Fresh training approach taps staff expertise

first_imgMany credit unions feature training departments staffed by generalists who train others on internal processes and other facets of business.Northwest Community Credit Union (NWCU) in Eugene, Ore., however, takes a different approach to technical training.Under the leadership of President/CEO John D. Iglesias, the $1 billion asset credit union develops internal content experts for the role of technical training. The approach deepens the accuracy and credibility of training as these “trainers” actually perform the job every day.“We’ve always maintained that our success as a credit union is due to the people who work here,” Iglesias says. “Now we can proudly state that our success is a reflection of the people who grow here.”NWCU staff have embraced the new approach.“It only makes sense to have people who understand the job train employees. There’s no better teacher than experience,” says Kara Spence, NWCU’s support services specialist. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Strathclyde ups cash balance in case of COVID-19 interruption

first_imgStrathclyde’s cash balance at the end of its 2019 financial year was £58.8m. By way of comparison, the cash balances of Lothian Pension Fund, the second largest local government pension scheme in Scotland, had group cash balances of £39m as at 31 March 2020.Strathclyde’s total investment return for the year to 31 March 2020 was -3.5%, with most of the loss coming from equity portfolios (-6.3%).There were sharp falls in some other portfolios – -20.4% in emerging market debt and -15.5% in multi-asset credit – although the pension fund said its non-equity investments “held up reasonably well”, with UK property returning 2.5%, global real estate 11% and global infrastructure 3.7%.Although Strathclyde’s three and five-year annualised returns “comfortably” exceeded its benchmark, the pension fund highlighted that the three-year figure of 2.7% was less than the actuary’s long-term assumption of 3.5% per annum, and would therefore have a negative impact on the actuarial valuation to be carried out with a strike date of 31 March.New investment structure implementedStrathclyde has been pursuing a strategy of greater diversification over the past several years, and in its annual report said that during 2019/20 it had implemented an investment structure “consistent with” the new strategic target model it had agreed in 2018.Called “Step 2”, the model involves a 20% target allocation to two “enhanced yield” buckets – one short-term and one long-term – plus a 52.5% allocation to equity, a 1.5% hedging/insurance allocation and a 6% credit allocation.The pension fund said funding of a new private real estate debt mandate with ICG Longbow, and of three new segregated private corporate debt mandates with Barings, Alcentra and Partners Group commenced in the year under review, and would show up in the amount invested in the short-term enhanced yield bucket over the next two to three years.Looking for IPE’s latest magazine? Read the digital edition here. Strathclyde Pension Fund, Scotland’s largest local authority pension fund, topped up its cash balances to prepare for any COVID-19-linked interruption in income from employers, according to its unaudited annual report.The report indicates the top-up, which was a transfer from its investment balances, was for £100m (€84m).The £20.9bn pension fund said the transfer was “to ensure ample cover for pensions payments in the event that income from employers is interrupted as a result of coronavirus precautions in the new financial year”.It said it contributed to an “unusually high” cash balance of £195m as at 31 March 2020, the end of its financial year, alongside a contributions payment in respect of backdated equal pay settlements and a bulk transfer payment.last_img read more

Decatur County REMC recognizes grant recipients

first_imgBread of Life accepting grant from REMCGreensburg, IN—Decatur County REMC (DCREMC) recognized twelve local organizations Wednesday morning upon receiving Operation Roundup grant funds from the DCREMC Community Trust. DCREMC CEO, Brett Abplanalp, thanked each organization for their contributions and efforts throughout the community. “DCREMC is proud to support our communities. One of our cooperative principles is Concern for the Community, and our members demonstrate their commitment to giving back and making an impact through this program,” said Abplanalp.Each organization shared information about their purpose and the project or program in which the Operation Roundup funds will support. Organizations receiving funding this cycle include Delaware Community Volunteer Fire Department, Marion Township Volunteer Fire Department, Decatur County Fireman’s Association, New Directions of Decatur County, FLASH (Free Lunch All Summer, Hooray!), Greensburg Bread of Life, Greensburg High School, Decatur County Parks and Recreation Department, Decatur County 4 Kids, Inc. – Prevent Child Abuse, Girls Inc., Speranza House and Adams Township Volunteer Fire Department.Operation Roundup is a member-funded trust established to support local charitable organizations serving DCREMC members and communities.Delaware Community Volunteer Fire accepting grant from REMCWhen DCREMC members round up their bill to the next whole dollar each month, they are making a direct impact in their community. With DCREMC’s Operation Roundup, a little change can do a lot. Since the program was established in 1999, DCREMC has awarded 260 grants totaling over $489,000. Operation Roundup information and grant applications can be found on the DCREMC website. Non-profit organizations can apply for the next grant cycle by July 31.last_img read more

Steelers lose 54-year-old tradition with NFL training camps staying home

first_imgThe NFL, to help contain the spread of COVID-19, has ordered all 32 teams to conduct their 2020 training camps in their own local team facilities.But that doesn’t mean every team will feel “at home” while not going away. For the Steelers, the league mandate brings an abrupt end to a tradition that began in 1966. Given the ardent nature of Steelers fans, the short trip from Pittsburgh was also a key revenue driver for the businesses in Latrobe in July and August. But in a year when NFL camps are bound to have no sweaty faithful in attendance, the experience wasn’t set up to be the same, anyway.Although most teams hold camps in their team facilities now, other teams impacted by a full home camp are the Raiders (Napa, Calif., since 1996) and Cowboys (Oxnard, Calif., since 2004). Las Vegas will conduct camp in its new Henderson, Nev., headquarters, while Dallas won’t travel from The Star in Frisco, Texas.Should the fight against the novel coronavirus take more positive turns, one can presume the Steelers will resume camping in Latrobe in 2021. For one year, however, they will need to adjust to breaking a long-standing routine. Latrobe, Pa., has been known for two things as a small town of less than 10,000 people about an hour east of Pittsburgh. The first is being the birthplace of Rolling Rock Beer. The second is hosting the Steelers annually for their preseason preparations for more than five decades.NFL FREE AGENCY: Best players available at each positionThis year, the Steelers won’t be training at Saint Vincent College on the field named for Chuck Noll, their late Super Bowl-winning coach.While the Steelers have a terrific modern facility called the University of Pittsburgh Medical Center Sportsplex in the South Side neighborhood in their own backyard, Latrobe has been the NFL’s best, most picturesque out-of-town camp around for a long time, seeing most of the franchise’s greatest players pass through over 54 years. The community in the Laurel Highlands has provided a beautiful hilly backdrop for the intensity and heat of camp.last_img read more