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Secrets to gathering great Business Impact Analysis (BIA) data for your credit union

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first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr We often times are asked, what’s the best way to gather Business Process data for ease of keeping the information current. Here are some simple steps to make the process easier for everyone involved.How does your organization define “severe impact”? Providing a clear understanding to the entire team ahead of time can save time and confusion later. This can be financial, reputation, etc. An overall understanding needs to be clear so recovery efforts can be focused effectively.From a technology perspective, start with putting together a complete list of systems that are used in your credit union.What business processes and functions does the credit union perform and provide. Each department should define for their areas. This can be likened to functions on a job description as an example. The big thing to focus on here is PROCESSES.What are business process? How detailed should I get?Here’s a great example. “Opening Accounts” – is that too vague or does it need to be broken down into smaller processes (like IRAs, HSAs, Checking Accounts, etc…)? There’s not a right or wrong answer to that question. The key is to get the processes and functions listed and defined. These can always be broken down or simplified later. There are always improvements or clarifications that can be made.Examples of systems instead of processes – Phones and Email. These are systems used for a specific business function. continue reading »last_img read more

Former Michigan CEO admits embezzlement

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first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Stanley Hayes, former president/CEO of the liquidated Valley State Credit Union, is scheduled to be sentenced in April after he admitted to embezzling $710,000 from the Saginaw, Mich. cooperative.Michigan Attorney General Bill Schuette said Hayes pleaded guilty in a state court last week to 13 felonies, which included embezzlement, computer crime and racketeering.Hayes, 45, was CEO of VSCU from 2005 until he was fired in 2016.In order to make the financial position of VSCU appear better than it was to auditors, Hayes used embezzled funds to pay loans, including loans held by dead persons.last_img

Dinner, drinks, door prizes – and disruption?

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first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jeff Rendel Jeff Rendel, Certified Speaking Professional, and President of Rising Above Enterprises works with credit unions that want elite results in sales, service, and strategy. Each year, he addresses and facilitates … Web: www.risingaboveenterprises.com Details With all of the talk around credit unions regarding business model disruption, it seems the same conversation should flow to credit union chapters. We’ve all joshed about “Chapter Chicken,” the 50-50 drawing, and how the same colleagues we saw at work just an hour before are sitting at the same table – again. Perhaps, it’s time for some change at your chapter. If so, below are five ways that five chapters are disrupting their models to remain relevant for their members. Networking is the main reason people show up. A chapter in Texas designs meetings around networking for specific areas – branches, lending, sales, technology, etc. All are invited, but the focus is singular each meeting. Average attendance rose and membership grew, even though members do not attend each monthly meeting.Meetings don’t have to be the same. A chapter in Florida hosts one sit-down dinner each year. One. The rest of the meetings are mixed: early morning breakfasts; casual lunches at credit unions; and, a steak fry during the summer. For a twist, the chapter hosted a focus group of actual credit union members. Live, they heard exactly what members want.Trends and fresh takes on business provide the most value in programming. A California chapter teams up with credit union consultants, when in town. The chapter arranges for an education session during the day and a high-level conversation for chapter members in the evening. Chapter members get an outsider’s view followed by insiders’ discussion.Casual and active meetings appeal to young professionals (and all of us, for that matter). An alliance of Midwest chapters held several meetings at technology hubs in the city. Even more, the chapters created 20 minutes of “Speed Meetings” – five focused minutes with four new people on the same topic. Connections developed and new ideas were refined through others.C-level speakers attract C-level attendees. An Illinois chapter hosts CEO-panels, but also invites out-of-area CEOs to town for their take on the credit union industry. To encourage greater CEO attendance, the guest CEO leads a CEO-only session before the chapter meeting. CEOs gain value through discussing issues that affect all CEOs in the room.The purpose of credit union chapters is to facilitate a community of professionals and volunteers. The chapter model requires just as much attention as our credit union business models. To continue adding value for your chapter members, mix up your meetings with intent. Your commitment to a fresh approach provides the kind of value that will drive demand for your chapter.last_img read more

Diversity Insight: Do you have CU Pride?

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first_imgTwo years ago, I posted a Facebook photo of my pride Apple watch face with my rainbow pride band. I captioned it, “My watch has a little too much pride. Or is there such a thing?” Lots of friends responded with positive affirmations and messages like “You can never have too much pride.”But one friend, not in the LGBTQ community, quoted St. Augustine instead. “It was pride that changed angels into devils; it is humility that changes men into angels.” I was stunned. I thought, “Is he trying to be funny? Does he not understand the deeper meaning when we say Pride?”I began reflecting on the word “pride” and what it means to our community. Over the last 30 years, I have marched in dozens of parades and attended many events. I can remember the newness and excitement of stepping outside of my hidden self to reveal my authentic self to friends and community members. Over those years, did the meaning and celebration of pride slip away or diminish somehow? This is placeholder text continue reading » This post is currently collecting data…center_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

2 milk giveaways to be held in Chenango County

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first_imgOn Wednesday, another drive-thru milk giveaway will be held at the Gilbertsville-Mt. Upton school from 1 to 6 p.m. The distribution will be held from 9 to 11 a.m. and again from 4 to 6 p.m. People are asked to stay in their cars for social distancing purposes. The giveaways will be held on a first come first served basis. (WBNG) — The Otselic Valley School in Chenango County will hold drive-thru milk distribution Tuesday.last_img

Arizona still the hot spot for West Nile

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first_imgJul 2, 2004 (CIDRAP News) – Arizona continues to bear most of the current burden of West Nile virus (WNV) infections, with 38 of the 57 human cases reported nationwide, according to figures from the Centers for Disease Control and Prevention (CDC). One of the Arizona cases was fatal. Cases in other states included 10 in California, 3 in New Mexico, 2 in Florida, and 1 each in Michigan, Nebraska, South Dakota, and Wyoming, the CDC reports in today’s Morbidity and Mortality Weekly Report. The numbers were cases reported to the CDC as of Jun 29. See also: The case numbers reported by the CDC are lower in some cases than the numbers reported by states on their health department Web sites. For example, the Arizona Department of Health Services today reports 57 human WNV cases, rather than 38. Colorado, which is not mentioned in the MMWR report, is reporting seven cases. CDC. West Nile virus activity—United States, June 23-29, 2004. MMWR 2004;53(25):563 [Full text] The CDC classified 35 of the 57 cases as neuroinvasive disease, meaning severe infections involving meningitis or encephalitis, according to the agency’s WNV Web site. Nineteen cases were listed as West Nile fever, and three cases were unclassified. The total of 57 cases reported by the CDC this week is an increase of 25 since last week. The number of blood donors with evidence of WNV in their blood remained at 13, the same as last week. Twelve of the donors were in Arizona and one was in New Mexico.center_img The CDC says 23 states have reported a total of 760 dead crows and 85 other dead birds with WNV infection, and 11 states have reported 42 WNV infections in horses. CDC West Nile case counthttp://www.cdc.gov/ncidod/dvbid/westnile/surv&controlCaseCount04_detailed.htm CDC spokesman Llelwyn Grant said there can be a lag between when the states report cases and when the CDC compiles and publishes the numbers. The states report cases through the ArboNet electronic surveillance system. “It’s not atypical for the states to be a little ahead of this system,” Grant told CIDRAP News. “They often will announce cases ahead of CDC and then we’ll eventually reflect them in the ArboNet case count system.” Grant said the CDC is updating its WNV case count once a week in this early stage of the WNV season. Later in the season the agency typically updates the numbers more often, so the numbers will probably track more closely what the states announce, he said. CDC West Nile main pagehttp://www.cdc.gov/ncidod/dvbid/westnile/index.htmlast_img read more

Belgian port city decrees curfew as virus cases surge

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first_imgBelgium’s second city Antwerp announced a nighttime curfew on Monday as the country toughened social-distancing and mask wearing rules to stem a flare-up in coronavirus cases.In the city, a major business hub and sea port, bars and restaurants will close at 11:00 pm and citizens will be obliged to get home by 11:30 pm and to stay there until 6:00 am.Everyone over 12 years old will have to wear a face mask in public places and crowded areas, contact and adult team sports will be banned and teleworking will be compulsory for anyone whose employment allows it. Antwerp governor Cathy Berx said in a statement that the situation in her city was such that she had decided to supplement the measures already taken on a national level.”Stay at home as much as possible,” she said, urging outsiders not to make non-essential visits to Antwerp and young people to stay indoors. “Do not go out to party, do not endanger yourself and others.” Earlier, Prime Minister Sophie Wilmes ordered that, from Wednesday, Belgians would be allowed to see a maximum of five people outside of their families, reducing their “social bubble” from 15.Working from home will be “strongly recommended”. Topics : Wilmes’s declaration came as fears grew in some European countries of a damaging second wave of the pandemic, with Britain reimposing quarantine requirements on holidaymakers returning from Spain.Belgian health officials said there had been a rapid rise in coronavirus cases, with 1,952 new infections over the past week, up more than 70 percent on the previous week.”The epidemiological data are worrying and we are very worried, that’s why we are acting today,” Wilmes told reporters, after a meeting of the country’s national security council.In addition, face masks are to become compulsory whenever people are unable to maintain a social distance of 1.5 meters, and the government is “strongly recommending” that people work from home.Belgium had begun to ease anti-virus measures, but Wilmes said the new rules were needed “to avoid a new complete lockdown and to avoid putting the return of schools in September in jeopardy”. ‘Rapid growth’ Frederique Jacobs, professor of infectious diseases and a spokeswoman for Belgium’s federal COVID-19 taskforce, told reporters: “The rapid growth in the number of cases is worrying.” She said the situation was particularly serious in the province of Antwerp, in northern Belgium, which recorded 47 percent of new infections in the last week. Special local measures have been taken to try to contain the spike.But Jacobs warned that “the number of infections is also rising considerably in the rest of the country”.An average of 279 people a day contracted COVID-19 in the last week, compared with 163 a day the week before.”Most infections are still coming among the active population, that is to say people aged between 20 and 59,” Jacobs said.Since the start of the pandemic Belgium has recorded 66,026 cases and 9,821 deaths, according to the latest data published on Monday, among the highest per capita rates of infection of any country.A three-year-old girl with severe pre-existing health problems became Belgium’s youngest known coronavirus victim last week.Tougher rules on wearing masks came into force on Saturday with face coverings made obligatory in markets, hotels and busy shopping streets.last_img read more

Wolf Administration Approves Two Medical Marijuana Dispensaries to Begin Operation

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first_img Human Services,  Medical Marijuana,  Press Release,  Public Health Harrisburg, PA – Governor Tom Wolf today announced the Pennsylvania Department of Health approved medical marijuana dispensaries in Chester and Lancaster counties to begin operations, bringing the statewide total to eight.Cure Pennsylvania in Phoenixville, Chester County; and Cure Pennsylvania in Lancaster, Lancaster County; have passed all Department of Health inspections and can begin operations. Patients will be able to purchase medical marijuana at these locations once it is available.“Each week, we are making great strides in expanding our network where patients will be able to get medical marijuana,” Governor Wolf said. “The approval of two more dispensaries is another positive step forward. Work continues to move patients one step closer to having medical marijuana as a tool to help with their medical condition.”More than 16,600 patients have registered to participate in the medical marijuana program, with more than 3,800 certified by a physician.“Our team is diligently working to inspect dispensaries,” Acting Health Secretary and Physician General Dr. Rachel Levine said. “Each of these inspections ensures that all standards set out by the regulations and their facilities are met, and the sites are safe and secure. The program continues to work to provide operational locations to help get medical marijuana to patients.”In order to become operational, the grower/processors and dispensaries have each undergone several inspections from the Department of Health. Each of the grower/processors are fully integrated with the seed-to-sale tracking system and are now able to begin accepting seeds and clones to grow medical marijuana.Physicians continue to register to participate in the program. To date, 701 have registered and of those, 355 have competed the training to become certified practitioners.The Medical Marijuana Program was signed into law by Governor Tom Wolf on April 17, 2016. Since that time, the department has:Completed the Safe Harbor temporary guidelines and Safe Harbor Letter application process, as well as approved more than 340 applications;Completed temporary regulations for growers/processors, dispensaries, physicians, patients, and laboratories, all which have been published in the Pennsylvania Bulletin;Issued permits to grower/processors and dispensaries;Developed the Medical Marijuana Physician Workgroup;Convened the Medical Marijuana Advisory Board;Approved five training providers for physician continuing-education;Approved three laboratories to test medication before it is delivered to patients;Launched registries for patients and caregivers, as well as physicians;Registered more than 16,000 patients for the program;Approved eight dispensaries and 10 grower/processers to begin operations; andContinued to work with permittees to ensure they will be operational.The Medical Marijuana Program became effective on May 17, 2016, and is expected to be fully implemented in 2018. The program will offer medical marijuana to patients who are residents of Pennsylvania and under a practitioner’s care for the treatment of a serious medical condition as defined by the Medical Marijuana Law.Questions about the Medical Marijuana Program can be emailed to RA-DHMedMarijuana@pa.gov. Information is also available at www.medicalmarijuana.pa.gov .For more information, follow us on Facebook and Twitter. Wolf Administration Approves Two Medical Marijuana Dispensaries to Begin Operation February 09, 2018center_img SHARE Email Facebook Twitterlast_img read more

Mandate roundup: North Yorkshire appoints insurance bonds manager

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first_imgNorth Yorkshire County Council has chosen Leadenhall Capital Partners to manage an allocation to insurance-linked securities (ILS) for its pension fund.The £3bn (€3.5bn) North Yorkshire Pension Fund launched the tender in January, explaining that it was prompted by an “urgent review” of its investment portfolio in light of risks associated with the UK’s departure from the European Union.According to the search notice, the public sector pension fund was planning to allocate 3.3-5% of total assets to the ILS mandate. This would be equivalent to around £110m-£165m.The pension fund previously said it wanted to be in a position to invest in ILS by June, as the asset class could only be accessed twice a year and June was the next intake. North Yorkshire Pension Fund is part of the £43.7bn Border to Coast asset pool together with 11 other local government pension schemes (LGPS). London CIV launches first fixed income fundLondon CIV has confirmed the appointment of CQS as the manager of a multi-asset credit fund, the first of a set of fixed income strategies the pooling vehicle is developing for its member LGPS funds.CQS was one of several fixed income managers that London CIV had lined up a few months ago, as previously reported, but its appointment was only officially confirmed yesterday with the announcement of the new fund.Four London local authority pension funds will invest £308m in the new fund at launch, bringing the London CIV’s total assets under management and oversight above £15bn.Separately, the London CIV announced it had selected Opus Nebula to provide fund factsheet and client reporting services, replacing a legacy reporting system. Brian Lee, chief operating officer at London CIV, said the investor had demanding reporting requirements and implementation timeframes, and that Opus Nebula had enabled the pooling vehicle to automate its client reporting, reduce reporting times and mitigate process risk.“This is an important first step in the build-out of our operating model,” he said.North East Scotland Pension Fund names new custodianNorth East Scotland Pension Fund has appointed HSBC Securities Services as its global custodian.The mandate from the £4.2bn LGPS includes investment accounting, investment reporting, performance services, securities lending and compliance monitoring.BNP Paribas was the pension fund’s most recent previous global custodian, having replaced Bank of New York Mellon in December 2016. Credit: Graham HobsterAberdeen, in north-east ScotlandMember data service providers wantedSeveral UK local authority pension funds are looking to set up a framework agreement for the provision of member data services.They are seeking providers of address tracing and correction, and mortality screening services for the UK and overseas.The participating LGPS are: Norfolk Pension Fund, Bedfordshire Pension Fund, London Borough of Hackney, Lothian Pension Fund, Merseyside Pension Fund, and West Midlands Pension Fund.Any LGPS fund or asset pool is free to choose a provider directly from those that will be appointed to the framework agreement, or run a further competition between them before awarding a mandate.last_img read more

Too much screen time is giving kids health problems like obesity and poor motor skills

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first_imgStuff co.nz 18 January 2019Family First Comment: Read our 2015 report on this issue https://www.familyfirst.org.nz/research/screen-time-2015/Kiwi children who spend too much time on screens are becoming sicker, more obese, and more likely to be hyperactive, according to a new study.Commissioned by the Ministry of Social Development, the study also showed young children who exceeded the recommended electronic screen time had poorer motor skills than those who were less exposed to the technology.Researchers from Auckland University of Technology (AUT) and the University of Auckland analysed the development of more than 5000 children in the New Zealand-first study, using data from the longitudinal study Growing Up in New Zealand.The researchers found two-year-olds who exceeded the daily screen time guideline of one hour each day were more likely to experience behavioural and health problems at about 4½ years of age.Ministry of Health guidelines recommend no screen time at all for children under two years, and less than an hour a day for children between two and five years.The study found children under two years spent an average of 1.5 hours a day on screens, increasing to two hours a day for children aged 3¾ years.Report author Associate Professor Scott Duncan said those numbers did not surprise the researchers, but the significant health effects of too much screen time did.READ MORE: https://www.stuff.co.nz/national/110028837/too-much-screen-time-is-giving-kids-health-problems-like-obesity-and-poor-motor-skillsKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more