Next big thing part two: ‘100% advocacy engagement 100% of the time’

first_imgThe next big thing for credit unions, says Northwest Credit Union Association President/CEO Troy Stang, is “100% advocacy engagement 100% of the time.”“That’s how we ensure that everyone who wants to have access to not-for-profit cooperative financial services can benefit from the value generated by these cooperatives,” he says.In the second of a three-part series, Stang and five other credit union league executives identify “the next big thing” for credit unions. Part three will be published January 22.“Imagine for a moment that every contributing and engaged member is a voice to protect and advance the credit union movement in an era of rapid technological change,” Stang continues. “In the Northwest we call it a “Five Million Seat Advocacy Strategy.” continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

PPP forgiveness: Choosing the best covered period

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Heather Bosenko Heather started at Lucro in 2013 where she’s done everything from underwriting to developing and launching the CUSO’s digital lending tool. Prior to that, Heather worked in the banking world … Web: https://www.lucro.org Details For borrowers with a potential loan payment looming, it can be tempting to rush into the PPP loan forgiveness process, but making sure your members know how to choose the best covered period could actually help them get more of their loan forgiven. While you’re having discussions with members about these PPP covered periods it’s important to be aware of the advantages of waiting and utilizing the 24-week covered period to maximize their forgiveness.What is the 24-week covered period? The covered period begins on the loan origination date and eligible expenses are then incurred over the following 24 weeks.Some of the advantages of utilizing the 24-week covered period include:Getting the maximum forgivable amount. For a proprietor with no employees or an independent contractor filing a 1040 Schedule C, the maximum loan amount that can be forgiven using an 8-week covered period is $15,385. Choosing a 24-week covered period will allow for a maximum forgivable amount of $20,833.Time to increase staffing and wages. If there were reductions in employee wages there would be a penalty assessed in the forgivable amount if the wages or the number of employees is not restored by the time you apply for forgiveness. By using a 24-week covered period, there is more time to restore these employees before applying for forgiveness.More time to speak with advisors. By choosing the 24-week covered period, borrowers have more time to consult advisors who can help gather the appropriate documentation for forgiveness or even prepare a professional payroll report.Ultimately there is no need to rush. Members have 10-months to apply for forgiveness after the last date of their chosen covered period. The PPP program has been a moving target since the beginning with rules and guidance continuously changing. Waiting to apply could save time and effort as new rules come into place.Although many borrowers are anxious to begin the forgiveness process, it’s crucial that your credit union is ready to respond with accurate information and well-constructed processes. At Lucro Commercial Solutions, we can help you automate the forgiveness application process and keep you up to date as the SBA releases further guidance. We’ll even provide a tool to help you calculate your borrower’s forgiveness amount. If your credit union would like to quickly set up a custom, software-free, online business loan portal to assist with automating and centralizing the collection of applications and documents visit www.Lucro.org/DBLC to learn more or contact Heather Bosenko at [email protected]last_img read more

University implements wellness initiatives

first_imgAlong with these activities, students can contact USC Student Health to request and organize campus workshops that emphasize mental health awareness and well-being. Crisp and Van Orman also acknowledged the impact that recent campus deaths have had on the community, and encouraged those seeking help to reach out to Student Affairs and USC Student Health. “If you’re hurting for any reason, we want to meet with you. Please know that no one has to struggle alone; we are here for you,” they wrote. “Reaching out for support shows a person’s tremendous strength and courage.”  The initiative encourages the community to engage in these efforts to aid in suicide prevention and build a better understanding of mental health issues, the letter read.  The letter also introduced the #BeThe1To campaign as another source of mental health education. Created by the National Suicide Prevention Lifeline, the #BeThe1To campaign is a five-step approach students can use to reach out and assist others contemplating suicide. The campaign stresses interpersonal contact, support of others and connection to external mental health resources. The Office of Student Affairs announced a mental health awareness initiative to provide wellness and self-harm education and prevention methods. The announcement sent to the University community Monday comes at the start of National Suicide Prevention Week. “This is an important time to remember those affected by suicide, raise awareness, and offer hope,” it read. The initiative also incorporates weekly on-campus mental health activities to promote well-being. One of these activities includes Trousdale Outreach and Awareness, a joint effort between Outreach and Mental Health Services and Undergraduate Student Government to provide mental health information and a space for students to connect with others dealing with trauma. The week includes discussions with clinical professionals and  opportunities for students to participate in stress-reduction activities and personal skill-building. The letter was signed by Vice President of Student Affairs Winston Crisp and USC Student Health Chief Health Office Sarah Van Orman.  (Daily Trojan file photo) The letter, signed by Vice President of Student Affairs Winston Crisp and Student Health Chief Health Officer Sarah Van Orman, presents on-campus mental health awareness activities. It comes shortly after two students died by suicide last week and one student died following a vehicle collision during Welcome Week.  “While suicide impacts far too many people, evidence shows that taking steps such as providing support services, talking about suicide, reducing access to means of self-harm, and following up with loved ones works,” the letter read.  Students dealing with mental health concerns can walk in to USC Student Health centers or contact the 24/7 phone line (213) 740-9355 for professional assistance. Faculty and staff members can reach out to the Center for Work and Family Life at (213) 821-0800. Students, faculty and staff members concerned about a fellow Trojan can notify Trojans Care 4 Trojans online or by calling (213) 740-0411.last_img read more

Ghana players get royal audience with Asantehene

first_imgMembers of the Black Stars team will be welcomed to the Palace of the Asantehene, Otumfuo Osei Tutu II in Kumasi on Thursday afternoon.The visit by the team to the Manhyia Palace at 12:00pm will precede their day’s build up for the 2014 FIFA World Cup qualifier against Sudan on Sunday.Kwesi Appiah and his team arrived in the Ashanti Regional capital on Wednesday afternoon to continue with preparations after one workout in Accra the day before.After the meeting with Otumfuo Osei Tutu II, the Black Stars will play a test game on against second-tier side Asokowa Deportivo at the Baba Yara Stadium in Kumasi.The Asantehene, King of the Ashantis is an ardent supporter of the team.last_img read more