Kill the credit union org chart: revisited

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr In 2011 we published a post titled “Kill the Credit Union Org Chart” that continues to drive a substantial amount of site traffic. In that post we outlined a different way of thinking about credit union organizational structure than the typical departmental approach taken by most credit unions. Consider this post a long overdue supplement.A key question arising from the Kill The Org Chart post is this: Should we rigidly adopt the value chain concept as we define credit union activities, or is it best to customize?There are two different paths to take in constructing a value chain. The first is to adhere to the tenants of the value chain “religiously,” meaning that the value chain mimics that originally drafted by Michael Porter in Competitive Advantage. The second is to adapt, or customize, the model.The Challenges Of Rigid AdoptionIf the value chain is adopted as Porter describes and without modification, then the primary functions of the value chain look like this:Inbound LogisticsOperationsOutbound Logistics continue reading »last_img read more

Russia reports 10,102 new coronavirus cases

first_imgGrave diggers wearing personal protective equipment (PPE) carry a coffin while burying a coronavirus disease victim in the special purpose section of a graveyard on the outskirts of Saint Petersburg, Russia May 5, 2020. REUTERS It also reported 95 new deaths from COVID-19, bringing the total death toll in Russia to 1,451. (Reuters) MOSCOW – The number of new coronavirus cases in Russia has risen by 10,102 over the past 24 hours, compared with 10,581 the previous day. This brought Russia’s nationwide tally to 155,370, the country’s coronavirus crisis response centre said on Tuesday.last_img

Kerry completes a Hampshire Rose hat trick

first_img13 Apr 2016 Kerry completes a Hampshire Rose hat trick Former English women’s champion Kerry Smith won the Hampshire Rose for the third time with a two-under par score at North Hants Golf Club Smith, from Waterlooville in Hampshire, previously won the Rose in 2001 and 2002, when she was a member of the Curtis Cup team. This time she scored 73 71 in a strong north easterly wind. She was four shots clear of the field and saw off the challenge of four rivals who tied for second place: England Golf squad players Ebonie Lewis (Knowle) and Sharna Dutreux (Wrotham Heath), another Hampshire player, Georgie Mundy (Corhampton), and former England international Tara Watters (Muswell Hill), who won the Rose in 2011. Kerry Smith won the English women’s amateur in 2004 and was an England international from 1997 to 2008. She has helped Hampshire to win the English women’s County Finals on four occasions. Click here for full scoreslast_img read more

Ind vs WI 2nd T20I Review: Mumbai beckons as WIndies level series to stay…

first_imgAdvertisement 6nohNBA Finals | Brooklyn VsquWingsuit rodeo📽Sindre E64yio( IG: @_aubreyfisher @imraino ) gk7Would you ever consider trying this?😱w4Can your students do this? 🌚725nbRoller skating! Powered by Firework West Indies managed to pull through a planned chase in Thiruvananthpuram with a massive 8-wicket win over the hosts. India’s sloppy fielding and lethargic bowling were punished duly by the Windies as they romped home with 9 balls to spare. Advertisement West Indies won the toss and elected to bowl first after winning the toss. Kieron Pollard named a solitary change by naming Nicholas Pooran in place of the veteran Dinesh Ramdin. Meanwhile, Indian captain Virat Kohli named an unchanged eleven which executed a record victory in Hyderabad a few days back.Advertisement The opening partnership did not kick start once again as KL Rahul attempted to go big off left-arm spinner Kharry Pierre. In a move unforeseen, Shivam Dube was promoted to Number 3 and the all-rounder justified the decision with astute striking.The scoring rate was handed a boost with Dube finding boundaries with ease. On the other end though, The Hitman was visibly struggling after being unable to cope up with the slowness of the pitch and the Windies bowling unit’s subtle variations.Advertisement Sharma too trudged his way back to the pavilion after attempting a paddle scoop over fine-leg which only saw shattered stumps much to the delight of Jason Holder. Dube recorded his maiden fifty in International colours while Kohli had a short stint at the crease after Williams was able to exact revenge for the events that transpired in Hyderabad.Dube perished soon after his landmark unable to take advantage of the dropped catch on the previous ball. Pant remained unbeaten till the end with a valuable cameo with wickets of Iyer, Jadeja and Sundar tumbling along the way. The Men In Blue eventually managed to notch up 170-7 at the end of their 20 overs.The Indian bowling unit began the defence with promise by containing the explosive Windies opening pair in the powerplay. The hosts although failed to garner momentum which was hampered by several drop catches and inconsistent bowling.Despite notching up two wickets in quick time, Nicholas Pooran effortlessly joined forces with Lendl Simmons to take the Windies over the line.Problems mount plenty for the hosts concerning the fielding and the number of sixes conceded. India have conceded a total of 27 sixes in the matter of the two matches so far. Read Also:Bruh moment of 8th December 2019: Faf du Plessis says Hardus Viljoen isn’t playing because he is ‘lying in bed’ with his sisterOne of India’s best ever ODI players: India was ‘very poor’ in the field against West Indies!     Advertisementlast_img read more

Fewer Boats But Just as Much Fun for 2020 Mayor’s Cup…

first_imgWith a much smaller turnout than in previous years because of the coronavirus pandemic, the 2020 Mayor’s Cup Regatta for “Bragging Rights on the Navesink” was held July 5. Only two fleets raced, the Keel Boat Fleet and a One Design Fleet. Prior year’s races included Cruising, Optimist and 420 classes as well. The bridge race runs from the Shrewsbury River Yacht Club (SRYC) to Lewis Point. While the regatta started with a nice wind, by the return to the Oceanic Bridge, the breeze had died, forcing several racers to retire, according to SRYC. But in spite of the failing wind, all one-design boats and the finishers in the cruising fleet came in under the time limit. River Rats (Fair Haven Sailing Club) and Monmouth Boat Club provided the race committee. Carole and Joe Malik served on the committee boat and Les Hathaway, Pris Gettis and others from Monmouth Boat Club served on mark laying and safety boats. Registration was done on the water and Portsmouth handicaps were used. Jeremy Herman from Fair Haven Yacht Works took first place for the Keel Boat Fleet, with Remedy, a Merit 25 sailboat. Paul Lucyk from Monmouth Boat Club won the One Design Fleet race in an MC-Scow. The article originally appeared in the July 9 – 15, 2020 print edition of The Two River Times.center_img Photos by Patrick Olivero PATRICK OLIVERO last_img read more

Brand South Africa welcomes the United Nations’ appreciation of SA’s peacekeeping operations

first_imgJohannesburg, Friday 31 May 2019 – Brand South Africa has noted and welcomes the United Nations (UN) recognition and praise of South Africa’s role in peacekeeping missions on the African continent.Speaking at the 2019 commemoration of the International Day of UN Peacekeepers held in Bloemfontein, South Africa – the newly appointed UN Resident Coordinator of the United Nations in South Africa Ms. Nardos Bekele-Thomas said that the country’s brave men and women should be celebrated for they put their lives at risk daily in their efforts to bring peace and security in the countries from which they operate. “Many other South African men and women have paid the ultimate price in the service for global peace,” added Bekele-Thomas.Since the advent of democracy in 1994, domestic and international expectations have steadily grown regarding South Africa’s role as a responsible and respected member of the internationally community.“South Africa has come a long way since the days when the sight of its armed forces used to instil fear among the peoples of neighbouring states. Since 1994, South Africa has transformed the South African National Defence Force (SANDF) into a symbol of hope and a defender of defenceless people. South Africa’s armed forces are celebrated today for their critical role in stabilising, reconstruction and development of infrastructure and the training of troops in war-torn countries,” said Brand South Africa Acting CEO, Ms Thulisile Manzini.With a total of more than 1,190 troops stationed in UN Peacekeeping missions in the Democratic Republic of the Congo, Sudan and South Sudan, South Africa is considered as the 11th biggest troop contributor to UN Peacekeeping in Africa and the 17th biggest in the world.Testament to South Africa’s efforts is also recognised in the 2018 Good Country Index, which sees the country ranking 3rd out of 163 countries for its contribution to international peace and security. The Good Country Index measures how much each of the 163 countries on the list contribute to the planet, and to the human race, through their policies and behaviours. The Index is a composite statistic of 35 data points mostly generated by the United Nations. These data points are combined into a common measure which gives an overall ranking, and a ranking in seven categories: Science and Technology, Culture, International Peace and Security, World Order, Planet and Climate, Prosperity and Equality, as well as Health and Well-being.Brand South Africa would also like to express sincere congratulations to Ms Bekele-Thomas on her new appointment as a direct representative of the UN Secretariat. Ms Bekele-Thomas’ role includes, but not limited to, ensuring the coordination of all UN operational activities for its development programme in the country and to facilitate the alignment and coherence of UN operational activities for development in line with national priorities and development objectives.//ENDS//Notes to the EditorAbout Brand South AfricaBrand South Africa is the official marketing agency of South Africa, with a mandate to build the country’s brand reputation, in order to improve its global competitiveness. Its aim is also to build pride and patriotism among South Africans, in order to contribute to social cohesion and nation brand ambassadorship.About Play Your PartPlay Your Part is a nationwide programme created to inspire, empower and celebrate active citizenship in South Africa.  It aims to lift the spirit of our nation by inspiring all South Africans to contribute to positive change, become involved and start doing. A nation of people who care deeply for one another and the environment in which they live is good for everyone.Play Your Part is aimed at all South Africans – from corporates and individuals, NGOs and government, churches and schools, from the young to the not-so-young.  It aims to encourage South Africans to use some of their time, money, skills or goods to contribute to a better future for all. For more information or to set up interviews, please contact: Tsabeng NthiteTel: +27 11 712 5061Mobile: +27 (0) 76 371 6810Email:[email protected]last_img read more

Hanley Award Goes to Energy Star’s Sam Rashkin

first_imgArchitect and urban planner Sam Rashkin made the Environmental Protection Agency’s Energy Star for Homes program, which he has managed since its launch in 1995, one of the most widely cited standards in the residential construction industry.That accomplishment not only is Rashkin’s alone, it is one of the key reasons he was chosen to receive the third annual Hanley Award for Vision and Leadership in Sustainable Housing, a $50,000 prize that will be presented to him in May during the 2012 American Institute of Architects National Convention, in Washington, D.C.A graduate of Syracuse University, where he received a Bachelor of Architecture, and New York University, where he earned a master’s degree in urban planning, Rashkin also has served on the national steering committees for the U.S. Green Building Council’s Leadership in Energy and Environmental Design for Homes certification program, the National Association of Home Builders’ green building guidelines, and the EPA’s WaterSense labeling program.Previous recipients of the award — which is sponsored by the Hanley Foundation, Hanley Wood, and Builder and EcoHome magazines — include Ed Mazria, founder of Architecture 2030, and Alex Wilson, founder and executive editor of BuildingGreen Inc., which is publisher of Environmental Building News.“Sam has done more than anyone to dramatically improve the energy performance of new homes,” Wilson, who served as a judge for this year’s award, said in a recent EBN post. “His perseverance and tenacity in generating builder support for Energy Star Homes has been phenomenal. No one is more deserving of this award than Sam.”last_img read more

Banking regulator sees potential risks in high home prices debt loads

first_imgTORONTO – Stricter regulations aimed at tightening mortgage lending to take some of the risk out of the market will be finalized by the end of the month, the federal financial regulator said Tuesday.Final changes to the Office of the Superintendent of Financial Institutions’ (OSFI) residential mortgage lending guidelines, also known as B-20, will come into force two or three months afterward, its head, Jeremy Rudin said during a speech to the Economic Club of Canada in Toronto.The superintendent said the “broad thrust” of the changes will be similar to what it proposed in July — the draft of which included a new stress test for all uninsured mortgages, as well as prohibitions on co-lending arrangements that are designed or appear to be designed to circumvent regulator requirements.“We clearly see the potential risks caused by high household indebtedness across Canada, and by high real estate prices in some markets,” Rudin said. “We are not waiting to see those risks crystallize in rising arrears and defaults before we act.”The stress test, if implemented, would mean that homebuyers who have a down payment of 20 per cent or more and do not require mortgage insurance will still have to prove they can continue to make their payments if interest rates rise.Rudin’s comments Tuesday come after the Bank of Canada hiked interest rates twice this summer, once in July and once last month, after unexpectedly strong economic numbers.The superintendent told reporters after his speech that these changes are aimed at reinforcing sound underwriting amid the “evolution of house prices,” particularly in major markets. He added that “complacency in the lending community can set in” and there can be an “over reliance” on collateral when a borrower’s ability to carry a mortgage is key.“Nobody can say with any certainty what’s going to happen in the housing markets, or what’s going to happen to housing prices,” Rudin told reporters. “But we do know this. Housing prices are still near their all-time highs and mortgage rates are still near their all-time lows. And while sound underwriting is always important, it’s never been more important than it is now.”He added OSFI’s crackdown on co-lending, or bundled mortgages — in which federally regulated lenders pair up with unregulated providers to finance a property — is aimed at making sure financial institutions adhere to rules that limit how much they can lend.“We think that the system as a whole needs to have a certain integrity,” Rudin said.Rudin acknowledged that the changes to rules followed by federally regulated lenders could potentially push would-be home buyers towards riskier financing options, such as shadow banking.Still, he said the institutions that fall under OSFI’s purview handle about 80 per cent of Canada’s mortgage lending.“We recognize, as I said, that some of the activity might migrate outside the federal sphere,” he said. “And although not an intended nor positive consequence, it doesn’t relieve us from the responsibility to act on our mandate.”The stricter lending rules by the banking regulator comes after the Ontario government moved to cool down the hot housing market with a host of measures in April. Those actions included a foreign buyers tax, similar to one previously handed down in Vancouver with a similar goal.However, the latest figures from the Greater Vancouver Real Estate Board released Tuesday show that September home sales were up compared with a year ago and the MLS Home Price Index composite benchmark price was $1,037,300 in September, up 10.9 per cent compared with a year ago.last_img read more

2016 census highlights Indigenous Peoples immigration and housing

first_imgOTTAWA – Statistics Canada released the latest findings from the 2016 census Tuesday, this time focusing on Indigenous Peoples, immigration and housing. Some selected highlights:— The census counted 1.67 million Indigenous people in Canada in 2016, accounting for 4.9 per cent of the total population — up from 3.8 per cent in 2006 for a growth rate of 42.5 per cent over the last 10 years, four times the rate of the non-Indigenous population.— The average age of the Indigenous population was 32.1 years, nearly a decade younger than the non-Indigenous population at 40.9 years. The census counted 145,645 children aged 0-4, 8.7 per cent of Aboriginal people in Canada.— One in five Indigenous people in Canada is living in a dwelling that needs “major repairs,” while one in 10 lives in a household that has a space shortfall of at least one bedroom.— However, 7.3 per cent of Indigenous people in Canada are 65 or older, compared with 4.8 per cent in 2006 — and that proportion could double by the year 2036.— The census counted 145,645 Indigenous children aged 0-4 in 2016.— The number of people who identified as First Nations reached 979,230 last year, up 39.3 per cent over 2006, while the Metis population grew by 51.2 per cent over the same period to 587,545 people. The census recorded 65,025 Inuit, 29.1 per cent higher than in 2006.— Winnipeg (92,810), Edmonton (76,205), Vancouver (61,460) and Toronto (46,315) reported the largest Indigenous populations, while the highest proportion of Aboriginal people were in Thunder Bay (12.7 per cent), Winnipeg (12.2 per cent) and Saskatoon (10.9 per cent).— In 2016, 7.5 million people — about 21.9 per cent of the total population — reported being foreign-born individuals who immigrated to Canada. In 1921, the census reported that proportion at 22.3 per cent, the highest since Confederation. Statistics Canada projects that proportion could reach between 25 and 30 per cent by 2036.— The census counted 1,212,075 new immigrants who permanently settled in Canada between 2011 and 2016, 3.5 per cent of the total population last year.— 60 per cent entered under the economic category, 26.8 per cent to join family already in Canada and 11.6 per cent as refugees. During the first four months of 2016, refugees accounted for one-quarter of all immigrants admitted to Canada, thanks to an influx of refugees from Syria.— Asia, including the Middle East, remains the largest source of recent immigrants to Canada at 61.8 per cent, followed by Africa at 13.4 per cent. Europe — once dominant in this category at 61.6 per cent in 1971 — ranked third at 11.6 per cent.— More immigrants have been settling in the Prairies. The percentage of new immigrants living in Alberta reached 17.1 per cent in 2016, compared with 6.9 per cent in 2001; In Manitoba, it went to 5.2 per cent, up from 1.8 per cent, and four per cent in Saskatchewan, up from one per cent in 2001.— Visible minorities numbered 7.7 million in 2016, 22.3 per cent of Canada’s population. 30 per cent were born in Canada.— In 1921, more than 70 per cent of the foreign-born population reported English or French as a mother tongue, while fewer than 30 per cent reported a different language. In 2016, the precise opposite was true: more than 70 per cent reported a different mother tongue, compared to less than 30 per cent for English or French.— In 2016, nearly 2.2 million children under 15 — 37.5 per cent of all children in Canada — were either foreign-born themselves or had at least one foreign-born parent.— Some 1.9 million people reported being of South Asian heritage, fully one-quarter of the visible minority population. Chinese was the second-largest group at 1.6 million or 20.5 per cent of visible minorities, while blacks — surpassing the one-million mark for the first time — were third at 1.2 million, a share of about 15.6 per cent. Filipinos and Arabs rounded out the top five.— More than 9.5 million of the 14.1 million households in Canada owned their home in 2016, a rate of 67.8 per cent, down slightly from 69 per cent in 2011. However, rates varied widely depending on age: 70 per cent of homeowners in 2016 were aged 35-54, compared with 20- to 34-year-olds at just 43.6 per cent.— Nearly 1.9 million households — about 13.3 per cent — were living in condominiums in 2016, up 1.1 percentage points from 2011. Of those, about 67 per cent were owners, the rest renters.— Condos are most popular in Vancouver, where they comprised 30.6 per cent of all local households. Calgary was second at 21.8 per cent, followed by Abbotsford-Mission, B.C., at 21.5 per cent, Kelowna at 21.3 per cent and Toronto at 20.9 per cent.— In 2016, 24.1 per cent of households — down from 24.4 per cent in 2006 — were spending 30 per cent or more of their average monthly total income on shelter costs, such as rent or mortgage payments, electricity, heat and property taxes or fees. Of those, the highest proportions were in Toronto (33.4 per cent) and Vancouver (32 per cent).— Vancouver homeowners reported an average dwelling value of $1,005,920, compared to $734,924 in Toronto and $366,974 in Montreal. Across the country, the average value was $443,058, compared to $345,182 in 2011, not accounting for inflation.last_img read more