The rate board changed while Luis counted the morning coins. The old card said 5.5%. The new card said 6.1%. He held the card above the desk at River Bend Credit Union.
The board had asked Luis to set the rate for a small repair loan. The union could keep its old rate for six months. It could also raise the rate and add money to its reserve.
The Federal Reserve had just set its target range at 3.75% to 4.00%. News stories said higher rates can make borrowing cost more, while savers can earn more. The credit union's choice stayed local, but members would feel it.
Maya needed the loan for a furnace. She had two kids and a winter bill waiting. 'If the rate climbs, I may have to wait,' she said.
At the next desk, Frank kept his savings in the union. He liked the idea of a stronger return. He also knew new borrowers were his neighbors.
Luis spread the two rate cards across the counter. Keeping the lower rate could help families fix a roof, replace a car, or start a shop. It could also leave less room if the union faced more late payments.
Raising the rate could protect the union and reward savers. It could also push a needed repair out of reach for people already counting dollars.
The board chair tapped the clock. 'We need one rate for the next six months,' she said.
Luis looked at the two cards. One held a smaller payment now. The other held more room for the union later.
Maya waited near the door. Frank closed his savings book. Mrs. Bell kept one hand on each card. She wanted the union to last. She also knew a small loan could keep a family's home warm.
Luis lifted his pen above the first card.