My first financial relationships after graduating from college were with a local bank in the community where I lived and the credit union where I worked. There was great similarity in the operation of the two institutions. Not only did they provide me with the financial services I needed, but the CEOs of both listened to what I told them and responded with sound options. As a result, I developed a long lasting relationship with both and experienced what has now become a lost art.Small financial institutions, both banks and credit unions grew in size and stature because they knew how to treat their customers and members. They took a real interest in every person who walked through their doors because they understood that if they treated that person right, they would be forever loyal to them. It was important that a bond be created between the person and the financial institution. Every meeting was looked upon as an opportunity to create a strong, lasting relationship that would enable the institution to become the primary financial provider for that person and their family. For an individual, the financial institution that took an interest in them, that listened to their needs, and that provided them with advice was the one in which they would place their confidence. They were comfortable discussing their financial needs as well as their dreams of what they would like to achieve in life. They could talk about a home of their own, a new car, a vacation, money for Christmas, or an education for their children. If times became difficult and they lost their job or took a reduction in salary they knew they could walk through those doors and when they left, things would be better.Times changed, institutions got bigger, CEO’s got busier; the age of computers came upon us and on-line banking and no-teller transactions became the way business was conducted. Personal contact, a one-on-one meeting, listening to what was said, and providing direction slowly faded away and became the exception rather than the rule. And today, in the midst of the worst financial crisis the majority of our citizens have ever experienced, we need the rule back.Credit unions have always championed themselves as being there for their members. They proudly boast about how they began and their dedication to putting members first. People helping people has been their philosophy since day one. Credit unions have experience in dealing with difficult times. When manufacturers closed their facilities the employer sponsored credit union would merge with another so that their members would be taken care of and not lose the services they needed. When tragedy would strike a community, the credit union would step up and provide the help that would make things whole again. When a family had an unexpected event that would change their lives, their credit union was there to help.Now, more than ever, members of credit unions need consideration, counseling, and confidence during these difficult times. Over the next twelve to twenty four months, individuals may experience financial problems that will require individual attention and specific solutions. It is the responsibility of each credit union to uphold the solid reputation they have built of being there when needed. They must bring back the personal touch. When a member walks through the doors, the credit union must make sure they feel and know they have come to the right place. They are in the financial institution where the member always comes first.Credit unions can and must make it happen, again. 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Michael Fryzel Michael Fryzel is the former Chairman of the National Credit Union Administration and is now a financial services consultant and government affairs attorney in Chicago. He can be reached at … Details
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Topics : “The political leadership of the country must accept the will of its citizens,” Seibert said. Belarus on Monday declared a landslide election victory for strongman Alexander Lukashenko after police used stun grenades, tear gas and rubber bullets to disperse protesters denouncing the vote as a fraud.The protests erupted after an exit poll for Sunday’s election showed Lukashenko soundly beating main opposition challenger Svetlana Tikhanovskaya.Police in Belarus detained 3,000 people for taking part in unauthorised gatherings during post-election demonstrations on Sunday.Tikhanovskaya on Monday she rejected the result of the vote and demanded that the authorities transfer power to the opposition. Earlier Monday, Berlin had voiced “strong doubts” about the vote in Belarus.”We have strong doubts — and from our point of view justified doubts — about the… conduct of these elections,” government spokesman Steffen Seibert told a press conference.”Minimum standards for democratic elections were not met” and this was “not acceptable”, he said, adding that “the numerous reports of systematic irregularities and violations of electoral law are credible”.Berlin also condemned the “use of violence against peacefully demonstrating people” as well as “numerous arrests”. Germany, which currently holds the rotating presidency of the EU, threatened Monday to reactivate EU sanctions against Belarus over a disputed presidential vote that has led to angry street protests with thousands arrested.Referring to sanctions against Belarus previously lifted because of initial progress improving the rule of law, German Foreign Minister Heiko Maas said the bloc must review “whether this can still be valid in the light of the past weeks and days”.Speaking in Berlin after a meeting with his South Korean counterpart Kang Kyung-wha, Maas also called for the immediate release of all protesters arrested for demonstrating peacefully.
Advertisement Metro Sport ReporterThursday 14 May 2020 1:12 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link310Shares Aubameyang has 17 league goals this season (Picture: Getty Images)Arsenal legend Thierry Henry admitted last week that although Aubameyang’s exit would leave a gaping hole in the Gunners’ attack, the striker may have to leave the club to further his own career.He told Sky Sports’ The Football Show: ‘Listen everybody will do whatever they have to do. How am I going to say to somebody to stay when I left?More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘Things happen, but that doesn’t kill the love you have for a place. But as an Arsenal fan you want them to stay.‘But as a football player, he will assess the situation with his family, with his dad – that I know also – and they will see what is the best for them.‘If you’re an Arsenal man you don’t want him to leave, but also the guy has a career and I don’t know what’s in his head or where he wants to go.’MORE: Arsenal star Mesut Ozil explains why he invented his trademark finishMORE: Robin van Persie reveals Arsene Wenger’s ‘crucial’ words of advice at ArsenalFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Advertisement Comment Bernd Leno names Arsenal teammate Pierre-Emerick Aubameyang as the ‘best striker in the Premier League’ Leno played against Aubameyang in the Bundesliga (Picture: Getty Images)Arsenal goalkeeper Bernd Leno has named teammate Pierre-Emerick Aubameyang as the Premier League’s best striker, above the likes of Manchester City’s Sergio Aguero and Tottenham’s Harry Kane.The Gabon international has had another prolific season for the Gunners, scoring 17 league goals this campaign.With his current deal at the Emirates Stadium due to expire in the summer of 2021, Aubameyang has been linked with moves to Manchester United, Chelsea, Barcelona and Real Madrid in the next transfer window.Leno, who came up against Aubameyang in the Bundesliga whilst playing for Bayer Leverkusen, believes the striker is the best in England’s top-flight.AdvertisementAdvertisementADVERTISEMENT‘It was always very hard to play against Auba! In Germany, like in England, he was the best striker in the league with Lewandowski,’ he said in a Reddit AMA.‘Every time he scored a lot of goals and sometimes against me as well. It was very hard to play against him.‘But I’m very happy that he’s now on my team and that the other keepers are in the bad position I was in!‘I think he’s the best striker in the Premier League – I’m so happy he’s our captain.’
It noted that it was the first time since 2004 that private sector membership was on a virtual par with the public sector, with private-sector membership having been on a continual decline from 1991 to 2012.Total occupational pension scheme membership was 33.5m, the highest level recorded by the survey. It counted 10.6m pensions in payment.The average total contribution rate in private-sector defined contribution (DC) schemes was 4%, broadly in line with the level in 2014, according to the ONS survey.The split is 1.5% for employee contributions and 2.5% for employers.ONS noted that the figures were above the current legal minimum but below the 5% and 8% totals that will be required as of 2018 and 2019, respectively.Aviva noted that, at current rates of decline, in 2024, there will be no more active members of private-sector defined benefit pension schemes in the UK.“This would have significant implications for the health of retirement savings in the UK,” it said.“While the average contribution in a defined contribution occupational pension scheme currently sits at 4%, the average contribution in a defined benefit occupational pension scheme currently sits at 21.2%.”The UK government will next year launch a review of the future of auto-enrolment.The ONS survey excludes group personal pension arrangements. Active membership of occupational pension schemes in the UK reached its highest level in more than 30 years in 2015, according to figures released by the Office for National Statistics (ONS).There were 11.1m active members last year, the highest level since 1983.The numbers are split fairly evenly between the private sector (5.5m) and the public sector (5.6m).Aviva Investors said there had been “a staggering reversal of fortunes” for participation in the private sector, with auto-enrolment the major driver behind this success.
40 Garfield Dr, PaddingtonIt was the views that really clinched the deal for Peter Marles when he first looked at this beautiful Paddington property in 2005.The hilltop home, which was built between 1939 and 1941 in the English revival style, has panoramic city and suburban views, which can be enjoyed from many areas of the house, including the master bedroom. 40 Garfield Dr, Paddington Designed by renowned architect of the time, Eric P. Trewern, the three-level home still retains many of the art deco features he included.“I remember I walked up the front steps and I just went ‘wow’, the views blew me away. I remember it quite vividly,” Mr Marles said.After living in the home for a couple of years Mr Marles renovated it to suit a more modern lifestyle.“We have done a significant amount of work since then to make it much more contemporary,” he said.“There was minimal garage space, we improved that. The house was really a series of smaller rooms, so we took all the walls out and suspended the roof, so it is all open plan now.“We added a family room on the back and two decks and a new swimming pool. We retained all the chandeliers and all the art deco ceilings and things.” Mr Marles said one of his favourite parts of the house was the back deck, which had 270-degree views as far as Moreton Bay. “That is how high up the house is and there is always a beautiful breeze up there,” he said. Each of the bedrooms on the upper level of the home has built-in storage. One of the bedrooms has a bay window and another has a juliette balcony.Downstairs is a separate airconditioned apartment and living area which has a kitchenette and bathroom. The home has a three-car garage and lock up storage area. HOTW 40 GARFIELD DVE PADDINGTON After enjoying the home and its location for 14 years, Mr Marles is downsizing.He said the house was one of the few to be built during World War II and it had really stood the test of time.It had polished timber floors, high ceilings, a fireplace and original chandeliers. More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe kitchen was renovated with Wyer and Craw cabinetry, stone benchtops, Miele dishwasher, Ilve oven, six-plate gas cooktop and a butler’s pantry. There are bi-fold doors which open onto the entertainment area which overlook the swimming pool.The main bedroom has high ceilings, plantation shutters, and city views. It has an ensuite with a traditional clawfoot bathtub and a rainwater shower.
There’s never been a better time to lock in a low rate mortgage, but experts warn homeowners must prepare for rises within coming months.Experts are warning homeowners to prepare for a rise in mortgage rates within months, despite the RBA holding rates at 0.25pc today.The latest Finder RBA cash rate survey saw 57 per cent of experts expect that mortgage rates will rise by 2021, whether the cash rate remained at 0.25 per cent or, as some warn, even if it flatlines at zero. MORE: Demand for affordable housing set to soar QLD postcodes lead first home loan deposit scheme take-up MORE REAL ESTATE NEWS The RBA board has decided to keep the official cash rate on hold at 0.25 per cent.The RBA last moved to drop the official cash rate to a record low 0.25 per cent in March this year as the coronavirus crisis began to spread, and had since refused to touch it, even in the face of the market swinging towards a decrease to 0.00 per cent in late August.On Monday the ASX 30 Day Interbank Cash Rate Futures September 2020 contract was trading at 99.885, “indicating a 56 per cent expectation of an interest rate decrease to 0.00 per cent at the next RBA Board meeting”, according to data on the Australian Stock Exchange.Finder insights manager Graham Cooke warned against complacency either way, saying “a flat cash rate does not mean homeowners are in the clear”.“We learned this during the most recent period of cash rate stagnation. While the rate held at 1.25 per cent for 34 months starting in 2016, banks increased their variable rates seven times,” he said.“This means that homebuyers considering a variable mortgage should still factor in a potential repayment increase of 2-3 per cent to their budget to prevent rate shock.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Canstar’s Steve Mickenbecker called for homeowners to look for better deals off lending institutions.“There are likely better rates out there for you. We know lenders have been moving rates out of step with the Reserve Bank, and the moves have been largely cuts with just one variable rate increase since July, and widespread rate rises still seem a while off,” he said.Canstar data showed that eight lenders hiked fixed interest rates while none increased variable ones in August.At the same time, 17 lenders cut variable rates and 12 cut fixed rates, it found. The data was based on based on owner occupier and investment loans in Canstar’s database available for $400,000, 80 per cent LVR. More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoExperts are warning that the RBA cash rates flatlining are not something to celebrate.Pandemic-induced pressure on banking profits was driving the prediction, with half the experts on Finder’s survey bracing for rises in the first half of next year.Economist Cameron Kusher of REA Group said RBA statements indicated “it remains reluctant to cut official interest rates”.“On the other hand,” he said, “their forecasts would seem to indicate they remain a long way away from achieving their economic goals which would put them in a position to start increasing rates”.Matthew Peter of QIC told the survey that “RBA has signalled that it will keep rates on hold for around three years”.“Governor Lowe has also indicated that the RBA is highly unlikely to shift rates into negative territory. It is more probable that the RBA will lower the cash rate to 0.10 per cent if the outlook deteriorates. However, at this point, the RBA is likely to remain on hold for the foreseeable future”. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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It is the longest ban ever handed out to a Premier League manager, and not since Brian Clough was banned from the touchline – from February 1989 until the end of that season for hitting fans, who invaded the pitch – has a boss at a league club been given such a stiff punishment. Pardew, who has also been fined £100,000 and given a formal warning by his club, said he will not appeal against the sanction. The Newcastle manager said in a statement: “As I have made clear, I deeply regret the incident and again wholeheartedly apologise to all parties for my conduct, which I understand was not acceptable. “I will accept the punishment handed down by the FA today. My focus now turns to preparing the team for this weekend’s game against Fulham and finishing the season as strongly as possible.” Pardew will be banned from Craven Cottage this weekend, and then from St James’ Park for the home games against Crystal Palace and Everton. The touchline bans will kick in for the games against Southampton (away), Manchester United (home), Stoke (away), Swansea (home). The 52-year-old appeared at a personal hearing in front of a three-man commission. It is believed the panel also looked at recent incidents over the last two seasons. Pardew was given a two-match touchline ban and £20,000 fine in August 2012 for pushing an assistant referee, and was also warned about his conduct in January this year following a heated exchange when he was caught on camera swearing at Manchester City boss Manuel Pellegrini. The clash with Irish midfielder Meyler occurred during Newcastle’s 4-1 win at Hull on March 1, which led to Pardew being sent to the stands by the referee. Alan Pardew will start his record seven-match ban by missing Newcastle’s trip to Fulham this weekend. Press Association The Newcastle manager was handed the seven-game ban – including a three-game stadium exclusion – for head-butting Hull midfielder David Meyler. Pardew, who has accepted the punishment, has also been fined £60,000 and warned about his future conduct by an independent regulatory commission after admitting a misconduct charge.
The Eagles boss has a chequered record against Arsene Wenger’s side during his managerial career, with some of the highest and lowest points of his Newcastle reign coming with the Frenchman in the opposing dugout. The occasional touchline bust-up between the two added to occasions such as a memorable 4-4 draw at St James’ Park – with Pardew’s Newcastle battling from four goals behind at half-time to salvage a scarcely believable point. Alan Pardew has called on his Crystal Palace players to go toe-to-toe with Arsenal on Saturday in the hope of pulling off an upset. The 53-year-old has since departed Tyneside to take over at Selhurst Park and, having won three of his five Premier League games in charge, he knows what his players need to do this weekend to continue his fine start. “You always relish challenging the big side and they are a massive club – great history,” Pardew said of facing Arsenal. “Of course, the style that they play gives you a certain problem and you have to make a call as to what you are going to do. “They can expose you – first half, three years ago at Newcastle we absolutely got the run around but second half we turned it around dramatically. “You have to accept the challenge of what they bring and if you’re half-hearted in that challenge you are going to get found out. “Of course, there are other games that I have absolutely suffered – losing 7-3 at the Emirates springs to mind. I have been embarrassed as well, I have had good days and bad days too, but none of that enters my focus this weekend. It is always a new game.” Arsenal face a Champions League tie against Monaco on Wednesday night and although the perceived advantage of facing a side fresh off the back of a European fixture may not be there for Palace, Pardew is taking heart from the fact the Gunners have won only two of their eight games directly preceding Champions League games so far this season. “I’m pleased with that stat – it gives me some confidence,” he said. “Two out of eight is not good. I would prefer to play them next weekend but it will be a slight consideration for Arsene at some point in the game. Maybe with his selection of players or in his substitutions, it may influence the game.” Pardew took his Newcastle side to the Emirates earlier this season and saw banners unfurled by the travelling support calling for his sacking, with his team roundly beaten 4-1 by a rampant Arsenal. Santi Cazorla scored twice in that game and the Spaniard has continued to impress this season, with Pardew highlighting the midfielder as Arsenal’s player of the season so far. “Sometimes you look at a team and the way they play and then you look at the statistics and it adds up,” Pardew said. “He has the most passes and the most crosses. He is at the top of the list in almost every section and therefore, for a player who has not always been a permanent fixture in that side, has earned that right and I’m sure Arsene is very pleased with him.” Press Association
Aston Villa have said they are “aware of the photographs circulating” of Jack Grealish after the midfielder was pictured apparently drunk on holiday in Tenerife. Several photographs of the 19-year-old lying on the floor were posted on Twitter by Briony King, who described the footballer as being “paralytic”. King later claimed she had no idea who the person in the photographs was when they were originally put up on Sunday, after receiving a number of responses through social media. Villa announced in a statement they will now have talks with Grealish over the incident, saying: “The club is aware of the photographs of Jack Grealish currently circulating. “We will be meeting with the player but any action will remain an internal matter. There will be no further comment from the club.” It is not the first time the 19-year-old has been controversially pictured. In April, Villa boss Tim Sherwood spoke to him after a snap – taken in 2014 – emerged of the midfielder apparently inhaling legal high nitrous oxide. “I explained to him his behaviour can’t be tolerated by the football club, we can’t condone that behaviour,” Sherwood said at the time. “It doesn’t matter how young he is, he is now in a responsible position as a professional footballer. He’s got to make sure it won’t happen again, he’s assured me it won’t.” The midfielder made 24 appearances for Villa last season, becoming a regular under Sherwood, and helped them survived in the Barclays Premier League and reach the FA Cup final, which they lost 4-0 to Arsenal last month. Grealish’s international future also remains in the air with England courting the starlet, who has previously represented the Republic of Ireland at Under-21 level. Meanwhile, Micah Richards is expected to complete his move to Villa within the next 48 hours. The defender, 26, is set for a medical ahead of becoming Sherwood’s first summer signing on a free transfer. Richards is out of contract having been released by Manchester City following a season-long loan spell at Fiorentina. Press Association