Business In Brief - December 25, 2008

Family Trust to host career fair on Tuesday

Family Trust Federal Credit Union will host a career fair open to the public from 4 to 7:30 p.m. Tuesday at the operations center off Dave Lyle Boulevard.

Family Trust is seeking skilled workers to add to its organization. The fair will be a drop-in event where people can apply and learn about the organization. Positions available include branch manager, loan officer, part-time teller, part-time loan processor, and part-time marketing/public relations assistant. Credit union experience is preferred.

All applicants should be professionally dressed and bring at least two copies of their resume. Applicants will be asked to complete an application and assessment test, concluding with group interviews and a question/answer session. Attendees should plan to be on-site for at least an hour.

All attendees must RSVP at Attendee slots are limited.

Federal Reserve lets GMAC tap bailout fund

WASHINGTON -- The Federal Reserve has granted a request by the financing arm of General Motors to tap the government's $700 billion rescue fund, bolstering GM's ability to survive.

The Fed announced Wednesday that it had approved GMAC Financial Services' request to become a bank holding company. That designation makes GMAC eligible to receive a portion of the bailout fund and get emergency loans directly from the Fed.

Analysts had speculated that without financial help, GMAC would have had to file for bank- ruptcy protection or shut down.