Optimizing capital: Challenges and opportunities for credit unions

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Serving customers and helping them achieve their financial goals are often identified by credit union executives as their organizations’ top objectives. Whether it is Wells Fargo (with $1.6 trillion in assets and thousands of employees) or tiny Oakwood State Bank in Texas (with $6.5 million and two employees), financial institutions understand the importance of customer and community service.At the same time, top executives and managers at credit unions know that customers cannot be served well if the financial institution is struggling to survive. As a result, growing profitably and mitigating risk are also core objectives at virtually every credit union, regardless of size.The challenge is that in order to meet these goals, institutions have to overcome an assortment of internal and external pressures that threaten growth and security. Some pressures are amplified by institutional processes and systems; others can disproportionately dominate executives’ time and attention. Identifying and acknowledging these pressures is critical to discovering solutions that help address larger goals of optimizing capital deployment, managing risk more effectively and fueling profitable growth – achievements that put the bank or credit union in the best position to serve customers. continue reading »last_img read more

EC unveils eagerly awaited consultation on ESAs

first_imgThe ESAs – which comprise the European Insurance and Occupational Pensions Authority (EIOPA), the European Banking Authority (EBA), and the European Securities and Markets Authority (ESMA) – welcomed the consultation, saying that “the time is now ripe” for such an assessment.In a joint statement they said: “The European Commission’s consultation raises important issues on the powers of the three authorities, on possible improvements in their decision-making processes and on a much needed review of their financing frameworks.“An open discussion on these issues is key to ensure that the ESAs are able to effectively contribute in building the Capital Markets Union, to further progress towards supervisory convergence, and to enhance consumer protection and stability in the internal market.”PensionsEurope has been eagerly awaiting the consultation and was pleased by its scope, Matti Leppälä, its chief executive, told IPE.“We had some concerns that the focus would be on funding but for us it also important to address questions about the governance of the ESAs and how much own initiative it should be allowed to take, as many pension funds claim EIOPA has overstretched its remit,” he said.“The consultation looks broad, which is good. This is an opportunity for creative ideas about the ESAs’ structure, powers, governance structure, and more.”The consultation asks for stakeholders’ thoughts about the ESAs’ tasks and powers, governance, supervisory architecture, and funding.The commission said the issues being consulted on “are mostly well known to stakeholders”.They include the aforementioned concerns about EIOPA overstepping its remit, concerns among the ESAs themselves about their resources, and calls from some quarters for a merger of the supervisory authorities.In one way or another these issues were touched on in the consultation.For example, it noted that there were concerns that the ESA guidelines “are increasingly expansive and go beyond their originally intended function”. It also asked whether there was merit in merging EBA and EIOPA, and invited comments on whether the ESAs should be funded by industry – fully or partially – as opposed to the existing public contributions-based arrangement.The consultation is open until 16 May. It can be found here. The European Commission has launched a long-awaited consultation on the future operation of the three European Supervisory Authorities (ESAs).The consultation had been expected in the second half of last year.The commission’s aim is to “identify areas where the effectiveness and efficient of the ESAs can be strengthened and improved”. Legislation could be put forward if deemed necessary.“More coordinated and integrated supervision will be increasingly important in future, notably to develop and integrate EU capital markets through Capital Markets Union,” said the commission.last_img read more

Former Carolina Hurricanes GM Ron Francis reportedly did not tell owner Peter Karmanos about physical abuse allegations

first_imgHe added, “I ran large companies with thousands of people, and I wouldn’t tolerate that kind of behavior from any of our management. . . .You don’t treat employees that way. You can’t be verbally or physically abusive.”Karmanos said it also explained why Jordan didn’t sign with the club, despite being offered a contract — leaving for the KHL after the 2015-16 season. Peters was given a contract extension by Francis in the summer of 2016 and then resigned in 2018 after Francis was fired. Francis is now the GM of the Seattle franchise and Karmanos sold the Hurricanes to Thomas Dundon in 2017. “Look, I’m probably as upset as anybody could be,” he told The Seattle Times’ Geoff Baker. “I take pride in our organizations. I’ve always taken pride in playing the game the right way and all of that stuff. So I’m fed up.’’ On Monday, Akim Aliu alleged via Twitter that Peters used racial slurs towards him when he was was a player for the Chicago Blackhawks’ American Hockey League affiliate, the Rockford IceHogs, in 2009-10.Not very surprising the things we’re hearing about Babcock. Apple doesn’t fall far from the Tree, same sort of deal with his protege in YYC. Dropped the N bomb several times towards me in the dressing room in my rookie year because he didn’t like my choice of music. First one to— Akim Aliu (@Dreamer_Aliu78) November 26, 2019admit I rebelled against him. Wouldn’t you? And instead of remedying the situation, he wrote a letter to John McDonough and Stan Bowman to have me sent down to the ECHL. 20 year old on pace for 20 goals in his first pro year with zero PP/PK time was off to a great start in his— Akim Aliu (@Dreamer_Aliu78) November 26, 2019The following day, former Carolina Hurricanes defenseman Michal Jordan wrote on Twitter, “You get what you deserve Bill. After years making it to the NHL had experience with the worst coach ever by far. Kicking me and punching other player to the head during the game.”1) Never wish anything bad to the person but you get what you deserve Bill.After years making it to the NHL had experience with the worst coach ever by far.Kicking me and punching other player to the head during the game…— Michal Jordan (@TheBigCzech23) November 26, 20192) then pretending like nothing happened…couldnt believe my eyes what can happen in the best league.. happy that i dont have to go thrue that stuff on daily basics anymore.— Michal Jordan (@TheBigCzech23) November 26, 2019While Peters issued a statement and apology for the racial slur on Wednesday night, he did not address Jordan’s allegations in the email. Earlier in the day, Brind’Amour spoke to reporters stating that the abuse was acknowledged by the team and, in his mind, taken care of.“What happened after that I’m proud of, the way the players handled it and the way our sports staff handled it — bringing it to management right away,” the then-Hurricanes assistant coach said. “Then management handled it correctly and never heard of it again. Never saw anything else after that. It was definitely dealt with, in my opinion, correctly. And that’s the last I need to talk about it because it’s not our issue. We definitely moved passed that. So I want to talk about the game.”However, Karmanos said the news never went up the chain to him — and he didn’t find out until Tuesday — noting that if he had known, Peters “wouldn’t have lasted five minutes with me or most of our organization.”  Just hours after Rod Brind’Amour publicly acknowledged that then-Carolina Hurricanes head coach Bill Peters physically assaulted two players on the bench, former team owner Peter Karmanos told The Seattle Times he would have fired Peters “in a nanosecond” — if he had known.“I’m pretty upset,” said Karmanos, who stressed that then-general manager Ron Francis did not inform him about the allegations. “And I have my calls in to Ronnie as well. I think he’s the one who’s going to have to tell people what he did when he found out that the coach had done these things.’’last_img read more

TOUCH A HIT ON FOX SPORTS

first_imgIn recent weeks a package of the 2006 NTL Mens, Womens and Mixed Open was shown on Fox TV. This was a great step forward for Touch as we have been off the main-stream television screens for quite a number of years.TFA would like to thank all of the state offices, who contributed financially to assist TFA in producing the package and having it shown. To date, the feedback has been extremely positive, with Touch fans Australia-wide complimenting the footage that was shown, as well as the clips introducing the sport and basic elements of the game. The success of the package was a credit to all of the staff, team management and players, who worked hard to ensure the sport was shown in a professional light. There was certainly no shortage of highlights for the package, with the Sydney Mets Mixed side putting on a touchdown show, the Womens Open final between the Mets and Sharks proving a very tight affair and the Mens Open final giving us one of the best NTL finals to date.(The Garry Sonda through-the-legs special was definitely one for the highlights reel!)With FOX Sports being available in around 1.75 million homes and over 6,000 commercial venues, the potential of the showing to increase awareness and knowledge of the sport is huge.Following on from the success of the showing in Australia, the package was also picked up by ABC Asia Pacific, who will be showing the package in up to 50-60 Asia Pacific nations in coming weeks. The package has already been shown in Hong Kong and here is a list of countries that may view the NTL Touch Football package in the future:Cook IslandsFijiFrench PolynesiaGuamSamoaKiribatiSolomon IslandsNauruNew CaledoniaNiueMarianasPalauPapua New GuineaTahitiTokelauTongaTuvaluVanuatuWallis and FutunaAfghanistanArmeniaAzerbaijanBangladeshBhutanBruneiCambodiaPeoples Republic of ChinaEast TimorFederated States of MicronesiaHong KongIndia IndonesiaKazakhstanLaosNepalSri-LankaTibetTurkmenistanUzbekistanJapanMacauMalaysiaMongoliaMyanmar (Burma) North KoreaPakistanPhilippinesSingaporeSouth KoreaRepublic of China (Taiwan)ThailandVietnam.TFA will be selling copies of the 2006 NTL package on DVD in the coming weeks, so if you missed out on seeing the package or want to see it again, keep an eye on the TFA website for when they’re available and for how to place your order.last_img read more

a month agoChelsea attacker Willian wanted by Juventus

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Chelsea attacker Willian wanted by Juventusby Paul Vegasa month agoSend to a friendShare the loveChelsea attacker Willian is wanted by Juventus.The Telegraph say the Turin club intends to move for the Brazilian next summer, when his contract with the Londoners expires.Willian’s agreement with Chelsea expires in the summer of 2020 – and so far negotiations for its extension have not been successful .The 31-year-old striker moved to Chelsea in 2013 from Anzhi. During his time with Chelsea, Willian has played 203 matches in the Premier League and scored 28 goals. last_img read more

First Nations poised to challenge Nova Scotias marijuana monopoly

first_imgHALIFAX – Nova Scotia First Nations appear poised to take on the province’s marijuana monopoly — including one Mi’kmaq community that has enlisted Olympian Ross Rebagliati to roll out a “seed to sale” cannabis operation.Sipekne’katik First Nation in Indian Brook, N.S., has plans to grow cannabis and sell it directly to consumers, while Millbrook First Nation is considering retail locations, bypassing the provincial Crown corporation slated to control sales once the drug is legal on Oct. 17.The government says selling cannabis from a privately owned storefront will remain illegal in Nova Scotia, but Rebagliati argues that First Nations lands are federal jurisdiction and they are within their rights to set up dispensaries.The disagreement could set the stage for a potential constitutional showdown over cannabis sales.“This is precedent-setting,” Rebagliati, a gold-medal snowboarder, cannabis expert and entrepreneur said in an interview this week after his second visit to the Mi’kmaq community formerly called the Shubenacadie First Nation. “It’s rather unfortunate (the province) is taking that route.”Canada’s provinces and territories have opted for one of three retail models for over-the-counter cannabis sales: Private, public or a hybrid of the two.In Nova Scotia, sales will be government-controlled.“We have said all along that our approach to legalization is through a public health lens and that we will start well-regulated and tightly controlled,” a Department of Justice spokeswoman said in a statement.“At this time, we are not considering a retail model outside of the Nova Scotia Liquor Corporation.”The province’s stringent stance doesn’t appear to deter First Nations communities, with the Assembly of Nova Scotia Mi’kmaq Chiefs indicating it is exploring the economic opportunities of cannabis.Rebagliati said the Mi’kmaq community in Indian Brook has a strong plan, and he’s put together a “gold-medal team” to help them reach their goal.“The model is to go seed to sale and that boosts the margins quite substantially and gives them a competitive edge,” he said from B.C. “They came to me with their ideas and they are super progressive.“First Nations are looking for job opportunities and economic opportunities for their people, and this is a new industry that has a lot of those opportunities and potential for substantial financial gain.”Chief Bob Gloade of Millbrook First Nation said the community has invested in a cannabis company and is considering opening a storefront.“We’re focusing on the retail side of it going forward and we’re working on details in that respect,” he said, adding that for now the community isn’t considering launching its own production.“We’re still looking at a couple of years out before we’ll start seeing the benefits from an economic standpoint … but it will have a significant impact,” Gloade said.Sipekne’katik Chief Michael Sack did not respond to multiple requests for comment, but Rebagliati confirmed that he met with the community leader in March and again this week.Rebagliati founded Ross’ Gold, a medical marijuana business, in 2013. Earlier this year he launched LegacyRR, which focuses on growing cannabis and maintaining a healthy lifestyle.Although he said the details of an agreement between LegacyRR and the Sipene’katik First Nation are still being worked out, he said the Indigenous community’s dispensaries could be branded Mi’kmaq Legacy.McGill University constitutional law professor Mark Walters said the situation raises important and controversial legal and constitutional issues.“Legal conflicts on this point are bound to flare up in many places across Canada,” he said in an email, noting it appears many First Nations are making plans to grow and sell cannabis.Walters said it’s difficult to say whether provinces have the right to prevent First Nations from selling cannabis on reserve.He said the “orthodox” legal answer would be that provincial laws on cannabis sales will apply on reserves, unless a First Nation could show that regulating the sale of cannabis was a custom, practice or tradition integral to its distinctive culture, which might be extremely difficult to do.However, Walters said there’s a strong argument that federal law protects a much broader right to Aboriginal self-government than the courts have so far acknowledged.“There is considerable room here for an interpretation of the law that would acknowledge Indigenous rights of self-government over this issue,” he said.Wayne MacKay, professor emeritus of law at Dalhousie University, called it a “very complex” issue.He said one the strongest arguments for the Mi’kmaq community would be a treaty rights claim to a moderate livelihood under the Supreme Court’s Marshall decision.MacKay added that “the core of their argument would likely be the right of First Nations to manage their own resources as part of their constitutional rights to self government.”last_img read more

Art on the walls to ensure peaceful polls

first_imgKolkata: In a unique move some cartoonists in the city have come up with graffitis on the walls urging people to conduct peaceful elections.The initiative has been undertaken at a time when the political parties have occupied over most of the walls in the city to paint graffiti of their parties along with the symbol. The cartoonists some of whom are doctors, engineers and teachers approached the Sovabazar Burtola Durgotsav Committee and requested the authorities to provide a wall in Sovabazar area where they can paint cartoons to create awareness in people. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaA spokesman for the Durgotsav Committee said: ” Initially we got a shock as it was difficult to get walls at the time of general elections. However, we managed to finds some walls where the cartoonists came up with interesting graffiti on the elections. A spokesman for the cartoonists said: “Through the cartoons we have urged the people to vote peacefully. Election is a celebration in which people take part and exercise their franchise. Though the cartoons we have tried to make people aware of their Constitutional rights. We have not come up with any cartoon which will hurt the sentiment of any people or political Also Read – Bengal civic volunteer dies in road mishap on national highwayparty. As humour is a part of painting cartoons, there is an element of humour in our paintings.” In 1970s when Left Front came to power many cartoons had come up with paintings on the walls on key political issues like the Emergency. Along with the cartoons short rhymes were also written to promote the message in the paintings. But over the years, political cartoons have started disappearing. In 2019, the biggest problem faced by the political parties irrespective of colour is they are unable to get good wall graffiti artists. Most of the wall graffiti artists, who were whole timers in case of Left parties, have become old and young artists are a few in number. A senior Forward Bloc leader said: “The party had failed to get graffiti artists who could paint proper lions, which is the symbol of the party.”last_img read more

More than 90000 cases disposed in 104 days

first_imgNew Delhi: In order to reduce pendency of cases, Delhi Police in four months (till april 14th) disposed of 93,764 pending cases. Sources said that Delhi Police Commissioner himself monitors the disposal and in several crime review meetings he reviewed the pendency of cases.Police sources told Millennium Post that from January 1 to March 30 as many as 77,994 cases were disposed off whereas 15,770 cases were disposed from April 1 to April 14. One of the districts disposed of 7,021 cases whereas four districts separately disposed of more than 6,000 cases. Three districts separately solved over 5,000 cases. Also Read – After eight years, businessman arrested for kidnap & murderSources said that in September last year, in a bid to clear the massive backlog of pending cases, Delhi Police Commissioner Amulya Patnaik, in a crime review meeting with deputy commissioners (DCPs) of all districts and units of Delhi Police, directed them to expedite the process with proper investigation. Sources added that Joint commissioners and Deputy commissioners will be able to keep tabs on the probe undertaken by investigating officers (IO) in all cases pending for more than a couple of years. Also Read – Two brothers held for snatchingsSources further said that till the start of New Year, as many as 1,02,094 cases were pending whereas 92306 cases added this year. Another meeting related to the disposal of cases took place this year. Sources told Millennium Post that the meeting was chaired by Special Commissioner of Police rank officer. “The discussions were held on pending complaints of VIP references from Public Grievances Commission (PGC), Ministry of Home Affairs (MHA), Centralized Public Grievance Redress And Monitoring System (CPGRAMS), NHRC, Listening Post of Lieutenant Governor,” said sources adding that the pendency of the complaints was till February 5. In another meeting to review the redressal of grievances received through Centralized Public Grievance Redress and Monitoring System (CPGRAMS), Delhi Police was told that there should be sustained efforts at the police station level to build up trust among citizens of Delhi.last_img read more

Alan Major joins Ohio State mens basketball team in noncoaching role Kyle

Former Charlotte head coach Alan Major, right, hired by Ohio State. Courtesy: TNSAfter three seasons of not meeting expectations, it appears Ohio State coach Thad Matta is bringing back another member of his staff that brought him some of his best teams.Alan Major is returning to Matta’s staff for the 2016 season, but this time in a new role. The team said he will serve the role of director of recruiting and player development.Major has spent plenty of time working under Matta. He was an assistant coach to Matta at Xavier University from 2001 to 2004 and went on to OSU to coach under Matta again. From 2004 to 2010, Major helped to recruit and develop big men. He left after the 2010 season to serve as the head coach of UNC-Charlotte for five seasons where he accumulated a career record of 67-70 before leaving the team due to health issues during the 2014-2015 season.Prior to his time with Matta, Major served as an assistant coach at Cal Lutheran from 1992-95, Pacific from 1995-98, Southern Illinois from 1998-99 and Pacific again from 1999-2000.“Alan has many skills and talents above and beyond those he’s utilized as a coach over the years,” Matta said in an email. “I want him to help us develop a complete and well-rounded student-athlete. Alan is the perfect fit for this position.”Major is no stranger to developing players. In his vast college basketball career spanning 23 years serving as either assistant coach or head coach, he has coached such players as former OSU first round NBA selections Greg Oden, Mike Conley and Evan Turner as well as former Xavier star and first rounder David West and Pacific No. 1 overall selection Michael Olowokandi. Nearly everywhere he has gone, Major has found success. While Major worked with Matta both at Xavier and OSU, he contributed to a 234-77 record in his nine years. He reached the NCAA a total of seven times, once at Xavier reaching the Final Four (2004) and once going as far as the national championship game (2007). In 2008, the pair won the National Invitation Tournament title.Along with Major, OSU announced that former manager and graduate assistant Kyle Davis has been promoted to the video coordinator position vacated after Jake Diebler left for an assistant coaching job at Vanderbilt.Davis served as recruiting coordinator for the summer until Major was hired. As a graduate assistant in 2015-16, Davis helped the coaching staff with coordinating recruiting visits and preparing nearly all video footage used for game preparation. This is his first coaching job. read more

Buckeyes seeking lucky No 7

Six years ago, the Ohio State Buckeyes were at the end of arguably their most disappointing season under coach Jim Tressel. Heading into the last week of the regular season, the Buckeyes were 6-4 and looking ahead to what would be the first non-January bowl game of the Tressel era. Then one game changed the outlook of not only the entire season, but also the entire OSU football program. On Nov. 20, 2004, the Buckeyes stunned the No. 7 Michigan Wolverines in Ohio Stadium behind 391 yards of total offense from quarterback Troy Smith. In one game, the Buckeyes went from a disappointing team that lacked an identity to a team with a quarterback of the future who provided them with just that. It was also the start of a streak of domination in the rivalry for the Buckeyes, who have won six straight contests against the Wolverines, outscoring them 181-101 in that stretch. Michigan coach Rich Rodriguez is hopeful that a win Saturday against the Buckeyes will provide a similar reversal of fortunes for the Wolverines. “It’d mean an awful lot, certainly for our fans and for our university, but more importantly for our seniors and our players because they haven’t had the chance to win that,” Rodriguez said. “We’ve got to perform better and get some wins to make us feel better and make our fans feel better.” In his first two seasons as Michigan’s coach, Rodriguez’s teams have lost 42-7 and 21-10 to the Buckeyes. This year’s Wolverine team is the most formidable — at least offensively — that Rodriguez will bring into “The Game.” Unlike Rodriguez’s first two seasons, Michigan’s offensive personnel now fit its spread scheme. The Wolverines have found success behind dual-threat quarterback Denard Robinson, an early-season Heisman candidate who fell out of contention because of injuries and a three-game losing streak in the middle of the season. Robinson has rushed for 1,538 yards and 14 touchdowns and has thrown for 2,229 yards, 16 touchdowns and 10 interceptions, leading the Wolverines to a 7-4 record that will land them in their first bowl game under Rodriguez. Tressel said Robinson’s ability to both run and throw the ball makes him difficult to prepare for. “It’s impossible to simulate him because there’s no one like him,” Tressel said. “It’s a tremendous challenge because it gives you all of the problems that a Wildcat offense gives you with a great running back back there. But along with it, it has all of the passing problems.” Robinson has played a critical role in Michigan’s offense, which is ranked 10th in the nation in rushing, with 257.4 yards per game, and 15th in the nation in points scored, with 36.8 points per game. Michigan’s defense has failed to find the same success that its offense has, as it is ranked 99th in the country in scoring, giving up 33.5 points per game. Despite the statistics, Robinson said he hasn’t lost confidence in his team’s defense. “I think our defense is one of the best defenses in the nation,” Robinson said. “I don’t care what nobody say. We play against them every day, and they help us get better.” Tressel agreed that the statistics don’t necessarily tell the tale of the Michigan defense. “They’ve given up too many big plays, but the thing I love about them is I see them flying around and I see a lot of young guys who aren’t young anymore,” Tressel said. The longest streak in the rivalry thus far came from 1901-1909, when the Wolverines got the better of the Buckeyes for nine straight years. A win on Saturday would move OSU two games away from matching that streak. “There’s been pressure every year. It’s something that comes with it,” OSU wide receiver Dane Sanzenbacher said. “Nobody wants to be the team that breaks the streak.” With a share of the Big Ten title and a potential sixth straight trip to a BCS bowl game still within grasp, the Buckeyes have more than just pride to play for. OSU defensive end Cameron Heyward said the Buckeyes understand the high stakes. “A lot. A share of the Big Ten title and our biggest rival,” Heyward said. “Michigan is always going to play their best against us. We wouldn’t have it any other way to go out against a quality opponent. It’ll be a rough one, but we’re ready for it.” Regardless of bowl game implications, the Buckeyes remain focused on extending their winning streak over the Wolverines to a lucky No. 7. “The Ohio State-Michigan game is the focus,” Tressel said. “There are tons of by-products for everybody, but the single most one everyone knows that’s ever coached or played at Ohio State is that you’re defined by your Ohio State-Michigan games.” read more