Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An 80-year-old man was fatally struck by an Optimum truck in Franklin Square over the weekend.Nassau County police said the victim was crossing Hempstead Turnpike between Ribbon Street and Fendale Avenue when he was hit by an eastbound Chevrolet van at 6:40 p.m.The victim’s identity was not released. The 43-year-old man behind the wheel was not charged.Detectives impounded the van and the road was closed for several hours while investigators were on the scene.
The GOP field is already crowded even without King. There are currently 14 candidates, including New Jersey Gov. Chris Christie, who announced a run earlier this week. The terrain is likely to get even more cramped with Ohio Gov. John Kasich and Wisconsin Gov. Scott Walker expected to announce bids for the nomination, which would bring to 16 the number of Republican presidential candidates.King, the current chairman of the House subcommittee on Counterterrorism and Intelligence, had been mulling a run since at least July 2013. That summer, King emailed donors and acknowledged having misgivings about potential candidates’ ability to handle national security issues.“While I’m nowhere near ready to declare my candidacy, I am concerned about the lack of a coherent national security and homeland security and counterterrorism policy by the Republican Party,” King said in the email. “So, I won’t rule out a possible run.”RELATED: Law Enforcement, Peter King At Odds About Which Extremist Groups Pose Greatest ThreatsKing then hit the road. He traveled to New Hampshire nine times and made stops in Rhode Island and Vermont, he told CNN.Over the years, King has built a reputation as a national security hawk. He frequently appears on cable news programs to discuss counterterrorism issues, thus building his reputation among like-minded Americans outside New York State.In his interview, King said he was “concerned” that Sens. Rand Paul (R-Kentucky) and Ted Cruz (R-Texas) were monopolizing “the airwaves,” and “getting out what they thought was their Republican message.”“I wanted to counter that,” King said.The Congressman has not been shy about criticizing Paul and Cruz for their positions. In May, he said Paul should seek the “Democratic nomination,” and also blasted Kentucky’s junior senator for critical comments he has made about the National Security Agency. Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The Republican presidential field is only four candidates shy of assembling a capable roster for a pick-up softball game. But, if such a game would occur, Long Island’s most outspoken Congressman would not even be on the bench, forget about mowing down batters with high heat.Rep. Peter King (R-Seaford), LI’s most provocative and boisterous elected official, acknowledged Wednesday he is not seeking the Republican nomination for president. King had been toying with the idea for nearly two years, teasing Long Islanders unenthusiastic about former Republican Gov. George Pataki’s candidacy.“I’ve decided not to run,” King told CNN’s Wolf Blitzer Wednesday. “It was a great experience. I would loved to have the opportunity to run, to go all the way; I think I can more than compete with any of those that are in there.“The reality is as far as money, the fact that I do have a full time job on the intelligence and homeland security committees, it’s just not in the cards,” he continued. “I don’t want to be taking up other people’s time. I don’t want to have 19, 20 candidates, whatever its going to be.” As for his chief concern: “There are candidates in the race who are raising national defense issues,” he told CNN.King did not say which Republican he’d support, but he is willing to help if called upon.“I’ll do everything I can to work within the Republican Party,” King said.
1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Brian DayMany Americans are taking advantage of mobile remote check deposit. In fact, according to a recent American Bankers Association (ABA) survey, one in eight respondents used remote deposit in the past year. Among the users, 80 percent deposit a check remotely at least once a month, and 23 percent use it twice a month.“Convenience and saving time are paramount for today’s consumer, so it is no surprise that mobile deposit is gaining traction with banks and their customers,” Nessa Feddis, ABA SVP, said in a press release. “It doesn’t get much easier than depositing a check with the simple snap of a photo.”ABA also found online banking remains the top choice of U.S. consumers to conduct transactions, although mobile banking is steadily gaining ground. Mobile was the preferred banking option by 10 percent of consumers, up from 8 percent in 2013.Mobile banking sits behind branch offices, at 21 percent, and ATMs, at 14 percent, as the most popular options for consumers to do their banking.Credit unions are seeing similar numbers. In a survey conducted by CFI Group, credit union members rated online and mobile banking as “more important than any other aspect of the member experience.” continue reading »
A majority of younger workers see the upside of frequent employment changes and many plan to look this year.Job hopping may be losing its bad reputation, at least among the youngest generation of U.S. workers, an Accountemps survey suggests. Fifty-seven percent of employees between the ages of 18 and 34 said changing jobs every few years can actually help their career, compared to 38 percent of professionals between the ages of 35 and 54 and 22 percent of those age 55 or older.There were also differences by gender, with 47 percent of men and 37 percent of women reporting that job hopping is beneficial.Workers were asked, “Do you think job hopping (leaving your current employer for a new job every few years) can benefit your career?” Their responses: “Conventional wisdom about the perils of job hopping has begun to shift, but professionals still need to look carefully before they leap,” says Bill Driscoll, a district president with Accountemps. “Changing jobs every three to four years is one thing; more frequent moves could indicate the inability to dig into a role and put employers on guard.”Driscoll adds, “Professionals considering job moves should evaluate not only salary but also where they will have the greatest opportunity to build skills and advance their careers.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
53SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dawn Poker Dawn joined cues in 2007. Dawn has served as VP of Conferences and Executive Education, SVP/CLO and in 2010 she became the SVP/Chief Member Relations Officer. Prior to … Web: www.CUES.org Details The CUES team is fired up to drive forward the organization and its talent development mission, even in this period of big change. The fact that this wonderful group of employees has such spirit is a real tribute to the culture of empowerment and engagement fostered by former CUES President/CEO Chuck Fagan, who’s moved on to lead CUES Supplier member PSCU, St. Petersburg, Fla.Here are three strategies I’ve been using as CUES’ interim CEO, practices I’m finding effective in supporting the CUES team and its evolving culture. You might want to try them next you’re leading a credit union during an uncertain period–like waiting for a new CEO to be named.Manage to your line of sight. You can only control what’s in front of you. You have no control over who a search committee is going to hire or if someone on the current team is going to leave as a result of the person who is named. Focus on the things over which you do have influence.Over-communicate. Since I typically telecommute, I came to CUES’ Madison headquarters when I was named interim CEO. This made me more visible to staff and gave me the opportunity to stop by every office to check in. One of the things I heard during these informal meetings was that staff would find reassurance in having monthly all-staff meetings, so they’re now on the calendar. In addition, our board chair videoconferenced into the April meeting to support staff and give an update on how the CEO search is going.I’ve also been working closely with the senior management team, making sure we’re complementing each other and continuing the succession plan. In all, the senior management team and I are working hard to be transparent, communicative and inclusive. At CUES, everyone has great ideas. Our job is to make sure those great ideas are heard. It’s also important to communicate that we understand this is a time of transition and, even so, we’re moving onward and upward.Reflect (and reprioritize). CUES’ department heads met recently to discuss our top priorities for the remainder of this fiscal year, which ends Sept. 30. We agreed we needed to focus on five or six things rather than 20. Staff also has reflected on the evolving organizational culture, and given feedback to the CUES Board of Directors about what things are most important to preserve as the new CEO is selected.Credit unions will see many planned retirements and resulting new CEOs in the next few years. I am certain there will be unexpected CEO changes as well. If you find yourself leading in a time of transition, I hope these strategies will prove useful to you, your team and your credit union.
The Credit Union National Association (CUNA) seeks assurance from the National Credit Union Administration (NCUA) that the agency will work with credit unions as they work to comply with a pending current expected credit loss (CECL) proposal. CUNA wrote to NCUA Chair Debbie Matz Friday regarding the CECL proposal, which is being put forth by the Financial Accounting Standards Board (FASB).CUNA attended a FASB roundtable last week, where Susan Hannigan, senior vice president/chief financial officer of Jeanne D’Arc CU, Lowell, Mass., brought the credit union perspective on the CECL proposal to the board.The proposal, expected to be finalized during the first half of this year, would require credit unions to utilize a CECL model on all financial assets and financial liabilities. This would have a dramatic impact on credit unions, primarily due to a change that would require them to hold much more in reserved for future possible loan losses.“We urge NCUA to assure credit unions that the agency will strive to minimize the regulatory burden of the standard, as well as reduce the unnecessary financial impact the standard will impose on credit unions,” wrote CUNA President/CEO Jim Nussle. “To be clear, CUNA does not believe the CECL model is appropriate for credit unions, and we believe the accounting changes of the standard will severely increase credit unions’ allowances for loan and lease losses. continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Living life in the fast lane means people want to access their money – and information about it – as quickly as possible. “Real time” is an often used industry phrase to describe faster money movement and management but what exactly does it mean to consumers?When it comes to financial transactions, 69 percent of households define real time as immediately or within a few seconds, according to the household finances module of Expectations & Experiences, the Fiserv quarterly consumer trends survey conducted by Harris Poll among more than 3,000 U.S. banking consumers. Just 11 percent of households surveyed equate real time with same-day results. And there are generational differences. Fifty-three percent of Generation X say real time means immediately, while 29 percent of seniors define real time as same day.“Consumer expectations for speed are being reset by broadband technology experiences, and people don’t understand why moving money should be any different than streaming on Netflix,” said Matt Wilcox, senior vice president, Marketing Strategy and Innovation, Fiserv. “People expect options for real-time money movement – for funds to be credited immediately. Their patience for anything less is approaching zero.” continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
45SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Melina Palmer Why do people say one thing and do another? What really drives behavior? How does the brain actually work – and how can we best communicate with it? What does that … Web: www.thebrainybusiness.com Details September 20, 2016…a day that will live in infamy. People will remember this day and ask, “Where were you when you learned Brangelina was over?”The news coverage, memes, talk show commentary, video mockery, and rumors are flying so fast I’m surprised they haven’t broken the internet yet. Especially since, according to some sources, the split caused a series of earthquakes in California…(I truly hope those comments were in jest).So, I figured, if everyone else is talking about it…we should at least learn something!Here are my lessons:The things people care about aren’t always the important things. CNN pushed coverage of bombings in New York off to the side to splash the news of Brangelina as widely as possible. Logically, we know what is important, but the human mind isn’t always logical. Often emotion guides us. Think about that when you are building products, talking about budgeting with your members, or creating your advertisements. How can you communicate the things people need to know in a way they will care about?People file thoughts away…they don’t forget. Even though Brad Pitt and Jennifer Aniston split over a decade ago, pictures and videos have been dusted off to produce thousands of memes in the Brangelina aftermath. The Aniston/Pitt conversation wasn’t even relevant anymore…until it was. Picture this: you have done thousands of projects over the years, and for the last decade everything has been smooth sailing. Then, there is a glitch with your mobile upgrade causing a member-facing delay. Suddenly, members you thought were happy are complaining that this “always” happens, and remind you of a core upgrade that went awry in 2002. Sound familiar? Try to remember the past when planning for the future so you are prepared for the fallout if it comes.The age of the internet has turned our world into a giant game of telephone. The gossip is everywhere. The craziest Brangelina comment I’ve overheard so far was that “She left him because he let the kids eat McDonald’s.” Now, I’m not an expert on the Brangelina relationship…but I am willing to bet that is not the root cause of her decision. Truth often gets lost in the grapevine when traveling at breakneck speed. And, even though we all know you can’t trust everything you read on the internet…sometimes that gets forgotten. Try to communicate in short snippets that will be easy for people to remember and repeat accurately – and expect some items will still get lost in translation.Lastly, you never know what the next big thing is going to be. And while not everything is relevant for your credit union to pick a side in or comment on, sometimes you can strike gold. (For example, did your credit union seize the Pokémon day and become part of that conversation? Why or why not?) Knowing what everyone is talking about – and being prepared for anything – can help you stay relevant in the post-Brangelina world.
continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The House Financial Services Committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Dodd-Frank alternative bill April 26. The bill, the Financial CHOICE Act, contains a number of regulatory relief provisions.“CUNA appreciates Chairman Hensarling’s efforts to bring meaningful regulatory relief for the country’s financial institutions, including credit unions. Unnecessary, overly burdensome and duplicative regulations have significant impact on credit unions’ ability to provide safe and affordable financial services to their members. And, credit unions have been making their voice heard on Capitol Hill on the need for common-sense regulations,” said CUNA President/CEO Jim Nussle. “CUNA and our state associations have been active and engaged in this process through ongoing dialogue about Choice 2.0 on behalf of credit unions with Chairman Hensarling and his staff. We appreciate the openness with which they have operated.“While no bill of this size and complexity is perfect, the legislation includes a number of provisions that we believe would reduce credit unions’ regulatory burden allowing them to more fully provide their members with safe and affordable financial services,” Nussle added. “We are encouraged that the chairman intends to take the legislation through the Financial Services Committee, and we look forward to seeing this process progress.”
13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr As the baby boomer population quickly becomes the largest senior demographic in American history, there is a growing concern about keeping their hard-earned investments safe. According to a recent report, the U.S. senior community loses an astonishing $53 billion annually to both fraudulent and deceptive practices. This type of preying on the elderly is known as “elder financial abuse,” and financial institutions are in the perfect position to help. First, let’s look at the three types of financial elder abuse:Financial ExploitationThis type of exploitation is legal but highly unethical, and consists of deceiving or convincing seniors to make poor financial decisions or give their money away.Criminal FraudThis type of activity is clearly illegal, and includes identity theft and mail fraud.Caregiver AbuseThis refers to financial theft or deception by someone trusted—whether it be a family member, healthcare worker, or even a financial manager. continue reading »