Regulators skeptical of BT borrowing more money

first_imgBurlington Telecom officials were greeted with much skepticism by regulators in their request yesterday to borrow more money from the City of Burlington’s cash pool in an effort to make an interest payment on existing debt. The $386,673 interest payment to CitiCapital Municipal Finance is due Wednesday. The Vermont Public Service Board and staff did not make a final decision, but their line of questioning cast much doubt on the wisdom on borrowing more money to cover debt that the city-owned telecom company already cannot cover.Burlington Telecom, which offers telephone, television and Internet services and has 4,600 subscribers, already owes the city $16.95 million. It is also in violation of its charter for not repaying the loan to the city within 60 days.last_img

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Onsite: CUES Symposium 2015 Recap

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Details I had the opportunity to spend the week at CUES Symposium 2015 in San Juan, Puerto Rico. I know, tough assignment for the first week of February. Some how we all manage through the 85 degrees heat and ocean breezes.CUES Symposium brought together some 220+ credit union CEOs and board chairs. This conference is different in that for the CEO to attend the must bring their board chair. Sessions and activities focus on building and improving on this key relationship and developing the roles of each in their credit union.Monday started with a welcome from CUES President/CEO, Chuck Fagan. You could see the discomfort of many CEOs and board chairs when Chuck presented the statistic that 50% of the workforce will be millennials by the year 2020. I may have even heard a “Kids these days” at my table. Chuck focused on the changing workplace and the need to modernize education in our credit unions. You can read more about how CUES is helping with this in Chuck’s latest Community article, “2020 Learning: Wherever, whenever and on the device you prefer.”Jay Baer, marketing strategist and best selling author held a rousing general session on Youtility. Jay spoke about Facebook and social media and how every single member and nonmember’s Facebook feed is a combination of personal and commercial relationships. The focus of Jay’s presentation was to get the credit unions to stop trying to be amazing and start being useful. Doing this is what he calls “Youtility,” marketing so useful that people would pay for it. Jay gave examples of companies doing it right, Hilton Hotels, Clorox and even mentioned a couple credit unions (Elevations Credit Union and Idaho Central Credit Union).The following three days had the attendees of CUES Symposium divided into three groups based on asset size of their credit union. The groups rotated by day through sessions presented by:Richard Powers a senior lecturer from the Rotman School of Management and the CUES Governance Leadership Institute. Mr. Powers facilitated the session entitled “The Tone at the Top: Strong Ethics Make Strong Credit Unions.”Sarah Robinson a business strategist, speaker and the author of Fierce Loyalty. Ms. Robinson led her session “Fierce Loyalty: Unlocking the DNA of Wildly Successful Brand Communities.”Doug Nielsen, CSP, MSW, LCSW, an author, performance interventionist, coach and psychotherapist. Mr. Nielsen’s session was titled “The Core Connected Leader: Unleashing Your Inner Power.”All three sessions were interactive and involved many discussions between the CEOs and board chairs in attendance. There may have even been an guitar and singing that happened in one group.CUES Symposium 2016 will take place next year at the Grand Wailea Resort Hotel and Spa in Maui, Hawaii (my personal favorite place on earth). So mark January 31 – February 4, 2016 off your calendar, grab your board chair and plan on being in Maui.last_img read more

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Longtime credit union employee pleads guilty to embezzlement

first_imgA 62-year-old Missouri woman, who worked for nearly three decades at the $30.1 million Shelter Insurance Federal Credit Union, pleaded guilty Thursday to embezzling more than $230,000 in U.S. District Court.Debra L. Wenger of Columbia, Mo., worked as a teller and administrative assistant, and assumed all of the accounting responsibilities at the credit union, according to Missouri federal prosecutors.In February 2016, an external auditor detected the misappropriation of funds after finding a discrepancy when comparing the general ledger teller cash to the cash-balancing sheet.When Wenger was questioned by Columbia Police Department investigators, she admitted to taking the cash from her teller drawer and depositing the funds into her personal account, according to federal prosecutors. continue reading » 21SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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3 ways to settle student debt

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr First Tech Federal Credit Union ($12.1B, Mountain View, CA) is $45 million into addressing the nation’s trillion-dollar student debt issue the Silicon Valley credit union says is hitting hard among its membership and SEGs.The cooperative is three years into a deliberative process of discovery and creation that took it out of lending to students for school and put it into refinancing their existing debt.First Tech offers three different loan products that are tailored to members at different life stages and repayment capabilities. The loans have been available for approximately 18 months — the credit union soft launched them in April 2017 — and already account for approximately 700 of the 1,600 student loans currently on First Tech’s books. continue reading »last_img read more

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Quintain rouses City with 17% NAV growth

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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No more mister niche guy

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

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Cricket News Virat Kohli’s ‘short run’ proves costly for India in Vizag ODI tie against West Indies

first_imgRead More | Rishi Kapoor and Ranbir Kapoor have ‘star struck’ moment with De NiroLooking at the result, had Kohli completed the run, the result in Vizag would have been a win to India and a comfortable 2-0 lead in the series. However, the short run will make Kohli unhappy and one would be hoping that such a result is not repeated. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Virat Kohli owned the Vizag ODI by breaking records effortlessly. Not only did the Indian cricket team skipper score his second consecutive century, he became the fastest to 10,000 ODI runs beating the previous mark set by Sachin Tendulkar. Following his century in Guwahati, Kohli continued his phenomenal run-making prowess in Vizag and took the West Indies bowlers to the cleaners.Kohli’s unbeaten 157, his fourth 150+ score, helped India reach 321/6. However, a determined effort from Shai Hope (123*) and Shimron Hetmyer (94) helped West Indies tie the game. In hindsight, the key factor in Kohli’s knock not giving India the win was Kohli’s basic mistake while batting.Read More | Naagin-3: The showstopper on BARC TRP ratingIn the 11th over of the Indian innings bowled by off-spinner Ashley Nurse, Kohli worked a ball towards widish long on and set off for a couple. However, when he completed the run, he realised to his horror that he had committed a mistake. The second run was deemed short and thus it was deducted and the Indian skipper realised his mistake and admonished himself.Replays showed that when he turned to take the second run, the bat did not cross the line at the non-striker’s end. At that time, Kohli would not have known that such a mistake would prove to be costly.last_img read more

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Gianluigi Buffon set his sights on another milestone

first_imgThe most expensive goalkeeper in the world of football has gone on to remark on his next target at Juventus, while assuring fans that he will put pen to paper.The former Parma shot stopper moved to the Turin giants back in 2001, and it has been a decade long service for the maestro, who has maintained his positioning as one of the best goalkeepers in the world. His contributions to the cause of the Bianconeri can never be questioned; when everyone was thinking of leaving the club following their demotion to the Serie B Calciopoli scandal, the Italian stuck around to keep the goal in the upcoming season.His presence, along with a few others, including the likes of Alessandro Del Piero and Pavel Nedved was instrumental in guiding them straight back into the first division of the Italian football, the Serie A. He has been indispensible at Juventus, and has helped the club out in securing trophies throughout his career, whether it was his natural instinctual saves or salvaging victory for the Bianconeri in the penalty shootouts.He has won every possible trophy there is to win for club and country, all expect one. He has won the Scudetto on a number of occasions, as well as the Coppa Italia. Even at national level, Buffon was the goalkeeper that led the Italians to victory in the finals of the World Cup in 2006 against France. However, if there has been one trophy that has not been within the grasp of the Italian, it has been the UEFA Champions League.Always the participant and never the winner, Buffon came agonisingly close to lifting the trophy back in the 2003 edition of the European tournament, in what was an all Italian affair which saw Milan competing against Juve for the trophy.Gigi Buffon went on to aspire: “The Champions League is something that I want before I retire. It would be a shame to end my career having just missed out on it.”Buffon was unable to salvage the match against Milan in 2003, as Andriy Shevchenko got the better of him in penalty shootout of the Champions League final.last_img read more

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Devon’s Anna Tyson is South West Steward of the Year

first_img6 Nov 2012 Devon’s Anna Tyson is South West Steward of the Year Anna Tyson of Dainton Park Golf Club, near Newton Abbot in Devon, has been named the Fuller’s London Pride Steward of the Year for England Golf’s South West region. The competition, now in its sixth year, is run jointly by Fuller’s and England Golf and aims to identify the golf club steward who provides the most welcoming and enjoyable experience at the 19th hole. Anna joined Dainton Park when it started 20 years ago and her welcome has helped it grow to a club with more than 600 members. She knows all the members by name – and drink – and the job is clearly a way of life to her. She even met her husband when he worked in the pro shop! Anna’s family background is in the restaurant business and she been involved in the catering and bar industry from an early age. She’s built up a fantastic reputation for service at Dainton Park and has opened the clubhouse and restaurant area to visitors as well as members, managing a host of private functions such as weddings, birthdays and christenings. One of this year’s highlights was the captain’s charity day, when the club owner who took on Anna 20 years ago, took his turn to captain the club. The event was themed on the Olympics and Anna organised a Bucks fizz breakfast reception for a family-style sports day, with both her children joining in the fun. Anna, and the other three regional winners, were presented with their awards by England Golf chairman Nigel Evans and Mark Roberts, Fuller’s trade marketing manager. This was the first time that all four regional winners had been women. The other three were: Midlands region and overall winner Yvonne James of Rugby Golf Club, Warwickshire; North region winner Dawn Stacey of Wath Golf Club, Rotherham, Yorkshire; South East region winner Samantha Hudson of Swaffham Golf Club, Norfolk. The 2012 Fuller’s London Pride Steward of the Year competition attracted hundreds of nominations from club members, visitors and golf club managers.  These were read and reviewed by representatives of  England Golf and Fuller’s, with the help of 2011 Steward of the Year, Scott Parker from Buckingham Golf Club, and were whittled down to a shortlist of 12 stewards: three from each region. The shortlisted stewards were all visited personally by England Golf and Fuller’s representatives who experienced firsthand the exceptional service they provide. The regional winners were selected after the candidates were judged on their level of commitment, innovation and standard of service and presentation, together with that extra special something which sets them apart. Caption: Fuller’s London Pride South West Steward of the Year, Anna Tyson of Dainton Park Golf Club, Devon, receives her award from (left) Mark Roberts, Fuller’s trade marketing manager and Nigel Evans, chairman of England Golf. Credit: © Professional Imageslast_img read more

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Two Luxury Cars Stolen In One Night

first_imgThe last time a car was stolen in Rumson was on Sept. 22, from a home on Holly Tree Lane. The 2014 BMW X5 was recovered in damaged condition in New York City on Oct. 27, following an investigation by state police called Operation 17 Corridor.In 2011, three luxury cars were stolen from Rumson homes in July and August.When Rumson Police receive a car theft report, they enter it into a national crime database and notify the NJ State Police Auto Theft Task Force. Sometimes they take the extra step of contacting the Newark Police Dept. directly, Isherwood said.“There are auto theft rings based out of Newark Essex County area,” said Isher wood. “The cars can be stolen and resold on the black market,” he said. In some cases, the cars are loaded onto container ships and sent abroad, he said. RUMSON – Police are investigating reports of two vehicles stolen on the night of Wednesday, July 20.The unlocked cars were stolen out of the driveways of homes on Avenue of Two Rivers and Robin Road sometime between 9 p.m. and 5:45 a.m., according to Det. Sgt. Christopher Isherwood. The cars were identified as a 2016 Range Rover and a 2015 BMW X3. There were also reports by residents that their cars were rummaged through that night.“The common thread with these crimes is that the vehicles were not locked. It is imperative that residents keep vehicles locked and keep valuables somewhere secure,” said Isherwood.Oftentimes electronic key fobs are present in or near the vehicles, making it easy for thieves.“With this push button start in cars, it not like the old days like when you had to carry a key around. Sometimes people leave them in the car, or even on the kitchen counter,” said Isherwood. He explained that if the car is parked near the vicinity of the kitchen, for example, it could be possible to enter and easily start the car.last_img read more

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