24 hour banking via Mobile and Online services. Visit leominstercu.com or call 800-649-4646.