A credit union in Melville is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Many credit unions exist to further community development or sustainable international development on a local level. They are typically smaller than banks, and are generally not-for-profit cooperative institutions. Credit unions in Melville have an unusual organizational structure, which attempts to solve the principal-agent problem by ensuring that the owners and the users of the institution are the same people. In any case, credit unions cannot accept donations and must be able to prosper in a competitive market economy.

Water, Water Everywhere … Part II

By:  Lee Ann Rush                                                     The topic is water; specifically, its availability to the public in light of Nestle CEO Peter Brabeck’s recent megalomaniacal assertion that people should only have access to water if they pay for it.  In a world where water shortages are reason for concern as demand begins to exceed supply, Brabeck’s plan..