Why credit unions are booming

first_imgby: Rob StaatzAmericans are discovering the benefits of credit union membership at an unprecedented rate — more than 100 million Americans are now credit union members. That’s one out of every three Americans.The news is even better here in Maryland and the metropolitan area, where membership in the region’s credit unions now surpasses 2 million. Credit unions here collectively saved their members more than $146 million over the past year when compared to other financial institutions. That works out to $70 in savings per member.Reaching this milestone is clearly a watershed moment for credit unions. Despite a still-challenging market and increased competition from financial institutions, as well as non-financial players like Wal-Mart, credit unions continue to thrive. The question is why have so many consumers shifted from institutions where they have banked, in some cases, for decades, in favor of credit unions?While there is not one singular reason, I believe the answer lies in part in the 2008 economic downturn. As all financial institutions nationwide found themselves dealing with increased government regulation, banks also found themselves facing growing pressure from shareholders to limit lending, particularly to small businesses. Credit unions, on the other hand, operated exactly as they always had; remaining close to their members and the communities they served. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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How Allegacy Federal Credit Union’s award-winning wellness program created a winning culture

first_img 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Allegacy Federal Credit Union has a winning culture, no doubt about it. One of the biggest reasons for its success is its award-winning wellness program called “AllHeath Wellness” — which has turned into a successful health consulting service for the CU. AllHealth Wellness has transformed the credit union from an average player to an elite organization that’s highly productive, super efficient, and one of the best places to work in North Carolina. In fact, Allegacy was one of the Top 100 Healthiest Employers in a nationwide contest. continue reading »last_img

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New, sinister scam targeting FIs

first_imgA credit union employee picks up the phone. On the other end is the voice of the CEO requesting that money be transferred to a new vendor he says the credit union has just selected. The employee follows orders and makes the transfer. The funds go to a scammer. And the voice of the CEO? It wasn’t the CEO.Scams targeting CUs aren’t new, but a new ruse is more sinister than ever, and even more difficult to discover. And one security expert believes a new type of “deepfake” crime that leverages artificial intelligence is on the verge of exploding—adding credit unions could be a prime target.“Credit unions need to watch out because they’re small and they are the types of people who can be easily fooled by this crime,” said Richard Henderson, head of global threat intelligence at Lastline. “This crime is mind-boggling and terrifying.”As CUToday.info reported, criminals recently used artificial intelligence-based software to impersonate the voice of one company’s CEO to demand a fraudulent transfer of €220,000 ($243,000). Law enforcement said the CEO of the U.K.-based energy firm thought he was on the phone with his boss, the CEO of his company’s German parent company, who was requesting that funds be sent to a supplier in Hungary. The fake-CEO caller said the request was urgent, and he directed the executive to pay within an hour. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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REIQ Gold Coast chairman shares property market outlook

first_imgAn aerial view of the Surfers Paradise skyline.WOW! Our Commonwealth Games were amazing.The Games well and truly put the Coast in the global spotlight and what is really exciting is that the research from previous events like Glasgow and London show the economic benefits will flow to the city for many years to come.Now, what’s the outlook for the Gold Coast property market?Our population is now around 580,000 people and is growing by around 10,500 people a year.This means, based on the average household size of 2.6 people, that the city needs about an extra 4000 dwellings a year, simply to cater for that growth.Andrew Henderson.More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoDevelopers and builders a struggling to keep up with demand in the city.There were only 2500 sales of vacant land last year. Rental vacancy rates are extremely low, running at less than two per cent across the city.In recent months investors have returned to the Gold Coast market, especially in the northern suburbs.This is because, unlike the southern capitals, our property prices are not over-inflated.It is also due to the fact there has been an easing in the lending conditions of the banks and continued confidence about the market.Added to that, there are billions of dollars of quality investment and development either planned or already under way in the city (as I have detailed in a previous column).All of these factors contribute to making the Gold Coast property market a very desirable place to invest at present.And it’s no surprise to discover that Gold Coast agents are reporting strong levels of buyer demand, shorter selling periods, reduced supply and upward pressure on sale price levels.—Real Estate Institute of Queensland Gold Coast zone chairman Andrew Hendersonlast_img read more

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PM Skerrit says achievement of geothermal energy will transform the country’s economy

first_imgLocalNews PM Skerrit says achievement of geothermal energy will transform the country’s economy by: – December 6, 2011 Share 11 Views   no discussions Share Sharecenter_img Prime Minister Roosevelt Skerrit. (File photo)The Roosevelt Skerrit led administration has officially broke ground for the drilling of geothermal test wells in Laudat on Monday.The plan is to build three exploratory wells in the Roseau Valley, two in Laudat and one in Wotten Waven.The testing will give a clear indication as to the true practical potential which exists in the geothermal reservoirs in the Roseau Valley.Prime Minister Roosevelt Skerrit said the country’s geothermal resources must be shared with the French countries of Guadeloupe and Martinique.“I always maintain that our geothermal resource must be shared with our friends and brothers and sisters there. We have to find a way. I believe that would be the biggest single project which would demonstrate how, with the use of resources, we can foster an integration process among ourselves,” he told the ceremony.He contended that if geothermal potential is realized in the Roseau Valley it could have lasting transformation on the lives of citizens and the economy.“We want to make sure that the villagers of the community continue to provide the support to this initiative,” he said.According to the prime minister, some $8.5 million dollars has been spent so far on the first phase of the project.“We would have to spend even more to realize that important investment in Dominica. We are spending this money at a time when access to resources is not as it was two or three years ago but government remains committed to it,” he said.Meantime Energy Minister Rayburn Blackmoore says if government achieves its objectives, Dominica will realize a great level of prosperity.“If we are to achieve the objectives, first of all to build a small plant to supply our local demand and secondly to achieve our long term objectives, we must have a clear sense of the size and the quality of the resources,” he explained.He said while persons are questioning the reasons for selling energy to the French islands, they must understand that for geothermal energy to make any economic sense, it must be sold.Dominica Vibes News Tweet Sharing is caring!last_img read more

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Nabi Wallace awarded for his contribution to sports

first_img Tweet Share Sharing is caring! Share Sharecenter_img LocalNewsSports Nabi Wallace awarded for his contribution to sports by: – February 10, 2012 136 Views   one comment Nabi WallaceHead Coach of the Dominica Aspirers Club was on Thursday awarded for his contribution to sports development.He received the award at the Excellence in University of the West Indies (U.W.I) Life Award Ceremony in Trinidad.Wallace, who is now a final year student at U.W.I in Trinidad, presently serves as the Head Coach for the U.W.I St. Augustine Campus Track Team and Netball Team while pursuing his Bachelors of Science degree in Sports Management and a minor in Human Resource Management. From 2010 – 2011 he served as the president for the Dominica student Association in Trinidad & Tobago (DomSATT).As president of DomSATT he was able to utilize his cultural skills together with his Dominican colleagues at UWI to showcase some of the cultural dances from the nature isle. Under his guidance the University has realized an improved structure in its track program which assisted in raising the athletes’ level of performance. He led the University Netball team to its first victory in the Tertiary Institutions Netball League in Trinidad, in addition to their first victory in the Courts All Sectors Netball League Fastnet Competition and second place in the divisional knock out. Wallace continues to remain committed to the development of athletes in Dominica and is working closely with Joseph Bazil and Dani Burton to conduct his training plans for the development of the athletes in the Aspirers Athletics Club. Dominica Vibes Newslast_img read more

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Iheanacho names Man City star that helped him most at Etihad

first_img Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Risky Jobs Some Women DoYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Universities In The World With The Highest Market ValueBest Car Manufacturers In The WorldThese TV Characters Proved That Any 2 People Can Bury The Hatchet6 Ridiculous Health Myths That Are Actually True7 Of The Most Incredible Antarctica Conspiracy TheoriesInsane 3D Spraying Skills Turn In Incredible Street Art9 Most Disturbing Movie Dystopias7 Ways To Understand Your Girlfriend Better2020 Tattoo Trends: Here’s What You’ll See This Year The Nigerian emerged from nowhere to be a standout sensation on the club’s 2014 pre-season tour before linking up with the academy in Manchester in January 2015 after his 18th birthday.After another successful tour, Iheanacho made his competitive debut in August 2015 and scored his first Premier League goal a month later.Kelechi Iheanacho during his time at CityRead Also: Ighalo names three Man Utd stars who helped him settleHe would go on to earn a new contract at the club and feature in Pep Guardiola’s first season at the Etihad before being sold to fellow Premier League side Leicester City in the summer of 2017 for what was then a City record fee of £25m.Iheanacho still looks back fondly on his time in Manchester where he first made his mark in the Premier League and has particularly positive memories about left-back Gael Clichy, who also moved on to a new challenge in that transfer window.FacebookTwitterWhatsAppEmail分享 Loading… center_img Super Eagles forward Kelechi Iheanacho singled out one particular Manchester City player for praise as he reflected on his start at Etihad.Advertisementlast_img read more

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Harold Dwayne Kinnett

first_imgHarold Dwayne Kinnett, 49, of Lawrenceburg, Indiana passed away Thursday, January 28, 2016.He was born Friday, April 29, 1966 in Lawrenceburg, Indiana, Son of Elizabeth Hussung and the late Harold Lloyd Kinnett Sr.Harold enjoyed painting, he worked as a painter for Jim Trennephoh.He was a member of Lawrenceburg American Legion and Aurora Eagles. Harold loved to ride a round, especially with his dog, Pepper Ann Kinnett. He loved time with his family, he was the peacemaker and wanted everyone to get along. Harold was a family man.Surviving are his mother, Elizabeth “Libby” (Wilford) Hussung of Aurora, IN; daughter, Dawn Renee Kinnett of Greendale, IN; siblings, Mary Hatcher, Richard Arthur Gardner Jr. and half brother, Ted Wayne Hussung all of Aurora, IN; grandchildren, Bryan King Jr. and Jazzmen King of Greendale, Indiana.He was preceded in death by his wife, Donna Kinnett, his father, Harold Sr. and his brother, Gerald Lee Kinnett.Friends will be received 4:00 – 7:00 PM, Sunday, January 31, 2016 at the Rullman Hunger Funeral Home, Aurora, Indiana.Services will be held at the Funeral Home, Monday, at 11:00 am with Pastor Don Pierce officiating.Interment will follow in the River View Cemetery, Aurora, Indiana.Contributions may be made to the family to help defray funeral expenses. Please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

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Solar options growing in Southeast Indiana

first_imgBatesville, In. — Thirteen homeowners and two businesses went “solar” with help from The Batesville/Oldenburg Solarizing Team in 2017. The locations are in the Batesville, Oldenburg and Greensburg areas.The group changed their name to Solarizing Indiana/Southeast because they want to widen their outreach in the three counties of Franklin, Ripley and Decatur.  The group has offered solar home tours during March of this year.Solar information sessions are scheduled for March 26, 2018, 6:30-7:3 30 pm at Greensburg Public Library, April 5, 2018 from 6:30 to 7:30 p. m. at Batesville Memorial Public Library and May 8, 2018 from 6:00 to 7:00 p. m. at Brookville Public Library.   RSVP to Claire Whalen, OSF, at 812-933-6514 or email cwhalenosf@gmail.comThe local team is part of a statewide network of volunteers who believe renewable energy is a wonderful way for citizens, businesses and faith communities to reduce their energy use and their carbon footprints and lower their electric bills at the same time.   The group seeks to help neighbors as well as city government leaders to take advantage of the opportunities and incentives currently available.Homeowners and businesses will ask, why go solar now?  What’s the hurry?  The information sessions will answer those questions and more.   A local installer, Micah Lohrum from Greensburg, will be on hand for each info session to explain how solar systems work and to address specific questions.  Our team selected his company for the second year for his 2018 competitive bid and his record of satisfied customers.On one of the March 4th home tours visits, participants learned that a home solar system installed in 2014 cost about $1,000 per solar panel.   In 2018 a similar system would cost about $700 per panel and generally be more powerful than four years ago.  Signing up for this program with installations and interconnections to the grid completed before December 31, 2018, owners of these systems who are customers of public utility companies would get 15 years of net-metering and qualify for a federal tax credit of 30% of the full cost of the installation.  Both of these incentives will be disappearing over the next three to four years.So what would it cost for a typical home in Indiana that uses 10,000 kWh of electrical energy per year and installs solar panels to generate about 50% of their power?   The installed cost for this 4 kW solar array with standard solar panels would be about $9,840 upfront, but after the 30% investment tax credit, the system’s actual net cost would be about $6,888.  This could generate almost $600 in energy savings each year.   Today’s solar panels last for 25+ years with the utility-bill savings having paid for the system after 10-12 years.  After this time, your energy costs would continue to be half of today’s.  You can also add solar panels to charge an electric vehicle and a home battery system both covered in the 30% tax credit.last_img read more

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