5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Study examines effect of harassment on health.Workplace harassment is directly tied to a variety of physical and psychological problems suffered by victims, including stress, loss of sleep, depression and anxiety, says a new study from Ball State University.“Workplace Harassment and Morbidity Among U.S. Adults” also found that victims were more likely to be female, obese, multiracial, and divorced or separated. The report is based on an analysis of 17,524 people who participated in the 2010 National Health Interview Survey and was recently published by the Journal of Community Health.Jagdish Khubchandani, a community health education professor at Ball State and the study’s lead author, says the results clearly show that bullying at the workplace hurts everyone.The humiliation and ridicule of workplace harassment causes victims to have low self-esteem, concentration difficulties, anger, lower life satisfaction, reduced productivity and increased absenteeism, says Khubchandani, who coauthored the study with James Price, a faculty member at the University of Toledo. continue reading »
Hire and empower high-quality advisor talent: Research points to a direct correlation between number of advisors and the number of members helped by wealth management services.Offer incentives for advisory business: Firms that do so enjoy a 2.4 times greater share of their revenue from advisory business compared to firms that do not.Include and emphasize financial planning services: These services help address key member concerns regarding their financial stability and preparing for the future.Improve member awareness and referral practices: As your members have a pleasant experience with their advisors, they’re more likely to spread the word. Develop a referral policy that recognizes and rewards members for their loyalty. They feel appreciated and you get new business — it’s a win for everyone. 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Rob Comfort Rob Comfort is the president of CUNA Mutual Group’s broker-dealer, CUNA Brokerage Services, Inc. (CBSI). In this role, Rob leads 430 advisors at 285 credit unions managing $25 billion … Web: https://www.cunamutual.com Details Credit union leaders are always in search of new ways to better serve members and add value to their lives. While your organization doesn’t chase shareholder returns in the same way that other financial institutions might, finding new opportunities to meet member needs and generate new business is still important. And when those two goals intersect, opportunity awaits. Wealth management is such an intersection. After all, financial security is the top priority for credit union members of all ages. At the same time more than half (52%) of members prefer accessing financial services at a credit union, but member penetration for investment services is a mere 3%, according to a February 2019 report, “Making Wealth Management Core in Credit Unions” by Kehrer Bielan and sponsored by CUNA Brokerage Services, Inc. (CBSI). The report found that, when credit unions make wealth management core to their business, they can:.· Increase the share of members helped by the wealth management unit by 29%· Double the revenue production of the wealth management unit· Increase the net profit contribution of the wealth management unit to the credit union by 56%But what does it mean to make investment services “core” to the business? The report found that wealth management becomes a key part of the credit union’s offerings when members think of the credit union as a provider of investments as readily as they view it as a provider of traditional deposit and loan services. The report also found that integrating wealth management services, such as retirement planning, investment services and overall financial planning yields a number of significant benefits. Here are four advantages the report identified that credit unions may enjoy when wealth management services become core. 1. Expanded wallet shareHouseholds that have investment holdings with their credit union keep 42% more savings and investments at their credit union than those who simply consider the credit union to be their primary depository. The typical credit union household keeps just 17% of their savings and investments with their credit union. However, the report found that when just one investment relationship is added, credit unions increase wallet share by 159% and the relationship has a positive impact on member loyalty and retention. 2. Increased customer life cycleWhen credit unions offer more products and services, they not only give members more options, but they also strengthen member relationships. By adding just one investment relationship, credit unions can increase wallet share by almost 160%. And when a household considers the credit union its primary financial institution, assets held by the credit union jump by 82% on average. In addition, the report found that wealth management client households stay with their credit unions for 1.7 more years on average versus households that view credit unions as being their primary depository.3. Added points of saleMembers with investment relationships at their credit unions are often in need of other financial services, too. Those with investment relationships are:· 35% more likely to have a first mortgage· 100% more likely to have a second mortgage· 50% more likely to have a home equity line of credit · 93% more likely to have an automobile loan· 77% more likely to have a money market account4. Higher levels of member trustWhile the report found that 44% of credit union households with one credit or depository account have a great deal of trust in their credit union, that number drops to 41% when a second deposit or loan product is added. However, when an investment or insurance account is added, members are 20% more likely to have a great deal of trust in credit unions.There are numerous ways credit unions can integrate investment services into their core services. The Kehrer Bielan report identified four essential components:
…following CJ’s ruling– ruling has implications for several Govt MPs – JagdeoFollowing Thursday’s landmark court ruling that a dual citizen cannot be a Member of Guyana’s Parliament, Opposition Leader Bharrat Jagdeo has said that People’s Progressive Party (PPP) Chief Whip Gail Teixeira is prepared to renounce her Canadian citizenship.Jagdeo made the revelation during his weekly press conference on Friday at theBusiness Minister Dominic Gaskin was born in the UKparty’s Freedom House, Georgetown.According to the party’s General Secretary, the National Assembly is clear that a MP having dual citizenship will have implications and as such, he revealed Teixeira’s decision.“She is prepared to give up her Canadian citizenship, I spoke to members on myside about it…she said so voluntarily, I know that she has been thinking about it for a while and I didn’t call her to ask her if shePPP Chief Whip Gail Teixeirawill, I spoke with her and she said that,” Jagdeo revealed.Further, Jagdeo noted that the APNU/AFC coalition Government presently has several Ministers who also hold dual citizenship, including Minister of State Joseph Harmon and Vice President and Foreign Affairs Minister, Carl Greenidge.“Harmon now may no longer be a Minister by virtue of the Constitution, he has to resign because of the ruling and the same goes for Vice President and Minister of Foreign Affairs…this puts us in new territory. I have no doubt that the Government will try to appeal this, and CJ will uphold (the)Dr Rupert Roopnaraineruling…the ruling is clear, you cannot be a dual citizen in the National Assembly…that’s what our Constitutions says,” Jagdeo recognised.He noted, however, that the PPP/C would be holding an executive meeting where they will discuss a way forward.Justice George at the High Court on Thursday pronounced on the case filed by Government supporter, Compton Reid over the dual citizenship of former AFC Member of Parliament (MP) Charrandas Persaud, whose vote in support of the Opposition sponsored no-confidence motion on December 21, 2018, saw thetoppling of the coalition Government.In the case it brought to the Chief Justice,Minister of State Joseph Harmon is reportedly a dual citizen of the USGovernment had argued that Persaud’s dual citizenship status invalidated his vote in support of the no-confidence motion that brought the Government down.This argument also formed part of the opinions presented to Speaker of the National Assembly Dr Barton Scotland in the hopes that he would reverse the ruling – something the speaker ultimately refused to do.According to the CJ, by swearing allegiance to another state, a dual citizen is not qualified to be elected to serve in the National Assembly. She noted that whileForeign Affairs Minister Carl Greenidge is a dual citizen of the UKformer coalition Member of Parliament, Charrandas Persaud should not have been a sitting parliamentarian because of his dual citizenship, at the time of his vote on the motion, he was a valid MP hence his vote was valid.Efforts by this publication to make contact with Harmon and Greenidge were unsuccessful.