Genworth's economist, Nathan Struemph, discusses informative economic updates and forecasts. You get a 360 degree view on economic trends, including a deeper dive into the U.S. housing market and will walk away with the critical information you need to introduce stronger more definitive strategies at your credit union. Recording available at http://www.nafcu.org/genworth.
Eisman ira sohn conference slides and speech-5-26-10Paul Kedrosky
The for-profit education industry has grown rapidly over the past 10 years, outpacing traditional colleges. It now enrolls almost 10% of students but receives 24% of federal financial aid dollars. This is partly due to influential lobbyists who used to work in the Department of Education. If growth continues, projections show for-profits could claim 20% of students, 40% of schools, and over 40% of federal financial aid within 10 years.
Maria van der Hoeven, Executive Director of the International Energy Agency presentation at The Future of Energy on Global Energy Trends: Focus on oil and gas
The document discusses the challenges facing a family with a mortgage as the economy slows. It summarizes that Jack and Mary bought a house in 2007 with little savings during strong economic times, but are now facing negative equity and high debt levels as unemployment rises and house prices decline. While low interest rates have kept arrears in check, regulation has increased costs for lenders and made the arrears resolution process more complex. Pre-arrears management is important to identify at-risk borrowers and help them avoid falling into arrears. However, for Jack and Mary, inflation has reduced their available income such that any financial shock could push them into arrears.
The Open Access Movements in Turkey and its Effects to Turkish Library Worldİlkay Holt
The document discusses the open access movement in Turkey and its effects on Turkish libraries. It notes that Turkey's scientific research output and citations have grown significantly in recent decades. Several factors contributed to this growth, including increased electronic publishing, the founding of academic networks, and criteria for academic promotion. The document also outlines the development of open access practices like self-archiving, institutional repositories, and journals in Turkey since the early 2000s. Consortia and organizations have played a role in advocating for open access and supporting resources like E-LIS.
The document is an annual study on global opinion leaders and trust in various institutions. Some key findings:
1) Trust in business rose globally in 2010 compared to historic lows in 2009 during the recession, led by gains in Western countries like the US where trust jumped 18 points.
2) Trust in government and NGOs also increased modestly globally. However, trust in media continues to decline over the past three years.
3) The rise in trust is seen as fragile, as nearly 70% expect businesses to return to "business as usual" practices once the recession ends.
This document discusses the changing roles and priorities of women, particularly mothers, over recent decades. It finds that while women have made significant advances professionally and educationally since the 1960s, they still bear most of the responsibilities of household and childcare. Younger generations of mothers, particularly Generations X and Y, are more pragmatic about having a career and family, realizing "having it all" does not mean doing it all. They prioritize family over career more than their predecessors and want support from marketers in feeling empowered and having more free time.
This white paper examines how modern generations of mothers, specifically Gen X and millennial mothers, differ from previous generations in their approach to family, work, and life. It finds that today's mothers place higher value on practicality and want permission to be imperfect. They also prioritize family over work and want brands to recognize them as more than just mothers. Marketers need to understand these new attitudes in order to effectively communicate with contemporary female consumers.
CPFL Energia is Brazil's largest private electricity sector group. It operates in electricity distribution, generation, and commercialization with almost 100 years of history. The company has a solid commitment to excellence, sustainability, and high standards of corporate governance. CPFL Energia reported increased revenue and EBITDA in 1Q11 compared to the previous year, while net income declined slightly. The company maintains a conservative capital structure and pays out substantial dividends to shareholders.
Eisman ira sohn conference slides and speech-5-26-10Paul Kedrosky
The for-profit education industry has grown rapidly over the past 10 years, outpacing traditional colleges. It now enrolls almost 10% of students but receives 24% of federal financial aid dollars. This is partly due to influential lobbyists who used to work in the Department of Education. If growth continues, projections show for-profits could claim 20% of students, 40% of schools, and over 40% of federal financial aid within 10 years.
Maria van der Hoeven, Executive Director of the International Energy Agency presentation at The Future of Energy on Global Energy Trends: Focus on oil and gas
The document discusses the challenges facing a family with a mortgage as the economy slows. It summarizes that Jack and Mary bought a house in 2007 with little savings during strong economic times, but are now facing negative equity and high debt levels as unemployment rises and house prices decline. While low interest rates have kept arrears in check, regulation has increased costs for lenders and made the arrears resolution process more complex. Pre-arrears management is important to identify at-risk borrowers and help them avoid falling into arrears. However, for Jack and Mary, inflation has reduced their available income such that any financial shock could push them into arrears.
The Open Access Movements in Turkey and its Effects to Turkish Library Worldİlkay Holt
The document discusses the open access movement in Turkey and its effects on Turkish libraries. It notes that Turkey's scientific research output and citations have grown significantly in recent decades. Several factors contributed to this growth, including increased electronic publishing, the founding of academic networks, and criteria for academic promotion. The document also outlines the development of open access practices like self-archiving, institutional repositories, and journals in Turkey since the early 2000s. Consortia and organizations have played a role in advocating for open access and supporting resources like E-LIS.
The document is an annual study on global opinion leaders and trust in various institutions. Some key findings:
1) Trust in business rose globally in 2010 compared to historic lows in 2009 during the recession, led by gains in Western countries like the US where trust jumped 18 points.
2) Trust in government and NGOs also increased modestly globally. However, trust in media continues to decline over the past three years.
3) The rise in trust is seen as fragile, as nearly 70% expect businesses to return to "business as usual" practices once the recession ends.
This document discusses the changing roles and priorities of women, particularly mothers, over recent decades. It finds that while women have made significant advances professionally and educationally since the 1960s, they still bear most of the responsibilities of household and childcare. Younger generations of mothers, particularly Generations X and Y, are more pragmatic about having a career and family, realizing "having it all" does not mean doing it all. They prioritize family over career more than their predecessors and want support from marketers in feeling empowered and having more free time.
This white paper examines how modern generations of mothers, specifically Gen X and millennial mothers, differ from previous generations in their approach to family, work, and life. It finds that today's mothers place higher value on practicality and want permission to be imperfect. They also prioritize family over work and want brands to recognize them as more than just mothers. Marketers need to understand these new attitudes in order to effectively communicate with contemporary female consumers.
CPFL Energia is Brazil's largest private electricity sector group. It operates in electricity distribution, generation, and commercialization with almost 100 years of history. The company has a solid commitment to excellence, sustainability, and high standards of corporate governance. CPFL Energia reported increased revenue and EBITDA in 1Q11 compared to the previous year, while net income declined slightly. The company maintains a conservative capital structure and pays out substantial dividends to shareholders.
Inventory is important parts of business. Its impossible to be ZERO but its not good when we are keeping too much. Its like Cholesterol inside of BLOOD, good in some amount. Inventory is About COST! So it should be Effective and Accurate!
The document appears to be a catalog showing various furniture items for industrial and heritage collections. It includes photos and specifications for over 20 tables, cabinets, drawers, and other furniture in a range of sizes. Metrics like width, height, depth are provided for each item, along with identification codes. Percentages from 0 to 100 are listed below each image, though it is unclear what these percentages represent.
Land and Home(s) No Longer Four Letter Words?Allen Matkins
The document discusses trends in the real estate development and new home market. It provides the following key points:
1. The new home market is recovering from the housing crisis as excess supply is worked through the system and new construction has stopped for five years, while economic fundamentals are improving.
2. Job growth is strong in many states including California, Texas, and Florida. The San Jose and Washington D.C. metro areas have the highest number of job postings per capita. California employment is growing fastest in professional and business services and health care.
3. Single family permits in California are rising again after hitting a low point during the recession but remain well below historical averages, indicating the new home market
The document provides an overview of HSBC, including:
1) HSBC has a history of steady dividend and earnings per share growth over the past decade.
2) It has a global presence with over 9,500 offices in 76 countries, allowing it to serve customers around the world.
3) HSBC focuses on growing its business organically and through small, strategic acquisitions that fit its overall strategy and improve earnings.
This document summarizes 5 things that were learned from talking to 100 million customers. (1) Satisfied customers are not necessarily loyal customers. (2) Customer loyalty drives sales more than customer satisfaction alone. (3) Inconsistency in customer experiences is damaging to loyalty. (4) Loyal employees help drive outstanding business performance through better customer service. (5) Resolving customer problems extremely well can turn dissatisfied customers into promoters of the business.
Exxon Mobil Corporation at Barclays Capital 2009 CEO Energy Conferenceinvestorrelation
This document provides an overview of ExxonMobil's business model and strategy for delivering value through economic cycles. It discusses ExxonMobil's focus on risk management, financial strength, asset quality and diversity, and disciplined operations. Charts show ExxonMobil's consistent reserves replacement, lower cost reserves additions, project execution excellence, and industry-leading upstream volumes, earnings, and returns. The document outlines ExxonMobil's significant global project portfolio and future capacity growth.
Bij vrijwel iedere organisatie komt het voor: er wordt een procesmatige werkwijze geïntroduceerd, maar het succes blijft uit. De medewerkers weten vaak niet wat er van hen verwacht wordt. Procesmatig werken blijkt meer te zijn dan alleen het schrijven van procedures en het aanwijzen van procesmanagers. In deze presentatie geeft Jordi Recasens vijf onmisbare adviezen voor het succesvol implementeren van een procesmatige werkwijze. (gepresenteerd door Jordi Recasens op Tooling Event 2009)
Due to dissatisfaction with customer service, analysts’ surveys advise that over a third of global retail banking customers moved providers in 2011. Losing this segment of customers reduces the opportunity to sell more financial products at the branch, negatively impacting profitability and growth. For more details: www.nafcu.org/ncr
The PX index fell 0.6% over the week. Fortuna gained 3.8% ahead of its ex-dividend date while NWR dropped 12.3% as its majority owner announced plans to sell shares. CEZ extended a reactor shutdown and its managers sold shares. Pegas announced a €55-60m investment in Egypt. The upcoming week may see negative sentiment continue given weak prior US jobs data and upcoming central bank meetings.
WESCOR Company is a New England-based equipment supplier for water and wastewater treatment facilities founded in 1969. They service the six New England states and have knowledgeable sales representatives covering different regions. WESCOR supplies various process equipment including membrane bioreactors, UV disinfection systems, grit removal, screening, pumping solutions, and aeration technologies to support municipal water and wastewater treatment.
Este documento lista diferentes tipos de tiendas de comestibles y mercados como la frutería, carnecería, verdulería y pescadería. También enumera varios ingredientes de cocina comunes como el ajo, sal, pimienta, aceite y harina. Además, describe brevemente algunos platos típicos españoles como la paella, empanada y tortilla española, así como el postre flan.
El artículo discute cómo la sociedad contribuye a la cultura de la violación a través de la normalización de la cosificación y la objetivación sexuales de las mujeres en los medios y la cultura popular.
Implementeren in een andere kleur - Een andere kijk op procesimplementaties -...Jordi Recasens
TOPdesk ziet vaak dezelfde zaken mis gaan bij procesimplementaties. De consultants van TOPdesk hebben een andere visie ontwikkeld op het gebied van het implementeren en verbeteren van processen. Onderbouwd door de kleurenleer van De Caluwé en de ontstaansgeschiedenis van TOPdesk worden de kenmerken van onze visie belicht. Hieruit volgen handvatten die u zelf kunt gebruiken bij uw volgende procesverbetering! (gepresenteerd door Jordi Recasens op de themadag "Procesimplementaties ingekleurd" 2011: http://www.topdesk.com/nl/themasessies/programma/themasessie-servicemanagementprocessen/)
The weekly market summary reported on the performance of the Prague Stock Exchange and other European markets for the week of May 30 to June 3, 2011. The PX index fell 0.6% as investors reacted to weaker than expected US unemployment data and comments from Moody's. Fortuna was the top gainer, up 3.8% ahead of its dividend payment. NWR fell 12.3% after its majority owner offered additional shares for sale. CEZ's shares traded ex-dividend and its managers sold shares. Pegas announced a EUR 55-60 million investment in a new Egyptian production facility to enter North African and Middle Eastern markets.
Bouwstenen voor succesvol veranderen - TOPdesk Symposium 2012Jordi Recasens
Alle verandering is moeilijk. Waar moet u beginnen? Hoe verlaagt u weerstand? Deze workshop geeft u handvatten om uw processen te verbeteren. Door zelf aan de slag te gaan met LEGO ervaart u welke bouwstenen u nodig heeft om succesvol te veranderen. (workshop door Jordi Recasens en Erikjan Capelleveen op TOPdesk Symposium 2012)
Inventory is important parts of business. Its impossible to be ZERO but its not good when we are keeping too much. Its like Cholesterol inside of BLOOD, good in some amount. Inventory is About COST! So it should be Effective and Accurate!
The document appears to be a catalog showing various furniture items for industrial and heritage collections. It includes photos and specifications for over 20 tables, cabinets, drawers, and other furniture in a range of sizes. Metrics like width, height, depth are provided for each item, along with identification codes. Percentages from 0 to 100 are listed below each image, though it is unclear what these percentages represent.
Land and Home(s) No Longer Four Letter Words?Allen Matkins
The document discusses trends in the real estate development and new home market. It provides the following key points:
1. The new home market is recovering from the housing crisis as excess supply is worked through the system and new construction has stopped for five years, while economic fundamentals are improving.
2. Job growth is strong in many states including California, Texas, and Florida. The San Jose and Washington D.C. metro areas have the highest number of job postings per capita. California employment is growing fastest in professional and business services and health care.
3. Single family permits in California are rising again after hitting a low point during the recession but remain well below historical averages, indicating the new home market
The document provides an overview of HSBC, including:
1) HSBC has a history of steady dividend and earnings per share growth over the past decade.
2) It has a global presence with over 9,500 offices in 76 countries, allowing it to serve customers around the world.
3) HSBC focuses on growing its business organically and through small, strategic acquisitions that fit its overall strategy and improve earnings.
This document summarizes 5 things that were learned from talking to 100 million customers. (1) Satisfied customers are not necessarily loyal customers. (2) Customer loyalty drives sales more than customer satisfaction alone. (3) Inconsistency in customer experiences is damaging to loyalty. (4) Loyal employees help drive outstanding business performance through better customer service. (5) Resolving customer problems extremely well can turn dissatisfied customers into promoters of the business.
Exxon Mobil Corporation at Barclays Capital 2009 CEO Energy Conferenceinvestorrelation
This document provides an overview of ExxonMobil's business model and strategy for delivering value through economic cycles. It discusses ExxonMobil's focus on risk management, financial strength, asset quality and diversity, and disciplined operations. Charts show ExxonMobil's consistent reserves replacement, lower cost reserves additions, project execution excellence, and industry-leading upstream volumes, earnings, and returns. The document outlines ExxonMobil's significant global project portfolio and future capacity growth.
Bij vrijwel iedere organisatie komt het voor: er wordt een procesmatige werkwijze geïntroduceerd, maar het succes blijft uit. De medewerkers weten vaak niet wat er van hen verwacht wordt. Procesmatig werken blijkt meer te zijn dan alleen het schrijven van procedures en het aanwijzen van procesmanagers. In deze presentatie geeft Jordi Recasens vijf onmisbare adviezen voor het succesvol implementeren van een procesmatige werkwijze. (gepresenteerd door Jordi Recasens op Tooling Event 2009)
Due to dissatisfaction with customer service, analysts’ surveys advise that over a third of global retail banking customers moved providers in 2011. Losing this segment of customers reduces the opportunity to sell more financial products at the branch, negatively impacting profitability and growth. For more details: www.nafcu.org/ncr
The PX index fell 0.6% over the week. Fortuna gained 3.8% ahead of its ex-dividend date while NWR dropped 12.3% as its majority owner announced plans to sell shares. CEZ extended a reactor shutdown and its managers sold shares. Pegas announced a €55-60m investment in Egypt. The upcoming week may see negative sentiment continue given weak prior US jobs data and upcoming central bank meetings.
WESCOR Company is a New England-based equipment supplier for water and wastewater treatment facilities founded in 1969. They service the six New England states and have knowledgeable sales representatives covering different regions. WESCOR supplies various process equipment including membrane bioreactors, UV disinfection systems, grit removal, screening, pumping solutions, and aeration technologies to support municipal water and wastewater treatment.
Este documento lista diferentes tipos de tiendas de comestibles y mercados como la frutería, carnecería, verdulería y pescadería. También enumera varios ingredientes de cocina comunes como el ajo, sal, pimienta, aceite y harina. Además, describe brevemente algunos platos típicos españoles como la paella, empanada y tortilla española, así como el postre flan.
El artículo discute cómo la sociedad contribuye a la cultura de la violación a través de la normalización de la cosificación y la objetivación sexuales de las mujeres en los medios y la cultura popular.
Implementeren in een andere kleur - Een andere kijk op procesimplementaties -...Jordi Recasens
TOPdesk ziet vaak dezelfde zaken mis gaan bij procesimplementaties. De consultants van TOPdesk hebben een andere visie ontwikkeld op het gebied van het implementeren en verbeteren van processen. Onderbouwd door de kleurenleer van De Caluwé en de ontstaansgeschiedenis van TOPdesk worden de kenmerken van onze visie belicht. Hieruit volgen handvatten die u zelf kunt gebruiken bij uw volgende procesverbetering! (gepresenteerd door Jordi Recasens op de themadag "Procesimplementaties ingekleurd" 2011: http://www.topdesk.com/nl/themasessies/programma/themasessie-servicemanagementprocessen/)
The weekly market summary reported on the performance of the Prague Stock Exchange and other European markets for the week of May 30 to June 3, 2011. The PX index fell 0.6% as investors reacted to weaker than expected US unemployment data and comments from Moody's. Fortuna was the top gainer, up 3.8% ahead of its dividend payment. NWR fell 12.3% after its majority owner offered additional shares for sale. CEZ's shares traded ex-dividend and its managers sold shares. Pegas announced a EUR 55-60 million investment in a new Egyptian production facility to enter North African and Middle Eastern markets.
Bouwstenen voor succesvol veranderen - TOPdesk Symposium 2012Jordi Recasens
Alle verandering is moeilijk. Waar moet u beginnen? Hoe verlaagt u weerstand? Deze workshop geeft u handvatten om uw processen te verbeteren. Door zelf aan de slag te gaan met LEGO ervaart u welke bouwstenen u nodig heeft om succesvol te veranderen. (workshop door Jordi Recasens en Erikjan Capelleveen op TOPdesk Symposium 2012)
This 3-slide PowerPoint presentation covers 3 topics, with one topic discussed on each slide. Slide 1 likely introduces or discusses the first main idea or piece of information. Slide 2 then moves on to the second topic or concept. And Slide 3 concludes the presentation by addressing the third key point.
Este documento es la Ley de Hacienda Municipal del Estado de Baja California. Establece las disposiciones preliminares sobre los ingresos, impuestos, derechos y obligaciones fiscales municipales. Regula aspectos como la administración y recaudación de arbitrios, las garantías fiscales, los sujetos pasivos de créditos fiscales y las obligaciones contables de los contribuyentes.
What the cloud has to do with a burning house?Nane Kratzke
Cloud native applications can create enormous business growth and value in a very short amount of time. Take Instagram as one example company. It took only two years to get a net asset value of 1 billion USD. However, cloud-native applications are often characterized by a highly implicit technological dependency on hosting cloud infrastructures. What happens if you are forced to leave your cloud service provider? What happens if your cloud is burning? The project Cloud TRANSIT investigates how to design cloud-native applications and services to reduce technological dependencies on underlying cloud infrastructures.
This document is a research report on the virtual memory management of Linux. It discusses several key aspects of Linux's virtual memory system:
1) Linux uses a page replacement algorithm based on a clock algorithm, which cycles through physical memory pages checking for recent access using hardware-supported reference bits. This approximates an LRU replacement strategy.
2) Techniques like demand paging, copy-on-write, and memory mapping are used to improve efficiency. Only accessed pages are loaded into memory.
3) The report focuses on page replacement algorithms and swapping/caching technology, and identifies some problems with virtual memory management.
This document shows the importance of different product attributes to customers for two products: the Acer Iconia A500 tablet and the Amazon Kindle Fire. It assigns a score between 0 and 2 to each attribute based on customer survey data, with higher scores indicating greater importance. For both products, features like battery life, ease of use, and price received the highest scores, while attributes like brand and country of origin were less important to customers.
The document discusses using a risk register to drive a project schedule by assigning risks identified in the risk register to specific schedule activities. It proposes calculating the impact of risks through Monte Carlo simulation using "risk factors" that modify activity durations based on the probability and estimated impact of each risk. This approach allows identifying which risks most influence the overall schedule risk. The document provides examples demonstrating how risk factors for two risks could extend the duration of a 100-day activity based on the risk probability and estimated impacts.
The document discusses using risk factors in integrated cost/schedule risk analysis with Monte Carlo simulation. It proposes assigning probabilities and impact factors to individual risks from the risk register rather than estimating activity durations. This allows decomposition of overall schedule risk by specific risk. Risk factors are assigned to activities and influence their durations probabilistically based on the risk occurring. Multiple risks can influence an activity. This provides benefits over traditional approaches by directly linking qualitative and quantitative risk analysis.
This document contains the results from an online template system that tracks key performance indicators (KPIs) for an airport over a 12 month period. It includes metrics on flight information accuracy, departure lounge seating availability, and terminal cleanliness. For each KPI it lists the target percentage, actual percentage achieved for the month and 12 month average. Customer survey results are also presented on a scale of 1 to 5 to measure factors like ease of finding flight information and cleanliness.
The document discusses different approaches to student grading and assessment. Traditionally, grades have reflected both academic and non-academic factors like effort, behavior, and timeliness of assignments. However, grades are meant to measure academic achievement and mastery of subjects. The document proposes a solution where teachers can enter grades into a school management software that calculates separate grades for academic performance and non-academic factors like behavior, providing more transparency.
The Chamber knows how important it is to have the business community involved in the revision of the Town’s comprehensive plan.
The Chamber has worked to solicit member input by facilitating:
* Four focus groups including downtown businesses, small business, major enterprise and community leaders (60 participants
* Two meetings of the Chamber’s Public Policy and Economic Development Committee (40 participants)
* A real-time texting survey of Chamber annual meeting attendees after a presentation by Mrs. Waldorf (170 responses)
* A mailed and electronically distributed survey to the Chamber membership (115 participants)
* Chamber volunteer and staff participation in a host of Chapel Hill 2020 meetings and workshops
The document reports results from a survey of 9,110 participants between November 2011 and April 2012 about life satisfaction, happiness, and emotional experiences. Key results include:
- Most participants reported high levels of life satisfaction and happiness, rating their satisfaction between 7-10 on a 10-point scale.
- Participants reported feeling positive emotions like happiness more often than negative ones like sadness or fear. They reported feeling positive more than half the time and negative less than half the time.
The document summarizes an investment fund called the TOP 25 S. It aims to generate positive returns and outperform Germany's DAX index through a combination of stock picking and market timing. It invests in 25 stocks from Germany, Austria and Switzerland and uses derivatives to adjust its market exposure based on an in-house indicator of market trends. The fund has outperformed the DAX index in 8 of the past 13 months since its inception in September 2008. It has a 1.75% management fee and is available to retail investors in Germany.
Similar to Making Sense of the U.S. Economy and Housing Market (Credit Union Webinar Handouts) (9)
Learn from the largest subservicer how best to evaluate and select the right subservicing partner for your credit union based on your portfolio, investor mix, product range and other key selection factors.
Nearly one-third of Americans surveyed by Securian Financial Group say they haven’t thought about what would happen to their debt if they – or their cosigners – were to pass away unexpectedly. Fewer than 13 percent say they have taken steps to protect themselves from the sudden loss of a borrower.
With the tsunami of new regulations from NCUA and the CFPB, getting good at compliance is becoming a key success factor for credit unions. In this podcast and presentation from the 2013 NAFCU Annual Conference, Toné Gibson explores how your credit union can develop a cost-effective approach to strike a better balance between compliance and operational efficiency. Through the utilization of three methodologies – strategic development, process excellence, and performance management – learn in detail how to reduce the cost of compliance.
Wolters Kluwer Financial Services is the NAFCU Services Preferred Partner for Consumer and Member Business Lending & Deposit Services. More educational resources and contact information are available at www.nafcu.org/wolterskluwer.
Consumers are willing to pay for services that they find either adds convenience or delivers value. In this podcast and presentation from the 2013 NAFCU Annual Conference, Dave Schneider, Brent Dixon, and Paul Muse discuss how to expand your credit unions credit and debit opportunities and explore innovative products that can help guide your future credit union operations, including new approaches to increasing penetration, activation, and usage of the fundamental card. Also, learn to leverage new payment options that will appeal to Gen Y consumers, including Internet PIN debit, PINless at the point of sale, and payments and delivery of service through mobile.
The document provides an overview of strategic succession planning presented by Deedee Myers. It discusses best practices for succession planning at multiple levels including the board, CEO, executive roles, and managers. It emphasizes the importance of evaluating the board and having necessary conversations. Integration of board and CEO succession planning is highlighted. Outcomes of effective succession planning include increased capacity, opportunities for high potentials, and improved employee morale.
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...NAFCU Services Corporation
Credit unions face opportunities and challenges from evolving payments markets. Regulatory changes are reshaping retail financial services, increasing pressure on legacy models. Emerging technologies and new entrants threaten traditional revenue streams. Credit unions have opportunities for growth but must continue innovating. EMV implementation in the US faces delays from dual debit network requirements. Prepaid cards and mobile devices are gaining traction, changing how consumers interact with financial institutions. To compete, credit unions must enhance digital capabilities and appeal to younger demographics through offerings like mobile payments and banking. Trusted brands position credit unions well to lead developments.
In this presentation from the 2013 NAFCU Annual Conference, Barrett Burns provides a comprehensive analysis of credit score models and discusses how your credit union can utilize them for member outreach and education.
Listen to the full podcast here: http://www.nafcu.org/NAFCU_Services_Corporation/Partner_Library/Credit_Scores__What_s_Behind_the_Number___Podcast_and_Presentation_/
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...NAFCU Services Corporation
This document discusses how financial institutions can engage website visitors and members through digital marketing strategies. It begins by noting that digital spaces are dynamic and outpace marketers' ability to predict what will resonate. It then provides examples of how testing and optimization led to significant increases in traffic and conversions for credit unions. The rest of the document outlines strategies for personalizing the member experience online, nurturing conversations, and creating a "digital exchange" where members can complete multiple financial transactions in one place. The goal is to transform the website from basic information to an engaging sales and service channel.
The document summarizes a presentation about the impact of Dodd-Frank regulations on international payments and how credit unions can address these changes. It discusses:
- New disclosure requirements for international payments under Dodd-Frank that will take effect in October 2013.
- How the Federal Reserve's FedGlobal international ACH system can help credit unions provide lower cost international payments to members while meeting regulatory requirements.
- Benefits of using FedGlobal ACH payments include no beneficiary deductions, lower costs, consistent delivery times, and accessibility for institutions of all sizes.
- Resources available to help credit unions understand and comply with new international payment rules.
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...NAFCU Services Corporation
This document outlines key considerations for credit unions looking to offer wealth management and financial planning services. It discusses the role and responsibilities of an advisor, important characteristics and qualifications to look for in candidates, how to integrate advisors with existing staff, the recruiting and hiring process, compensation structures, and lessons from positive and negative past experiences. The goal is to provide guidance to credit unions on establishing an effective wealth management program and selecting an advisor that will help achieve program mandates for success.
The document discusses Loan Prospector, a tool from Freddie Mac that assists with underwriting conventional loans. It highlights credit policy updates that Loan Prospector has been updated to reflect. These include changes to maximum loan-to-value ratios, how short sale fees are treated, and asset and income documentation requirements. The document also provides an overview of how Loan Prospector analyzes loan files, returns feedback and documentation checklists, and explains the risk classifications and documentation levels it assigns loans.
Deluxe Financial Services: Building an effective social marketing program | D...NAFCU Services Corporation
This document outlines key reasons for credit unions to establish an effective social media marketing program, including growing social media popularity and declining in-person touchpoints. It notes that while social media risks must be managed, regulations should not prevent social media use. The document provides tips for a successful social media strategy, including setting goals, defining a strategy, developing assets and gaining buy-in. It emphasizes measuring key social media metrics and lists humanizing your brand and cross-selling to members as benefits of social media.
The document provides an overview of best practices for outsourcing receivables collections. It discusses the risks and benefits of outsourcing, as well as keys to success. Case studies show how two credit unions reduced costs and increased returns by outsourcing to Credit Control. The presentation emphasizes selecting a financially stable vendor with industry experience, strong client support, and national licensing. It also stresses the importance of accurate data, service level expectations, and compliance with numerous regulations to protect members' data and privacy.
The document outlines 10 ways to improve a vendor management program. It discusses evolving the role of the vendor manager to be more strategic. It recommends having a senior-level vendor manager and understanding the market position of vendors and your own institution. It also suggests changing performance metrics, connecting with vendor representatives on LinkedIn, using the right type of ROI metrics, tying vendor performance to business plans, choosing the right implementation model, and making vendor management a key strategic performance indicator.
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...NAFCU Services Corporation
First introduced in 2007, the NAFCU-BFB Survey of Federal Credit Union Executive Benefits and Compensation was created to better understand the compensation and benefits for the top five executives of Federal credit unions. For more info: www.nafcu.org/bfb
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...NAFCU Services Corporation
TSYS partnered with Mercator Advisory Group to conduct the 2012 Consumer Debit Payment Choice Research Study. This unique study combines survey questions and focus groups, enabling researchers to have an interactive discussion with participants about payment choices and influences, technology awareness and overall user experiences. Learn more at: www.nafcu.org/discover
The document discusses five truths for defining a mortgage strategy. It outlines that a strategy is a high-level plan to shape the future. The five truths are having a vision, commitment to the vision, proper performance and productivity tracking (PPT), internal measurement of goals, and external measurement of goals against market benchmarks. The document encourages downloading additional resource materials on defining a mortgage strategy.
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During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
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2. Legal Disclaimer
“The materials presented in this webinar are intended solely for informational and illustrative
purposes to provoke thought and discussion among the participants. Webinar participants
should not rely on any of the information presented but should independently conduct their own
research and analysis before making any business decisions. Genworth makes no
representations or warranties as to the accuracy or suitability of any of the information contained
herein.”
1
3. Contents
Section Page
U.S. Economy 03
Labor Market 08
Housing 12
Hot Topics 23
2
4. U.S. Economy
Drought Conditions Will Pressure Food Prices
Source: NDMC; NOAA
3
5. Recovery Has Been Weak
Recovery From Trough: Real GDP Perspective On The Employment Picture
1.20 100%
Percentage Of Peak Employment Prior To Recession
99%
1.15
Index, End of Recession =100
98%
1.10
97%
96%
1.05
95%
1.00
94%
0.95 93%
10
12
11
0
1
2
3
4
5
6
7
8
9
-6
-5
-4
-3
-2
-1
12
18
21
24
27
30
33
36
42
45
48
51
57
60
15
39
54
3
6
9
0
Quarters from Trough
1970 1975 1982 1991 2001 2009 Months Since Peak Employment
1957 1960 1970 1974 1980
1981 1990 2001 2008
Balance Sheet Recession = Weak Recovery
Employment Following Path Of Prior “Jobless” Recoveries
Source: BEA, BLS via IHS Global Insights
4
6. Drivers of Growth
Consumption & Business Investment Lead the Recovery
7
GDP Growth During Recovery
6 60% 60%
50% 50%
5 Contribution to Growth Share of Economy 2Q2012
Inventories 40% 40%
4 Consumption 30% 30%
Contribution to Growth (PP)
Equip & Software 20% 20%
3
State & Loval Govt 10% 10%
2 Federal Govt
0% 0%
1 Net Trade
-10% -10%
Residential
-20% -20%
0
NonRes Struct
-30% -30%
Inventories
Government
Non-Residential Struct
Residential Struct
Durable Goods
Services & Non-Durables
Biz Equip & Software
Trade
-1 Change in Real GDP
Change in Final Sales
-2
-3
3Q2009
4Q2009
1Q2010
2Q2010
3Q2010
4Q2010
1Q2012
2Q2012
1Q2011
2Q2011
3Q2011
4Q2011
Consumption And Business Investment Have Driven Growth
Both Will Be Challenges in 2H2012
Source: BEA via IHS Global Insight
5
7. Orders for Durable Goods Slow
Diffusion Indices Of Business Conditions Uncertainty Saps Business Investment
70 100 15%
90 10%
Diffusion Index (50= No Net Change in Conditions)
60
(Positive Response + .5*No Change)
80 5%
Quarterly Change
Diffusion Index
70 0%
50
60 -5%
40 50 -10%
40 -15%
30
30 -20%
20 20 -25%
Jan-90
Jan-92
Jan-94
Jan-96
Jan-98
Jan-00
Jan-02
Jan-04
Jan-06
Jan-08
Jan-10
Jan-12
May-05
May-06
May-07
May-08
May-09
May-10
May-12
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-12
May-11
Jan-11
Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Sep-10
Sep-11
Diffusion Index of Current Diffusion Index of Expectations
ISM Production (L) ISM New Orders (L)
New Orders Durable Goods (R) New Orders Non-Defense exAir Capital (R)
With Uncertainty in the U.S. and Chaos in Europe
Businesses are Understandably Hesitant to Make Investments
Source: Conference Board, ISM, BEA via IHS Global Insight
6
8. Consumer Pressured
Household Asset Appreciation Important to Consumption Retail Sales vs Consumer Confidence
8% 3 6% 120
7% 3.5
4% 100
Ratio to Household Assets-to-GDP
Percentage Change 3m/3m
6% 4
2% 80
5% 4.5
Savings Rate
Index
4% 5 0% 60
3% 5.5
-2% 40
2% 6
-4% 20
1% 6.5
Savings Rate (L) Assets-to-GDP (R)
-6% 0
0% 7
Jan-07
Jan-08
Jan-09
Jan-10
Jan-12
Jan-11
Apr-07
Jul-07
Oct-07
Apr-08
Jul-08
Oct-08
Apr-09
Jul-09
Oct-09
Apr-10
Jul-10
Oct-10
Apr-12
Jul-12
Apr-11
Oct-11
Jul-11
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Retail Sales ExGas - VPQ Consumer Confidence - Expectations
Lack of Confidence Also Saps Consumption
Drop in Gas Prices Will Help Mitigate But Not Overcome Weak Jobs Growth
Source: Federal Reserve, Census, Conference Board via IHS Global Insight
7
9. Labor Market Comes Back to Earth
Payrolls & Unemployment
500 12% Initial Claims
700
Four Week Moving Average
250 10% 650
600
0 8% 550
500
-250 6% 450
400
-500 4% 350
300
-750 2% 250
200
2000
2001
2003
2004
2005
2006
2007
2008
2009
2010
2002
2012
2011
-1000 0%
May-07
Jan-06
May-06
May-08
May-09
May-10
May-12
Jan-07
Jan-08
Jan-09
Jan-10
Jan-12
May-11
Jan-11
Sep-06
Sep-07
Sep-08
Sep-09
Sep-10
Sep-11
Change in Payrolls, M (L) Unemployment Rate, (R)
Weakness No Longer Solely Attributable to Weather
Source: BLS via IHS Global Insight
8
10. Leading Indicators Of Labor Market Conditions
Job Openings Still Trending Up Survey Employment Indices Moderating
But Hiring Remains Weak 80 30
5.0%
Openings Hires Seperations Quits
4.5% 70 20
Diffusion Index (50 = No Change)
Net Percentage of Firms
4.0%
60 10
3.5%
50 0
3.0%
2.5% 40 -10
2.0%
30 -20
1.5%
20 -30
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-12
Jul-11
Jan-11
Jul-00
Jul-01
Jul-02
Jul-03
Jul-04
Jul-05
Jul-06
Jul-07
Jul-08
Jul-09
Jul-10
Jul-12
1.0%
Jul-01
Jul-02
Jul-03
Jul-04
Jul-05
Jul-06
Jul-07
Jul-08
Jul-09
Jul-10
Jul-11
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-12
Jan-11
ISM Manufacturing (L) ISM Non-Manufacturing (L)
Consumer Confidence Jobs (L) NFIB - Increase Employment (R)
While Job Openings Still Support Employment Growth,
Other Survey Measures Suggest Strong Growth Will Be Hard To Achieve
Source: BLS, Institute for Supply Management via IHS Global Insight
9
11. Labor Market Depends On GDP Growth
Long-term Unemployment Divergence Between Growth & Employment is Abnormal
8.5% -3.0%
50 50
7.5% -2.5%
45 45
6.5% GDP (L) Unemployment (R) -2.0%
40 40 5.5% -1.5%
YoY Percentage Change
4.5% -1.0%
35 Mean Unemployment Duration 35
3.5% -0.5%
% of Unemployed
% Unemployed 27 Weeks+
YoY Change
30 30 2.5% 0.0%
Weeks
25 25 1.5% 0.5%
0.5% 1.0%
20 20
-0.5% 1.5%
15 15 -1.5% 2.0%
-2.5% 2.5%
10 10
-3.5% 3.0%
5 5 -4.5% 3.5%
0 0 -5.5% 4.0%
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
1950
1952
1954
1956
1958
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
Long-Term Unemployment Damages Workers’ Skills and Potential GDP
Weak Outlook for GDP Leads to Slow Growth in Jobs
Source: BLS via IHS Global Insight
10
12. Bifurcated Labor Market
Unemployed per Vacancy
8
7 Where are the Jobs? *
6 Total Change -77 85 1,815 -499 -378 -1,391 -1,765 -2,010 106 69 -84 -391 -128
2,500
5
4 2,000
Change During Recession Change During Recovery
3
Change In Employed (In Thousands)
2 1,500
1
0 1,000
Jan-01
Jul-01
Jan-02
Jul-02
Jan-03
Jul-03
Jan-04
Jul-04
Jan-05
Jul-05
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jan-11
Jul-11
Jan-12
Jul-09
Jan-10
Jul-10
500
June 2012 Breakdown 0
Information
Financial
Manufacturing
Federal Govt
Construction
Professional / Business Services
Other Services
Leisure & Hospitality
Local Govt
Mining & Logging
State Govt
Trade, Transportation, & Utilities
Education & Health
Trade -500
Construction -1,000
Manufacturing -1,500
Prof. & Biz Services
-2,000
Education & Health
-2,500
Leisure & Hospitality *Data Through July
0 5 10 15
Unemployed per Job Opening
Structural Unemployment Will Remain High If the Current Job Creation
Pattern Persists
Source: BLS via IHS Global Insight
11
13. Average FICO Score of Originations
760
740
720
Housing 700
680
660
640
2002
2003
2004
2005
2006
2007
2008
2009
2010
2012
2011
Total Purchase
Credit Conditions Continue to Tighten
Source: CoreLogic, Fair Issac
12