KidSafe Collaborative of Chittenden County is pleased to announce the election of its new Board Officers.President, Penrose Jackson, Community Health Improvement at Fletcher Allen Health Care;Vice President, Jay Fayette, Pizzagalli Construction Company;Treasurer, Kurt Liebegott, Problem Knowledge Coupler (PKC);Secretary, Suzanne Koch, Howard Center.KidSafe Collaborative engages agencies, community groups and individuals to work together to improve our community’s response to child abuse and neglect. For more information about KidSafe and its programs, please contact us at 863-9626.
Great news. Mortgage rates are rising. Why is this great news, you may ask? Because rising rates are making home equity lending a prime target for homeowners in search of additional liquidity. A surge of home equity lending can bring big opportunities for credit unions. Rising rates aren’t the only factor contributing to this surge. According to National Mortgage News, about $150 billion in home equity lines of credit are due to reset in the next 48 months, likely raising rates and monthly payments.Home equity lending can lead to big revenue and member retention opportunities for smart and prepared credit unions. So get ready. Equity lending is making a return.Why equity lending? The math is simple. If you don’t offer equity lending, your members who want equity loans will be forced to go elsewhere. Right there, you’re opening the door to member attrition. You have to provide the products your members need.We’ve all heard the numbers. It costs roughly six or seven times more to acquire a new customer than to retain an existing one. (Note that I am using the word “customer” rather than “member” because this research was not credit union-specific, but it does apply to credit unions.) There’s more. The likelihood of selling to an existing customer is 60-70%, but the likelihood of selling to a new prospect is around 5-20%. Here’s another interesting statistic: reducing customer defection by just 5% can increase profits by 5-95%. One study indicated that a mere 2% increase in customer retention has the same effect as decreasing costs by 10%. Bottom line, you’ve got to hold on to your members. It’ll cost you if you don’t.Most financial institutions—big banks, regional banks, and credit unions alike—offer discounts and perks for members and customers that adopt more of their products. Once your member becomes a customer of another bank, you’ve opened the door to all kinds of cross marketing opportunities. By the time your member adopts automatic deposit, a new checking account, an auto loan, or any other type of service with the new institution, your relationship will already have been significantly weakened.What to do?Smart credit unions will start getting their ducks in a row now, if they haven’t already. In other words, if you have a home equity lending program, is it fast, efficient and compliant? If you don’t, you should start putting a program in place.Whether you’re looking to update your current equity lending program or create a new program altogether, running an efficient, fully compliant program doesn’t have to be difficult. The first step is making sure you understand the regulations. The National Credit Union Administration (NCUA) has definitive guidelines for a lot of the activities in the equity lending process, from the type of collateral evaluations one needs, to the processes for testing and validating analytical models—like AVMs, the de facto standard for equity lending transactions. The second step is to make sure your processes meet those guidelines and regulations, and do so with efficiency.Learning and navigating the twists and turns of regulatory guidelines is a lot to handle. It can take considerable time and effort. One of the shortcuts you can take is to speak with an expert. Your vendors are a good place to start. For example, at New Vista, we have been serving credit unions for eight years. We know the landscape, from member expectations to credit union-specific guidelines and regulations. In fact, we have a full line of tools that address the special needs of credit unions.We have found that one of the best ways to assure efficiency—which includes providing the speed and service that protects member relationships—is to leverage a powerful platform and bundled services from one provider. Our one-stop shop will cut your vendor interaction down to one easy order platform, one invoice and one point of contact, which has the power to streamline Home Equity processes for your entire team, including your members. Having a vendor manager that understands and focuses on your unique needs, can save a lot of headaches—and lost relationships—down the road.Choose wisely. The right vendor can make stellar member service a given. It can enable your credit union to focus less on problems, and more on the products and pricing that serve its needs and the needs of its members. 35SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jesse Rivera Jesse Rivera is responsible for the profitable growth of the company including strategic partnerships, business development, and account management while ensuring excellence in operational fulfillment of all functions performed by … Web: www.newvistasolutions.com Details
Chelsea staged a remarkable late revival to snatch a controversial victory at relegation-threatened Cardiff City and ease the intensifying pressure on boss Maurizio Sarri.Ponderous and painfully slow, Chelsea controlled possession but did little with it as they were comfortably shackled by a disciplined Cardiff side during a goalless first half.The hosts took the lead less than a minute into the second period thanks to Victor Camarasa’s delicate curling volley, prompting cries of “we want Sarri out” from Chelsea’s travelling fans. With five minutes left, Cezar Azpilicueta nodded in an equaliser from a clearly offside position and then, in added time, substitute Ruben Loftus-Cheek headed the winner to break Cardiff hearts.The result is a major blow to Cardiff’s bid for Premier League survival, leaving them five points adrift of safety with seven games remaining.For Chelsea, however, it is a major reprieve for their hopes of securing Champions League football next season, keeping them within a point of Manchester United in fourth place.And nobody will be feeling more relieved than Sarri after he faced repeated calls to be sacked from the travelling supporters.The Italian was already under pressure before this match, with a run of four defeats from five away matches and fans growing frustrated with the patient, arguably overly pragmatic style of football known as ‘Sarriball’.They vented their anger on several occasions at Cardiff City Stadium, and justifiably so given their side’s largely toothless display.Sarri had decided to rest two of his most important players, Eden Hazard and N’Golo Kante, who both joined Callum Hudson-Odoi on the bench despite the clamour to hand the 18-year-old winger his first Premier League start following his impressive recent debut for England.Hazard’s creativity and Hudson-Odoi’s dynamism would have been useful for Chelsea in a sterile start to the game, as they dominated possession but at a walking pace.Once again, Gonzalo Higuain cut a forlorn figure up front, dropping deep in search of the ball and often outnumbered by Cardiff’s swarming defence.Added to that, there was no penetration from a midfield three of Mateo Kovacic, Ross Barkley and Jorginho, whose second-half substitution was met with ironic cheers from the travelling supporters.But it was Sarri for whom they reserved their most stinging vitriol, mocking ‘Sarriball’ and demanding the Italian’s sacking in a string of furious chants.Chelsea’s players pressed forward in search of an equaliser as the second half wore on, but there was little conviction or genuine threat against a Cardiff side who had conceded 57 goals in their previous 30 matches.That was until the 84th minute when Marcos Alonso flicked on a cross to Azpilicueta, who was a foot offside but allowed to head in from close range, much to the rage of the Cardiff crowd.A draw would still not have been much use to Chelsea’s hopes of a top-four finish, and they got their full reprieve when Willian swung an injury-time cross to the back post, where substitute Loftus-Cheek headed in powerfully to spark celebrations in the away end – and a huge sigh of relief from Sarri.While Sarri reflected on his lucky escape, his counterpart Neil Warnock exploded with indignation.This was a result which could have huge ramifications for Cardiff’s bid for Premier League survival, and referee Craig Pawson’s controversial late decisions were fuel to the flames of Warnock’s fury.His side were playing catch-up before a ball had been kicked, as Burnley and Southampton’s wins on Saturday had left the Bluebirds five points adrift of safety.But before the late drama here, Cardiff were on the cusp of a fourth win from seven Premier League matches which would have done wonders for their aim of avoiding relegation.This would have been their most notable scalp of the season and, although it was against a Chelsea side playing well short of their potential, Cardiff deserved credit for the way in which they negated their opponents with a diligent and well-drilled display.They were content to allow Chelsea the ball for long periods, while carrying a threat on the break with Josh Murphy a livewire on the right wing.And although Cardiff are not renowned for aesthetically pleasing football, their goal was a thing of beauty, Camarasa barely breaking stride as he swept in a curling volley just inside the Chelsea penalty area.It was to prove in vain, with Azpilicueta’s goal from an offside position incurring the wrath of the home crowd.The mood darkened further still when Pawson showed Antonio Rudiger a yellow card for bringing down Kenneth Zohore as he bore down on goal, with the home fans believing the offence warranted a sending off.And then the final blow came in added time as Loftus-Cheek headed in the winner, leaving Cardiff’s dumbstruck players and fans wondering how they had been denied a precious victory, and cursing the controversial calls which contributed to the late turnaround.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram