Risky Business: Compliance and change on overdrive at WSECU

first_imgPerched near the place where the pandemic came ashore, Washington State Employees Credit Union ($3.5B, Olympia, WA) has leaned on its growing ability to manage risk of all kinds as the member-owned cooperative navigates a new reality.Products and processes created to help members cope with the coronavirus have introduced uncertainty — and possible compliance risk — in, for example, responding to new laws that allow hands-off work such as digital notary signings for loans.That’s just for starters, says Wilkes Hardin, vice president of lending compliance at WSECU.“Our quickly changing business and regulatory environment has increased operating risks in all categories across the enterprise,” Hardin says. “The same is true for many of the member accommodations and product enhancements we made. The good news is, we’re getting quicker and better about managing to risk so that we keep pace.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

On Compliance: A new era dawns for community fields of membership

first_imgRecent updates to the National Credit Union Administration’s Chartering and Field of Membership Manual have the potential to revolutionize community chartering for federal credit unions, especially those that are based in the 29 metro regions in the United States that have a total population of more than 2.5 million.On July 30, the NCUA Board issued a final rule authorizing FCUs to apply for community field of membership expansions for contiguous portions of “combined statistical areas”—the Office of Management and Budget’s largest type of core-based geographic statistical area based on patterns of local economic and social ties—that have a population of up to 2.5 million.CSAs are groupings of smaller core-based statistical areas—such as metropolitan statistical areas or micropolitan statistical areas—centered on cities or large towns. Under the new rule, FCUs will not be required to serve a CSA’s “urban core” (i.e. its largest city) or the urban core of a large metropolitan statistical area that is not part of a CSA so long as it can demonstrate that it did not choose its geographic area with the intent to exclude low- and moderate-income individuals.The Washington-Baltimore-Arlington, DC-MD-VA-WV-PA combined statistical area, for example, is the fourth most populous CSA with a total population of approximately 9.8 million people that includes seven smaller core-based statistical areas. It has Washington, D.C., as its urban core but also includes Baltimore and many smaller cities, as well as suburban, exurbanand rural areas in Maryland, Virginia, West Virginia and Pennsylvania. The new rule would allow an FCU to serve any contiguous portion of this area that has total a population of up to 2.5 million without the FCU having to provide additional evidence demonstrating that the proposed expanded field of membership is a local community. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

West Florida Men’s Basketball Starts Season with 91-69 Win

first_img Nov. 15, 2007  Box Score    PENSACOLA, Fla. – The West Florida Men’s basketball team hit the ground running to start the 2007-08 season, and they cruised to a 91-69 win over Concordia College (Selma). Junior Point Guard Deondre Boynton (Pompano Beach, Fla.) set the tempo early by controlling the fast break. Boynton would end the game with 11 points and nine assists. Junior Josh Jackson (Madison, Wisc.) started the scoring barrage for the Argos, as he scored 14 of his 17 points in the first half.Head Coach Don Hogan was glad to get the season going, and generally pleased with the performance. “Concordia is a very athletic team, that throws a lot of different defenses at you, and we did a good job doing what we needed to do. However, we did give up too many offensive rebounds, and we still have a long way to go, but overall a decent start.”Some early three pointers kept Concordia (5-7) close for much of the first half. With the score at 27-24, the Argos (1-0) put together a 12-1 run to end the first half. Back to back layups by Ryan Henry (Jr. / Ft. Lauderdale, Fla.) and Boynton started the run, and Jackson capped it off with a three pointer with 31 seconds left in the first half.Boynton was asked about the highlight of the game, and his response, “When I passed the ball to Rod Doss for a dunk. My highlights are always when I make a pass that allows a teammate to do something good.” Boynton will be expected to shoulder some of the leadership role this year. “This is my third year and we have a lot of new players, so I think my leadership can help keep us focused,” stated Boynton.Coach Hogan was pleased with Boynton and some other individual performances. “Deondre did some good things and ran the team well, but he has to watch out for picking up some silly fouls. We worked on getting the ball inside, and Charles Bouie did a nice job on the inside. We saw some good things out of Kenny Holmes, who is coming off injuries from last season. Josh Jackson played real well, and we saw some good things from Chris Ammons off the bench.” Coach Hogan was able to play fourteen different players, and 10 players saw at least 10 minutes.Henry and Jackson were the scoring leaders for the Argonauts with 17 points apiece. Jackson is excited about the team, “We have guys who are willing to work hard, and willing to get better to win. It was enjoyable to have the team play together and win.”The Argonauts opened up the offense in the second half as they shot 61 percent, while holding Concordia to only 31% shooting in the second half. West Florida out rebounded the hornets 46-39, but did give 20 offensive rebounds. Charles Bouie (Jr. / Pahokee, Fla.) led the Argonauts on the boards, with seven rebounds, and added five blocked shots, to go along with 12 points. Kenny Holmes (Jr. / Slidell, Ala.) had a solid night with seven points, five rebounds, and two steals.Senior Vitor Boccardo (Rio de Janeiro, Brazil) provided some solid play with six points and five rebounds off the bench. Junior Guard Rod Doss (Jr. / Athens, Ala.) had the highlight dunk of the game, while Freshman Chris Ammons (Jacksonville, Fla.) had a nifty reverse layup for two of his four points. Freshman Lucas Malone (Niceville, Fla.) made the most of his minutes, scoring five points in nine minutes of play.Concordia was led by Joshua Williams with 16 points, and Ronald Cooper with 13. West Florida will play again on Saturday at 1:00 pm, when they host Puerto Rico Rio Pedras. The Argonauts are in the middle of a four game home stand to start the season. Print Friendly Version West Florida Men’s Basketball Starts Season with 91-69 Win Sharelast_img read more

Angels, Anthony Rendon agree to 7-year, $245 million deal

first_img Angels offense breaks out to split doubleheader with Astros Angels’ Mike Trout working on his defense, thanks to Twitter Eppler used the number six, but then counted out eight when listing the type of player other teams would want from him. He mentioned Fletcher, Luis Rengifo, Matt Thaiss, Jo Adell, Brandon Marsh and pitchers Griffin Canning, Patrick Sandoval and José Suarez.Obviously, some of those players would be less available than others – and Adell likely not available at all – but Eppler was trying to illustrate why he thinks he could acquire an impact player in a trade.“I tell other GMs that we might be a little aggressive, and that’s attractive to them,” Eppler said. “They want to ask about some of those players.”Rendon’s presence would make either Fletcher or Rengifo easier to trade.The Cleveland Indians had shown interest in Rengifo in trade talks with the Angels in July, according to a source. So it’s possible that those talks have been rekindled, with Kluber as the Angels’ target this time. New Angels pitching coach Mickey Callaway was the Indians’ pitching coach for five years, including both seasons when Kluber won the Cy Young award. Rendon, 29, is coming off a season in which he hit .319 with 34 homers and a 1.010 OPS. He finished third in the National League MVP voting and helped the Nationals to a World Series title.Rendon is a career .290 hitter with an .859 OPS, but over the past three years, he’s hit .310 with 83 homers and a .953 OPS.The Washington Nationals offered Rendon a seven-year, $210-million deal in September, including deferred money.Rendon would fit into the heart of the Angels’ lineup, joining Trout, Shohei Ohtani and Justin Upton as legitimate power threats, surrounded by players like Andrelton Simmons, David Fletcher and Pujols.Although the Angels have significantly upgraded their lineup, they remain interested in improving their pitching, including discussion of a deal for two-time Cy Young winner Corey Kluber, according to a source. Angels’ Shohei Ohtani spending downtime working in outfield Angels’ poor pitching spoils an Albert Pujols milestone center_img Jose Suarez’s rocky start sinks Angels in loss to Astros SAN DIEGO — A day after losing out on the best pitcher on the free agent market, the Angels completed a deal to get Anthony Rendon, the best hitter on this winter’s market.The Angels and Rendon agreed on Wednesday to a seven-year, $245-million deal, according to a source. The deal does not include any opt-outs or deferred money, and it includes a full no-trade clause.It is the Angels’ largest free-agent signing ever, exceeding the $240-million Albert Pujols deal. It is not as rich as the $426 million extension Mike Trout signed earlier this year.The Angels had been trying to get Gerrit Cole to anchor their pitching staff, offering him an eight-year deal worth nearly $300 million, according to a source. But Cole agreed on Tuesday night to a nine-year, $324 million deal to go to the New York Yankees. Prior to the Rendon deal, General Manager Billy Eppler cautioned against trying to build a team solely on its offense. Eppler said a team “can rack up a lot of wins slugging throughout 162 games,” but it doesn’t work in the playoffs.“When you get into shortened series, you’re probably going to get one or two No. 1 (pitchers),” Eppler said. “You’d better be able to pitch with them, too, or close to them.”Eppler said the Angels could free up resources to trade for a pitcher if they acquired another impact position player.“We use our creativity and explore things,” Eppler said. “We’ve taken our payroll to a fairly low level. We have six young controllable players who have performed well in the big leagues. Some that have a chance to be in the big leagues at some point this coming season. That’s really attractive for teams. My phone is ringing a lot.”Related Articles Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more