Enterprise Products Partners LP (EPD - Analyst Report) announced that its operating subsidiary, Enterprise Products Operating LLC, increased its bank credit facilities by $500 million. This raise would provide the partnership with up to $5.5 billion of aggregate borrowing capacity.

The facilities consist of an amended $4.0 billion multi-year revolving credit agreement that matures in Sep 2020 and a new $1.5 billion 364-day revolving credit agreement. Both are unconditionally guaranteed by Enterprise Products Partners on an unsecured and unsubordinated basis. Aggregate available borrowing capacity under the increased bank credit facilities is approximately $4.7 billion.

The partnership currently has approximately $8 billion of organic growth projects under construction. The projects are expected to be completed and begin generating new sources of cash flow by 2017. This $500 million expansion of bank credit facilities provides the partnership additional financial flexibility during this period.

Enbridge Energy Partners, a master limited partnership, is engaged in the gathering, processing and transmission of natural gas and crude oil. The partnership is best known for its ownership of the Lakehead System one of the longest petroleum pipeline systems in the world. This system is the US portion of the main artery for the delivery of crude oil supply from Western Canada to refining centers in the Upper Midwest of the US and Ontario in Canada.

The partnerships assets include approximately 49,000 miles of pipelines; 225 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil; and 14 billion cubic feet of natural gas storage capacity.

Focus on fee-based and diversified businesses has enabled Enbridge Energy Partners to dilute its business risks as well as provide a stable and steadily growing earnings profile.

Enbridge Energy Partners currently carries a Zacks Rank #3 (Hold). Some better-ranked players in the energy sector are Seadrill Partners LLC (SDLP - Snapshot Report), Alon USA Partners LP (ALDW - Snapshot Report) and Tesoro Corporation (TSO - Analyst Report). Each of these stocks sports a Zacks Rank #1 (Strong Buy).

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Christine DiGangi covers personal finance for Credit.com. Previously, she managed communications for the Society of Professional Journalists, served as a copy editor of The New York Times News Service and worked as a reporter for the Oregonian and the News amp; Record. More by Christine DiGangi

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Tired of getting nickle and dimed by your bank? Consider joining a Credit Union.

Maintenance fees, minimum balance fees, overdraft fees - the list is endless.

If your bank is taking a bite out of your budget, consider taking your business to a credit union.

Credit unions offer the same services as banks but they have higher rates of return, lower fees, and are safe and secure. And because theyre not for profit, theyre all about putting the people first.

Credit unions are member-owned and operated and any profit they do make goes right back to their members in the form of better rates and services.

According to Bankrate.com, 72% of the largest credit unions in the US offer free, no-strings checking accounts - compared with only 38% of the largest banks.


You can damage your credit in a matter of weeks, but rebuilding it can take months -- sometimes, years.

For many, rebuilding a damaged credit score means changing long-held spending habits, opening new accounts or disputing incorrect information on credit reports, all while staying current on payments. It's not easy to do, especially when you're short on cash.

We talked to three people who have made major improvements to their credit scores in the past few years, and they told us how they did it.

The Mechanic

Before: 560
After: 754



Many college students are managing their finances alone for the first time, and this phase of life is when many people obtain their first credit cards. The convenient access to credit that these cards offer comes with potential pitfalls, but can also be the key to establishing a solid foundation for a bright financial future. Check out some of the pros and cons of credit cards for college students:

Pro: Establishing a credit history

Credit cards arent evil and they dont automatically trap the people that use them under a mountain of debt. In fact, its a good idea for students to use a credit card regularly in order to help build a credit history. Without that evidence of on-time payments and available credit on their credit report, students may have a difficult time renting once they leave student housing.

Con: Establishing a bad credit history

However, this strategy only works in your favor if you pay off the full balance each month and never use the credit card to buy something you couldnt buy that same day with cash. That approach will keep you from using credit to live beyond your means, while still helping you establish a good credit score. Using a credit card like its free money can quickly land you in financial hot water.

Pro: Emergency fund

Credit cards can also provide parents and their college-bound students with peace of mind. The cards provide quick access to emergency funds almost anywhere, so car repairs and other unexpected expenses wont disrupt their studies.

Con: Using the emergency fund for non-emergencies

That easy access to cash comes with the temptation to use the card for non-emergencies as well. Students can fight that temptation by establishing an iron-clad monthly budget and discussing with their parents what constitutes a credit card-worthy emergency. A professor added a $250 book to the syllabus at the last minute? Thats a possible credit card emergency. It snowed and your only winter coat is from last season? It may be a fashion emergency, but thats not a credit card emergency.

Pro: Easy monitoring

Credit cards also offer slick balance and purchase monitoring tools that appeal to todays college students far more than the traditional check ledger. Online banking and mobile apps that allow you to pay with your phone, monitor your balance, and categorize your spending are all very helpful budgeting tools and can help prevent the overspending and debt accumulation that sometimes comes from credit card use.

Con: Risk of fraud

As with any payment technology, credit cards are vulnerable to fraud. The good news is, consumers are protected against most losses. If students monitor their account and notify their card company and bank promptly of any suspicious or fraudulent purchases, theyre protected against losing money due to the criminals activity. The key is to closely monitor all accounts.

If you have questions about what type of credit card is best for your college student, ask your bank what kind of credit cards they offer. Credit card accounts can range from cash-back offers, to co-signed cards, to cards that donate money to local charities. It all depends on what youre looking for.

Forward Financial Bank currently has offices in Colby, Greenwood, Stanley, Thorp, Withee, Medford and two locations in Marshfield.

Contributed by Jennifer Sobotta, Vice President/Marketing Director, Forward Financial Bank.