Lending – Catholic Record Society http://catholicrecordsociety.co.uk/ Fri, 28 May 2021 21:20:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://catholicrecordsociety.co.uk/wp-content/uploads/2021/05/cropped-icon-32x32.png Lending – Catholic Record Society http://catholicrecordsociety.co.uk/ 32 32 Pressure mounts for President Biden to eliminate student loan debt https://catholicrecordsociety.co.uk/pressure-mounts-for-president-biden-to-eliminate-student-loan-debt/ https://catholicrecordsociety.co.uk/pressure-mounts-for-president-biden-to-eliminate-student-loan-debt/#respond Wed, 07 Apr 2021 23:16:33 +0000 https://catholicrecordsociety.co.uk/pressure-mounts-for-president-biden-to-eliminate-student-loan-debt/ Nationwide, student loan debt stands at over $ 1.6 trillion, an average of over $ 37,000 per student. Efforts to convince President Biden to eliminate the student loan debt of tens of millions of Americans are gaining momentum. A coalition of Democrats are pleading to forgive up to $ 50,000 to boost the country’s economy. […]]]>


Nationwide, student loan debt stands at over $ 1.6 trillion, an average of over $ 37,000 per student.

Efforts to convince President Biden to eliminate the student loan debt of tens of millions of Americans are gaining momentum. A coalition of Democrats are pleading to forgive up to $ 50,000 to boost the country’s economy.

When this form of loan forgiveness was not included in the $ 1.9 trillion stimulus package passed last week, pressure from some Democrats on President Biden intensified to use his own executive power to to act.

“The momentum is building, the coalition is growing,” said Democratic Representative Ayanna Pressley of Massachusetts. “It’s time for judgment.”

It’s a growing movement to demand that the president write off up to $ 50,000 in American student debt by executive order.

Nationwide, student loan debt stands at over $ 1.6 trillion, an average of over $ 37,000 per student.

“The university should be a ladder,” said New York Senator Chuck Schumer. “For too many people, debt is the anchor that weighs them down.”

One of those people is Carlsbad resident Taylor Petersen.

Through her college and graduate studies, the 28-year-old copywriter has accumulated nearly $ 80,000 in student loans, which she has so far been unable to pay interest on.

“It seems insurmountable,” said Petersen. “It’s something I’ve learned to accept as something I’ll pay for every month, probably until I’m really old.”

For now, his federal loans are on hold, after President Biden extended the break on principal and interest repayments until October 1.

But Petersen is hopeful that some form of loan forgiveness will be adopted at this point. “It would be a burden on my shoulders,” she added.

This would also apply to around 36 million other graduates.

“Particularly black and brown families,” Pressley said, “who we know will be spending this money in their communities.”

Facing Republican opposition, Democratic leaders pushing executive action say that debt cancellation will ultimately boost the economy.

“Right now, young people with student debt are not starting small businesses, not just because of the pandemic, it was a problem before the pandemic,” said Democratic Senator Elizabeth Warren of Massachusetts. “They are not able to buy houses, they often cannot leave the houses of their loved ones.”

“Why are you okay?” Petersen asked. “And why do we accept this as a life … as a future for people?”

As Democrats demand a $ 50,000 rebate, President Biden has voiced his support for $ 10,000, pushing Congress to pass a law he says he wants to sign.





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New York comedy clubs demand Cuomo to allow reopens during COVID https://catholicrecordsociety.co.uk/new-york-comedy-clubs-demand-cuomo-to-allow-reopens-during-covid/ https://catholicrecordsociety.co.uk/new-york-comedy-clubs-demand-cuomo-to-allow-reopens-during-covid/#respond Wed, 07 Apr 2021 23:16:09 +0000 https://catholicrecordsociety.co.uk/new-york-comedy-clubs-demand-cuomo-to-allow-reopens-during-covid/ Photo: courtesy of the office of Senator Michael Gianaris Today, a group of New York City comedy club owners and State Senator Michael Gianaris are demanding that Governor Cuomo allow them to reopen under the same COVID-19 restrictions as the city’s restaurants. The #SaveNYComedy initiative argues that most small venues will be forced to shut […]]]>


Photo: courtesy of the office of Senator Michael Gianaris

Today, a group of New York City comedy club owners and State Senator Michael Gianaris are demanding that Governor Cuomo allow them to reopen under the same COVID-19 restrictions as the city’s restaurants. The #SaveNYComedy initiative argues that most small venues will be forced to shut down permanently if nothing is done and that there is no difference in terms of safety between allowing a limited capacity dinner and asking people to get together to watch a comedian perform.

“I can’t find a single person making these decisions who can explain to me why comedy clubs are more dangerous than restaurants or bowling alleys that are allowed to operate now,” Senator Gianaris, known to some as of the “Amazon Slayer” for blocking the company’s planned headquarters in Queens, Vulture said. “If restaurants are allowed to have outdoor capacity, why is it any different if you have the same setup but someone is telling jokes?” It does not mean anything.”

As part of the plan to reopen phase 4 of New York, restaurants can start offering indoor dining on September 30 at 25% capacity, with tables spread out, no bar service, waiters wearing protective gear, and patrons required to wear masks unless they are seated at their tables and eating. “In a restaurant, people sitting around the table talk to each other all the time, whereas in a comedy club, they usually don’t. They look at the interpreter, ”says Gianaris. “The rule should be applied evenly for similar venues, and there is no reason why we should punish comedy clubs.”

Queens-based Gianaris, who previously led the fight for New York to freeze rent payments during the pandemic, also points out that the governor could change this rule immediately. But last week Cuomo said in a radio interview, “How essential is a comedy club when you’re talking about a possible infection rate?” Don’t offend the folks at the comedy club – Lord knows we have to laugh – but these are the calibrations we do.

The New York Comedy Coalition, meanwhile, has a long proposal which details the clubs’ plans – including the Comedy Cellar, QED Astoria, Gotham and New York Comedy Club – for the reopening. Guidelines include rules for capacity at remote tables, no gathering among patrons, tickets for all shows to allow for contact tracing, and performers standing at least ten feet from the audience. Gianaris had arranged a meeting with club owners and Cuomo’s advisers to brief them on the proposal, and he says it was surprising they weren’t included in plans to reopen.

“I have high hopes,” he said. “We were working closely with senior governor officials on this, and there seemed to be a certain level of understanding. I don’t know why they backtracked, but I hope we will correct it quickly.

On Tuesday afternoon, Gianaris joined a press conference at the New York Comedy Club to discuss the issue alongside room owners and the comics. QED Astoria organizer and owner Kambri Crews said: “We may be around 50 people – perfectly legal. But if I were to start telling jokes, charge you $ 5, require you all to be masked, sit and safely space six feet apart, and collect your contact details for tracing, that is is illegal. It does not mean anything.

Other owners, including Marko Elgart of Eastville Comedy Club and Scott Lindner of New York, explained that their capacity would still be less than 40 people and that it would be almost impossible to repay the PPP loans granted to them. James Dolce, of the Governor’s Comedy Club of Long Island, mentioned that after more than 12 weeks of presenting shows with all the proper precautions and safety moderations, not a single case has left the room. “We have proven it,” he said. “It has been done, and it can be done in any comedy club.”

Finally, comedian Christian Finnegan explained how vital the comedy scene is to the city and tourists, and pointed out that like cockroaches, stand-ups cannot be stepped on. “If the idea was to ban stand-up comedy, the guidelines set out by Governor Cuomo have been totally unsuccessful,” he said. “There are comedy shows going on tonight in private homes, in backyards, in parking lots. The only thing Governor Cuomo’s guidelines do is prevent them from being safely executed by licensed sites that know what they’re doing.



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Portland voters approve creation of new civilian-run police oversight board https://catholicrecordsociety.co.uk/portland-voters-approve-creation-of-new-civilian-run-police-oversight-board/ https://catholicrecordsociety.co.uk/portland-voters-approve-creation-of-new-civilian-run-police-oversight-board/#respond Wed, 07 Apr 2021 23:15:53 +0000 https://catholicrecordsociety.co.uk/portland-voters-approve-creation-of-new-civilian-run-police-oversight-board/ Voters in Portland on Tuesday approved a voting measure to create a new police oversight board, touted as having more powers to hold officers accountable to the public. Measure 26-217, which create the framework for the new police oversight board managed by civilians which would investigate all complaints of misconduct by city officials and impose […]]]>


Voters in Portland on Tuesday approved a voting measure to create a new police oversight board, touted as having more powers to hold officers accountable to the public.

Measure 26-217, which create the framework for the new police oversight board managed by civilians which would investigate all complaints of misconduct by city officials and impose discipline in cases where violations were found, rose from 82% to 18%, according to partial returns as of 11 p.m. Tuesday.

The new Police Oversight Board is expected to replace the Independent Police Review, which, together with the Police Bureau’s Internal Affairs Unit, investigates complaints of officer misconduct. The existing police oversight committee has drawn criticism because it cannot investigate shootings involving officers or cases in which people die in custody, cannot make its findings public, and has no jurisdiction. say in the discipline of officers convicted of offenses.

The measure will also require council funding to be at least 5% of the Police Bureau’s budget, or about $ 11.5 million this year. The independent police review has a budget of almost $ 3 million.

Opponents have questioned the legality of the new police supervisory board. They also said the proposal was rushed in the November ballot. And they say barriers like state law, city code and the current police union contract will prevent any monitoring system from being more effective than the one currently in place.

Commissioner Jo Ann Hardesty, who has championed the ballot measure, said after the results were announced she believed the proposal had been well approved and expected a legal challenge from the Portland Police Union .

“I expect them to file a complaint so it won’t be a surprise,” Hardesty said. “But because the voters have exceeded this margin by more than 80%, I think the lawyers of the city will be convinced that they can rigorously defend the will of the people in court.

– Everton Bailey Jr; ebailey@oregonian.com | @EvertonBailey

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China’s secret loan deals reveal its grip on low-income countries https://catholicrecordsociety.co.uk/chinas-secret-loan-deals-reveal-its-grip-on-low-income-countries/ https://catholicrecordsociety.co.uk/chinas-secret-loan-deals-reveal-its-grip-on-low-income-countries/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/chinas-secret-loan-deals-reveal-its-grip-on-low-income-countries/ Chinese lenders have used legal contracts to give them a hidden advantage over other creditors when lending to low-income countries, in a trend that threatens to undermine global debt relief efforts, research shows . Many contractual clauses were exceptionally strict and gave priority to repaying Chinese loans while prohibiting borrowers from restructuring their Chinese debts […]]]>


Chinese lenders have used legal contracts to give them a hidden advantage over other creditors when lending to low-income countries, in a trend that threatens to undermine global debt relief efforts, research shows .

Many contractual clauses were exceptionally strict and gave priority to repaying Chinese loans while prohibiting borrowers from restructuring their Chinese debts in coordination with other creditors, The report released Wednesday said.

It was written by analysts at the AidData research lab at the College of William & Mary in the United States, in collaboration with the Center for Global Development, the Kiel Institute for the World Economy, and the Peterson Institute for International Economics.

They analyzed 100 contracts between lenders such as the China Export-Import Bank and the China Development Bank and 24 developing countries including Argentina, Ecuador and Venezuela, all of which have defaulted in recent years, and several countries. from sub-Saharan Africa.

All contracts signed since 2014 – 38 out of 100 – contained far-reaching confidentiality clauses that prevent other creditors from knowing the true financial position of the borrower. This means that “citizens of lending and borrowing countries cannot hold their governments accountable for secret debts,” the researchers warned.

Several contracts have influenced the domestic and foreign policies of borrowing countries. These included cross-default clauses triggered by any action deemed to be contrary to the interests of a “People’s Republic of China entity”, and others which gave the lender the right to immediate repayment if diplomatic relations d a debtor country with China came to an end.

The research comes at a critical time for indebted emerging economies, as the IMF and other leading multilateral institutions like the UN warn of the looming threat of a debt crisis.

China has been criticized for its role in recent sovereign restructurings like Zambia, where some bondholders have resisted cutting their interest payments because they suspected the savings would be used to repay China’s debts. country.

“As creditors compete for their position with each other, the damage is concentrated in a country already in distress and in the weakest position to address it,” said Anna Gelpern, lead author of the report, professor of law at the Georgetown University. and senior fellow at PIIE.

Of the 100 contracts analyzed, which covered loan commitments totaling $ 36.6 billion between 2000 and 2020, 30% required the sovereign borrower to maintain a special bank account as collateral for debt repayment, usually with a bank account. bank “acceptable to the lender”.

“In the case of non-recourse project funding, this might be a normal thing to do. . . but in a sovereign development loan at full recourse, this is not normal. It’s a questionable proposition, ”Gelpern said.

Almost three-quarters of contracts contain what the report calls “no Paris Club” clauses, which expressly commit the borrower to exclude debt from Paris Club restructuring of official bilateral creditors.

China is not a member of the Paris Club. However, last year he signed two initiatives of the G20 group of the world’s largest economies to deal with the growing indebtedness of developing countries. The initiatives are managed jointly by the Paris Club, the IMF and the World Bank, using Paris Club conventions, including equal treatment for all creditors.

Scott Morris, senior researcher at the Center for Global Development, said the report’s findings were “clearly at odds” with China’s commitments under the G20 agreements. However, John Lipsky, former IMF first deputy managing director and CGD board member, said China’s commitment will be tested in practice in the coming months.

“The proof will be in the execution,” he said.

The research is the result of a multi-year effort by AidData researchers to obtain electronic copies of loan contracts from debt management systems, government registers and journals, and parliamentary websites.



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Home loan strategy 2021: do this to keep the EMI, the interest charge low, as the RBI keeps the repo rate unchanged https://catholicrecordsociety.co.uk/where-does-the-bad-opinion-about-payday-loans-come-from-and-is-it-really-correct/ https://catholicrecordsociety.co.uk/where-does-the-bad-opinion-about-payday-loans-come-from-and-is-it-really-correct/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/home-loan-strategy-2021-do-this-to-keep-the-emi-the-interest-charge-low-as-the-rbi-keeps-the-repo-rate-unchanged/ As of October 1, 2019, the RBI has mandated banks to offer retail loans such as home and auto loans tied to an external benchmark, which for most banks is the RBI repo rate. In its first bimonthly monetary policy review of 2021-2022, the Monetary Policy Committee (MPC) RBI kept the repo rate unchanged. However, […]]]>

As of October 1, 2019, the RBI has mandated banks to offer retail loans such as home and auto loans tied to an external benchmark, which for most banks is the RBI repo rate.

In its first bimonthly monetary policy review of 2021-2022, the Monetary Policy Committee (MPC) RBI kept the repo rate unchanged. However, the interest rate on loans is expected to rise in a few months and any further cuts have been ruled out.

As Citrus Loans reports, the largest lender in the country National Bank of India (SBI) did not extend the low rate offer that was available until March 31. The interest rate for SBI home loans was 6.70% for loans up to Rs 75 lakh and 6.75% for loans in the range of Rs 75 lakh to Rs 5 crore. But, as of April 1, 2021, the interest rate of the SBI home loan is 6.95% and more depending on the loan amount, gender and the borrower’s credit profile.

SBI clarified that the original interest rates from 6.95% were restored as of April 1, 2021 and that, therefore, there has been no increase in loan interest rates. real estate by the bank.

But is that a likely signal that rates could get tougher from here?

The RBI’s move comes at a time when the resumption of economic growth remains elusive and inflation also remains untamed. The political repo rate continues to stay at 4% and the mortgage interest rate is around multi-year lows, with most banks currently offering mortgage loans at around 7% interest rates. .

MCLR Vs RLLR Home Loans

The marginal cost of funds (MCLR) lending rate was introduced from April 2016. Among other factors, the MCLR is based on the bank’s cost of equity. However, since October 1, 2019, the RBI has mandated banks to offer retail loans such as home and auto loans tied to an external benchmark, which for most banks is the RBI repo rate. Whenever RBI revises the repo rate, the interest rate revision is much faster for the borrower compared to MCLR linked loans.

Real estate loan strategy in 2021

Your mortgage lending strategy in 2021 will depend on the type of mortgage loan you are managing – is it based on the marginal cost of funds based lending rate (MCLR) or the repo linked lending rate (RLLR)?

Existing borrowers who have already taken out a loan before October 1, 2019 can continue with their loans tied to the marginal cost of funds (MCLR) based lending rate and not switch to the repo linked lending rate (RLLR). MCLR loans can be converted to RLLR, but one must carefully assess the cost-benefit ratio before doing so. This may incur a cost and therefore take into account the remaining term of the loan before taking this step. Before changing, we can wait a few more months to get a clear picture of the evolution of interest rates. If you are a borrower with a loan linked to the marginal cost of funds (MCLR) lending rate, the lower MCLR will help you pay lower EMIs on your loan as your reset period progresses. will produce.

New borrowers who need a loan now will have to take it according to the bank’s RLLR. Some banks call it an External Reference Rate (EBR). Banks, however, may not offer loans on their RLLR, but depending on the loan amount and other factors, the effective rate may differ. On average, for the majority of borrowers depending on loan amount, profession, gender, etc., the mortgage interest rate is 7%, or even more in most banks. Some of the banks that a new borrower can explore for the best mortgage interest rate include SBI, LIC housing finance, ICICI Bank and HDFC, Kotak Mahindra Bank etc.

Reduce the cost of interest

By lowering the mortgage interest rate by 1% or choosing a low rate lender, the EMI and the total interest charge go down. Choose a lender that offers a low interest rate based on your profile. Let’s take a look at how a 100 basis point or 1% reduction in the mortgage interest rate impacts your IME and the total cost of interest.

Even a 100 basis point reduction can help you save a few lakh in interest charges, depending on the remaining term of the loan. Assuming a home loan of Rs 40 lakh for 15 years, the savings in EMI and interest (on a drop of 200 basis points) will be:

Registered EMI – Rs 4,758 (Rs 57,000 annually)
Total Interest Saved – Rs 8.5 lakh

Another way to reduce the interest burden is to continue to pay off the principal at regular intervals. It is better to prepay every 6 months or on an annual basis so that the principal amount outstanding falls much sooner. Such prepayments should ideally be made during the initial stages of the loan, as interest charges are higher in the early years of the loan. You can use a home loan repayment calculator to find out the amount of savings.

What to do

New borrowers can explore 2-3 lenders and ask for the effective mortgage interest rate based on their loan amount, gender, and loan period. As the repo rate increases, borrowers paying EMI on RLLR linked loans will be impacted much faster than MCLR linked loans. Therefore, remember, whether it is an MCLR or RLLR home loan, keep a prepayment plan on hand to pay off the loan amount as soon as possible. The sooner you pay off the loan, the less the interest burden will be on you.

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Retirement and appointments revealed in 9 caisses populaires https://catholicrecordsociety.co.uk/retirement-and-appointments-revealed-in-9-caisses-populaires/ https://catholicrecordsociety.co.uk/retirement-and-appointments-revealed-in-9-caisses-populaires/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/retirement-and-appointments-revealed-in-9-caisses-populaires/ UC professionals are making career changes. Source: Andy Dean Photography / Shutterstock WHERE IS Gene Pelham Rogue Credit Union in Medford, Ore., announced that the President / CEO Gene Pelham will retire in the spring of 2022 after more than 18 years of service. Pelham, who has over 40 years of experience in the financial […]]]>


UC professionals are making career changes. Source: Andy Dean Photography / Shutterstock

WHERE IS

Gene Pelham Gene Pelham

Rogue Credit Union in Medford, Ore., announced that the President / CEO Gene Pelham will retire in the spring of 2022 after more than 18 years of service. Pelham, who has over 40 years of experience in the financial services industry, joined the credit union in 2003 and became President / CEO in 2007. Under his leadership, Rogue grew from 39 400 members and $ 303 million in assets to over 166,000 members and $ 2.5 billion. in assets. Pelham led Rogue through the Great Recession, the purchase and takeover of Chetco Federal Credit Union, a merger with Malheur Federal Credit Union, and an expansion of seven branches to a network of 27 locations. Rogue Board of Directors appointed EVP & COO Matt Stephenson the new president. Pelham will retain the role of CEO until his retirement. Stephenson joined the Credit Union in 2004, serving as Executive Vice President for the past 10 years.

Judy Loveless-Morris Judy Loveless-Morris

The $ 992.7 million, based in Seattle Caisse populaire Salal hiring Dr. Judy Loveless-Morris as head of diversity and human resources. Loveless-Morris brings nearly 20 years of experience in management, education, research and diversity, equity and inclusion (DCI). In her new role, she will lead Salal’s HR and DCI strategies and efforts. Prior to joining Salal, Loveless-Morris served as Vice President for Equity, Diversity and Inclusion at Tacoma Community College in Tacoma, Washington. Prior to that, she spent time as Dean of University Education and Acting Director of Diversity and Equity at Clover Park Technical College in Lakewood, Washington. She holds a master’s degree in sociology and statistics and a doctorate in philosophy in sociology from the University of Washington.

IS

Rob brown Rob brown

The $ 6.1 billion, based in Poughkeepsie, NY Hudson Valley Credit Union hiring Rob brown as vice president of branch administration. He will be responsible for the 20 branches of the caisse. Brown brings a wealth of experience in executive roles overseeing large branch networks for Key Bank and M&T, as well as eight years as a Regional Director of Commercial Banking Services for Westchester and Rockland Counties with Citizens and Chase.

Karen DeSalvo Karen DeSalvo

The $ 550 million, based in Martinsville, Virginia ValleyStar Credit Union hiring Karen DeSalvo as the first director of the experiment. DeSalvo will directly oversee the management of the financial centers, contact center, digital services and marketing functions. She has over 20 years of executive financial management experience with several major credit unions and banks, and has led strategies to build strong brands, enhance the consumer experience and drive organizational growth. She has also led teams to integrate data and technology to further improve the consumer experience while increasing product adoption.

Ellen coughlin Ellen coughlin

Leominster Credit Union ($ 785 million, Leominster, Mass.) Promoted two employees.

Ellen coughlin was promoted to Vice President, Human Resources and Development. Coughlin has served as Assistant Vice President of Human Resources for the past five years and has worked for the Credit Union for 17 years. She will be responsible for all HR functions, development and training, and will become a member of the management team.

Mychelle Phillips Mychelle Phillips

Mychelle Phillips was promoted to vice president, operations and information technology. Phillips has worked for the LCU for 17 years and has served as Vice President of Operations for the past six years. His new roles will include responsibility for the digital and member service center, operations and IT division. She will also become a member of the management team.

The $ 950 million, based in Marlborough, Massachusetts St. Mary’s Credit Union promoted three employees to SVP positions.

Sarah day Sarah day

Sarah A. Day was promoted to SVP, Commercial Credit Officer. Day joined the Credit Union in 2005 as Marketing Director and moved to the Commercial Loans team in 2013, most recently serving as Vice President and specializing in Commercial Mortgages, Vehicle Lending and equipment and commercial lines of credit.

Armand Fernandez Armand Fernandez

Armand A. Fernandez was promoted SVP, Senior Small Business Lending Officer. He joined SMCU in 2013 as Vice President, Small Business Lending, leading the credit union’s small business lending efforts. He is responsible for the Small Business Administration’s designation of the Credit Union as the Massachusetts Credit Union of the Year for the past six years.

Christine Monteiro Christine Monteiro

Christine G. Monteiro was promoted to SVP, Branch Administrator. Monteiro joined SMCU in 2004 as Branch Manager of the Hudson Credit Union branch and has served as Vice President of Retail Services for the past two years, overseeing the Hudson branches. , Northborough and Westborough. In her new role, she will be responsible for the organizational management of the day-to-day operations of SMCU’s branch network, as well as the expansion of corporate services and the business development team.

MIDWEST

Eric Hardman and his wife Joyce Eric Hardman and his wife Joyce

Eric hardman, which served to the $ 223.7 million, based in St. Louis, Missouri Electro Savings Credit Union for 21 years, retired from his position of Vice President of Finance and Lending and Chief Financial Officer on April 1.

Patti poe Patti poe

Electro named Patti poe as the new vice president of finance and loans and chief financial officer. Poe previously worked at Electro from 2000 to 2003 as an accounting manager and mentored under Hardman.

SOUTH

David Cic David Cic

The $ 2 billion, based in Austin, Texas A + Federal Credit Union hired a new executive and promoted another.

David Cic was hired as financial director. Cic has over 20 years of experience in the financial industry and comes to A + FCU from the $ 1.8 billion Westerra Credit Union of Denver, where he served as Vice President of Finance. In this role, he oversaw the finance and accounting teams and managed the investment strategies and securities portfolio of the credit union.

Tricia lewis Tricia lewis

Tricia lewis was promoted to SVP from Human Resources. Lewis has been with A + FCU since 2002, starting as an HR assistant and working his way up to senior management positions. His role includes overseeing the human resources and training departments of the credit union.

Tina Clossick Tina Clossick

The $ 3.95 billion Coastal credit union in Raleigh, NC, hired Tina Clossick as vice president of corporate partnerships. In her new role, she will lead and grow the credit union community engagement team, build relationships and drive growth among business partners, and ensure Coastal has a strong presence and positive impact among its partners. corporate and in the community. Clossick brings over 15 years of experience to Coastal, most recently as Associate Director of Development at the Fuqua School of Business at Duke University. Previously, she founded and spent over 10 years managing the Kidzu Children’s Museum in Chapel Hill, North Carolina.

CUSOS

Lisa chavez Lisa chavez

The Dallas-based Mortgage of UC members, a division of Colonial Savings, FA, named Lisa chavez and Kelton Robinson treatment managers. In their new roles, Chavez and Robinson will be responsible for developing training resources, managing the pipeline, reviewing cases and streamlining overall processing improvements to ensure on-time mortgage closings and satisfaction. continues from members and credit unions.

Chavez has worked for UC members since March 2019, where she was previously a Loan Assistant and Loan Processing Officer. She has over 18 years of experience in the mortgage industry as a sub-contractor, underwriter and mortgage reconciliation.

Kelton Robinson Kelton Robinson

Robinson joins UC members with over 12 years of experience in the mortgage finance industry, including over 10 years as a team leader. His past roles include Senior Mortgage Processor, Financial Services Officer, Processing Supervisor and Escalation Specialist.

Please send your People news to Natasha Chilingerian at [email protected]



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Credit Union’s New Green Horizons Initiative Offers Loan Incentives https://catholicrecordsociety.co.uk/credit-unions-new-green-horizons-initiative-offers-loan-incentives/ https://catholicrecordsociety.co.uk/credit-unions-new-green-horizons-initiative-offers-loan-incentives/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/credit-unions-new-green-horizons-initiative-offers-loan-incentives/ PORTLAND, Ore. (KTVZ) – OnPoint Community Credit Union, the largest Oregon-based credit union, on Monday announced new commitments in the fight against climate change, including the Green Horizons initiative, which makes the adoption by residents of more affordable Oregon and Southwestern Washington of new, sustainable technology. OnPoint Green Horizons offers special price reductions on electric […]]]>


PORTLAND, Ore. (KTVZ) – OnPoint Community Credit Union, the largest Oregon-based credit union, on Monday announced new commitments in the fight against climate change, including the Green Horizons initiative, which makes the adoption by residents of more affordable Oregon and Southwestern Washington of new, sustainable technology.

OnPoint Green Horizons offers special price reductions on electric and hybrid vehicles, as well as solar panels. In addition to these member discounts, OnPoint is taking other steps to reduce its carbon footprint with telecommuting programs, environmental education, employee volunteer opportunities, and donations to environmentally focused organizations.

“The global threat of climate change requires all of us to take action to ensure a sustainable future for our community and the world,” said Rob Stuart, President and CEO of OnPoint. “Going green shouldn’t be a luxury only a few can afford. We want to help our members make more sustainable choices without breaking the bank, which is why we are proud to offer programs that make green choices more affordable. Our Green Horizons This initiative is just one step on the long road to helping build a greener future. “

Green auto discount

OnPoint’s Green auto discount offers 0.25% 1 APR on auto loan rates for new or used electric or hybrid vehicles financed by OnPoint. For each green auto loan approved, OnPoint will donate to Nature conservation (TNC) in Oregon, which brings people together to solve the biggest conservation challenges of our time such as climate change. The electrification of automobiles is one of TNC’s priorities. OnPoint donates $ 250 for each electric vehicle loan and $ 125 for each hybrid vehicle loan.

“To tackle climate change, we need to switch to clean, renewable energy while restoring and protecting nature to help reduce greenhouse gas emissions,” said Jim Desmond, State Director of The Nature Conservancy in Oregon. “We are encouraged by this program which makes low emission vehicles more accessible to our community and commend OnPoint for its leadership in this area.”

OnPoint members in the electric or hybrid vehicle market can also find additional incentives through Oregon, Washington and federal programs.

Home Equity Solar Panel Rebates

OnPoint Green Horizons is also making it more affordable for homeowners to generate their own solar power. When homeowners apply for an EquityFlex line of credit for home improvements, they can secure a portion of their line of credit for the purchase of solar panels and receive a 0.25% 3 reduction on the fixed portion APR. EquityFlex. Homeowners can save even more money by reviewing incentives and incentive programs. Oregon and Washington.

Solar energy is sustainable, renewable and abundant, even in the Pacific Northwest. Each kilowatt hour (kWh) of solar energy generated greatly reduced greenhouse gas emissions like CO2, as well as other pollutants. In addition to the environmental benefits, solar power systems result in energy savings over time. On average, it takes about 7.5 years of energy saving to offset the cost a solar investment.

Help fight climate change

OnPoint is also committed to supporting organizations that strive to make an impact to help combat the effects of climate change. In addition to the Green Auto Discount donations to TNC, here are some partners and initiatives that OnPoint has recently supported through charitable donations:

  • $ 1,500 to Caldera, which partners with schools in Portland and central Oregon to deliver year-round mentoring programs to underserved youth that integrate art and nature and are grounded in the positive development of youth.
  • $ 2,500 to Ecology in and out of classrooms, which inspires Kindergarten to Grade 12 students to care for nature and their communities through hands-on science education.
  • $ 1,000 to Eco-school network, which recruits, trains and motivates parents to help initiate and maintain sustainable practices in their child’s school so that students can develop the values ​​and skills necessary to maintain a healthy environment.
  • $ 1,500 to SOLVE Oregon Beach Cleanup, which organizes individuals and communities across Oregon to help remove marine litter and debris from our beaches that can endanger wildlife and negatively impact water quality.
  • $ 1,000 to Rogue farmhouse, which trains and equips the next generation of farmers and ranchers through hands-on educational programs and the preservation of Oregon’s farmlands. Without a coordinated strategy, these exploitable lands are threatened with development, consolidation and withdrawal from agriculture.
  • $ 1,500 to Oregon WaterWatch, which works to protect and restore the water in Oregon’s rivers, streams and lakes for fish, wildlife and humans.
  • Provide employee support for the Oregon Wildlife Foundation Watch the wildlife campaign, which seeks to provide dedicated funding for wildlife passage projects across Oregon through the sale of a commemorative Oregon license plate. Once 3000 vouchers have been sold, the plate goes into production.

ABOUT ONPOINT COMMUNITY CREDIT UNION

OnPoint Community Credit Union is Oregon’s largest credit union, serving more than 427,000 members and with assets of $ 8.1 billion. Founded in 1932, OnPoint Community Credit Union membership is available to anyone who lives or works in any of Oregon’s 28 counties (Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas , Gilliam, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Morrow, Multnomah, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler and Yamhill) and two Washington counties (Skamania and Clark) and members of their immediate family. More information is available at www.onpointcu.com or 503-228-7077 or 800-527-3932.

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  1. APR = annual percentage rate. Vehicles meeting OnPoint’s green auto discount standards benefit from a 0.25% reduction on the indicated APR. All OnPoint loans are subject to approval of credit terms. Discount does not apply to existing OnPoint auto loans.
  2. Between February 1, 2021 and November 1, 2021, OnPoint will contribute up to $ 250 to The Nature Conservancy of Oregon per qualifying OnPoint auto loan towards the purchase of a zero or low emission vehicle to support its efforts in this area. of climate change, with a minimum total. donation of $ 50,000. The mission of The Nature Conservancy is to conserve the lands and waters on which all life depends. More information about the Conservancy is available by mail at 821 SE 14th Avenue, Portland, OR 97214, by phone at (503) 802-8100, or at www.nature.org.
  3. Benefit from a 0.25% reduction on the APR of the EquityFlex fixed part when the product is used to purchase solar panels. Review of purchase order or invoice required to qualify. Discount applies to invoice / purchase order amount, not to exceed $ 12,000.



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Datuk among suspects in RM400million bank loan scandal https://catholicrecordsociety.co.uk/datuk-among-suspects-in-rm400million-bank-loan-scandal/ https://catholicrecordsociety.co.uk/datuk-among-suspects-in-rm400million-bank-loan-scandal/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/datuk-among-suspects-in-rm400million-bank-loan-scandal/ PUTRAJAYA: A former president and CEO of a bank is among four people detained for alleged corruption. The 49-year-old suspect, who is a Datuk, was arrested Tuesday evening by anti-corruption officers in Kuala Lumpur. The four suspects will help Malaysia’s Anti-Corruption Commission (MACC) investigate a RM400 million financial loan scandal. They were presented to the […]]]>


PUTRAJAYA: A former president and CEO of a bank is among four people detained for alleged corruption.

The 49-year-old suspect, who is a Datuk, was arrested Tuesday evening by anti-corruption officers in Kuala Lumpur.

The four suspects will help Malaysia’s Anti-Corruption Commission (MACC) investigate a RM400 million financial loan scandal.

They were presented to the Magistrate’s Court here yesterday and were remanded until April 2 under article 117 of the Code of Criminal Procedure.

Sources said the four received around RM8 million in commission for approving a financial loan for a non-existent project.

“A bogus project is created in order to obtain a financial loan with internal help.

“After the loan was approved and the money disbursed, the business was closed. The project was not implemented after that, ”the source said.

We learn that the main suspect, after receiving a gratuity, accelerated the approval of the loan.

“The loan was granted without a feasibility study or due diligence. This was done without following banking procedures, ”added the source.

MACC Chief Commissioner Datuk Seri Azam Baki confirmed the arrests, claiming that investigations had been carried out under Article 16 of the MACC Law.



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High school graduates could delay college due to financial impacts of COVID-19 https://catholicrecordsociety.co.uk/high-school-graduates-could-delay-college-due-to-financial-impacts-of-covid-19/ https://catholicrecordsociety.co.uk/high-school-graduates-could-delay-college-due-to-financial-impacts-of-covid-19/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/high-school-graduates-could-delay-college-due-to-financial-impacts-of-covid-19/ TOPEKA, Kan. (WIBW) – A recent study shows that 2020 high school graduates may have delayed their college plans due to concerns about their financial security. Junior Achievement of Kansas says COVID-19 has had an impact on how teens think about their personal financial futures, prompting 25% of graduates to delay their college plans in […]]]>


TOPEKA, Kan. (WIBW) – A recent study shows that 2020 high school graduates may have delayed their college plans due to concerns about their financial security.

Junior Achievement of Kansas says COVID-19 has had an impact on how teens think about their personal financial futures, prompting 25% of graduates to delay their college plans in 2020 amid reduced financial support from parents and children. guardians due to the pandemic. The findings, which indicate that teens are largely concerned about how they will pay for their education, point to an increased need for financial literacy programs to enable them to make financial decisions that will impact them in the long run.

According to JA, the pandemic has had a disproportionate impact on teens of color, with 60% of black teens and 59% of Hispanic teens in grades 11 and 12 saying the pandemic has affected the way they will pay for their college education, up from 45 % of adolescents. their white peers.

JA said the survey was conducted among 2,000 American teens between the ages of 13 and 19 who are not in college and 500 dozen who graduated from high school in 2020.

“The past year has brought unprecedented challenges and uncertainty for everyone, and high school students feel that uncertainty as they move through the transition to the next phase of their life after high school,” said Christine Roberts. , Head of Student Loans at Citizens. “Equipping students with the skills and knowledge they need to make important financial decisions is key to reducing uncertainty and ensuring that teens are able to make sound financial decisions.”

According to JA, although showing more uncertainty and anxiety among young people due to the pandemic, the survey also showed an overall sense of optimism among respondents, with 74% of high school students remaining optimistic about their financial future. . He said that even with many post-high school projects delayed, 65% of the 2020 cohort remained optimistic about their financial future.

JA said many of those interviewed said the pandemic has allowed their families to tap into their college savings. He said 72% of Class of 2020 graduates planned to attend college and expected their parents or guardians to pay for at least part of their education. Of these, 37% say their parents or guardians will cut their planned financial support for education due to the pandemic. He said that 81% of juniors and seniors plan to go to college and expect their parents or guardians to pay for part of their college education, and among them, 43% say their parents or guardians reduce their planned financial support for education.

“Last spring there were concerns about the impact of the pandemic on the Class of 2020, and this investigation reinforces those concerns,” said Ashley Charest, president, Junior Achievement of Kansas. “After the 2008 financial crisis, we saw a doubling of student loan debt and young adults affected by this delayed major life decisions, like buying a house, creating a home. a family and planning for the future. It is important that we support today’s teens who are suffering the economic fallout from COVID. For Junior Achievement, that means providing essential life skills training to help them get through uncertain times. “

According to JA, the survey also found that 55% of 2020 graduates spoke more to their fiancé families due to the pandemic. He said 69% of 2020 graduates are concerned about the financial impact of the pandemic on their families.

For more information, click HERE.

Copyright 2021 WIBW. All rights reserved.



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Wadsworth Atheneum: Manship makes the old modern https://catholicrecordsociety.co.uk/wadsworth-atheneum-manship-makes-the-old-modern/ https://catholicrecordsociety.co.uk/wadsworth-atheneum-manship-makes-the-old-modern/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/wadsworth-atheneum-manship-makes-the-old-modern/ Paul Manship, “Indian”, 1914. Bronze, brown-black patina. Wadsworth Atheneum Museum of Art, bequest of Honora C. Robertson. © Estate of Paul Manship. HARTFORD, CONN. – One of the most famous American sculptors of the early twentieth century, Paul Manship (1885-1966) mixed old patterns to suit modern sensibilities. After studying at the American Academy in Rome […]]]>


Paul Manship, “Indian”, 1914. Bronze, brown-black patina. Wadsworth Atheneum Museum of Art, bequest of Honora C. Robertson. © Estate of Paul Manship.

HARTFORD, CONN. – One of the most famous American sculptors of the early twentieth century, Paul Manship (1885-1966) mixed old patterns to suit modern sensibilities. After studying at the American Academy in Rome (1909-12), Manship returned to New York, where his dramatic and energetic bronze works reinterpreted forms, stories, and styles from the past to the modern American era. His clean Art Deco style and ability to portray his subjects at the most defining moments of the drama garnered critical acclaim, particularly in the 1920s and 1930s. Seen together in this exhibition, his signature bronzes and associated associated sketches to ancient artifacts illustrate how Manship became a master at sampling images and fusing disparate visual elements from multiple cultural traditions. “Today we call it a mash-up,” says Erin Monroe, Robert H. Schutz Jr, associate curator of American Paintings and Sculpture at Wadsworth. “It’s a practice that has permeated popular culture, in music, fashion and the visual arts, for example. “Paul Manship: Ancient Made Modern”, the first museum exhibition in 30 years and new in its examination of this aspect of the artist’s work, will be presented on July 3 at the Wadsworth Atheneum Museum of Art.

Organized into three themes, the exhibition examines the influence of past art on the modern twentieth century style of Manship. “Breaking Through in Bronze” looks at Manship’s founding years in Italy after winning a prestigious Rome Prize. His artistic career can be anchored in this important period of his life.

Several major loans from the Minnesota Museum of American Art in St Paul, Minnesota, the artist’s hometown, tell the story of his early mastery of bronze, a medium that would define his career. One of the borrowings, a 1912 sketch for a frieze from the Siphnian Treasury at Delphi, reveals an interest in motif and ornament evident in one of his first fully completed bronzes, the “Centaur and Dryad” de Wadsworth (1913). Manship’s earliest sculptures and drawings are interspersed with ancient artifacts representative of those he studied closely during his three years in Rome and on subsequent travels across the Mediterranean, Europe and Egypt. The shape of a Cypriot statue of a standing man, the narrative and ornamental details of Greek ships such as an oil flask (circa 475-460 BCE) and a style of bas-relief carving inspired by a fragment of Assyrian relief from the palace of Ashurnasirpal II (883-859 BCE), all found their way into the Manship sculptures.

Paul Manship, “Pronghorn Antelope”, 1914. Bronze, brown-black patina.  Wadsworth Atheneum Museum of Art, purchased with a donation from Henry and Walter Keney and the Krieble Family Fund for American Art.  © Estate of Paul Manship.

Paul Manship, “Pronghorn Antelope”, 1914. Bronze, brown-black patina. Wadsworth Atheneum Museum of Art, purchased with a donation from Henry and Walter Keney and the Krieble Family Fund for American Art. © Estate of Paul Manship.

“Modernizing Mythology” explores Manship’s affinity for mythological subjects and his unique way of illuminating centuries-old histories. Examples of Manship’s captivating bronze sculptures are on display alongside large-scale architectural designs, representing his ability to work on projects of varying scale. Statuettes such as the beautifully silhouetted “Flight of Night” (1916) possess a sense of movement. A series of panels from the American Telephone and Telegraph Building in Lower Manhattan (commissioned 1914; installed 1921) feature voluptuous and muscular male and female figures that blend elements of Asian and ancient art. Floating in dreamlike realms, gold accents and sculpted ornaments merge a multicultural aesthetic into a modern, glittering Art Deco design.

“Art for the Public” presents works by Manship from the height of his career connecting them to today’s conversations about urban design and the beautification of public spaces. Widely known for two major projects of the 1930s – Prometheus at Rockefeller Center and the Paul Rainey Memorial Gates at the Bronx Zoo – this is the point in Manship’s career when he undertakes civic projects of great ambition. The legacy of the iconic sculpture of Prometheus is explored through archival photographs and a small 7-inch gilded model (1933), a rare surviving model for the work at heroic scale. The Wadsworth’s “Great Horned Owl” represents Manship’s more animal work, as seen in his design of the Rainey Memorial Doors.

Visitors will have the opportunity to learn about the artistic process and materials of Manship, through a drawing prompt highlighting how fundamental the act of drawing was in Manship’s training as a sculptor. Plaster casts such as Kore (maiden) of Euthydikos, circa 490 BCE (after the marble original in the Acropolis Museum in Athens) illustrate the works of Manship sketched in person, as shown his drawing of a similar archaic statue Peplos Kore, from the Acropolis, 1924. These sketches and studies also point to the influence of Manship’s travels to classical and ancient sites in Italy, Greece and Egypt. Additionally, archival views of Manship in his studio are on display alongside his carving tools borrowed from the Manship + Studios artist residency in Gloucester, Mass.

The Wadsworth Atheneum Art Museum is located at 600 Main Street. For information, 860-278-2670 or www.thewadsworth.org.

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