About Service Credit Union
Service Credit Union
3003 Lafayette Road
Portsmouth, NH 03801
For Immediate Release: March 19, 2014
For More Information: Karen Benedetti, 603-422-7827
Lori Holmes, 603-422-7832
Facebook visitors can enjoy new loan calculator tool
through Service Credit Union page
PORTSMOUTH (March 19, 2014) – Visitors to Service Credit Union’s Facebook page can now use Calcubot, the credit union’s new auto and mortgage loan calculators.
Service Credit Union Facebook visitors are walked through the simple social media loan calculator with the current credit union rates to get estimated payments for autos or mortgages in seconds. There is also a link so the user can be taken to Service Credit Union’s online application site for a one-stop shopping experience.
Facebook users can share Calcubot’s calculations with their Facebook friends, asking them for their advice by simply clicking on the “Ask a Friend” button. It’s a fast, easy, and free way to estimate future payments.
“With our members’ busy schedules today, this new social media tool satisfies the members’ needs for efficiency and accessibility which is why Service Credit Union now offers Calcubot,” says Gordon Simmons, President/CEO of Service Credit Union. “Facebook is the most popular site on the Internet and we want to offer our products and services where our members frequent.”
Service Credit Union is a full service financial institution with more than 184,000 members worldwide, offering a wide range of financial products to its members. With 42 branch locations including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $2.3 billion in assets, Service Credit Union has 25 branches in New Hampshire, one in Massachusetts, and 16 branches on U.S. military bases in Germany.
Invitation to Donate corrected click for full details
Lebanon College Announces Cancellation of Fall Classes
LEBANON — Fall classes at Lebanon College have been canceled, due to low-enrollment and the
community college’s high debt, said college president Ron Biron.
“Without a substantive Fall increase in enrollment across the board and particularly in the areas of our
allied health programs and certificates, we feel this is the first step towards closing Lebanon College,”
Biron wrote in an email Tuesday. “It truly is disappointing to our entire team who’ve worked on creating
an academic culture that is student-centered while adding value to local (New Hampshire) and (Vermont)
employers. Ultimately, the response was not there, thus our decision to begin closure.”
The cancelation of classes affects 53 full-time students, 18 of which would have been new to the college
Biron said Lebanon College has approximately $2.2 million in debt involving both the academic buildings
on the mall. Biron said he is currently in strategy talks with the college’s lender and senior banking office
on real estate.
“We are working on strategies that involve our current students and providing academic resources with
other institutions or a teach-out plan with Lebanon College,” he wrote.
In a statement on behalf of the college’s Board of Trustees, chairman Arthur Gardiner, said, “It is with
heavy heart that we have decided that the College cannot responsibly begin the fall term because
anticipated revenues will not be sufficient to sustain operations through the term. The Board has voted not
to begin classes for the fall and to work with current students to make arrangements to complete their
courses of study. Lebanon College has been an important asset in the Upper Valley for over fifty years. We
are distressed that we have no other option.”
Expenses have substantially exceeded revenues for many years at Lebanon College, Gardiner said. The
college has also battled low enrollment.
“Recently the College has attacked this problem by expanding a curriculum of academic certificate
programs designed to give students credentials needed for local employment. This has been facilitated by
accreditation from the Accrediting Counsel for Independent Schools and Colleges that has made students
in those certificate programs eligible for federal financial aid,” Gardiner wrote. “Over the past two years
the college has made important progress down the path we have chosen. We had looked forward
expectantly to a big jump in enrollment this fall from the College’s recent Allied Health initiative. But as it
turns out, less than half the hoped for number of new students have signed up. We do not have enough
students to make the College financially viable.”
Lebanon City Manager Greg Lewis said Tuesday he was made aware of the college’s financial crisis last
week and had the city’s grant writer reach out to college officials. Unfortunately the timeframe was too
short to find alternative funding other than more debt, Lewis said.
“The financial challenges have been going on at the college for a while, this is just one more step,” Lewis
Lewis said the city is looking for ways to support the college.
“If they come up with ways of reinventing themselves or changing their paths we will be looking to being
supportive of them,” Lewis said.
Community college is an important educational choice for residents, Lewis said. If the college were to
close he would support community college services that could fill that need, he said.
The lack of Lebanon College students downtown would also have an impact on businesses and restaurant,
so city officials would also work to support a new and appropriate use for the building.