continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr There’s nothing like meeting your hero. For some, that might equate to a football player or a musician or maybe a politician—a well-known celebrity type, whose mere physical presence is immediately recognized by all. For a governance geek like me, heroes are fewer and farther in between. But they do exist and, when they do, they rise like giants.Thanks to my good friends at CUES, I met my hero about a month ago on the eve of the 2019 CUES Symposium in the Bahamas: Ram Charan, the world’s leading expert in corporate governance. Along with some members of my team, I explored some of the most pressing concerns of the day with him—challenges that perplex even the most skilled and tenured credit union board members and CEOs.I imagine I’ll be mining the notes from our conversation for quite a time to come, and I look forward to bringing you the fruits of those labors in future blogs. For now, I am pleased to share with you six key responsibilities central for every board outlined by Ram as he spoke to the board chairs and CEOs assembled at the Symposium:
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Federal unemployment assistance during COVID-19 has kept many families (and some say the U.S. economy) afloat throughout the pandemic crisis. While the near-term future of the benefit remains unknown, the extra $600 a week won’t last forever. Credit unions should mobilize now to help unemployed members prepare for, and eventually wade through, the financial disruption of an end to federal assistance.A simple analysis of first-party member data is a good place to start. Through a three-tiered approach, credit unions can build a highly targeted member list that serves as the foundation for efficient and effective member outreach strategies.Tier 1: Direct DepositA quick search for accounts that have received federal unemployment deposits will generate a good starting point for outreach. Some credit unions may even choose to stop here if the list is of manageable size. Others may need to segment the list and prioritize outreach to better identify members most likely to benefit from the credit union’s assistance. Additional segmentation options for consideration are provided in the tier 2 and 3 analysis below. continue reading »
Batesville, In. — Giesting Financial is partnering with Prime Capital Investment Advisors (PCIA) to expand its breadth of services and support to better serve its clients. This move will also better position the Giesting Financial team for future growth.“We have known of Prime Capital Investment Advisors for some time and have been impressed with their leadership team and operational structure. Recognizing the benefits we can provide our clients, agreeing to the partnership was an easy decision,” said Mark Giesting, owner and principal of Giesting Financial. “This partnership will provide us access to PCIA’s robust technology platform and operational structure, including their Investment Advisory Committee. For our advisory clients, this translates to expanded services through Charles Schwab, PCIA’s custodian; access to a broader array of investment solutions; and potential cost savings through the operational efficiencies we gain. Overall, it will allow us to strengthen our client relationships.”The partnership will also allow the firm to offer retirement plan consulting services to area businesses through PCIA’s retirement plans division, Qualified Plan Advisors.“Mark and his team have built a tremendous business based on the same principles we operate under at PCIA – serving clients to help them achieve their life’s ambitions. We could not be more excited to welcome them to our network of advisors,” said Glenn Spencer, CEO of PCIA.This partnership comes on the heels of a recent announcement that Giesting Financial has expanded to open an office in Columbus, Indiana. The firm will retain its current brand to mitigate disruption for its clients.“2018 has been a year of growth for PCIA. We are thrilled that Mark and his team have agreed to join PCIA and leverage our resources to better serve the Indiana market as we continue our plan to build a national brand and serve clients across the country,” said Tim Hakes, president and vice chairman of Prime Capital Investment Advisors.
Bangalore, May 18: Royal Challengers Bangalore kept their playoff hopes alive as Sunrisers Hyderabad’s skipper Kane Williamson (81 off 42) and Manish Pandey’s (62 not-out off 38) blistering knock went in vain in a crucial Indian Premier League (IPL) clash at M. Chinnaswamy Stadium here on Thursday.It was once again Williamson, who along with Pandey forged a crucial partnership to take Hyderabad on the verge of another nail-biting win. However, it was the hosts who clinched the issue by 14 runs to keep their playoff dream alive.Chasing the massive 219-run target, Hyderabad openers Shikhar Dhawan (18) and Alex Hales (37) took their side to a quick start, accumulating 47 runs in the first five overs.However, the decent start was short-lived as Yuzvendra Chahal drew the first blood for the hosts in the sixth over when Dhawan came down the track but chipped back to the bowler.With addition of another 17 runs in Hyderabad’s scorecard, AB de Villiers took a stunning catch at deep midwicket to pack back Hales off a Moeen Ali delivery.Skipper Williamson and Pandey then took the command, taking their side to touch the three-figure mark in 11.3 overs.Meanwhile, the Hyderabad captain slammed his half-century off 28 balls, helping his side inch closer to the target.The duo went on to forge a crucial 135-run partnership for the third wicket, lifting the visitors to 199 runs in 19.1 overs.With 19 needed off the final over, Mohammed Siraj jolted Hyderabad dismissing the visiting skipper to bring back Bangalore in the game.Williamson’s knock was laced with seven fours and five sixes.Pandey and incoming batsman Deepak Hooda could only manage five runs off the final five deliveries as the hosts sealed the match by 14 runs to keep them afloat in the league.For Bangalore, Chahal, Siraj and Ali bagged one wicket each.Earlier, de Villiers and Moeen Ali smacked breezy half centuries to help Bangalore overcome a shaky start and post a mammoth 218/6 against Hyderabad in a must-win tie.De Villiers (69 from 39 balls; 4×12, 6×1) and Moeen (65 from 34; 4×2, 6×6) put on a 107-run third wicket stand to resurrect RCB’s innings which fell apart after the early loss of the opening duo of Parthiv Patel (1) and skipper Virat Kohli (12).Put in to bat, Parthiv failed to take advantage of the dropped chance off the very first ball and departed off the final ball off Sandeep Sharma, caught by Siddharth Kaul at third man.Kohli followed his opening partner soon after adding 32 runs with de Villiers, as the India skipper’s struggle with the spinners continued in this edition of the IPL. The right-hander attempted to slog Rashid Khan’s fuller length delivery hoping for a googly only to find his stumps re-arranged.Struggling at 32/2, de Villiers and Moeen changed the complexion of the innings in no time, with both batsmen trying to outscore each other as it started raining boundaries at the Chinnaswamy Stadium.De Villiers started with two consecutive boundaries off Shakib Al Hasan before sending the other Hyderabad bowlers to the leather hunt, before Moeen joined the party by welcoming rookie pacer Basil Thampi with two consecutive sixes.In no time, the South African veteran brought up his half century in mere 32 balls, when he pulled medium pacer Kaul for a boundary before Moeen, who was dropped on 23 by Dhawan off Sandeep, turned on the heat by meting out some special treatment to Thampi.The English southpaw mercilessly smacked Thampi for a boundary to bring up his maiden IPL half century off just 25 balls before Afghan leg-spinner Rashid came back to break the partnership in a span of three balls.Rashid first saw the back of de Villiers brilliantly caught by Dhawan at deep backward square before packing Moeen one ball later, caught behind by Shreevats Goswami.With both the set batsmen back in the dug out, the visitors sniffed at a smaller total when they packed an in-form Mandeep Singh (4) cheaply.But New Zealander Colin de Grandhomme (40 from 17; 4×1, 6×4) and teenaged Sarfaraz Khan (22 not out from 8; 4×3, 6×1) lit up the stadium with some late order fireworks, to ensure the home side crossed the 200-run mark with a quick-fire 34-run stand.For the tourists, Rashid once again emerged the pick of the bowlers with figures of 3/27, while Siddharth and Sandeep chipped in with two and one wickets, respectively.Brief Scores: Royal Challengers Bangalore 218/6 (AB de Villiers 69, Moeen Ali 65; Rashid Khan 3/27) beat Sunrisers Hyderabad 204/3 (Kane Williamson 81, Manish Pandey 62 not out; Moeen Ali 1/21) by 14 runs. (IANS)