Musician’s Resourses
Announcements and Useful Information
NOTE: As of January 1, 2013, the current IRS mileage rate is fifty-six and one-half cents (56.5¢) per mile.
Sun Federal Credit Union
Local 77 would like to announce their partnership with Sun Federal Credit Union. This organization offers many valuable benefits for our members and their families. Sun Federal Credit Union offers a banking alternative by eliminating or keeping low fees on services and offering very competitive savings and loan rates. Operating under the philosophy of “People Caring About People”, the Credit Union has helped members plan for and fund their dreams since 1950.
Services include:
- NO FEE checking, no minimum balance- plus your 1st order of checks FREE
- Savings Account– $5 minimum balance
- Certificates– 1-54 month terms for higher dividends
- Insurance– your deposits are federally and privately insured to $350,000.
- ATM check card– no annual fee, 1000+ surcharge-free network of ATM’s in PA.
- SunTouch 24 Account Access– secure phone or internet access any time or place
- Loans– auto, debt consolidation, line of credit, education, etc.
- Home Loans– mortgages, refinances, home equity loans & line of credit
- Instrument Loans-especially for musicians; starting at 5.50% APR*
- Visa Credit Card– no annual fee, earn reward points for purchases, as low as 7.9% APR FIXED*
- Financial Planning– certified financial planners available for no-obligation consultation.
- Financial Counseling: meet with a Certified Financial Counselor in person or over the phone to discuss credit score improvement, debt management, budgeting, and much more!
Sun Federal Credit Union operates local offices in the greater Philadelphia area and in New Jersey. Convenient access is also available through toll-free phone and Internet Account Access 24/7. We encourage you to visit the Credit Union’s website at the following link to learn more about the new membership benefits now available to you through Local 77: www.sunfcu.org
| SoundExchange Partners with MySpace to Collect Royalties | |
| A recently announced partnership between SoundExchange (the nonprofit performance rights organization that collects and distributes digital performance royalties) and MySpace will result in thousands of new artists and indie labels collecting royalties.SoundExchange will now be able to contact more than 25,000 major, independent and unsigned artists who hold profiles on MySpace. Unregistered artists on MySpace are collectively owed more than $14 million in royalties (from Internet and satellite radio streaming), which are held in escrow by SoundExchange.SoundExchange, unlike other royalty services, which only collect and distribute funds for their own members, accumulates digital performance royalties for all performers, then finds them so they can be paid.Since most artists release tracks on their MySpace page, SoundExchange is seeking a way to create a MySpace ID system to verify a band’s identity, so payment is easier to distribute. It also wants to make it easy for bands to register, so they can start receiving the royalties.
“It can be a challenge notifying and convincing artists to register with SoundExchange because they don’t know they’re entitled to these royalties, or they believe it’s too good to be true,” says Bryan Calhoun, vice president of new media and external affairs with SoundExchange. “That is why it is important to work with partners who understand the value of our work and have existing relationships with those artists. MySpace has enormous reach and credibility in the artist community.” International Musician, March 2010 |
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