Here is the synopsis of our sample research paper on How to Manage the Collection Process at New Haven Postal Employees Federal Credit Union. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This is a 10 page paper which discuss how to improve the collection process at credit unions.
The bibliography has 3 sources.
Page Count:
10 pages (~225 words per page)
File: D0_JHColl.rtf
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Unformatted sample text from the term paper:
the Credit Union has been helping working individuals take control of their finances since 1951 (New Haven..., 2006). The New Haven Postal Employees Federal Credit Union received its federal
charter on May 17, 1951 (New Haven..., 2006). From it inception, the Credit Union started to expand and eventually started merging with other small postal employee credit union. The
main Credit Union office is located at 50 Brewery Street, New Haven, Connecticut for the majority of its existence (New Haven..., 2006). This particular Credit Union, like most credit unions,
is a not-for-profit co-operative financial institution that is owned and controlled by its members, through the election of a volunteer Board of Directors elected from the membership itself (New Haven...,
2006). Only a member of a credit union may deposit money with the credit union, or borrow money from it (New Haven..., 2006). A credit union differs from a traditional
financial institution (banks, savings and loan, etc.) in that the members who have accounts in the credit union are the credit unions owners. Since a credit union is a co-operative
institution, its policies governing interest rates and other matters are set to benefit the interests of the membership as a whole; for example, credit unions often pay higher dividend (interest)
rates on shares (deposits) and charge lower interest on loans. Credit union revenues (from loans and investments) do, however, need to exceed operating expenses and dividends (interest paid on deposits)
in order to remain in business, and this excess is used to expense loan losses and build capital. Credit unions offer many of the same financial services as banks, including
savings accounts, checking accounts, credit cards, and certificates of deposit. The New Haven Postal Employees Federal Credit Union initially offered its members the most basic financial needs, which included
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