The power of Biz Kid$ financial education grants

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Biz Kid$ is a powerful youth financial literacy tool that is available for credit unions through the National Credit Union Foundation.  Biz Kid$ is a financial literacy initiative launched nationally in January 2008 that teaches kids about money and business.The initiative includes an award-winning TV series, free classroom curriculum, outreach activities, and a website ( targeting children 9 – 16 years old.  The number one goal of the Biz Kid$ financial literacy initiative is to teach kids from upper elementary through high school to understand and incorporate the skills they need to successfully manage their financial lives.For the past few years, the Foundation has distributed about $100,000 in grants annualy to credit union organizations provide the tools needed to implement the Biz Kid$ program into communities and encourage kids to save and manage their money. One goal of the Foundation’s Biz Kid$ Financial Education Grants is to extend the reach of the series beyond broadcast into the community. This is the fourth year these grants are distributed, and so far the results have been amazing. continue reading »last_img read more

CFPB finalizes remittance rule raising threshold to 500

first_imgThe Consumer Financial Protection Bureau (CFPB) issued its final rule on remittancesMonday, which comes after strong CUNA engagement with the CFPB to finalize the rule. The rule raises the “normal course of business threshold” to 500 remittance transfers per year, up from the current 100.“The CFPB’s final remittances rule will help credit union members access safe and affordable remittance services from their credit union. We appreciate the CFPB for having given consideration to the concerns we expressed during the rulemaking process and making changes to the final rule. While we continue to believe an even higher exemption threshold is appropriate, this rule should result in more options for consumers which is always important, but even more so during the COVID-19 pandemic,” said CUNA President/CEO Jim Nussle.The final rule also includes a provision allowing depositories to continue providing estimates of exchange rates and certain fees in certain circumstances, language designed to mitigate the expiration of a statutory safe harbor involving fee estimates later this year. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Barcelona send warning to Arsenal over Samuel Umtiti transfer

first_imgBarcelona send warning to Arsenal over Samuel Umtiti transfer Advertisement Umtiti will stay at Barca, according to the club’s president (Getty Images)‘Now he has to recover from his injury as we want to have him in the best form possible.AdvertisementAdvertisement‘Having Umtiti and [Clement] Lenglet on the left [side of central defence] is a guarantee and I would like him to continue.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityOusmane Dembele has also been previously linked with a move to Arsenal but Bartomeu now considers the 21-year-old better than Neymar.‘It’s not possible for Neymar to come to Barcelona as we have another sporting project with Dembele and [Philippe] Coutinho,’ said Bartomeu.‘We are happy with what we have, as Dembele is better than Neymar and he is a good professional player.‘He is a young guy who arrived at a huge club and that’s not easy, but he has adapted and he is much better than Neymar.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Samuel Umtiti is on Arsenal’s radar (Getty Images)Barcelona president Josep Maria Bartomeu has told Arsenal that they do not plan to sell Samuel Umtiti this summer.Reports last month claimed that the Gunners have opened talks with the Spanish champions to discuss a potential deal for the France international.Unai Emery has also made it clear that he would be interested in a deal for Umtiti by claiming that the 25-year-old is a ‘very good player’ in an interview with French television earlier this month.But Bartomeu is adamant that Barca are planning to keep Umtiti.ADVERTISEMENT‘He renewed him before the World Cup, he has four years left on his contract and there is no Umtiti issue,’ Bartomeu told TVE. Metro Sport ReporterTuesday 16 Apr 2019 12:50 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Comment Advertisementlast_img read more

LAPFF trades blows with EU accounting adviser in IFRS 9 row

first_imgThe LAPFF first contacted the European Commission about the issue on 23 September.The local authority pension funds body warned that the EU Commission could in future face legal action were IFRS 9 to be endorsed.In that letter, the LAPFF also warned that, were the Commission to endorse IFRS 9, it could face a legal challenge through the courts.Despite the opposition to IFRS 9 from the LAPFF and other long-term investor interests in the UK, not all shareholder interest groups are opposed to IFRS 9.Eumedion, a corporate-governance lobbying forum, has lobbied both the European Commission and the European Parliament’s economic affairs committee in support of adoption.In a 30 November letter, obtained by IPE, Eumedion argued that any delay in clearing IFRS 9 “would increase the risk” that banks and insurance companies would be unable to convince investors to stump up fresh capital during any subsequent crisis.The LAPFF’s position on IFRS 9 endorsement is that Article 3(2) of the IAS Regulation 2002 requires IFRSs to comply with Article 4(3) of the Accounting Directive (2013/34/EU).Within Article 4(3), the LAPFF points to the requirement for accounts to “give a true and fair view of the undertaking’s assets, liabilities, financial position and profit or loss”.The true and fair view notion is at the heart of the argument the LAPFF and other investors have about IFRS accounts.They claim IFRS is defective and fails to meet this requirement.This shortcoming, they argue, caused what appeared to be well-capitalised banks with apparently healthy balance sheets to implode during the financial crisis.These investor groups point to current IFRS financial-instruments literature, together with the use of mark-to-model fair values, as one reason why IFRS fails to meet the true and fair criteria.They also complain about the lack of accounting prudence in the IASB’s conceptual framework.The IASB has responded to these and other criticisms with a project to replace its current financial-instruments standard with IFRS 9, Financial Instruments.It has also unveiled plans to reintroduce the concept of prudence to its conceptual framework.Meanwhile, in a separate development, the EFRAG hit back at the charge its IFRS 9 endorsement advice was legally flawed in a further letter to the Commission.In that letter, the EFRAG agreed with the LAPFF that Article 4(3) of the Accounting Directive refers to specific numbers in the accounts.However, the EFRAG went on to argue that this requirement must be read alongside Recital 9 of the IAS Regulation.In its latest response to this claim, the EFRAG said the EU should consider the true and fair view requirement “in the light of the said Council Directives without implying a strict conformity with each and every provision of this Directive”.The EFRAG added it had “concluded that IFRS 9 is not contrary to the true and fair principle”.An LAPFF spokesperson told IPE: “Recital 9 [of the IAS Regulation] is not undermining the core purpose of accounts per the Accounting Directive set out in Recital 3, which is member and creditor protection.“Quite the opposite, in fact. Recital 9 is allowing for the dropping of those things that are not essential in the light of that core purpose.”The statement concluded: “The EFRAG’s reading is back to front and wholly arbitrary because it drops the essential purpose and falls back onto extraneous matters instead. The EFRAG has no power to change the very purpose of legislation.”The row over prudence in accounting, the true and fair view requirement and, latterly, IFRS 9 has dominated the landscape between audit watchdog the Financial Reporting Council (FRC) and some investor parties.The increasingly bitter war of words between the FRC and these investors has seen both sides take specialist legal advice on the issues of prudence and the true and fair view in a bid to gain the initiative.Alongside its analysis of the legal test for adopting a new IFRS, the EFRAG said insurance industry concerns were insufficient reason to delay the adoption of IFRS 9.The IASB’s work on insurance liability accounting has yet to come to an end. In February 2014, the board voted to fix IFRS 9’s effective date at 1 January 2018.This move means insurers must apply the new insurance standard several years after they have applied IFRS 9 – even though the two standards are supposed to complement each other.The EFRAG said in its 1 December letter to the Commission that the benefits of applying IFRS 9 from 2018 outweighed any hardship the insurance sector might face.The advisers wrote: “[We] concluded that the efforts necessary to support financial statements presenting a true and fair view would not, in all circumstances, lead to an acceptable cost-benefit trade-off.” The war of words between the Local Authority Pension Fund Forum (LAPFF) and the European Union’s advisory body on accounting matters, the European Financial Reporting Advisory Group (EFRAG), shows no sign of letting up.In the latest development in the battle over the endorsement of the International Accounting Standards Board’s new financial instruments accounting literature, the LAPFF and the EFRAG have written to the EU’s internal market commissioner, Jonathan Hill, to clarify their position on IFRS 9.The LAPFF argued that the EFRAG process “is defective because it has used the wrong endorsement criteria”.The EFRAG, meanwhile, insisted its reading of the law was correct.last_img read more

Batesville Battles Brookville In Legion Baseball

first_imgBatesville at Post 77 Brookville, 6/18/15.(Played just 6 innings due to rain)Batesville Post-271 300 011.   5 7 1Brookville Post 77-215 00x.   8 3 2For Batesville:Wyatt Schebler 1-1, 2 runs, 3 bb, sbLeo Enneking 1-3, run,Taylor Kopplin 1-3, run, bb, sbBrandt Ricketts 2-2, rbi, doubleKyle Siefert 0-0, run, bbMatt Kuebel 2-3, double, rbiBaker Howard 0-3, rbiLeo Enneking pitched 2 inningsBrandt Ricketts pitched 1 inning and took the lossWyatt Schebler pitched 2 inningsPost 271 record: 0-4Next game: Sunday, June 21 vs. Muncie American Legion.Courtesy of Batesville Legion Coach Doug Behlmer.last_img

Franklin County Auditor transforms to better comply

first_imgBy Nyttend [Public domain], from Wikimedia CommonsBrookville, In. — A report from the Franklin County Observer says new Franklin County Auditor has made changes to help the county comply with state regulations.Since January 2017, Bauman has been presenting claims for payment of social security and other withholding from employees’ paychecks. She explained the procedure should have been in place for the last 20-years. Bauman has also implemented new procedures and forms to track county-owned capital assets. However, commissioners tabled action on the issue because of pending changes to the depreciation schedules.In an unrelated issue, Bauman is working commissioners to properly define the difference between an improvement, renovation and repair and how to correctly determine the value of government buildings.Bauman was named auditor after embattled incumbent, Stephen Brack was arrested for felony theft charges.last_img read more

Aubameyang delivers his contract demands to Arsenal

first_img Aubameyang hit a brace in Arsenal’s victory over Norwich this week and has scored 22 goals in 36 games across all competitions this season. read also:Aubameyang Demands £250k-A-Week To Remain At Arsenal The Gabon international currently earns around £200,000-a-week, although his contract contains various add-ons. Aubameyang’s next contract is likely to be his last major deal and he is determined to benefit as much he can financially. FacebookTwitterWhatsAppEmail分享 Loading… Pierre-Emerick Aubameyang has delivered his personal demands to Arsenal in new contract talks. Aubameyang has less than a year remaining on his current contract, and head coach Mikel Arteta this week expressed hope that the 31-year-old will stay at the club. ESPN says he is demanding a three-year contract and wages of around £250,000-a-week to stay at the club.Advertisement Promoted ContentThe Models Of Paintings Whom The Artists Were Madly In Love WithYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeWho Is The Most Powerful Woman On Earth?Which Country Is The Most Romantic In The World?9 Facts You Should Know Before Getting A Tattoo11 Most Immersive Game To Play On Your Table TopBirds Enjoy Living In A Gallery Space Created For ThemTop 10 Most Romantic Nations In The WorldA Hurricane Can Be As Powerful As 10 Atomic BombsBest Car Manufacturers In The WorldMost Outstanding Female Racers Who Made History In Sports7 Black Hole Facts That Will Change Your View Of The Universelast_img read more

McDaniel visits Antioch, takes home Modified trophy

first_imgANTIOCH, Calif. (June 14) – Visitor Ryan McDaniel took the checkered flag Saturday at Antioch Speedway, ending hometown ace Michael Salazar’s hope of a repeat victory in the IMCA Xtreme Motor Sports Modified main event. “I knew he would be the guy to beat tonight,” Salazar said after the feature. “Ryan is one of the top drivers in the division, and he runs well here every time he visits.” Salazar saw McDaniel blast by him early in the event. Restarts afforded opportunities for Salazar to challenge the leader but McDaniel soon walked away. With just two laps to go, Randy Brown snatched second place after a duel with Salazar. “The track had bottom, middle and top grooves tonight – it was great,” McDaniel said after his runaway victory. “Once I discovered I could run up top, I was able to get more straightaway speed and break away from the pack.” Brown, who was gaining speed as the race wore on, emerged as a contender. Carl Berendsen and Dan Gonderman brought home fourth and fifth place, respectively. Freddi Ryland was unstoppable as he won the Karl Chevrolet Northern SportMod feature. Adrianne DeSousa worked her way to the top, challenging Ryland late in the race. “Single file restarts late in the race helped me,” Ryland said. “The new car was better this week. We made some adjustments.” DeSousa, who had never raced a SportMod at Antioch Speedway before, was impressive in her run on Ryland. “The track is super slick. I wasn’t used to it,” she explained in victory lane. “I actually had to slow myself down to get around it faster.”Jeremy Hoff repaired damages from a heat race crash to come back and finish third. Al Sotomayor was fourth, with Merced Speedway standout Rick Diaz finishing fifth in his initial Antioch Speedway appearance.last_img read more

Super Falcons’ star joins Roma

first_imgRelatedPosts Oshoala visits Lagos Oba Branislav Ivanovic joins West Brom Ex-Falcons, Golden Eaglets coach dies in Osun Osinachi Ohale has joined Serie A Women’s League outfit AS Roma on a one-year deal for an undisclosed fee.The Nigeria international parted ways with Spanish side CD Tacon, now renamed Real Madrid, last month after the expiration of her contract with the Primera Iberdrola outfit. On joining CD Tacon from Swedish side Vaxjo last September, she made 15 appearances, scoring twice for David Aznar’s side before the Spanish league’s coronavirus cancellation.For her two goals, the first came in Tacon’s 5-1 thrashing of Toni Payne’s Sevilla on January 4 and the second in a 4-3 win over rivals Madrid CFF in a local derby in the capital four weeks later.Following her announcement, Ohale becomes the latest Nigerian to join an Italian outfit and also the club’s third signing this summer after Spain’s Paloma Lazaro and Italy’s Rachele Baldi.Reacting to her historic move, Ohale told the club website: “I chose Roma because of so many things; so many amazing things about the club, about this city and this country that interested me.“I felt like it would be a great thing for me, to explore and to experience new things and a new challenge.” At club level, the 28-year-old starred at Delta Queens and Rivers Angels in Nigeria before her first contract abroad with Houston Dash in the United States, and she later moved to Sweden for stints with Vittsjo and Vaxjo.The defender, who has 26 international appearances for Nigeria, has won four African Women’s Cup of Nations titles and featured at three Fifa Women’s World Cups with the Super Falcons.Having joined the Giallorosse, Ohale will hope to make a fine debut in Italy when Roma open their league campaign in  September.Tags: AS RomaOsinachi OhalePlayer SigningSerie A Women’s LeagueSuper Falconslast_img read more

Ref blunder as Gunners hit for six

first_img Mourinho made his “failure” barb – referring to Wenger’s eight-year trophy drought – after the Frenchman suggested anyone playing down their team’s title chances was doing so for fear of falling short. It ended the truce which had broken out in Mourinho’s absence from the Premier League and, ahead of their third meeting of the season, Mourinho stopped short of joining those paying tribute to Wenger ahead of his landmark match. Wenger’s 500th game was a loss to Chelsea in August 2006 and there were warnings in the opening skirmishes of a repeat as Schurrle and Eto’o exposed gaping holes in the Gunners defence. Petr Cech was at full stretch to turn away an Olivier Giroud effort before a direct run from Schurrle led to the opening goal. Schurrle fed Eto’o, who turned Oxlade-Chamberlain outside and then in before curling left-footed across Wojciech Szczesny for his 11th goal of the season, all of which have come at home. Soon after it was two after Nemanja Matic dispossessed Tomas Rosicky and found Schurrle, whose shot through three bodies found the corner of the net. After the 6-3 loss at the Etihad Stadium and 5-1 defeat at Anfield, the sinking feeling on a Saturday lunchtime was familiar for the Gunners. Worse was to follow when Hazard’s shot beat Szczesny and Oxlade-Chamberlain dived to his left to handle the shot, which was going wide. Marriner awarded a penalty and thought the offender was Gibbs, seemingly refusing to be persuaded otherwise by Oxlade-Chamberlain, and Hazard converted the spot-kick after the mayhem had subsided. Thomas Vermaelen went on for Lukas Podolski, but the Gunners leaked a fourth three minutes before half-time when Fernando Torres, on for the injured Eto’o, crossed for Oscar to tap in. Oxlade-Chamberlain and Laurent Koscielny did not reappear for the second half as Wenger made two further substitutions in an effort to stop the rot. Torres had a mazy run halted by Per Mertesacker and the ball broke for David Luiz, whose shot was saved by Szczesny, while there was a rare Arsenal attack which saw Santi Cazorla flash a shot across goal after 60 minutes. Arsenal’s miserable afternoon continued when the defence backed off and allowed Oscar to shoot from the edge of the area, with Szczesny less than convincing in being beaten for a fifth time. Salah replaced Oscar and soon after netted under Szczesny after racing on to Matic’s lofted pass, completing the rout. Press Association There was a bizarre case of mistaken identity as Arsenal embarrassingly capitulated in Arsene Wenger’s 1,000th match in charge in a 6-0 loss to Barclays Premier League leaders Chelsea. Wenger was last month called “a specialist in failure” by Jose Mourinho and remains without a victory in 11 attempts against his nemesis after a spectacular implosion and an horrendous mistake by referee Andre Marriner. The Frenchman watched on helplessly after two goals in three first-half minutes from Samuel Eto’o and Andre Schurrle gave Chelsea a handsome lead inside the first 10 minutes before Marriner sent off Kieran Gibbs for a handball committed by Alex Oxlade-Chamberlain. Eden Hazard’s shot was handled in the area and, despite Oxlade-Chamberlain appearing to approach the official to admit wrongdoing, Gibbs was shown a red card in a decision which continues the debate over the use of television replays. Hazard converted the penalty to give the Blues a 3-0 advantage after 17 minutes as once against the Gunners imploded at the home of a title rival following the heavy losses at Manchester City and Liverpool. Oscar added a fourth before the interval, a fifth after 66 minutes and his replacement Mohamed Salah struck his first Chelsea goal as the Blues responded from the controversial loss at Aston Villa in emphatic fashion. Stamford Bridge revelled in the success, roaring “Arsene Wenger, we want you to stay” and “specialist in failure”. Marriner has previous at Stamford Bridge this season, awarding Chelsea a controversial last-gasp penalty against West Brom in November when it appeared Ramires dived. Hazard scored on that occasion to earn a draw in a result which preserved Mourinho’s unbeaten Premier League record at home, which now stands at 76 matches. The only saving grace on this occasion was that the decision did not appear to impact on the result and it is likely that Oxlade-Chamberlain will serve the suspension if Arsenal appeal or the Football Association intervene. With eight games remaining, Chelsea top the standings having played more matches than their three rivals, but Wenger’s title chance seems to have slipped and regaining the FA Cup won in 2005 appears to be the Gunners’ only opportunity of ending their silverware search. last_img read more