Highly profitable members in underserved investment areas

first_imgWhat is the “banking” story of highly profitable households? What is the “banking” story of highly profitable households in underserved investment areas? “How does the credit union fit into the member’s story? Is the credit union narrative of the banking story the same or different among different geographical areas? Highly profitable credit union households, those which provide $500 or more in profit to the credit union annually, can be located throughout the geographical areas in which the credit union serves. More often than not, most people associate highly profitable households with neighborhoods and communities commonly referred to as “high society” and “upscale avenues”. Highly profitable households are in each geographical area which the credit union serves, even in underserved investment areas. The National Credit Union Administration (NCUA) defines an investment area per Section 103(16) of the Community Development Banking and Financial Institutions (SDFI) Act of 1994. A complete description of underserved areas can be located in the NCUA Chartering And Field of Membership Manual Chapter 3 Part 3 “Service to Underserved Communities”.Basically an investment area can consist of Empowerment Zones, Enterprise Communities, certain percentage of persons living in poverty, metropolitan area low median family income, high unemployment rate, and areas that meet economic distress criteria established by the Community Development Financial Institutions Fund (CDFI) of the United States Department of the Treasury. A top priority for credit unions should be to identify, market to, and engage with highly profitable members of underserved investment areas. How does the credit union recognize and identify that these households exist in their underserved investment areas? The easiest method to identify highly profitable members in underserved investment areas is that they are very much like highly profitable households in more affluent geographical areas. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Tiger looks to stretch win streak

first_imgJim Furyk is the No. 2 seed and will play Brett Quigley. Third-seeded Adam Scott faces Shaun Micheel, and Phil Mickelson has the No. 4 seed and will play fellow lefty Richard Green of Australia. The most compelling matches feature Ryder Cup teammates – Sergio Garcia against Darren Clarke in one match, Padraig Harrington against Lee Westwood in another. And in a reminder that anything goes in this event, Geoff Ogilvy plays Steve Stricker in a match of past champions who were seeded No. 55 (Ogilvy) and No. 52 (Stricker) when they won. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MARANA, Ariz. – Tiger Woods has compiled some amazing numbers during the longest PGA Tour winning streak in 62 years. He has won those seven tournaments by a combined 22 shots, is 109 under par and has posted 24 of his last 28 rounds in the 60s. The math is much more simple at the Accenture Match Play Championship, which begins today. The 64-man field assembled in the high desert of The Gallery Golf Club represents the best in the world from 17 countries. The only guy Woods cares about today is Ryder Cup teammate J.J. Henry, his first opponent. How fickle is this tournament? Woods won in 2004 during his worst season on tour, when he went through another overhaul of his swing. He was in top form two years earlier, winning the Masters and U.S. Open, yet he couldn’t get past Peter O’Malley in the first round of the Accenture. “You can shoot 65 and lose. You can shoot 73 and win,” Henry said. “You never know what you’re going to get. Of course, I know if I play Tiger and shoot 73, I might as well pack my bags.” Henry is fortunate to even be in the field. He was expecting to be the first alternate until Charl Schwartzel of South Africa decided to withdraw on Sunday and play at home in Telkom PGA Championship on the Sunshine Tour, where he has a chance to win the Order of Merit. center_img To make it eight in a row, he has to win six in a row. “This has always been one of the tougher events to win just because of the nature of the format,” Woods, the No. 1 seed, said. “Match play, anything that happens is unpredictable. Sometimes, it takes a great round to advance. Sometimes, you can shoot over par and advance. All I know is you have to beat one guy at a time. You don’t have to beat a whole field. Just six guys.” last_img read more