Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) JAMESTOWN – A Jamestown man is charged following a shooting early this morning on East Seventh Street at Lincoln Street, according to the Jamestown Police Department.Police say that the passenger of a red sedan fired several shots towards a home that was occupied by several adults and young children. Police say they were able to locate the vehicle at an address on Columbia Avenue.Police add that the suspect, Stephon L. Thomas, 20, was inside the Columbia Avenue residence. Thomas was arrested and the occupants were able to exit the residence safely.An executed search warrant resulted in the seizure of a loaded 9mm handgun. Thomas is charged with second-degree criminal possession of a weapon and first-degree reckless endangerment. Thomas is currently in Jamestown City Jail awaiting arraignment. Police say more charges are expected as the investigation continues.Police say no one was hurt in this incident and this incident is believed to a targeted crime and not a random act of violence.Investigators believe that this shooting is linked to a shooting incident from Sept.30, where multiple shots were fired in the area of 52 Bowen St. That investigation is also continuing and police say charges are pending in that case. Anyone who may have additional info on either shooting is asked to contact the Jamestown Police at 483-7537 or via the Anonymous Tips line at 483-Tips (8477). All Calls will be kept confidential.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A credit union executive from Valley Stream has been accused of embezzling $6 million from the financial institution and spending about half of that money on lottery tickets, federal prosecutors said.Kam Wong, the president and CEO of Municipal Credit Union (MCU), was charged Tuesday at Manhattan federal court with bank fraud, wire fraud, embezzlement from a federally insured credit union, and identity theft.“The CEO and president of New York’s oldest credit union abused his position of trust … to enrich himself,” said Geoffrey Berman, the U.S. Attorney for the Southern District of New York. “Wong allegedly stole money from the credit union’s earnings that were intended to reward the credit union’s members, not line Wong’s pockets.”Prosecutors said the 62-year-old banker submitted hundreds of thousands of “sham invoices” for dental work never performed on him or paid by him and used the reimbursements and other questionable payments to embezzle the funds since 2013.He deposited the money into an account, withdrew funds and spent at least $3.5 million on lottery tickets, according to investigators. When he learned of the investigation, he allegedly misled federal agents to justify the payments, authorities said. MCU’s board placed him on leave in February following an internal investigation.The nonprofit MCU has 425,000 members, including municipal, state, and federal workers, with its earnings intended to be directed back to its members in the form of more favorable rates and lower fees, authorities noted.Wong faces up to 30 years in prison, if convicted of the most serious charges before Judge James Cott.
There are a number of constituency groups within a credit union, the people of which have (or should have) an interest in their respective credit union’s financial health. These constituency groups include regulators, managers, employees, committees and members. Making sure these people understand the importance of being aware of a credit union’s financial standing and then keeping them informed can be daunting for CEOs. The challenge becomes particularly acute when it comes to people who serve on a voluntary basis on a variety of credit union committees. And yet, these volunteers often are the people regulators expect to assume the highest levels of responsibility for a credit union’s viability and compliance. Credit union committees most likely to be manned wholly or partially by volunteers include boards of directors, supervisory committees and asset/liability management committees (ALCO). These committees are critical to a credit union’s existence. Yet, for volunteers, their credit union responsibilities are often secondary to their respective professions. The most competent volunteers usually have a limited amount of time to devote to their credit union’s affairs. The purpose of this article is to focus on some critical credit union committees and the volunteers who make up these committees. We’ll briefly delve into why volunteers should constantly be aware of their credit union’s financial standing. Then we’ll explore how managers can help volunteers meet their mandated financial responsibilities with a minimum of time.The Board of Directors May be Comprised of Volunteers but Responsibilities Are Still HighNCUA has made it clear that individuals serving on boards of directors are to be held to high standards and expectations as described in regulations (CODE OF FEDERAL REGULATIONS; Title 12 – BANKS AND BANKING; PART 701- ORGANIZATION AND OPERATIONS OF FEDERAL CREDIT UNIONS; §701.4 General authorities and duties of Federal credit union directors).The board of directors is responsible for the general direction and control of affairs of their Federal credit union. The ultimate responsibility of each Federal credit union’s board of directors for that Federal credit union’s direction and control is non-delegable. Board members are expected to:Carry out their duties in good faith and in the best interests of the membership as a wholeAdminister affairs fairly and impartiallyWithin six months of election, have a working knowledge of credit union finances and accounting practicesDirect management’s operation in conformity with regulationsAmong the key competencies board members are expected to master are basic financial literacy and financial analysis.Boards are expected to make sure the credit union maintains its sound financial condition and boards should continually assess the credit union’s financial performance.Volunteers Often Serve on ALCOs A credit union’s Asset/Liability Management Committee (ALCO) is probably the most important operating task force that serves in a credit union. A credit union’s ALCO is responsible for the coordinated oversight of its balance sheet. Regulators expect a credit union’s ALCO to assume responsibility for recommending to the board of directors the amount of risk to which the credit union should be exposed. ALCO membership should include representation from each major department within a credit union including the board of directors and the supervisory committee. ALCOs should be tracking key financial data within a credit union to assure the ALCO is performing according to regulations and making effective recommendations to management and the board of directors.For Volunteers, Quality Data over Quantity is ImperativeEvery person in a credit union who serves in a leadership positon needs to be provided a number of reports to keep them aware of the performance of that credit union. Because a credit union’s financial standing can shift quickly, it is best to provide reports monthly. Volunteers often serve on boards and other required committees within credit unions. These volunteers usually have limited time to devote to their credit union duties. It imperative they have critical financial data in a capsulated format that they and other leaders can scan quickly and determine if there are areas that need to be “drilled down on”. The best method to provide important financial data in a capsulated format is to utilize key financial indicators reports. Key financial indicators that reflect the most significant areas leaders need to focus on need not make up a lengthy list. An effective key financial indicator report can usually be fitted on one page and can be quickly scanned by a trained observer. Based on years of research and experience, this author makes the following recommendations regarding key financial indicators reports:A committee, or an experienced consulting firm, be commissioned to create the list of key financial indicatorsKey financial indicators be tracked for three to five yearsLong-term goals for each indicator be reflected on the reportColor coding be used in the report that highlights indicators according to the level they are within or outside parameters (i.e. green, yellow, red, etc.) A stochastic, statistically-validated method be used to determine indicators that should be reflected on the report to assure the indicators represent data that are significant to the meeting of long-term objectivesThe list of key financial indicators be limited to no more than a dozen and a halfIn Summary:Credit unions are dependent on volunteers to serve in key positions. Typically, turnover is high among competent volunteers because of their time constraints. Keeping experienced volunteers in their respective positions is as important as keeping experienced employees. Respecting the limited time volunteers have to devote to credit union affairs helps to assure they will stay in their positions longer. Providing key data in a capsulated format will help to keep volunteers informed and effective with a minimal amount of their time. 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dennis Child Dennis Child is a 40 year veteran credit union CEO recently retired. He has been associated with TCT for 25 years. Today, Dennis enjoys providing solutions and training for credit … Web: tctconsult.com Details
Small credit union executives wear a lot of hats. It keeps work interesting, but it can also involve being pulled in a lot of different directions. Small credit union CEOs need to be strong generalists; having working knowledge of regulation and compliance, lending, investment management, human resources, customer service, marketing, policy and more. In all of this mix, sometimes it is difficult to think about growth and long term success strategies. Here a few strategies for building a strong institution ready for growth.1.Partner: You can’t do it alone. Work closely with other institutions in the community on outreach, programming and financial education. Most credit unions offer some level of financial education to our members, but it is important to remember that many organizations really are thinking actively about the financial well-being of their communities. Your local political officials, non-profits, and religious institutions are thinking in some way about the financial health of the people they serve. Sometimes a conversation can spark some big ideas, and a strong partner can increase your impact. Don’t forget about outsourcing some tasks either. Yes, you could do the monthly member newsletter in addition to the underwriting loans. However, there are many skilled and talented consultants who can enhance your capacity without the need to hire a full time employee. To excel, your credit union sometimes needs to stop doing everything in house.2.Plan like you are big: It is ok to have big plans and goals as a small credit union. Growth starts somewhere. Clearly, there are capital and balance sheet constraints to growth. Not every growth plan can be completed and executed in a year, but plan for the big things. Start building bigger projects into your plans and you may be surprised how and where the resources appear to execute them, especially when they are top of mind. Put things in your budget, and figure out where and how to increase income to grow the revenue to execute the project. Don’t stay status quo.3.Participate: Leave time in your schedule to attend trainings, conferences and networking events more than once or twice a year. Learning enhances expertise and can improve operations. However, the value of getting to a conference and having a drink or dinner with industry peers or community partners cannot be overstated. It is easy to make excuses not to do these things in a pile of operational busyness, but these meetings are the key conversations that spark strategic thinking. Sometimes the informal sources of information are the most critical, leading to ideas, competitive knowledge and resources that are not otherwise accessible. Make sure you are getting out of your branch – as a small credit union leader, you are not just an office manager! You are the external face of your organization.And last but not least, don’t forget succession planning! One of the downfalls of small credit unions is the transition of a long term CEO. Some executives at small organizations almost entirely carry the weight of the organization. A lot of institutional knowledge and strategy is lost when a CEO with a long tenure leaves a small credit union. Be prepared for it – CEOs will want to leave or retire some day. If the goal is the longevity of the credit union, prepare for it far in advance. Give your credit union time to train a key employee into the role or comfortably prepare for a longer search. Running a small credit union is a unique role, and finding the right fit will take time. Small credit unions are vital financial institutions, and their success is important to their communities. It is possible to do well as a small institution, but it takes some thoughtful thinking! 98SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Sarah Marshall Sarah Marshall is a consultant in the credit union industry, and can be reached for partnership and speaking opportunities through Your Credit Union Partner. Her background in community development includes … Web: https://yourcupartner.org Details
31SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Myriam DiGiovanni After writing for Credit Union Times and The Financial Brand, Myriam DiGiovanni covers financial literacy for FinancialFeed. She is also a storytelling expert and works with credit unions to help … Web: www.financialfeed.com Details There’s so much to celebrate during the holiday season. In addition to the time with friends and family, the holidays can also deliver surprise gifts of green, as in cash and bonuses.If you are fortunate enough to receive a holiday bonus, take a moment to enjoy planning how to spend your windfall. But this year, instead of just buying stuff, use your bonus as an opportunity to rethink how you spend. Focus on what you value most, and then use your goals and dreams as a spending guide.Here’s three ways to do that.Invest in yourself: Throughout the year, we tend to put others’ needs before our own. An unexpected windfall could be your chance to finally get that online certification or attend a leadership workshop you’ve had your eye on. Perhaps you wanted to take a cooking class or kickboxing lessons. Or, maybe time is what you need most – so, use your bonus to pay someone else to clean your house. Whatever it is, an investment in yourself will always pay off in the short and long-term.Plan ahead: Use the extra money to finally start that emergency fund, vacation fund and/or holiday fund you’ve resolved to open every year, but never have. Maybe the extra money can go even further by using it to fund your HSA (hello, tax benefits!) or boost your retirement savings. No matter what, getting a jumpstart on New Year’s goals will set the tone for a successful and empowered 2019.Pay your debts: Okay, making a big payment on a credit card isn’t what normally comes to mind when thinking “fun,” but never underestimate the joy that can be derived from alleviating financial stress. And, paying down debt will result in a higher credit score, which will get you a better loan rate if you’re planning to buy a new car or home this summer – shopping for a nicer car or home is definitely fun! And remember, it doesn’t have to be eitherpay your debts orinvest in yourself. You can split your bonus and do both. When it comes to paying down debt, every little bit helps.
We spend a lot of time helping credit unions acquire new assets, including new businesses. In addition, we help them protect and enhance the assets they have. A way that CUs can protect and enhance their current assets is to examine their intellectual property portfolios—in particular, their trademarks. The value and relevancy of your brands is critical, and the right time to think about it is now. A trademark audit is an important part of an analysis.Such an audit has several key components.First, we recommend doing a review of whether important brands, such as your name or marks identifying your key products or service offerings or newly acquired brands such as the name of a recently acquired credit union or bank. All of these can be protected through registration. Many institutions believe that long-time use shields them from infringement, however, this may not be the case. Common law rights are limited to the geographic area in which you have market penetration. Federal trademark registration, on the other hand, confers significant benefits: This is placeholder text continue reading » This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Morrison said there were an estimated 24,000 stranded Australians wanting to return home which the government has pledged to facilitate before Christmas.”With the success we have had as a country in recent months, we can start opening up again and we can start helping Australians getting home again,” Morrison told a press briefing.Australia is also looking to ease quarantine restrictions for returned travellers from New Zealand which has effectively stamped out the virus, and who account for 15% of returns, to free up hotels for other travellers, Morrison said.Australia closed its international borders early in the pandemic, and imposed strict lockdowns and social distancing measures, dramatically reducing the spread of the virus. It currently has a mandatory 14-day hotel quarantine for all international arrivals. Australia said on Friday it would increase the number of citizens allowed to return home each week to 6,000 as it manages to get new COVID-19 infections under control.Prime Minister Scott Morrison said the cap on the number of people allowed into Australia each week would increase by 2,000 by mid October after a National Cabinet meeting where states agreed to boost quarantine capacity.The country’s weekly limit is currently set at 4,000 people. Australia has reported more than 26,800 coronavirus cases and 829 deaths, well below the infection and death rates of other developed countries.The bulk of its infections have been in the hotspot state of Victoria, were new infections have been falling for weeks.Victoria logged 45 fresh cases overnight and five deaths, the highest number of new cases in more than a week, following 28 new cases on Thursday which was the lowest in three months.Its rolling two-week average of new infections has been falling, raising hopes lockdown measures confining residents to their homes may be eased before the Oct. 26 deadline.Average cases over the last two weeks in Melbourne, the state’s largest city, fell below 50 this week, the benchmark the state set to start easing curbs.Australia’s six states and two territories have either closed domestic borders or severely limited entry.Queensland state said that it would open up its border to residents of the national capital Canberra, which has had no new infections in 10 weeks.The island state of Tasmania will begin accepting some workers from virus-free states from next week and will look at opening boarders more widely from Dec. 1, its premier said. Topics :
LONDON: Former Manchester United defender Gary Neville has hit back at Argentina footballer Angel Di Maria after his wife made some nasty comments for her husband’s brief stint in England.Jorgelina Cardoso had earlier told Spanish TV that she begged Di Maria not to go to England before his move to Old Trafford in 2014. She had branded the food as disgusting and people as wierd in her latest interview. Neville took note of this comments from Di Maria’s wife and hit back at the winger for his unsuccessful spell at the club. “I don’t know what she means,” Neville told Sky Sports as per Daily Mail. “We hear these stories from time to time, where a player’s played like a drain, like Di Maria did at Manchester United, he was awful. “And I had great expectations and sort of excitement when he came to the club thinking we’d signed a top player. But he was never interested from day one. “And what I would say is, maybe what he needs to do is look across the road at Sergio Aguero, his Argentinian compatriot, or Pablo Zabaleta, who’ve done alright in Manchester over the years and don’t seem to be in a rush to leave.” After just one year in Manchester, Di Maria forced a move to French giants Paris St. Germain in 2015. He has scored 80 goals in 217 games for PSG so far and has won the Ligue 1 title four times. IANS Also Read: Pandanda Kuttappa, founder of Kodava hockey festival, passes away Also watch: Himanta BIswa Sarma visited the Sarusojai stadium as the new headquarters for fight against COVID19
Freshman Kirby Toon looks to help the Badgers bounce back on the road against Minnesota tonight.[/media-credit]After dropping its first Big Ten game to Iowa on Wednesday, the Wisconsin volleyball team travels to Minnesota to take on the No. 9 Gophers tonight at the UM Sports Pavilion.The Badgers had a strong offensive game against the Hawkeyes Wednesday night but were unable to give the home crowd a win in their first conference home game. However, the team did have some bright spots in the game despite the four-set loss.With senior outside hitter Brittney Dolgner sidelined for most of the game while she recovered from the flu, junior Allison Wack picked up the slack, tallying a match-high 17 kills with a team-high .333 hitting percentage. Freshmen Kirby Toon and Alexis Mitchell also had strong games, contributing 13 and seven kills, respectively.While many of the freshmen have been contributing to the team this season, none have performed quite like Toon, who now is second on the team to Dolgner with 93 kills.“She came in off an injury last year — I am totally impressed with her this season,” senior captain Caity DuPont said before playing Iowa. “We just didn’t know how ready she was going to be, and she’s just doing awesome.”Also making an impact for the Badgers is junior setter Jessa Benson. The Iowa State transfer filled in for starter Janelle Gabrielsen in order to give head coach Pete Waite’s team a different look for the Iowa defense. Despite the loss, Waite was pleased with Benson’s effort.“We were a little inconsistent into the third, so we made some changes,” Waite said. “We went with Jessa Benson for a little while. She did a nice job coming off the bench and got us going a little bit.”When the Badgers take on Minnesota tonight, they’ll be facing their first ranked team of the year and will have to face some of the toughest outside hitters in the Big Ten. Juniors Lauren Gibbemeyer and Brook Dieter lead the Gophers in kills and kills per set, respectively.However, while the Badgers may be facing a tough task in defending the two hitters, they did succeed in containing Iowa’s own hitting duo. The Hawkeyes’ Megan Schipper and Becky Walters had 23 combined kills, but the Wisconsin defense was able to hold Schipper to a mere .147 hitting percentage, a good sign for the Badgers if they hope to challenge Gibbemeyer and Dieter.“Really, a .147 hitting percentage, that’s pretty low, so I think we did contain her pretty well,” Waite said. “I think she just got stronger as the match went on and got more of her kills later on.”While the Badgers have claimed to have a tough non-conference schedule, beginning the season with a 5-4 record, the Gophers may have played an even tougher schedule, facing five ranked teams out of the 12 teams they played in their non-conference schedule. Minnesota beat No. 22 Kansas State in its opener and also beat No. 13 Iowa State on Sept. 5.Making things even more difficult for the Badgers will be the fact that the Gophers have not yet lost on their home court. On the road this season, the Badgers are 4-2, but two of those wins came against lowly opponents UW-Green Bay and Seattle. Nevertheless, Toon and the Badgers hope to move on from their mistakes against Iowa and challenge the Gophers on their home court.“I think, you know, we’ve been trying to go into every game with a new mentality,” Toon said. “[We’re] trying to forget either our last win or our last loss and play the best we can.”
Senior safety Jay Valai hurdles a Sun Devils player to block a game-tying extra point, giving UW a 20-19 win over Arizona State.[/media-credit]For months, UW head coach Bret Bielema has tried to instill a message to his football team – finish each and every play.At the conclusion of each half in Saturday’s game against Arizona State, the 11th-ranked Badgers proved they were listening as they escaped with a 20-19 victory.During a kick return with just 10 seconds left in the first half, safety Shelton Johnson tracked down ASU wide receiver Kyle Middlebrooks at the one yard line to save a touchdown. Middlebrooks was slowed by Dezmen Southward, the only other Badger with a chance to take him down. Later, senior safety Jay Valai blocked an extra point that allowed UW to hold onto a one point lead with just over four minutes remaining in the game“I have harped on these kids that every play matters since last January and there is no better example of that today with the play of Shelton Johnson and Dezmen Southward right before the half,” Bielema said. “To never give up on that play and to get him down speaks volumes.”After a nine play, 77-yard drive, Arizona State running back Cameron Marshall scored on a two-yard touchdown run to cut the score to 20-19 with 4:09 left in the fourth quarter, and Valai proved extra points are far from a sure thing as he blocked Thomas Weber’s PAT.“Jay took advantage of the opportunity he got and to get his hand on the ball was awesome,” Bielema said. “That doesn’t just happen, that’s from 365 days of mental and physical conditioning that our guys pride themselves on.”With 4:03 remaining in the fourth quarter following Valai’s block, the UW offense took the field with a chance to run out the clock and the Badgers did just that.After a four yard run from Isaac Anderson, the Badgers were staring at a third and five but a personal foul was called on ASU defensive end James Brooks for a late hit on Lance Kendricks. As a result, UW picked up 15 yards and a momentum changing first down.“I was blocking and somebody just hit me in the back,” Kendricks said. “I fell, looked at the ref and he threw the flag right away.”Later in the drive, UW was presented with a third and two when Scott Tolzien found Kendricks-who had a game-high seven receptions for 131 yards-wide-open on a play-action pass for 17 yards. After a 10-yard, first down run two plays later from John Clay, ASU exhausted their timeouts and the Badgers salted away their third victory of the season.“We knew if we could block that kick and stay up 20-19 that John Clay and the offense was going to run that clock all the way down,” junior defensive end J.J. Watt said. “That’s exactly what happened and that’s the kind of stuff that wins football games.”The Badgers responded to a game-tying ASU field goal on the first possession of the second half with a 19-yard touchdown run from Clay late in the third quarter, but UW was fortunate to have a halftime lead.Johnson’s desperation tackle on Middlebrooks at the one-yard line while time expired in the second quarter allowed UW to keep a slim 13-10 advantage at the half.Down 10-6 in the second quarter and with just 15 seconds remaining in the half, the Badgers scored their first touchdown of the day as senior quarterback Scott Tolzien found Kendricks one-on-one in the corner of the end zone to give the Badgers a 13-10 lead.“I saw Scott put a little velocity on it and he threw it behind so I set [the defender] up and tried to get him turned around and just caught the ball,” Kendricks said.Kendricks’ 14-yard touchdown reception was the result of a well-executed two-minute drill that exhibited effective clock-management. UW managed to leave just 10 seconds on the clock after an 11-play 71-yard scoring drive.“Before the end of the half we handled that as coaches and players as good as we could have handled that situation. It was well executed,” Bielema said. “That was obviously a huge turning point in the game.”Phillip Welch opened the scoring in the contest with a 49-yard field goal at the end of the first quarter but ASU cornerback Omar Bolden scored the first touchdown of the game on a 97-yard kickoff return 12 seconds later.UW’s third victory of the season was a win that came down to a handful of plays and the Badgers found a way to make them.Bielema knows there is plenty of work to be done as conference play nears, but the mental toughness displayed by his team in Saturday’s win is a positive sign moving forward.“We did enough good things to win this football game, but we have to correct and move past anything that can prevent us from winning in the future,” Bielema said. “I really just like the resolve of these guys and the way they handle their business.”