Ten Things To Know Before Purchasing A Home

Source: Union Plus

Are you planning to buy a home this year? The more information gathering you do before making your decision, the greater your satisfaction is likely to be before, during and after your move. To get you started, here are ten things to know before buying a home. When you are ready to buy a home, contact Union Plus Mortgage Company, a union-owned company that provides home financing options for union members and their families.

Buying your first home is a big investment – one that can affect your lifestyle and your credit. The more information gathering you do before making your decision, the greater your satisfaction is likely to be before, during and after your move. To get you started, here are ten things to know before buying your first home.

  1. How much you can afford: Consider all costs involved, including the down payment, closing costs, your monthly mortgage payment, taxes and maintenance, insurance and any applicable association fees.
  2. Your credit score: Credit is an agreement to borrow money with the promise that you will pay it back later through scheduled payments. Good credit may get you a lower rate on your loan. To learn about credit and how to get your score, watch our “Credit Score” module.
  3. The homebuying process: From the pre-approval decision through inspections and the closing, the homebuying experience involves many steps. Make sure you see the big picture before you start by watching our “Considering Home Ownership” module.
  4. Your financing options: Rates, terms, discount points and other details vary by loan type and with your credit. If you’re ready to take the next steps, find out what’s available to you by calling 855-864-6653 to discuss your options.
  5. The right real estate agent for you: Real estate agents specialize in a variety of areas and are each familiar with different neighborhoods. Choose one who you feel best aligns with your needs and personal preferences.
  6. The neighborhood: Safety, commute times, noise and other surrounding factors can influence your quality of life. Make sure you visit the area, walk around the neighborhood and get a feel for the community. Take the time to research the community online to learn of any upcoming developments that may impact the housing market in that area, and look for other red flags that may impact your choice to live there.
  7. The school district: Even if you don’t have children, you should consider the rating of the school district where you are planning to live. The school district where your home is located will have a direct impact on your taxes. And while low taxes may seem appealing because you don’t have children, strong school districts are a top priority for many home buyers, so this can help to boost your property value and your bottom line when you choose to sell. It’s important to weigh the pros and cons for your situation now and in the future.
  8. The state of the market: Is it a buyer’s or a seller’s market? Can you get more house for less if you wait a little longer? Timing can be crucial in determining the total cost of your first home.
  9. Comparable prices: How much do similar homes in the surrounding area cost? You may want to compare houses in several neighborhoods to make sure you’re getting a good value. Ask your real estate agent for information about comparable properties (or “comps”) to determine how much to offer.
  10. How your taxes will change: While home ownership comes with additional expenses like taxes and interest fees associated with your mortgage, you may be able to deduct your mortgage interest and real estate property taxes come tax season. Consult with your tax advisor for details specific to your individual situation.

Westmoreland Coal creditors to take over its core assets

Source: S&P Global

Westmoreland Coal Co.’s creditors are slated to take over its core assets after the company did not secure another qualified bid for the mines.

The creditors served as a stalking horse bidder during Westmoreland’s Chapter 11 proceedings and will acquire the coal producer’s core assets, including its Canadian business and operations at its San Juan and Rosebud mines, in exchange for debt relief. Westmoreland canceled a core asset auction scheduled for Jan. 22 since there were no other bidders, according to a Jan. 21 filing with the U.S. Bankruptcy Court of the Southern District of Texas, Houston division.

The company received several bids for its Buckingham coal mine in Ohio and intends, pending the court’s approval, to sell the mine to an as-yet-unformed holding company for $1 million and pay between $16 million and $20 million to the same entity to take on the assets of another 15 Ohio and Kentucky mines. Experts said high reclamation costs associated with the operations likely influenced the low price tag on the Buckingham mine and payment to transfer the other operations.

Westmoreland said in the filing that it received bids for other noncore assets, though they were not qualified. Those assets may include the Absaloka and Savage mines in Montana, the Beulah mine in North Dakota, the Haystack mine in Wyoming and the Jewett mine in Texas. The company will continue to evaluate bids, but those assets may be acquired by the creditors as well.

The sale of the noncore assets hinges largely on whether the bankruptcy court allows Westmoreland to shed its collective bargaining agreements with the United Mine Workers of America and $329.4 million in retiree benefits, which the creditors refuse to take on, according to a Jan. 16 filing.

The court will hold a hearing on that proposal at 9 a.m. CT Feb. 4 in Houston.

Written by: Ellie Potter

Navajo Nation considers NGS purchase

Source: White Mountain Independent

Faced with an estimated 23-percent decline in tribal revenues from the planned December 2019, closure of the Navajo Generating Station power plant and Kayenta Coal Mine that supplies the fuel, the Navajo Nation is forging ahead with efforts to take over the operations.

The Kayenta Coal Mine is owned by Peabody Coal Company.

The NGS powerplant is owned by Arizona Public Service, Tucson Electric Power, Salt River Project, U.S. Bureau of Reclamation, and NV Energy. The owners decided to close the powerplant in 2017. The group claimed that the powerplant was unable to compete with plants using natural gas.

Coal powered production of electricity nationwide is declining rapidly. According to the American Coalition for Clean Coal Electricity, in the last eight years, around 40 percent of the capacity of the nation’s fleet of coal-fired power plants has either been shut down or is designated for closure.

But that grim trend has not discouraged the Navajo Nation, the sole owners of the Navajo Nation Transitional Energy Company (NTEC), which acquired the Navajo Mine in 2013. The Navajo Mine has supplied coal to power the Four Corners Power Plant in Fruitland, New Mexico for 50 years.

In July 2018, NTEC took another stake in coal-fired electricity, paying a reported $70 million for a 7 percent stake in two of the production units at the Four Corners Power Plant. The two units were owned by Arizona Public Service, one of the owners who are closing the NGS plant this year.

There were a couple of suitors in line in the last year to possibly acquire the NGS powerplant and Kayenta Coal Mine, but those deals fell through.

According to a report in the Navajo Times, NTEC has assembled a team of energy experts to advise the company.

In a news release, NTEC CEO Clark Moseley is quoted as saying, “We believe there is a clear and beneficial path forward to acquire and operate both NGS and Kayenta Mine as a vertically-integrated entity.”

The tribe and NTEC will have to act swiftly if they plan to prevent the closure of the plant.

Should the tribe be successful in their efforts to acquire and operate the plant and keep the Kayenta Coal Mine open it would also help Navajo County, who receives about $1.5 million in tax revenue from the the Kayenta Mine, which is in Navajo County.

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AFL-CIO 2019 Dr. Martin Luther King Jr. Civil and Human Rights Conference

The Fierce Urgency of Now

Join hundreds of social justice professionals, activists and community leaders in Washington, D.C., for the 2019 AFL-CIO Dr. Martin Luther King Jr. Civil and Human Rights Conference.

In Dr. King’s famous 1963 March on Washington for Jobs and Freedom speech, he told a divided nation that we need one another and that we are stronger when we march forward, together. Now, more than 50 years later in these trying times, his words still ring true. We are in the midst of great political and social unrest. We have witnessed devastating rollbacks and attacks on our rights in recent years. But we have an opportunity to come together, lift up one another and strategize collectively for the future of our dreams.

The time is now, and when we join together Jan. 18–21, 2019, to celebrate the legacy and dream of Dr. Martin Luther King Jr., we will call on all working people to rise up with courage and conviction in a demand for economic and racial justice.

We are now faced with the fact that tomorrow is today. We are confronted with the fierce urgency of now. In this unfolding conundrum of life and history, there ‘is’ such a thing as being too late. This is no time for apathy or complacency. This is a time for vigorous and positive action.”
—Dr. Martin Luther King Jr.

Dates: January 18 – 21, 2019

Location: Washington Hilton – 1919 Connecticut Ave. NW, Washington, D.C

Click here to register for this event!

For more information reach out to the AFL-CIO here.

Workers of bankrupt Westmoreland Coal take fight to protect retirees to company’s Englewood doorstep

Source: The Denver Post

As Westmoreland Coal Co. tries to emerge from bankruptcy, union members from one of its mines are picketing at the company’s headquarters in Englewood to protest efforts to cut retirees’ health insurance and pensions.

Sarah Myers, an employee at Westmoreland’s mine in Kemmerer in southwest Wyoming, said Thursday the union wants to keep workers’ concerns front and center as the bankruptcy case proceeds.

“We’re just trying to get our voice out there. We’re just trying to represent ourselves,” Myers said.

Myers wasn’t in Englewood on Thursday, but she said miners from Kemmerer are taking turns picketing Westmoreland’s headquarters each week, Monday through Friday.

The company didn’t return a request for a comment Thursday afternoon. No one answered the general phone number at the company’s headquarters.

Colorado-based Westmoreland, the country’s sixth-largest coal-mining business with 19 mines in six states and Canada, announced in October that it had filed for Chapter 11 bankruptcy. It entered into a restructuring agreement with lenders in the face of $1.4 billion in debt.

Westmoreland employs nearly 3,000 people across its operations, which include mines in Wyoming, Montana, New Mexico and North Dakota, and several subsidiaries. It has no mines in Colorado.

An Oct. 23 letter obtained by The Denver Post details Westmoreland’s proposed changes to the company’s agreements with the United Mine Workers of America. The proposals include freezing retirees’ pensions and eliminating their medical benefits.

The company has also proposed abolishing union contracts if the mines are sold. Westmoreland has said in court filings that potential buyers of its operations won’t make offers if it means taking on the pension and medical costs.

Richard Morgan, the UMWA’s district representative, said about 2,500 retirees, including union members in Trinidad, Raton, N.M., and Beulah, N.D., would be affected by the company’s proposals. As part of the bankruptcy proceedings, Westmoreland and the union are supposed to renegotiate the contracts, with talks scheduled to wrap up Feb. 13.

“The retirees’ medical benefits are the main sticking point,” Morgan said.

In 2017, Morgan said Congress passed a bill to protect the medical benefits of about 22,600 coal miners and their families who faced losing health care coverage after Patriot Coal, a spin-off of Peabody Energy, filed for bankruptcy.

Morgan said layoffs at the Kemmerer mine, which employs nearly 300 people, are anticipated sometime in the next three or four months because of losses of contracts.

Westmoreland is among several coal companies that have filed for bankruptcy protection or continue to struggle as concerns about greenhouse gas emissions from coal-fueled power plants have grown. Natural gas and renewable energy sources have become increasingly more economical than coal.

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Resources for Members Impacted by Government Shutdown

Source: Union Plus

If you are a union member who participates in certain Union Plus programs and have been impacted by the 2019 Federal Government shutdown, you may be eligible for financial assistance through the Union Plus Furlough Grant Program.1

$300 Furlough Grant

For eligible Union Plus Credit Cardholders2 who are furloughed or excepted due to the federal government shutdown.

  • Must be a Union Plus Credit Cardholder for at least 3 months and in good standing on the date the federal shutdown began.
  • Apply for a one-time grant at unionplus.org/hardship.

Capital One’s customer assistance program offers a number of options that could help customers whose income is disrupted as a result of the federal government shutdown and can help provide personalized assistance to those in need. For help, cardholders should contact: 1-800-622-2580.

Union Plus Mortgage

Mortgage Assistance Loan & $300 Grant
For eligible Union Plus mortgage holders who are out of work or asked to work without pay due to an involuntary furlough that lasts for at least 15 consecutive calendar days.

  • Must be a Union Plus Mortgage holder for at least 12 months and in good standing at time of the qualifying event.
  • Your income must be reduced by an amount equal to at least 50% of the monthly mortgage payment.
  • Interest-free loan to cover up to 6 months of mortgage payments and a $300 grant paid directly to the member.
  • Apply for grant at unionplus.org/hardship.

Wells Fargo is offering assistance on case-by-case basis. Members may qualify for forbearance or other payment assistance programs based on their individual circumstances.

For help, members should contact: 1-888-818-9147 Monday through Friday, 6:00 a.m. to 10:00 p.m. Central Time, Saturday, 8:00 a.m. to 2:00 p.m. Central Time.

Credit Counseling

Money Management International

  • Money Management International offers a FREE consumer credit counseling session, budget analysis, and money management advice to members. Call 1-877-833-1745.
  • Webinar: When the Income Decreases but the Bills Don’t: Financial Help During and After Furlough
    • Discuss a 4-step process to assist in managing finances during and after a furlough includes tips for working with creditors and creating a priority-based spending plan.
    • Friday, January 11, 2019 at 11:00 a.m. and 3:00 p.m. Eastern Time (the Webinar will be recorded and posted for those unable to make the live sessions).
    • Sign up to for the 3:00 p.m. webinar.
Union Plus Personal Loan

First National Bank of Omaha is offering assistance on a case-by-case basis: members may qualify for fee waivers or other payment assistance programs based on their individual circumstances. For help, members should contact 1-888-283-5228 Monday through Friday, 8:00 a.m. to 7:00 p.m. Central Time and Saturday, 9:00 a.m. to 2:00 p.m. Central Time.

Union Plus Auto Insurance

For those not receiving a paycheck from the federal government as a result of the current shutdown, MetLife Auto & Home may grant a one-time, 30-day grace period on your payment of premium on a MetLife Auto & Home policy. Members must request this one-time allowance by calling 1-800-GET-MET8. Certain restrictions apply and premium remains due after delay expires.

Union Plus Life and Accident Insurance

The Harford will offer qualified policyholders a payment grace period. For additional information, call 1-800-393-0864.

Ohio Valley Senators Again Aim to Shore Up Shaky Pension Plan For Coal Miners

Source: Ohio Valley Resource

Following a failed attempt to address a looming crisis in many multi-employer pension programs, two Ohio Valley lawmakers have introduced a bill in Congress to shore up the shaky pension plan for coal miners. The bill also aims to protect health benefits and restore funding for the federal trust fund providing benefits for thousands of miners sickened by black lung disease.

Sen. Sherrod Brown of Ohio is one of six Democrats sponsoring the American Miners Act of 2019, which seeks to fund the pension plan for coal miners guaranteeing retirement and health benefits from cradle to grave. Brown says the fund is at risk of insolvency due to a downturn in the coal market, the 2008 recession, and coal company bankruptcies.

“Mine workers are in a particularly vulnerable position,” Brown said. “Mine workers and their widows would lose 40 to 50 percent of their pension.”

Brown and West Virginia Sen. Joe Manchin served on a joint select committee on multi-employer pensions last year. That committee was tasked with finding a solutionto pension problems affecting a range of work from teamsters and iron workers to bakers and confectioners. But the committee missed a self-imposed deadline to come up with a solution at the end of November, and concluded the year without presenting a solution

“Well the committee’s out of business legally,” Brown said. “It was set up to run through the end of the year.”

So Brown and fellow Democrats are again pushing a bill similar to one they presented in 2017  dealing with pension and health benefits for coal retirees. The measure extends healthcare benefits for miners who worked for companies that went bankrupt last year.

Senate Majority Leader Mitch McConnell of Kentucky split the issues in 2017, separating healthcare benefits from pensions. Sen. Brown said he hopes it will be different this time.

“However Sen. McConnell wants to do it in the end,” Brown said. “He’s on the ballot in 2020. I think he wants to show the mine workers that he can be on their side and that’s what we will sell to him and to Republican leadership and to the president.”

Sen. McConnell’s office declined a request for comment.

Brown said he’d also like to see support from the Trump administration. As both candidate and president, the coal industry has been a staple of the president’s rhetoric.

“I hope the president of the United States will, for the first time in this, show some interest in supporting the mine workers other than making good speeches about mine workers,” Brown said.

Out of Time

Phil Smith is the spokesperson for the United Mine Workers of America. He wants to see a solution for all multi-employer pensions but says the UMWA is running out of time.

“It’s just not clear that there is going to be a bigger solution,” Smith said. “We hope that there is and to that extent that, that solution would apply to our fund we would welcome that, but again there’s no more time to wait.”

The American Miners Act would transfer excess funds from the Abandoned Mine Land Reclamation Program to shore up pension benefits.

The measure also seeks to extend a tax rate used to fund the Black Lung Disability Trust Fund. Congress allowed that tax rate to expire at the end of 2018, returning the tax to a rate from before 1981. That cuts the industry’s contribution to the fund by roughly half and, according to a federal agency’s analysis, could plunge the fund further into debt.

The trust fund provides monthly payments and medical treatment to coal miners totally disabled from black lung caused by their work in the nation’s coal mines when a responsible mining company can’t be identified.

Written by: Becca Schimmel

GUEST EDITORIAL: Coal Companies, Politicians are Derelict in Care

Source: Times West Virginian 

Many a local man has spent decades digging coal in the dark, damp and dangerous mines of southern West Virginia, providing enough dirty black mineral to build and power a nation. And now, many of those men, tethered to an oxygen tank, are struggling to breathe.

They are victims of black lung disease. Technically, pneumoconiosis. Progressive Massive Fibrosis (PMF) is the most severe form of black lung. The condition leaves miners with severely compromised health, lifestyles defined by the few steps they can take before stopping to catch their breath. Eventually, they can’t and they die – as if being suffocated. While they live, they are dependent on medical care covered in part by a federal fund, which – for these men – is a lifeline.

That lifeline has been stretched perilously thin.

The Black Lung Disability Trust Fund is at risk of insolvency. Mounting debt and a decline in coal company contributions are threatening the viability of the fund, according to a report by the U.S. Government Accountability Office. That shortfall – coming at a time when black lung rates are rising and coal industry fortunes are on the decline – could force the fund to slash benefits by half or shift some of the financial burdens to taxpayers.

Here’s the thing: Coal barons, who are never exposed to the dangers of the deep and who pocket wads of cash, are getting off the hook without addressing their ethical and moral responsibilities. And the government, according to new reporting, may be complicit.

As of the end of last year, coal companies were required to pay a $1.10 per ton excise tax on underground coal production to finance the fund. Because Congress – and our president – did not extend the tax in year-end appropriations legislation that is now tied up in the government shutdown, the amount reverts to the 1977 level of 50 cents.

That piddling amount will never cut it. The fund already has been forced to borrow more than $6 billion from the Treasury. About half of the fund’s revenue now services that debt.

And what is the response we get from the Oval Office? The country needs to spend $5 billion for a wall along our nation’s border with Mexico.

Coal companies are crying alligator tears, of course, and their political puppets whose campaign coffers they stuff with large donations are doing their bidding in Congress. Early drafts of a House tax bill included a one-year extension on the excise tax on coal. But the National Mining Association showed up in the halls of Congress, lobbied against the extension, and – presto, change-o – when a new version of the bill was released, the coal tax extension was gone.

The coal industry is under duress, certainly. With cheap natural gas and the emergence of the cleaner energy sources of solar and wind, coal’s share of the electric grid is waning. As a consequence, a number of companies have filed for bankruptcy. When that happens, their obligation to support medical care for miners afflicted with black lung is transferred to the fund. In 2017, there were some 2,600 such transfers, according to a congressional report.

So, yes, coal is in a terrible way, but that does not excuse coal companies from providing appropriate levels of care for their workers.

In every business, there is a price for keeping the doors open. In coal mining, especially, that has to include medical care for those who do the dirty work. Especially now. In southern West Virginia mines, much of what our miners are chasing is low coal, which requires cutting into rock seams, sometimes up to 12 inches of rock at a time. That generates thick clouds of fine and barbed particles of silica, and that is what gets inhaled, lodging in lungs forever, leaving them crusty and useless.

Over time, the damage becomes fatal.

Now, an NPR/Frontline analysis late last year of federal regulatory data shows that the government had evidence of excessive and toxic mine dust exposures, the kind that can cause PMF, as they were happening.

“They knew that miners were likely to become sick and die,” the news report said of those regulators. “They were urged to take specific and direct action to stop it. But they didn’t.”

This is deeply concerning.

For now, Sen. Joe Manchin, D-WV, has not been deterred by the year-end budget shenanigans. Just this past week, he announced legislation extending the Black Lung Disability Trust Fund tax for ten years.

The entire West Virginia congressional delegation needs to get behind this bill – and, further, to get to the bottom of the NPR report.

Our coal miners have given much to provide our nation with the energy that powered our prosperity. Time and again they entered the mines, risking their health so that our lives might be safe and comfortable.

Now, it’s beyond time that we honor the work and those men, and say that ours is a country that values hard work, respects the laborer and demands the truth.

Dig coal, Mr. President? Prove it.

— The Register-Herald

UIC Lung Disease Study

Dear Union Members:

We are occupational pulmonologists – doctors specializing in work-related lung diseases – at the University of Illinois at Chicago School of Public Health, and we would like to ask you to consider taking part in a research study about lung diseases that occur in miners, which include “black lung” disease and chronic obstructive pulmonary disease (COPD).

The purpose of this research is to try to better understand why lung diseases, such as black lung, continue to be a problem for miners. If you choose to participate in this research study, we would do two interviews. These interviews are usually done over the phone. The first interview will review your medical history. The second interview will review your work history. We would also ask for your permission to review your medical records and lung tissue samples that may be available. We will be following up with you every 3 to 5 years to update your records with any new updates. We would ask about symptoms, medical records, tissue samples, and changes in your medical or work history.

There would be no extra testing, medical costs, travel, or changes to your medical care for the purposes of this study. We would take significant care to maintain your privacy.

We hope that you will consider participating in our study. It is our hope to gather as much information about these lung diseases as possible to improve everyone’s understanding of the disease. If you are interested in participating or hearing more about the study, please contact us at 312-996-4534 or at  lthoma22@uic.edu.  Thank you for your time and consideration.

Sincerely,

Leonard H.T. Go, MD

Robert A. Cohen, MD

Click here to view a printable version of this letter. 

Legislation introduced to secure miners pensions and health care

Source: The Register-Herald

A recently introduced piece of legislation — the American Miners Act of 2019 — is aiming to secure the nation’s retired miners’ pensions and health care.

Introduced by U.S. Sens. Joe Manchin, D-W.Va., Tim Kaine, D-Va., Mark Warner, D-Va., Sherrod Brown, D-Ohio, Doug Jones, D-Ala., and Bob Casey, D-Pa., the bill would:

• Amend the Surface Mining Control and Reclamation Act of 1977 to transfer funds in excess of the amounts needed to meet existing obligations under the Abandoned Mine Land fund to the 1974 Pension Plan to prevent its insolvency due to coal company bankruptcies and the 2008 financial crisis.

• Extend the Black Lung Disability Trust Fund tax at $1.10 per ton of underground-mined coal and $0.55 per ton of surface-mined coal for 10 years. The release said the tax is critical for supporting the Black Lung Disability Trust fund, which provides healthcare and benefits to more than 25,000 miners and their dependents.

• Ensure that the miners who are at risk due to 2018 coal company bankruptcies will not lose their health care.

“Our coal miners made a commitment to provide our nation with the energy we needed to power our nation to prosperity,” Manchin said in the release. “They did so time and time again even when it risked their health and their lives.”

He continued, “It is our turn now to keep our promise to them and ensure that we secure their hard earned pensions and their promised healthcare and black lung benefits. We cannot continue to allow these solutions to be put off again and again. Our retirees and their widows deserve better than that.”

Manchin said for many retired miners, their pensions and health care benefits make all the difference. Without these benefits, he said some would have to choose between paying their mortgage or being kicked out of their home, or putting food on their tables or going hungry.

“I look forward to working with my colleagues on both sides of the aisle to finally secure our miners pensions and healthcare,” Manchin said.

Kaine said he’s hopeful Congress will act quickly on this legislation to give miners peace of mind.

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