Proposed legislation would deal fatal blow to the industry

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr This is one of those blogs where I have to remind you all that the opinions I express, are mine and mine alone.Why do I feel the need to make that qualifier today? Because in my opinion, the credit union industry faces it’s most credible legislative threat to its long-term existence than it has in at least the decade I have been involved in the industry.The proposal to which I am referring (§9 H.R. 3280) would subject the NCUA to the congressional budget process. Why is this such a pernicious threat? Because through the budget process, the Banker’s Association, aided and abetted by their allies in Congress, would gradually strip the NCUA of needed resources and use the appropriations process to stifle needed regulatory reforms. For example, an agency subject to the congressional appropriations process would be much less likely to champion Field of Membership improvements that help credit unions serve more members.Supporters of this bill would tell you that NCUA is being treated no differently than other independent agencies that House Republicans are proposing should be subject to its oversight. This argument has a certain facial appeal. After all, a strong argument can be made that independent agencies like the CFPB are unconstitutional. But in reality, this proposal has nothing to do with constitutional niceties. Unlike the CFPB, a multi-member board already oversees NCUA’s operations. continue reading »last_img read more

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8 FAQs from credit unions on how to respond to COVID-19

first_imgThe Coronavirus pandemic has officially settled in, but credit unions can expect to deal with the fallout for months. This leads to many questions rolling in on how to keep the wheels turning in your institution.But there are more questions than answers. How do you know when it’s time to close one of your branches? How can employees work remotely? How do you set up large meetings remotely? What do you do if an employee tests positive for COVID-19?These questions don’t exactly pop up in the mainstream media, that doesn’t make them any less important. This guide from business continuity planning experts Ongoing Operations will point in you in the right direction for some of the most commonly asked questions from credit unions during this time.For example, if you’re looking to understand what types of remote access your credit union can use, they suggest: ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

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CUNA Coaching Leadership Virtual School to focus on building people leaders

first_img This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr This is placeholder text continue reading »center_img To acknowledge the need for and power of strong people leaders in credit unions, CUNA has announced CUNA Coaching Leadership Virtual School, set to take place Nov. 9-10. Credit union people leaders of all levels are encouraged to attend this interactive training to transform their leadership by learning, developing and practicing effective coaching conversations.“In a very short period, this program shares enough information, tips and real-life experience to get you on a path that could make a big difference in your life and the lives of your team members,” said Janice McNiel, teleservices manager, Zeal CU.Sessions will be led by Tim Hagen, creator of Progress Coaching. Tim will guide attendees through current training methodologies and models. He will then help them apply these principles to their workplace scenarios to design personalized coaching conversations that elevate staff performance. Attendees will bring coaching scenarios  to work through and will collaborate with peers to design and practice effective coaching conversations.last_img read more

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Germany already dealing with second coronavirus wave: Doctors’ union

first_imgTopics : Germany is already contending with a second wave of the coronavirus and risks squandering its early success by flouting social distancing rules, the head of the German doctors’ union said in a newspaper interview published on Tuesday.The number of daily confirmed coronavirus cases has ticked up steadily in recent weeks, with health experts warning lax adherence to hygiene and distancing rules among some of the public is spreading the virus across communities.”We are already in a second, shallow upswing,” Susanne Johna, president of Marburger Bund, which represents doctors in Germany, told the Augsburger Allgemeine newspaper. She said there was a danger that a longing to return to normality and a suppression of containment measures would fritter away the success Germany had achieved so far, urging people to stick to social distancing and hygiene rules and wear masks.Europe’s biggest economy has so far withstood the pandemic with far fewer deaths than some large neighbors like France and Italy, owing to widespread testing, a well-equipped healthcare system and good adherence to social distancing.The number of confirmed coronavirus cases in Germany increased by 879 to 211,281, data from the Robert Koch Institute (RKI) for infectious diseases showed on Tuesday. The reported death toll rose by eight to 9,156, the tally showed.Johna said hospitals were prepared and would make intensive care beds available to COVID-19 patients on a staggered basis, while at the same time gradually reducing the number of planned admissions to normal wards.According to the DIVI intensive care register there are almost 21,000 intensive care beds in Germany, of which some 12,200 are currently free. As of Monday, there were 270 COVID-19 patients in intensive care, of whom 130 were being ventilated. last_img read more

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​Irish government sidesteps questions on funding reform

first_imgThe comments come after the country’s High Court recently found in favour of the trustees of the Omega Pharma DB plan, which requested a €2.2m sponsor payment prior to wind-up despite being fully funded under the MFS.Martin Clarke, partner at LCP, last month said trustees were realising the MFS was an “unreasonably low” guarantee and suggested the standard might need to be revised.However, the DSP spokeswoman said both administrative and legislative changes in recent years had been implemented to allow sponsors and trustees to “address the funding difficulties facing many schemes”.“The Pensions Authority is working with the trustees of defined benefit pension schemes, particularly schemes in a weak funding position, to help them achieve a sustainable funding position,” she added.The spokeswoman also did not say whether the DSP would ask the Pensions Council, soon to be in charge of regulatory matters following changes to the regulatory architecture, to review the MFS.She said the up to 12-strong Council would be in place “in the near future”, and that applications for its membership were currently being considered.The DSP previously told IPE that 56 applications to fill the remaining 4-8 seats on the Council had been received.The remaining members will be drawn from the DSP, the Department of Public Expenditure and Reform and the Central Bank of Ireland.Minister for Social Protection Joan Burton earlier this year put forward Jim Murray, former director of the European Consumers Organisation, as her nominee to chair the Council.His appointment has yet to be formalised. Ireland’s Department of Social Protection (DSP) has stressed the responsibility of employers and trustees to ensure defined benefit (DB) funds are sustainable, thereby sidestepping questions about the need for reform of the regulatory framework in the wake of a recent High Court ruling.Asked by IPE if the minimum funding standard (MFS) was in need of review, despite only being amended in 2012, a department spokeswoman declined to answer directly.Instead, she said the existence of the MFS should not be seen as the “central issue in relation to whether a scheme is properly funded”.“Rather, the responsibility rests with the employer and the trustees for ensuring the scheme is properly funded and managed,” she said. last_img read more

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PGGM takes stake in sea lock to port of Amsterdam

first_imgPGGM, asset manager for the €161bn healthcare pension fund PFZW, has taken a stake in a sea lock to be built at IJmuiden, entrance to the port of Amsterdam. It made the investment in the Noordersluis through its joint venture with construction company BAM.The OpenIJ consortium – comprising the BAM PPP PGGM Infrastructure Co-operative, construction company VolkerWessels and infrastructure investor DIF – has been awarded the design, construction, financing and maintenance of the new lock for a 26-year period.Construction is to start next year, and completion is scheduled for 2019. Maurice Wilbrink, spokesman for PGGM, declined to specify the expected returns or scale of PGGM’s stake in the project, citing competition concerns.Last February, the asset manager increased its commitment to the joint venture by €140m to €480m, raising its total committed assets to €600m.The financing of new projects is done on an 80/20 basis across the two players, with PGGM taking the larger stake and BAM the smaller.PGGM entered the joint venture in 2011 to generate stable and inflation-related long-term returns.It also cited the ability to invest in infrastructure directly, and to increase its “grip” on its own portfolio and the criteria for socially responsible investment.Wilbrink said the sea lock was the joint venture’s seventh infrastructure project in the Netherlands.Previously, it participated in the renovation of the office of a former ministry, as well as the construction of a new office for the Hoge Raad, the Netherlands’ most senior legal college.Since 2011, the BAM PPP PGGM Infrastructure Co-operative has invested in 25 projects, including schools and courthouses in Ireland, roads in Germany and Ireland, two rail projects in Belgium and a hospital in Germany.Its participation varied from acquiring 50% of concessionary rights for management and maintenance of a German motorway to the design, construction, financing and maintenance of a secondary road in Ireland.last_img read more

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Rodgers joins Man Utd interest for Coutinho

first_img Loading… Promoted Content5 Of The World’s Most Unique Theme ParksEverything You Need To Know About Asteroid ArmageddonWhich Country Is The Most Romantic In The World?The Funniest Prankster Grandma And Her GrandsonThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreShockingly, Some Foods We Eat Every Day Have A Bizarre BeginningA Hurricane Can Be As Powerful As 10 Atomic Bombs8 Best 1980s High Tech Gadgets7 Black Hole Facts That Will Change Your View Of The Universe10 Risky Jobs Some Women DoThe Models Of Paintings Whom The Artists Were Madly In Love With7 Ways To Understand Your Girlfriend Better And those in contact with Coutinho’s minders now include United and Brendan Rodgers’ Leicester. Rodgers first signed Coutinho for Liverpool and remains a big fan. United boss Ole Gunnar Solskjaer is also keen, though bringing the Brazil international to Old Trafford is a long shot given his Liverpool connections. Read Also:Coutinho costing Bayern Munich £563,000 per game Barca will be seeking €50-60m to sell Coutinho this summer. FacebookTwitterWhatsAppEmail分享 center_img Manchester United and Leicester City are interested in Barcelona midfielder, Philippe Coutinho. Bayerrn ace Continho costs £563,000 per 90 minutes. Currently in the second of a two-season loan with Bayern Munich, Coutinho is set to return to Barca this summer with the Germans showing little interest in signing the midfielder permanently. Sport says a return to the Premier League is the most likely option for the former Liverpool star.Advertisementlast_img read more

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The Art of Pitching

first_imgWhen old pitching coaches used to talk about what a pitcher was doing wrong, they would use terms like “he’s flying open”, he’s not using his legs”, “his arm angle is too low”.  Today if you are a pitching coach, you use terms like bio-mechanics, kinesiology, high-speed cameras, and military lasers.  In other words, you are no longer that grizzly veteran, but a scientist.In a report to the manager, you may see terms like “elevated distal humerus”, “crossing the acromial line”, and other anatomy terms.  By the way, the distal humerus is a bone in your elbow.  Crossing the acromial line is the arm angle at which a pitcher releases the ball.  All of these terms are part of Derek Johnson’s pitching philosophy.  He was the Cubs pitching coach at one time.  What you can be sure of is that baseball is like all sports today–they are a true science and will continue to get more technical as the years go by.last_img read more

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Redbird SRA closing for upgrades March 11

first_imgLynnville, In. — Major upgrades and overhauls are coming to Redbird State Recreation Area, which became the DNR’s first property for off-road vehicle (ORV) nearly 15 years ago.Construction is starting March 4. The property will close to the public on March 11 and remain closed until early summer. Originally, the project wasn’t going to start until spring. The earlier start will allow for earlier completion.Among the improvements are new trails, major trail repair and reroutes, and paved access from County Road 350 N to Whitetail Shelter. The goal is to complete the project in one phase, which helps reduce total cost and keeps property closure to a minimum.While Redbird is closed, property staff will add approximately 5 miles of new dirt bike trail, reroute trails 0 and 3 to avoid conflict with traffic on the new pavement, and rebuild multiple trails that sustained damage during the wet 2018 season. Staff will also add amenities such as trail-side rest areas at scenic vistas. Other plans include increasing signage and adding new trail designations to help visitors better navigate the property and avoid areas beyond their skill level.The projects will not adversely affect features that are visitor favorites, but will improve parking and dust control at Power Line Hill and Whitetail Shelter.During the shutdown, user groups are encouraged volunteer at the property. Volunteering offers a unique opportunity to help while there are no visitors on the trails. Anyone interested should call Redbird SRA at 812-847-0146.While Redbird is being worked on, ORV enthusiasts may want to explore the DNR’s other ORV riding property, Interlake SRA, just over an hour south, near Lynnville. Interlake offers 3,500 acres and more than 100 miles of ORV trails.For more information about the Redbird State Recreation Area click here.last_img read more

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