Feast Against Famine raises $28,000 for Chittenden Emergency Food Shelf

first_imgNorthfield Savings Bank,Over 250 people attended the “Feast Against Famine” at the Doubletree Hotel in South Burlington. The St. Patrick’s Day themed event raised $28,000 for the Chittenden Emergency Food Shelf. Major sponsors of the event included Northfield Savings Bank, O’Brien Brothers, F&M Development, Chittenden Bank and MicroBrightField. Northfield Savings Bank employees Kathy LaCross, Tracy Davis, Mary Gleason, Joel Dube´, Roger Pinan and Joe Feltz along with new committee members Kathy Fortin and Kathy Davis created the event three years ago and have worked tirelessly to ensure the event’s success.The Chittenden Emergency Food Shelf is the largest food shelf in Vermont and serves over 10,000 people a year. Started in 1974, the Food Shelf operates four programs: Hot Meals, Grocery Distribution, Homebound Grocery Delivery and Project Angel Food. These programs are administered with the help of a 400+ strong volunteer pool.Source: Northfield Savings Bank March 19, 2009last_img read more

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It’s time to tune up your credit union reward checking product

first_imgThere’s an old bumper sticker that was seen often in Texas in the mid-80’s after the oil boom and bust: “God, please give us another boom, we promise not to waste it this time”.This reminds me of when you could get 6.01% APY on your checking account just for swiping your debit card. Those were the Good Old Days (circa 2006) when Fed Funds were 5.25%, average (not exceptional) return on equity was 13%, spreads of 3% or more on loans were common, and even small mortgage departments were printing money. The financial industry’s demand for raw material in the form of deposits was massive. At the time, one innovative solution for credit unions to compete with global scale financial supermarkets was to market a checking product that offset high interest rates with requirements that drove interchange income and alternative delivery channel adoption.Unfortunately, the gears of finance ground to a halt shortly after these “Rewards Checking” accounts became commonplace and rates plummeted. Credit unions faced a dilemma — deposits were less valuable but members liked the above market rates. Killing a reward product would be a tough sell to a credit union’s stakeholders, and with higher rates “just around the corner” most credit unions continued their programs to keep relationships from walking down the street. Members were conditioned to expect high rates.Now, we face a future filled with the three “knows”: 1) things that we think we know (next move in rates is up), 2) things we know that we don’t know (when the next move in rates comes), and 3) things that we don’t know that we don’t know (external factors that will change what we think we know). So how does reward checking fit into this construct? Well, we think we know rates are going up so, by extension, the expectation is that rewards checking rates will just rise in tandem (hopefully more slowly than rates on loans rise). But what if there is another factor at play?According to the Federal Reserve, time deposits have been cut in half over the past five years. A material amount of these deposits have flowed into rate sensitive, liquid products like MMDA, savings and interest reward checking accounts. However, demand for term products hasn’t changed; it is just being masked by the current rate environment, and that puts credit unions with rate sensitive products, like interest reward checking, in a dill of a pickle. Do you risk a bet that market rates for deposits will rise slower than rates on your loan portfolio (the “hope” strategy)? Do you risk a bet that an irrational competitor won’t come into market with a higher rate rewards account (the “prayer” strategy)? Or do you take a less theological approach and build products that give you the flexibility to meet any challenges that come (the “tune up” strategy)?The tune up strategy starts with the understanding that giving members the ability to bank how they want is the best acquisition and retention play available. If a member wants to keep the bulk of their day-to-day account funds in a checking account with separate savings accounts for each savings goal, let them and reward them for it. Building flexibility into your accounts, like rewarding based on relationship rather than just transactions, will help retain valuable members who drive a material amount of franchise value. This “relationship pricing” component of the product allows members to receive rewards without changing the way they bank. Better yet, building a reward structure that is non-interest bearing (using tiered cash rewards) will further reduce interest rate sensitivity and deposit beta. Summed up, relationship pricing on deposit accounts reduces friction and pain points for the member, and adds a competitive differentiator for your institution.Restructuring a rewards product set is different than just converting free checking to a fee for service model. This is not a decision to be taken lightly or something that lends itself to cookie-cutter products. Each credit union has its specific needs and goals, requiring flexible solutions that can meet their particular requirements. If your credit union doesn’t have expertise in this area, you need to build it or buy it. Deposit products will be a focus of management, regulators and members in the near future. Prepare for it now, or risk losing members down the road. Are your checking products ready for a tune-up? 25SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dan Moultrie Dan Moultrie spent nearly 10 years in roles ranging from operations to product to sales for both retail and commercial lines of business.  He brings his banker’s experience to … Web: saylent.com Detailslast_img read more

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Pigs and people in China continue to fall ill from puzzling disease

first_img Symptoms of the disease in humans include early flu-like symptoms of fever, nausea, and vomiting, followed by dizziness, confusion, difficulty breathing, weak and rapid pulse, bleeding under the skin, and in some cases coma and/or organ failure, says another Standard story. The disease course in the current cases is distinctive in that patients are dying very quickly after onset of the infection, in some cases within 2 hours, according to numerous reports. Aug 3 WHO statement http://www.who.int/csr/don/2005_08_03/en/index.html See also: Vaccines for swine are reportedly being manufactured in large quantities. No vaccine for humans is yet available. The Chinese government listed S suis as a notifiable disease earlier this week, meaning that doctors encountering patients with suggestive symptoms are required to report them to the government. The causal agent of the illnesses, considered by most experts to be Streptococcus suis, has killed 644 pigs in the southwestern Sichuan province, according to a Reuters story today. One case has also been reported in Guandong province; whether that case is associated with the large Sichuan outbreak has not been determined. Hong Kong has had two cases that coincide with the Sichuan cases, but no association has been confirmed for those either. Aug 5, 2005 (CIDRAP News) – Reports from China today put the number of human cases of the baffling disease spreading through pigs in several areas at high as 212, with some 134 people still hospitalized and at least 14 considered critical. The number of deaths so far stands at 38. Almost all of the people infected are farmers who had close contact with infected animals during slaughter. People can catch the animal-borne disease only when wounds or scratches come into direct contact with an infected animal or when they eat uncooked or undercooked meat from an infected animal. Strict regulations aimed at containing the outbreak have been issued. Exports of pork products from Sichuan were halted last week. Rural farmers are asked to practice strict hygiene and are required to not slaughter, sell, or eat any pigs dying of the disease, according to the Chinese news agency Xinhua. Officials and farmers who fail to obey will be “punished severely by law,” says an Associated Press (AP) story quoting the Chinese commerce ministry. Three officials have reportedly already been dismissed because of failure to enforce the new rules. In Hong Kong, says a story in the Chinese business newspaper The Standard, infected pigs are to be buried in designated areas and then only after applying disinfectant to the carcass and wrapping or bagging it. Some farmers are reportedly refusing to comply. In Vietnam, the government has ordered an immediate halt to the import of pork products or live pigs from affected areas of China, according to Thanh Nien News. China is the world’s largest pork producer, and the Sichuan province is the largest producer in the nation. The severe symptoms and rapid disease course are puzzling to expert observers, who are questioning whether some other factor may be at play, such as existence of a new, more virulent strain of S suis, coinfection with another agent, or another cause altogether. The World Health Organization (WHO), UN Food and Agriculture Organization (FAO), and World Organization for Animal Health (OIE) are all urging China to conduct more tests and/or seek outside help to clarify the situation. WHO fact sheet on S suis, published Aug 2 http://www.wpro.who.int/mediacentre/factsheets/fs_20050802/en/index.htmllast_img read more

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The house that Karmichael Hunt built has been put up for auction

first_imgWallabies player Karmichael Hunt passes the ball during a team training session. Picture: AAP Image/Dave Hunt.A LUXURY suburban home that cross code rugby star Karmichael Hunt built has been put up for auction.He had the four bedroom, two bathroom house at 31 Barossa Place, Calamvale, built in 2007 when he was still starring with the Brisbane Broncos and both a State of Origin star for Queensland and in the Kangaroos. Hunt is currently on a European tour with the national rugby team, the Wallabies and plays for the Queensland Reds in the Super 15. The pool and barbecue are easily accessed off the open plan living zone.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by There is a study area off the main hallway. A couple of dozen laps in the morning might have been routine.He had bought the block of land for $260,000 and went all out to put in a contemporary home which he listed last year as being “designed to take advantage of a subtropical climate”.It included open plan living that overlooked the pool “ensuring water activities can be easily supervised” and a covered patio with “enough room for barbecuing, dining and entertaining” plus a built-in TV and ducted sound to watch all the games he liked with mates. It also had a complete theatre room and entertainer’s kitchen. Perfect spot to catch every episode of Star Trek Discovery. The privacy panels were added later. The home goes to auction next Saturday November 25 at 10:30am.The person who bought the home off home paid $815,000 in May last year, and has since relisted it for auction at 10.30am next Saturday (November 25).Current agent Joel Stephan of LJ Hooker described it as being “originally built with a family in mind”.The furnishings have been updated a bit, with new screens around the pool area and the home has recently had a 10,000L rainwater tank added underground with a pump to ensure it was the “greenest yard in the street”.The home is 1km to Sunnybank Hills Shoppingtown and Calamvale Central, according to the new listing, and was built in 2007 by Adenbrook Homes on a 705sq m block of land.last_img read more

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$5 could buy you this Gold Coast view

first_imgThis two-bedroom Southport apartment is part of a trifecta RSL Prize Home draw.A GOLD Coast luxury apartment is part of a massive prize home giveaway.The two-bedroom unit in Meriton Southport is one of three apartments in the RSL Art Union’s latest multi-prize. The rooftop pool in Southport.The prize also includes $300,000 in gold bullion and a $2000 travel voucher.“If you wanted to be extravagant you could even cash in the gold to hire a chopper and fly between them if you can’t choose.”The apartments also come with $158,000 of furniture and electrical appliances and access to the hotel’s facilities. “The winner of our trifecta will have beautiful holiday destinations at their disposal, or they could choose to live in one apartment and rent out the others,” Ms Bishop said.“The two-bedroom Southport apartment is right on the doorstep of the Gold Coast Commonwealth Games so it’s a great rental option.”The total annual rental return on all three apartments is estimated at more than $104,000. It has three bedrooms.Tickets for this prize are only $5 and can be purchased at rslartunion.com.auThe draw closes at 6pm on Saturday 10 March and will be drawn at 10am on Wednesday 14 March.The most recent winners of the RSL Art Union prize home draw were grandparents who won an entire apartment block worth $4.1 million in Palm Beach. The view from the Brisbane apartment.RSL Art Union gives away up to $29 million in prizes each year, with all proceeds going directly to support current and ex-servicemen and women by providing services such as crisis accommodation, advocacy and welfare services, financial support and rehabilitation. The trifecta prize is worth $2.3 million.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour ago02:37International architect Desmond Brooks selling luxury beach villa20 hours ago The Sunshine Coast prize home is at Kawana Island. RSL Prize home including Southport unitThe $2.3 million triple-treat first prize includes the Southport apartment, a Brisbane apartment on the 59th floor of a CBD complex with city and river views, and a three-bedroom unit on the Sunshine Coast with a private rooftop terrace.“Whether you want to relax and unwind on the Sunshine Coast, enjoy the glitz and glamour of the Gold Coast, or take a city break in Brisbane, you can do it all in these luxurious apartments,” said RSL Art Union General Manager Tracey Bishop.last_img read more

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DAIC calls on Dominicans to make better use of banana products

first_img Share Share Share 14 Views   no discussions Photo credit: daic.dmThe Dominica Association of industry and Commerce is calling on Dominica to make better use of its banana products.Executive Director of the DAIC Archille Joseph said focus should not be on only the primary use of the product.“We need to figure out ways we can go into some processing of bananas. How can we add value to bananas by changing a banana to chips, flour, baby formula…bananas can be used to make a hundred different products,” he said.Joseph said while there may not be a reliable cheap market to sell fresh produce, “we need to add value to a green or a ripe banana by turning it into something,” he said. Dominica Vibes Newscenter_img LocalNews DAIC calls on Dominicans to make better use of banana products by: – July 7, 2011 Tweet Sharing is caring!last_img read more

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Lee County kicks off holiday weekend with Thursday show

first_imgDONNELLSON, Iowa – Lee County Speedway gets a jump on the upcoming holiday with its Thursday, May 22 Memorial Day Weekend Kickoff.IMCA Xtreme Motor Sports Modifieds race for $500 to win, IMCA Sunoco Stock Cars and Karl Chevrolet Northern SportMods for $400, IMCA Sunoco Hobby Stocks for $250 and Mach-1 Sport Compacts for $150.IMCA Speedway Motors Weekly Racing National, regional, Allstar Performance State and local track points will be awarded for the draw/redraw show.Pit gates open at 5 p.m., hot laps are at 7 p.m. and racing starts at 7:30 p.m. There are no entry fees and pit passes are $25 for adults, $15 for students ages 7-15 and $10 for kids six and under. Grandstand admission is $10 for adults, $5 for students ages 11-17 and free for kids 10 and under. More information is available from promoter Mike Van Genderen at 641 521-0330 and at the www.leecountyspeedway.com website.The special is sponsored by Culligan of Burlington.last_img read more

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Naked Teen Triple Murder Suspect Arrested After Trying to Flee Police

first_imgThere’s always a Florida connection: Matthew Bernard is a Virginia man accused of killing his mother, sister and 1-year-old nephew at his home in rural Pittsylvania County, authorities say. He was apprehended running around naked outside. The victims include 24-year-old Emily Bernard Bivens and Cullen Bivens, the wife and son of Tampa Bay Rays pitching prospect Blake Bivens. Bernard’s 62-year-old mother, Joan Bernard, was also killed. The 19-year-old Bernard was taken into custody by police while running naked through Keeling, Virginia, hours after the murders. He has since been booked into a local jail, authorities said.vmargineanu/iStock(KEELING, Va.) — A teenage suspect in a triple murder in Virginia was taken into custody after fleeing from authorities while naked.Matthew Bernard, 18, of Keeling, Virginia, was arrested on three counts of first-degree murder on Tuesday afternoon, according to the Pittsylvania County Sheriff’s Office. He is believed to have shot and killed three relatives at a home in Keeling, an unincorporated area near Virginia’s southern border with North Carolina.While responding to a 911 call about someone being shot on Tuesday morning, deputies found the body of one of the victims, a woman, in the driveway of the residence, while the two other victims — a child and a second woman — were found dead inside the home, the sheriff’s office said.The bodies were taken to the Roanoke office of Virginia’s medical examiner for autopsies to determine the cause and manner of death. The victims’ names will be released once family members have been notified, according to the sheriff’s office.Danville Community College in Danville, Virginia, was under lock-down Tuesday as a “precautionary” measure after Bernard, who was a student there, was identified as the suspect at-large in the slayings, according to the Danville Police Department. He was said to be armed and dangerous.ABC affiliate WSET-TV of Lynchburg, Virginia, was in a media staging area at the scene in Keeling that afternoon when suddenly Bernard, who wasn’t wearing any clothes, ran out from a nearby wooded area and attacked a church groundskeeper then took off again. Authorities chased Bernard down the street and were able to apprehend the teen, who was taken to a local hospital for treatment, according to WSET.The investigation is ongoing, and Bernard’s first court appearance has not yet been scheduled, according to the sheriff’s office. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

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ICC defers decision on T20 WC & other matters till June 10

first_imgDubai: The International Cricket Council (ICC) Board met via teleconference on Thursday with all agenda items deferred until June 10 following a discussion, led by Chairman Shashank Manohar, around the issue of confidentiality. After months of uncertainty, the International Cricket Council (ICC) was expected to finally decide on the fate of the men’s 2020 World T20 in Australia with an eye on the COVID-19 pandemic on Thursday. The flagship event was slated to be held in Australia from October 18 to November 15. The ICC in its release said: “A number of board members had raised their concerns over this issue recently and felt it required immediate attention to ensure the sanctity and confidentiality of board matters in line with the highest standards of governance. “There was unanimous agreement to immediately initiate an independent investigation led by the ICC’s Ethics Officer and supported by global experts. The board will be updated on this by the ICC CEO at its next meeting on 10 June 2020. “The Board also requested the ICC management continue with their discussions with stakeholders in exploring various contingency options in light of the rapidly changing public health situation caused by the COVID 19 virus.” IANS Also watch: Flash floods hit Assam! Here are some scenes of the devastationlast_img read more

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Kante Urges Chelsea to Bounce Back

first_img“We are not thinking about making another long run, we just need to win the next game and make sure we come back strongly. We will see now. I think we are a good team and we must show good character for the next game to make sure we win.“It’s important for the confidence and to keep our advantage in the league. We must fight to stay at the top. We must stay in front for as long as possible.”Chelsea host third-tier side Peterborough United in the third round of the FA Cup on Sunday before a trip to face league champions Leicester City six days later.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Midfielder N’Golo Kante has said he hoped Chelsea would make a swift return to winning ways after their record-equalling 13-game winning streak in the Premier League came to an end in Wednesday’s 2-0 loss at Tottenham Hotspur.Despite the deflating defeat by their London rivals at White Hart Lane, Chelsea still hold a comfortable five-point cushion at the top of the table after 20 games but Kante said it was vital that Chelsea won their next game to regain momentum.“We have to show character now, focus on the next game. We lost, we have to accept that and to come back stronger, with strong character and with a desire to win. It’s game after game now,” the 25-year-old Frenchman told British media.last_img read more

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