Month: January 2021

VERMONT FEDERAL CREDIT UNION RE-ELECTS TWO TO BOARD, CREDIT COMMITTEE, NAMES OFFICERS

first_imgBURLINGTON, VT-Two members of Vermont Federal Credit Unions board of directors were re-elected in its 52nd annual meeting, held during the $140 million asset credit unions annual meeting on Saturday, February 26th, 2005, at the Clarion Hotel in South Burlington.Re-elected to three year terms were:” Curran Spike Robinson-Former representative to the state legislature from Richmond.” Gilbert Tabor- director of the Vermont Service Center of the Immigration and Naturalization Service in St. Albans.Immediately following the annual meeting, the board elected the following officers for the coming year:” Chairman-Curran Spike Robinson” Vice Chairman-Gilbert Tabor” Treasurer-Joseph Finnigan, President/CEO” Secretary-Jean IshamOther members of the board include:” Joan B. Wilson” Jeffrey McDonough” Douglas FisherRe-Elected to three year terms for the Credit Committee were:” Susan Horsford” Robert MahaneyOther members of the committee include:” Paulette Bergeron” Jeffrey Young” Mary Anne LafayetteWHY VERMONT FEDERAL CREDIT UNION: VTFCU is a $140 million financial institution, currently serving over 21,000 members. The credit union provides membership to anyone who lives, works, worships or attends school in Chittenden, Grand Isle, Lamoille, Franklin, Washington, or Addison Counties in Vermont.###last_img read more

Vermont foreclosures among lowest as US rate still at record high

first_imgTotal U.S. non-current* loan rate:13.5 percent (Vermont 8.1 percent) States with most non-current* loans:Florida, Nevada, Arizona, Mississippi, California, New Jersey, Georgia, Illinois, Ohio and Indiana SOURCE Lender Processing Services, Inc. 4.12.2010. JACKSONVILLE, Fla/PRNewswire-FirstCall/ — Total U.S. foreclosure inventory rate:3.3 percent (Vermont 2.0 percent) Vermont continues to ahve one of the lowest foreclosures rates in the country, but the national rate is still at a record high, though it appears to be finally leveling off. The latest Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, shows that the total number of delinquent loans was 21.3 percent higher than the same period last year. Although the data showed a small 1.45 percent seasonal decline in delinquencies from January 2010 to February 2010 month-end, the national delinquency rate still stood at 10.2 percent. The report is based on data as of February 2010 month-end.The nation’s foreclosure inventories reached record highs. February’s foreclosure rate of 3.31 percent represented a 51.1 percent year-over-year increase. The percentage of new problem loans also remains at a five-year high. The total number of non-current first-lien mortgages and REO properties is now more than 7.9 million loans. Furthermore, the percentage of new problem loans is also at its highest level in five years. More than 1.1 million loans that were current at the beginning ofJanuary 2010 were already at least 30 days delinquent or in foreclosure by February 2010 month-end.As a result of the federal government’s Home Affordable Modification Program (HAMP), delinquent loans that were modified and that remained current through HAMP’s three-month trial period called “cures-to-current” have increased. Advanced delinquency rolls, however, remain elevated from a historical perspective.Other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate:10.2 percent (Vermont 6.1 percent) States with fewest non-current* loans:North Dakota, South Dakota, Alaska, Wyoming, Nebraska, Montana, Vermont, Colorado, Washington and Minnesota *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets.LPS manages the nation’s leading repository of loan-level residential mortgage data and performance information from approximately 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report.To review the full report, listen to a presentation of the report or access an executive summary, visit http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx(link is external).About Lender Processing ServicesLender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop), portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com(link is external).last_img read more

Veterans health clinic to open in Newport

first_imgSenator Bernie Sanders (I-VT) today announced that the US Department of Veterans Affairs will open a new community-based health clinic in Newport this month.The clinic will provide veterans in the Northeast Kingdom greater access to primary health care without having to travel long distances.“People who have put their lives on the line for our country deserve the best health care we can provide and that means providing care where they live,” Sanders said. “The Newport clinic should save veterans who live in the Northeast Kingdom a lot of time and trouble traveling to White River Junction to get the care they deserve.”Sanders is a member of the Senate Veterans Affairs Committee. To address health care needs of veterans in rural areas, Sanders urged the VA to open another Community-Based Outpatient Clinic in the Newport area after hearing from Northeast Kingdom veterans. The new clinic will open its doors on August 12 on the campus of North Country Hospital at 189 Prouty Drive in Newport.  A grand opening is schedule for noon on September 9.  The clinic, initially, will open every Thursday from 8 a.m. to 4:30 p.m. and two Wednesdays every month from 10:30 a.m. to 7 p.m.  The clinic could expand its hours of operation, size and service available if demand dictates such a change.  The community clinics usually provide access for veterans to primary care physicians, laboratory tests, medications, mental health services, and preventative services such as flu shots. Community Based Outpatient Clinics are part of a national effort to transition the VA from a hospital bed-based system of care to a more efficient health care system focused on primary care. These clinics are chosen based on an analysis of the distance to other health care services, accessibility, relationships to other veterans’ services, and possible care-provider partnerships. The Newport clinic will be the sixth operated by the White River Junction VA Medical Center.  The other clinics serving Vermonters are in Bennington, Brattleboro, Colchester, Rutland, and Littleton, N.H.Source: BURLINGTON, August 2, 2010. Sanders Office.last_img read more

Northern Power of Barre gets $620,000 energy grant

first_imgThe US Department of Energy awarded $620,000 to Northern Power Systems of Barre, Vt., to help boost the speed and scale of midsize wind turbine technology, Vermont’s congressional delegation announced today.Sens. Patrick Leahy (D-Vt.) and Bernie Sanders (I-Vt.) and Rep. Peter Welch (D-Vt.) said the grant will accelerate the development of wind turbines manufactured in the United States.The delegation had urged U.S. Department of Energy Secretary Steven Chu to support the proposal that they said is projected to create additional jobs at Northern Power and its suppliers and ‘has the potential to meet a critical need in America’s growing green economy.’‘Northern Power Systems greatly appreciates the support of our congressional delegation,’ said Jim Stover, vice president of product management and engineering for the Barre-based company. ‘Selection by DOE validates our world-class technology position in permanent magnet direct drive turbine development.’A planned 450-kilowatt turbine is expected to reduce the cost of energy generated for schools, farms, factories, and other facilities. The turbines are small enough to install on site, reducing the need for new transmission wires.The grant to the Vermont company was announced as part of $5 million awarded nationwide to support wind energy development.‘Wind power holds enormous potential to help reach our nation’s clean energy goals,” said Secretary Chu said. ‘Today’s awards will help better integrate wind energy into the electrical grid and will support the development of midsize wind turbines that can be used to provide renewable electricity in communities across the country.’Each of the grant recipients will be eligible to apply for a second phase with up to $4 million in additional funding available. Source: Vermont delegation. September 13, 2010last_img read more

Starksboro solar tracker to produce 100 percent of electricity for school

first_imgRobinson Elementary School, the Town of Starksboro, Vermont, and AllEarth Renewables, Inc. of Williston, Vermont have partnered to install 25 AllSun Trackers® on a field adjacent to the school.  Over the course of a year, the 100 kilowatt (kW) photovoltaic array is expected to produce enough electricity to provide 100% of the electricity used in both the school and the town offices. “With schools, you need to have more than one reason to do something and this project helps us reach multiple goals at once,” said Dan Noel, Principal of Robinson Elementary. “It fits perfectly with our goal of reducing our environmental footprint, gives a hands-on focus to the energy curriculum, and will save the school money in the long-term as we have locked in our electric rate for at least the next 5 years.”Students from Robinson Elementary School in Starksboro, Vermont with their AllSun Tracker installation which will provide 100% of the electricity used in both the school and Town of Starksboro’s offices. Photo by Trent Campbell, Addison Independent. (PRNewsFoto/AllEarth Renewables, Inc.)”This is a great example of a community working together to take responsibility for their energy needs,” said Anne Bijur, Marketing and Communications Coordinator at AllEarth Renewables. “The Selectboard started with a great idea and approached the Robinson School Board who quickly saw how this solar installation could help both the town and school save money. We are especially excited about this project as it is the largest one we have completed for a school. The students will grow up with the idea that solar power is, and should be, a regular part of their everyday lives.”The AllSun Tracker is a complete grid-connected solar electric system which consists of photovoltaic panels mounted on poles installed in the ground.  The system uses a GPS (Global Positioning System) and a dual axis rotation to keep the solar panels at a perpendicular angle to the sun’s rays throughout the day.  This maximizes the amount of light reaching the panels, which in turn maximizes the amount of energy generated,  providing as much as 40% more electricity than fixed panel installations of the same size.  More than 300 AllSun Tracker solar electric systems have already been installed in Vermont to date, representing a total generating capacity of over one megawatt of renewable energy.About AllEarth Renewables, Inc. www.allearthrenewables.com(link is external)AllEarth Renewables, Inc. is a Vermont company that specializes in the design, manufacture and installation of complete grid-connected wind and solar renewable energy systems that lessen dependence on nuclear and fossil fuels and reduce greenhouse gas emissions. The company’s goal is to provide turnkey products that harness the power of wind and sun for homes and businesses while creating sustainable, well-paying jobs.SOURCE AllEarth Renewables, Inc. STARKSBORO, Vt., Oct. 27, 2010 /PRNewswire/ —last_img read more

Route 107 work continues, segments remain closed to all non-emergency travel

first_imgDue to damage from Tropical Storm Irene, the Vermont Agency of Transportation (VTrans) has closed the approximately 1.5 mile section of Route 107 in Stockbridge between Tozier’s Restaurant and Lambert’s Chainsaw Repair to all traffic except emergency vehicles.The stretch of Route 107 in this area was completely washed away by Tropical Storm Irene. Roadway reconstruction efforts have been hampered by recent rains, which destabilized roadway embankments and caused trees to collapse into the construction area. Restoring access to Route 107 is a state priority. Crews are working diligently to repair the road, stabilize the embankment and clear trees that are in danger of falling into the roadway. Although crews are allowing emergency vehicles to traverse the roadway if necessary, the area is not safe for public use and remains closed to all personal vehicles, including local traffic. Realizing that this closure restricts people from accessing their homes, VTrans is quickly working to make the area safe for local traffic, and hopes to restore limited local travel by the end of the week. Beginning sometime later this week, VTrans, barring any unforeseen setbacks, plans to reopen this 1.5-mile segment of Route 107 only to local traffic, and then only between the hours of 6 pm and 7 am. The exact day and time that limited public access will be allowed is unknown. Limiting local access to the hours between 6 p.m. and 7 a.m. is necessary to maintain public safety. The restriction will keep vehicles out of the roadway when construction crews are working, but will allow residents to leave their homes early in the morning and return later that same evening. Once the roadway is reconstructed to the point where construction crews and local traffic can safely use the area together, VTrans will alter the time restriction and allow local vehicles to access nearby homes for an increased period of time. As for full public access, VTrans does not yet have a timeline. Route 107 in this area is one of the state’s most severely damaged roadways, and the Agency asks for everyone’s patience while construction crews make repairs.  VTrans. 9.13.2011last_img read more