The U.S. Small Business Administration has indicated that financial institutions (including credit unions) under $10 billion in assets have stepped up and collectively have around $60 billion (about a third) of the second-round Paycheck Protection Program funds under their management.To best serve the interest of their small-business members and themselves, credit unions that took on these loans must work to ensure that these debts are forgiven and not rolled over into low-yielding two-year loans that may need to be refinanced to be repaid.Without a doubt, careful recordkeeping will be critical to justify forgiveness. There will be lots of borrowers reaching out for help, and providing clarification will be a very challenging component of the servicing responsibilities for these loans. (Some companies are offering assistance with this process, such as—but certainly not limited to—Jack Henry, Abrigo and Capiform.)In addition to processing the forgiveness and rollover loan components of PPP, credit unions also need to be developing their game plans for the likely significant rise in the levels of nonperformance in their consumer and business loan portfolios. Add these concerns to declining net interest margins caused by the unprecedented low interest rate environment and the decline in transaction-based fee income coming from the pandemic-driven slowdown in the economy, and we have a perfect storm scenario. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Tag: 夜上海论坛IT Saudi King names new successor in gov’t shakeup
It added that Moqren, 69, was also relieved of his position as deputy prime minister in the world’s largest oil exporter, but insisted “he will always remain in high regard”. Related Saudi king to deliver speech in Egypt’s parliament Saudi Arabia strikes Yemen Rebels The decree named “Prince Mohammed bin Nayef as crown prince” as well as deputy prime minister and said he will continue in his position of interior minister and head of the political and security council, a coordinating body. Saudi King has ‘full confidence’ in Egypt security Saudi Arabia’s King Salman on Wednesday named his powerful interior minister as heir in a generational shift that also saw one of his sons promoted to second in line to the throne.By making Interior Minister Mohammed bin Nayef, 55, crown prince and Defence Minister Mohammed bin Salman, 30, deputy crown prince, King Salman has effectively decided the line of succession for decades to come in the world’s top oil exporter.A royal decree removed Crown Prince Moqren bin Abdul Aziz bin Saud as next in line to the throne and replaced him with Prince Mohammed bin Nayef, who headed a crackdown on Al-Qaeda in the oil-rich kingdom a decade ago.“We have decided to respond to his highness and what he had expressed about his desire to be relieved from the position of crown prince,” said a statement from the royal court, carried by the official Saudi Press Agency.
Tag: 夜上海论坛IT Stars midfielder ‘Tosh’ up for SOYA award
0Shares0000This year Omollo was named the winner of the FIFPRO Merit Award for his outstanding community work in Dandora.NAIROBI, Kenya, Dec 15 – Harambee Stars midfielder Johanna Omollo has been named among the nominees for the Community Hero award during this year’s Safaricom Sports Personality of the Year (SOYA) gala to be held in Mombasa next month.The Belgium-based midfielder has earned the nomination on account of his Johannah Omollo Foundation that seeks to make better lives for the people of Dandora where he was born, brought up and began his football career. The foundation was started in 2017 has been supporting kids through education scholarships, mentorship and entrepreneurship programs as well as providing sanitary pads to teenage girls among many other initiatives meant to uplift the livelihoods of the youth of the informal sector.Over 80 kids have received school fees and other supplies while 200 girls benefit by getting sanitary pads every month.The Harambee Stars player is also a member of Common Goal, a charitable organisation that draws willing professional footballers and coaches to donate one percent of their wages to non-governmental organisations working in football.This year Omollo was named the winner of the FIFPRO Merit Award for his outstanding community work in Dandora.To earn the award, Omollo will face stiff competition from Elgeyo-Marakwet based coach Eric Kimaiyo, former national cricket team player Peter Ongondo and another coach Bernard Makumi, who works mainly as a volunteer in helping mentally challenged athletes.-Kapsait Camp coachKimaiyo, who is also the coach of world marathon record holder Brigid Kosgei was nominated due to the good work he has been doing at his Kapsait camp.He is credited with giving life to the former Fila athletics camp by pumping in money to help restart the camp and naming it Kapsait Training camp.He also runs a school, Kapsait Athletics Secondary School which he mainly uses to tap talent. He admits talented athletes who are allowed to study at the school at subsidized rates while those who can’t afford to pay school fees are allowed to study for free and pay the money later once they start making money in athletics.World Under-20 champion Edward Zakayo is one of those athletes who are studying at the school among others.Apart from Brigid, other athletes who have gone through Kimaiyo’s camp are the likes of Elizabeth Romukal, Leah Kibet a semi-final at the IAAF World Under 18 Championships, East Africa Secondary School Games 5,000m champion Catherine Relin, Joseph Muigai, Reuben Longosiwa among others.-Deaf society into cricketOn his part Ongondo, a former assistant cricket coach has found a way of integrating the less privileged members of the deaf society into the sport.He first started working with Pangani Special School before approaching Ngala School of the deaf in Nakuru where he tried to teach cricket.They held their first mini cricket for the deaf this year which he fund raised through facebook with members of the cricket without boundaries also chipping in.The deaf girls won two matches in the mini cricket held last month with two of them were given call-ups to the Under 19 national team trials.Ongondo who works with two volunteers to help with translation solely caters for their allowances and sources for kits from the President of Malta Cricket Paul Bradley whom he approached when he took up this initiative.Another nominee is Makumi who has used the power of sports to ensure athletes with intellectual disabilities access primary and secondary education.-Intellectual disabilityHe has advocated various secondary school head teachers to admit athletes with intellectual disabilities.He also supports and mentors his players to undertake economic activities from the money they make from sports.Coach Makumi runs his club as a unified club, meaning he gives opportunities and nurtures talents for youth with and without intellectual disabilities.This has not only transformed the lives of the players but that of the community as well. Because of his efforts County Government of Makueni has recognized persons with intellectual disabilities and now the county mobilizes resources to support their sporting activities.0Shares0000(Visited 27 times, 1 visits today)