Strengthening a credit union’s asset/liability management process enhances the information it delivers to credit union staffers, which is very valuable in today’s data-driven operating environment.Effective ALM requires sound modeling techniques and reporting. Enhanced modeling and reporting can help quantify risk more effectively and lead to improvements in business decision-making and capital allocation. Many credit unions are seeing the value of enhanced risk reporting, providing an enterprise-level view of the financials in addition to maintaining regulatory and other requirements. This information allows the financial team to communicate more effectively with the board of directors and executive management as well as the credit union’s examiners.CFOs should regularly assess analytics and financial reporting processes, asking questions like: continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Many of us think of Seth Godin as a man of big ideas. When I heard the author and former .com business executive present the opening keynote last week at CUES Supplier member CO-OP Financial Services’ TH!NK conference in Miami, he said that in the phrase “credit union,” “union” is the important part. Then he asked, “What does it mean to be a union?”That single comment set me to watching for examples of the “union” part of credit union in action during my time in Miami. I was not disappointed. Here are five of many that I observed:CUSO operations. CO-OP Financial Services is a 1,600-employee credit union service organization based in Rancho Cucamonga, California. The CUSO’s president/CEO, Todd Clark, spoke about how credit unions come together as both owners and customers of the for-profit company. Staff members from member credit unions participate in “co-creation councils” that inform technology development and their executives serve on the CUSO’s board. As with many CUSOs, that “union” of credit unions generates power. “Your budgets can’t possibly match what we can do as a group,” Clark said from the stage, noting that CO-OP Financial Services is a top customer of the large corporations FIS, Jacksonville, Florida, and First Data, Atlanta. It also has the ability to touch 60 million credit union members. In contrast, Chase bank has 51 million customers. (Read more about benefits of working with CUSOs both for economy of scale and added revenue in this special report from CU Management.)
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This year, two new subcategories were introduced: The most successful destination of culture and gastronomy te The most successful nautical destination. Also, the most successful City break destination will no longer be chosen, and unlike previous years, destinations from the continental and coastal part of Croatia can apply for the category of holiday tourism. Additionally, a new subcategory has been introduced in the Attraction of the Year category Natural attraction of the year, while the award in the Recreation and Entertainment subcategory will no longer be awarded. Register your ambassadors and the best in our tourism: The deadline for submitting nominations for the categories of Destination of the Year, Sustainable Tourism Award, Innovation of the Year, Attraction of the Year and “Man – the key to success, employee of the year” is July 1, 2019, while the deadline for submitting candidacies for the Croatian Tourist Award, ie the Annual Award “Anton Štifanić” and the Lifetime Achievement Award August 31, 2019. Online applications for Annual Croatian Tourist Awards 2019 in categories Destination of the year, Sustainable Tourism Award, Innovation of the year te Attraction of the year with subcategories cultural attraction, natural attraction, tourist event of the year and beach of the year. Applications are also accepted for the prize People in tourism, as part of which the Croatian Tourist Award is awarded as an annual award “Anton Štifanić” i Lifetime Achievement Award and reward “Man – the key to success, employee of the year”. DHT in Slavonia This year, for the first time, the Days of Croatian Tourism will be held from October 02 to 04, 2019 in Slavonia. Destination of the year Sustainable Tourism Award Innovation of the year Cultural attraction of the year Natural attraction of the yearTourist event of the year Beach of the year People in tourism The annual Croatian Tourism Award is a project of the Ministry of Tourism, the Croatian Tourist Board and the Croatian Chamber of Commerce, which was created with the aim of further encouraging competitiveness, innovation and awareness of sustainable development and raising the quality of services and products in the tourism sector. Although one does not live from awards, the awards of the profession are still important and proof that all the effort and high level of performance is visible and thus rewarded. Our tourist heroes and ambassadors should be praised and emphasized, so report people who have stood out from the crowd and are making a positive difference every day. The categories are formed in accordance with the current Tourism Development Strategy and the Strategic Marketing Plan, they are comprehensive and follow and anticipate world tourism trends.
US energy giant ExxonMobil said it will streamline its upstream organization and centralize project delivery across the company to support plans to double operating cash flow and earnings by 2025.The reorganization will be effective April 1 and involve the creation of three new upstream companies, ExxonMobil Upstream Oil & Gas Company, ExxonMobil Upstream Business Development Company and ExxonMobil Upstream Integrated Solutions Company.The ExxonMobil Upstream Oil & Gas Company will focus on end-to-end value chain management in five distinct global businesses, unconventional, liquefied natural gas, deepwater, heavy oil and conventional.ExxonMobil Upstream Business Development Company will oversee strategy development, exploration, acquisitions and divestments and actively manage an upstream portfolio that is considered the most attractive since the 1999 merger of Exxon and Mobil. Consolidation of upstream portfolio management efforts in one organization will further strengthen the company’s ability to optimize portfolio value.ExxonMobil Upstream Integrated Solutions Company will provide technical and specialized commercial skills, such as drilling, research & technology, gas and power market optimization, and the global deployment of resources.“We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana, Mozambique, Papua New Guinea and Brazil,” said Neil Chapman, senior vice president.The company said in a statement, that Liam Mallon, currently president of ExxonMobil Development Company, will become president of ExxonMobil Upstream Oil & Gas Company.Steve Greenlee, currently president of ExxonMobil Exploration Company, will become president of ExxonMobil Upstream Business Development Company.Linda DuCharme, currently president of ExxonMobil Global Services Company, will become president of ExxonMobil Upstream Integrated Solutions Company.The company’s project-delivery capability will be enhanced through a single organization, ExxonMobil Global Projects Company, which will centralize major capital project planning and execution expertise into a single organization that will support all three business segments, upstream, downstream and chemical.Neil Duffin, currently president of ExxonMobil Production Company, will become president of ExxonMobil Global Projects Company.As part of the company’s annual presentation to investment analysts in March 2018, ExxonMobil outlined a growth strategy to increase earnings by more than 100 percent to $31 billion by 2025 at constant 2017 prices.Investments outlined during the annual investor presentation, across all three segments of ExxonMobil’s business – upstream, downstream, and chemical – will generate double-digit rates of return.
The coronavirus pandemic has practically paralysed the ship demolition market in South Asia as lockdown measures continue to be introduced across the subcontinent.Pakistan suspended all beaching and boarding of vessels at Gadani ship recycling yards last week for a minimum period of four weeks. All ship recyclers have been instructed to strictly comply with these latest orders.India has also ordered a suspension of recycling for all ships arriving at Alang whose last port departure was after March 13.Those that departed a port earlier than March 13, will be allowed to arrive at Alang, however, foreign crews will be subject to a quarantine of 14 days at the port of arrival at Alang.Cash buyer of ships for recycling GMS said that several ships have been detained at Alang anchorage this week, with authorities refusing to provide anchoring permissions.Even those with Indian crew on board are going through rigorous medical checks, questioning, and procedures, before being allowed entry.“As Pakistan and India close their doors on all foreign ships arriving (with India also canceling all international flights), the reality is that subcontinent recycling locations will remain quiet as long as the coronavirus crisis persists,” GMS said in its weekly market review.“Global government efforts and the ongoing focus remains on fighting this virulent pandemic, and whilst shipping markets continue to struggle – this is certainly the least of the international communities’ concerns at present.”It is no surprise that there is a lack of activity given the current market situation, however, interest from some buyers to acquire tonnage remains, Clarksons Platou Shipbroking said in its report last week.“Several capesize bulkers continue to be discussed in the arena, but confidence from the cash buyers may restrict numbers placed on the negotiating tables. The market is not flush of cash buyers, several are reportedly facing difficulties with cash flow positions, and there is certainly more strain on those cash buyers active in the current climate.”Clarksons added that with many ports adopting new restrictions, more owners will seek the ‘as is’ deal to avoid the last voyage to the recycling destinations – therefore it will be on the shoulders of the cash buyer to carry the burden of how they would dispose of the unit at a later stage.The only subcontinent location that remains open at present is Bangladesh with several deals concluded this week, according to GMS, as owners scramble to finalize deals before an almost total global lockdown is eventually enforced.Finally, Turkey is also expected to follow suit with the suspension of activities as vessels start to be turned away from Aliaga and reports of deals failing start to emerge, GMS believes.“As European markets grind to a halt and a non-essential travel bans come into effect at various EU countries, it’s only a matter of time until Turkey follows suit. As such, this unintended closure, should it come into effect, may just be what the doctor ordered, given this markets plummet this week,” the cash buyer said.
SUNMAN, Ind. – Some Duke Energy customers in Sunman lost electricity during the storms on Monday night. The company says there are approximately 23 locations currently without power. The households are in the area of N. Spades Road and E. County Road 1300 N. Showers and storms are moving through the region tonight with a low temperature of 48 degrees. The National Weather Service says some storms could be accompanied by winds and some hail. More rain is expected Tuesday in the early morning hours and after daybreak.
Robert P. Crowell, age 76 of Batesville, died Saturday, November 11, 2017 at Margaret Mary Health. Born February 7, 1941 in Chicago, Illinois, he is the son of Ruth (Nee: Steele) and Cecil Crowell. He married Linda Pactwa August 3, 1963 at St. Paul’s Church in Hammond, Indiana. Bob taught Industrial Arts and Drafting for 33 years before retiring. His first two years were at Sunman and his last 31 in Batesville. He enjoyed working with young people. He started the Coonhunters Junior Conservation Club, worked on many projects with students through the Rural Alliance for the Arts, coached the high school track and cross country teams for 10 years and had a program similar to Junior Achievement in which his students would create a business, manufacture a product and sell it to the public.Other interests included being a member of the Tri-County Harmonizers Barbara Shop Quartet, a former member of the Coonhunters small bore rifle team and re-furbishing and re-finishing antiques with Linda. They also owned and operated the Safari Camp Ground for 16 years. Bob collect gas memorabilia and loved to collect and restore antique steam and gas engine tractors. A member of the Pioneer Engineers Club of Rushville, he had articles published in 23 magazines on the subject.Another love of Bob’s was cars. Over the years he owned several collectable cars and was a member of the Corvair Club of Indianapolis, the Corvair Club of Cincinnati, Vintage T-Bird Club of Indianapolis, the Ford Model T Club of America, the Ford Model T Club of Indianapolis, and the Hoosier Hills Car Club.Bob is survived by his wife Linda; daughter Patricia Crowell-Gentles of Lambertville, New Jersey; brother James Crowell of Valparaiso, Indiana as well as numerous nieces and nephews. He is preceded in death by his parents. Visitation is Wednesday, November 15th, from 4 – 7 p.m. at the Weigel Funeral Home. Funeral services are 10 a.m. Thursday, November 16th, at the Batesville United Methodist Church with Rev. Chris Renick and Rev. Charles Flory officiating. Burial will follow in the church cemetery. The family requests memorials to Safe Passage.
A new campaign is being launched to warn of the dangers of fans using flares and smoke bombs after it was revealed children as young as eight have been used as ‘mules’ to smuggle pyrotechnic devices into football grounds. “This campaign clearly sets out the dangers of flares and smoke bombs. I want to see the courts taking this problem seriously and dealing in the strongest way possible with fans who still illegally smuggle pyrotechnics into football grounds.” Nine people have been injured or burned by fireworks thrown at grounds in England in the last 18 months. Last month a Manchester United fan who set off a smoke bomb during Sir Alex Ferguson’s last game in charge, against West Brom, was given a suspended two-month jail term and banned from any football grounds for three years. In February, two Chelsea fans were jailed for 28 days and given six-year football banning orders for taking smoke bombs into the Liberty Stadium for a match versus Swansea. Fans will be reminded that fireworks are illegal at matches, carrying the risk of possible jail sentences, and warned of the dangers – last season a 15-year-old boy suffered lung damage from a smoke bomb thrown at Wigan, while in February a 14-year-old boy was killed by a flare thrown by fans during a South American Libertadores Cup match in Bolivia. The Premier League said in a statement: “A disturbing element of increased pyrotechnics has been the involvement of children. “It is not uncommon for ‘mules’ to bring the pyrotechnics into a ground on behalf of others, and in one incident at a Premier League match last season a child aged around eight was observed aiding those involved in pyrotechnic use. “The child came into the ground with pyrotechnics in his rucksack and was then seen passing them to members of an adult group who let them off inside the ground.” New research has found that one third of fans have been affected by pyrotechnics, 87 per cent believe they are dangerous and 78 per cent say they want more action taken against users. Fireworks have always been viewed as a European phenomenon but they have become a growing problem in English football with eight incidents in the 2010/11 season, 72 in 2011/12 and so far this season 96 incidents. Policing minister Damian Green said: “Football fans might see images of football grounds in other parts of Europe full of smoke and light caused by pyrotechnic devices and think that they create a good atmosphere – but they do not. “Flares are very dangerous and can cause severe injuries. We are very lucky that no one has been seriously injured or killed by a flare here for a long time. The campaign by the Premier League, Football League and the FA comes after a growth in the number of incidents – including a linesman being struck by a firework at Aston Villa in October. Concerns have intensified after CCTV at one Premier League ground caught a young boy handing out fireworks to adults from his rucksack. Press Association