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Show Community Work Continued from Page 3 ment that will improve their financial situation. Since we started tracking our long-tercustomers over a year ago, in the Western Region, we have closed 64 percent of the 285 cases of families in our region which would have reached their limit on January 1, 2000. Our Kanab office has closed all their longterm cases. This is important to our workers. We view it as a great success. But, we face a m THE As we close some long-tercases, others move into long-terstatus, noted Williamson. Williamson also said that the Department is working hard to educate other community-base- d never-endingbattl- e. m A m o 4 ULTIMATE CD organizations and religious groups. We want these groups to understand that after our customers reach their e limit and receive their last cash payment, they will be turning to other community resources for assistance. We hope to rally our life-tim- communities to meet these needs. In the meantime, we will continue to do our best to help these families become finanindicated cially Williamson. Workers at the Department of Workforce Services have strived to educate families about the lifetime limit. In addition, families facing the January 1, 2000 cut-owill receive letters to that effect in September. There are two exceptions that allow a family to extend their limit past three years and up to the five-yelimit. First, if a parent is working at least 80 hours per month and has worked at least 80 hours for six out of the previous 24 months while receiving assistance, they may receive cash assistance on a self-sufficie- 02 ar . h Introductory yield until 102799 Allows you to add money at any time. Opportunities to withdraw without penalty. Pays high market rates. ff month-to-mont- APY nt, basis. In addition, the Department of Workforce Services can allow up to 20 percent of their cash assistance caseload to extend the limit under certain circumstances. After reviewing the cases that are nearing their lifetime limit, the Department plans to grant extensions under the following circumstances: 1. Parent is unable to work because of physical illness, mental illness or substance abuse. 2. Parent is a recent victim of domestic violence. 3. Parent is under 19 years of age. 4. Parent is required to stay in the home to meet the medical needs of a dependent. 5. Parent is facing extreme hardships, including legal issues. Food stamps and medicaid will still be available to needy famie lies who reach their limit for cash payments. ! The mild-manner- CD has changed. ed Typically, CD rates are arbitrarily determined. The Ultimate . CD, however, is tied directly to the interest rate of a higher yielding U.S. Treasury Note. This 2-Y- , And with Ultimate CD, cash can be deposited whenever it lands myour lap continually earning a competitive market rate. Plus, the rate increases as creates two advantages: First, the interest rate can be the balance grows. Stop by your local Zions Bank branch or visit us on the higher. Second, you avoid arbitrary rate changes. web for more information. !nmiciuuon s4d eMectnr through ear i L . ZIONS BANK . w. Mud,,,,,, . life-tim- Member FDIC |