New Braunfels Herald Zeitung (Newspaper) - August 24, 1997, New Braunfels, Texas
Herald-Zeitung g Sunday, August 24, 1997 Q9AShowChamber sponsors Sept. 9-10 event
The Ticket Sales Committee for the Business Trade Show, sponsored by the Greater New Braunfels Chamber of Commerce, reported brisk ticket sales for the upcoming trade show.
Chair of the Committee and Vice Chair of the General Committee Ramon Chapa said, u... and we still have three weeks to complete the project. As in previous years, we
expect to have the Sneak Preview sold out before the deadline.”
The Ninth Annual Trade Show will take place in the New Braunfels Civic Center on Sept. 9 and IO.
The Sneak Preview will run from 6. to 9:30 p.m. on Sept. 9 and includes upscale entertainment, cocktails and hors d’ oeuvres and 66 exhibitors displaying their product or services.
Chape said, “This has really become the ‘place to be* and offers area residents the opportunity to network in a business/social environment.**
On Sept IO, the show opens at IO arn and closes at 6 p.m. In addition to the exhibits, door prizes will be offered throughout the day and attenders will have the opportunity to register for the Grand Door Prize to be awarded live on KGNB at 6 p.m. Noon entertainment will be available and at 4:30 p.m. a Happy Hour is scheduled with entertainment and free beverages and snacks.
Tickets are still available through a committee member or may be picked up at the chamber office. Call 625-2385 for additional information.
The ticket sales committee for the Greater New Braunfels Chamber of Commerce’s 1997 Business Trade Show prepare for the Sept 9-10 event at the New Braunfels ! Civic Center.
Check cashers ripping off low-income people, consumer group says
By MARCY GORDON
AP Business Writer
WASHINGTON (AP) — Around the turn of the century, agents known as “salary buyers’* would lend strapped workers a few dollars, then recoup the short-term loan phis a substantial fee when the workers were paid.
These days, a consumer group contends, many low-income Americans are being subjected to the same sort of practice by the growing ranks of neighborhood check-cashing businesses.
The Consumer Federation of America, releasing a survey Thursday, also said consumers forced by rising bard: fees to turn to the storefront outlets are getting soaked with excessive charges to cash their checks there.
A trade group representing the industry countered that many consumers prefer the convenience of check-cashing outlets, which often are open longer hours than banks.
The consumer group, which surveyed 111 check-cashing outlets in 23 of the nation's largest urban areas, found that fees for cashing a paycheck ranged from I percent to 6 percent and averaged 2.34 percent. Fees for personal checks ranged from 1.85 percent to 16 percent, Averaging 9.36 pei^pgt
In a fast-growing sideline, some check-cashing operations also make loans to customers on postdated personal checks to tide them over until their next pay day, at interest rates equivalent to 261 percent to 913 percent a year, tile survey found.
Some 12 million American families cannot afford to maintain regular bank accounts, according to the Treasury Department. Stephen Brobeck, executive director of the consumer group, said more titan half of black and Hispanic households either have no accounts or very small deposits with banks, thrifts or credit unions.
Increasingly, these people are turning to check cashers, often located in low-income and minority neighborhoods but which have recently expanded into suburban areas.
There are now about 6,000 outlets in the United States, cashing more than 200 million checks a year worth some $55 billion, according to the National Check Cashers Association.
Only 18 states regulate check cashers and only 12 of them impose caps on the fees they charge, the Consumer Federation said
“No area of financial services is in greater need of effective consumer protections,*’ said Jean Amt Fox, tHt group’s director.
Homebuyers expecting, more from homes
Lower interest rates help families ‘move up’
Today’s homeowners desire more - more home, that is.
Demand for larger homes with more amenities has increased steadily since 1970, according to a recent report by Hearthstone Advisors. The number of new homes larger than 2,400 square feet has increased significantly from IO percent in the mid-1970s to almost 30 percent today.
“As more and more young
couples establish their careers and begin a family, the desire for additional bedrooms, bathrooms and all-around living space increases,** said Donna Wright, vice president regional manager for the New Braunfels area of Norwest Mortgage, Inc.
“Moreover, many couples begin looking at preferred neighborhoods and school districts.”
Beyond traditional desires for more space, many consumers have taken advantage of low interest rates to move into more spacious
Interest rates nearing 20-year lows also contributed to the “move up” philosophy. Instead of using the low rates to refinance, homebuyers have realized they can purchase more home with little or no increase in their monthly mortgage payment.
Using Norwest Mortgage products, Wright provided the following scenario. Based on the median American annual household income of $32,073 and an interest rate of 9 percent, the average
maximum mortgage amount would be just over $68,000 (assuming $200 per month for taxes and; insurance). The same family would; qualify for mortgage of $83,424; with an interest rate of 7 percent - a: 21 percent increase in buying' power.
“Too often, homeowners settle for a house that will meet only their current needs,” Wright said, “Buyers may be better off paying a little more now each month for a house that will meet their long-term financial objectives.”
Insurance chief names board for health pool
AUSTIN (AP) — A state program meant to make sure Texans have at least one place to turn for health insurance is a step closer to reality.
Insurance Commissioner Elton Bonier named a board to oversee the program Thursday.
Lawmakers ordered the Texas Department of Insurance to organize a Health Insurance Risk Pool to which Texans could turn if they can’t otherwise get insurance because of pre-existing health conditions The pool must be open for business by Jan. 1,1998.
“We... hear almost daily from selfemployed people and others who are desperately seeking individual health insurance bccmottof their pre-existing medical condtfkraA** Burner said.1
“The new pool offers these individuals hope of enjoying the security of health insurance that most of us take for granted.’*
People eligible to turn to the pool:
— Will have to have been rejected by at least two traditional insurance companies.
— Can’t get coverage without an exclusion for their pre-existing conditions or can’t get a policy that doesn’t cost more than a policy from the pool.
— Have a pre-existing condition the board deems a factor making them automatically eligible.
The nine-member board will recommend to Bomer how the program should be run and tile types of insurance coverages offered.' n'
God saw you getting weary, he did what he thought best. He put his arms around you and said come and rest He opened up his golden gates on that heartbreaking day and with his arms you gently slipped away. It broke our hearts to lose you, you did not go alone, a part of us went with you that day God called you home Our family chain is broken and nothing seems the same. But as God calls us one by one, the chain will link again.
March 8,1900 - August 1997
Buelita Juana You are forever in our hearts. We love you and miss you and Mom very much.
The Fuentes Family
Tillman & Tillman adds two to its staff
Tillman & Tillman Realty, Inc., recently added Marie Feder and Charlie Orsag to its staff.
Feder and her family came to New Braunfels for several years to visit. In 1975 she and her husband Orville (now deceased) and her daughter’s family. Joe and Betty Munie and grandchildren, Vickie and Chris Munie, decided to move and call New Braunfels “home.”
In 1976 Feder received her Realtor’s license and in 1978 her broker’s license.
She is a member of Sts. Peter and
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Paul Church, Eagles Lady Auxiliary, Model R R and Conversation Club.
The Deals are Better at
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Orsag has joined Tillman & Tillman as a Realtor Associate.
Orsag, a resident of New Braunfels for 28 years, graduated from Southwest Texas State University in 1992.
He spent the next three years as a wildlife biologist in Hawaii Volcanoes National Park and the Great Smoky Mountains National Park.
In 1995 he became a science teacher at New Braunfels High School; in 1997 he was certified as a real estate agent in Texas.
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