What do credit unions have that banks don’t?

first_imgOne thing banks don’t have that credit unions do have: cooperation among themselves. It’s a huge competitive advantage that has greatly benefited credit unions and their members.Credit unions work together, hence the co-op philosophy they were founded on. Credit unions exemplify this best by shared branching.Banks on the other hand, compete with one another. You can’t visit a bank that’s not your own without facing fees. That’s because banks aren’t working with one another! They’re in competition with one another.An example of shared banking includes West Virginia Central Credit Union, OCUL Service Corp,  and Telbec Federal Credit Union. In sum, West VA Central CU membership is located in a city (Beckley, WV) where they didn’t have a physical branch location. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Govt kicks off ‘Coffee Week’ to market regional beans

first_imgTopics : “I sincerely hope that our trade representatives in Europe will give serious attention to Indonesian GI products, including Gayo arabica coffee, so that these and other products can penetrate the global market,” said Trade Minister Agus Suparmanto during a press briefing on Monday, adding that GI was an important means of increasing exports through branding and marketing.Indonesia and the EU already have an agreement to promote Gayo coffee through the ASEAN Regional Integration Support by the EU (ARISE) Plus program. The program has some 15 million euros (US$17.5 million) in funding and will last until 2023.Indonesia, the world’s fourth-largest coffee producer, exported $883.1 million worth of coffee last year, a 7.9 percent increase from 2018, according to the United Nations International Trade Statistics Database (UN Comtrade).This year, the pandemic has battered the global demand, leading Indonesian exports to fall 8.34 percent annually in August and nosedive by 4.62 percent from July, according to Statistics Indonesia (BPS) data. At the same time, shipments of agricultural products rose 1.04 percent year-on-year to $340 million.Agus said he hoped the finalization of the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA), Indonesia’s largest bilateral trade negotiation to date, would boost Indonesian coffee exports to the bloc.Read also: Indonesia seeks to conclude trade negotiation with EU next year to bolster recovery“We are hopeful that the finalization of the I-EU CEPA will now enable this variety of our coffee and other GI products to be recognized and protected by the EU market,” he said.Indonesian officials have said they hope to secure the trade deal with the bloc next year.The EU was Indonesia’s fourth-largest trading partner in 2019, with trade worth US$26.9 billion.Kasan Muhri, the ministry’s director general of national export development, said the upcoming Gayo coffee harvest was expected to produce about 52,000 tons of coffee.“We will also facilitate virtual business matching between exporters and producers of Gayo coffee and buyers from Europe,” said Kasan.Kasan added that the ministry would promote other Indonesian GI coffee, such as the Java Preanger variety.Vincent Piket, the EU ambassador to Indonesia and Brunei Darussalam, said the bloc supported the protection of GI products like Gayo coffee because it promoted economic development, domestic innovation and foreign investment.“I wish to support the development of GIs by the government of Indonesia,” said Piket. “Geographic indications matter economically, they matter culturally, and they help create value for local communities through products that are deeply rooted in tradition, culture and geography.”center_img The Trade Ministry launched “Indonesia Coffee Week” on Monday to promote the nation’s beans and boost exports, especially to the European Union (EU), as trade lags during the pandemic.The event aims to market coffee varieties with a Geographical Indication (GI), a designation for products that have a specific region of origin and possess qualities or a reputation related to that region.Gayo coffee, which is grown in Central Aceh, was the first Indonesian GI coffee variety to be recognized by the European Union and was registered in 2017. The event, which is being held between Sept. 17 and 25, is set to coincide with the Gayo arabica coffee harvest in late September.last_img read more

Attention turns to club hurling action

first_imgAll attention turns now towards the club championship in the Premier County this weekend as the Mid Tipp hurling crown is up for grabs.The players involved in this weekend’s Mid Tipperary Senior Hurling Championship Final are prepared to ‘do anything to get the better of the opposition’.That’s the view of Drom-Inch manager Ted Kennedy, whose side face Loughmore-Castleiney in the divisional decider in Templetuohy on Sunday. He says friendships will be cast aside for the duration of the game.Loughmore boss Declan Laffan is hoping a recent run of defeats for the club in the final can be brought to an end.Tipp FM will have regular updates from the match, which throws-in at 3.30 on Sunday afternoon.last_img

Canyon Country crime hotbed?

first_imgIn an April Fools’ Day joke, scvtalk.com on Sunday posted a fake news story that Bossert proposed building a massive wall to protect the westside communities, creating a “Green Zone” like the one in Baghdad. On Wednesday, the West Ranch Town Council will begin naming members of a committee to communicate with residents about how the westside should be governed. Bossert said he will be co-chairman of the committee, and that he remains impartial about whether the westside should form its own city or be annexed. “Clearly anybody who criticizes anything is opening themselves up to be criticized for making any kind of comment,” he said. “I simply was surprised at the amount of methamphetamine and drug arrests that are going on in that part of the valley, and so pointing it out doesn’t make me a snob.” Crime statistics released recently by the Sheriff’s Department showed that Canyon Country, the most densely populated community in the Santa Clarita Valley, had 320 narcotics-related incidents in 2006, while the westside communities had 68 such incidents. The 2006 statistics also indicate that Canyon Country had more total crimes, with 4,152 incidents, compared with 1,494 for the westside communities. But one of the most notorious crimes ever to occur in the Santa Clarita Valley happened in Stevenson Ranch in 2001, when federal agents tried to serve a warrant on a man in a Brooks Circle home. The man opened fire, killing a sheriff’s deputy and riddling neighboring homes with bullets. He died when his home burned to the ground. Austin noted that the arrest reports for Santa Clarita include crimes that occur in county unincorporated parts of Santa Clarita, such as around Jakes Way in Canyon Country, long known for its crime rate. “We would all be better off if we were all under one area,” Austin said. “Even the area by Jakes Way should be annexed so we can all take care of it.” Alan Ferdman, 64, chairman of the Canyon Country Advisory Committee, said he wanted to invite Bossert to a meeting of his group. “I don’t think it’s a very responsible thing to do, to just throw out some comment that some other area – that you don’t live in – happens to be less than you expect it to be,” Ferdman said. [email protected] (661) 257-5253160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SANTA CLARITA – A West Ranch Town Council member’s Internet commentary calling Canyon Country a “cornucopia of crime” has generated a bounty of reaction. One online commentary from a Canyon Country resident called the statement about the eastside community “snobbish.” Another described Stevenson Ranch, where the critical council member lives, as “Plastictown.” The over-the-top Internet sparring match comes at a time when the West Ranch Town Council is spurring discussion of how the communities west of Interstate 5 should be governed. The options are: form a new city, become part of the city of Santa Clarita or stay unincorporated county territory. Dave Bossert, president of the West Ranch Town Council, made the eastside community of Canyon Country part of the discussion when he described it as a “cornucopia of crime” in an online commentary at Westranchbeacon.com, a Web site he created. Bossert suggested some Santa Clarita residents want to annex westside areas for a revenue base. “They want to make sure they get their hands on more revenue to pump into the dilapidated and crime ridden area on the east side of the city,” he wrote. Bossert based his assessment of Canyon Country’s crime rate on daily e-mail updates sent out by the Sheriff’s Department. Bossert says Canyon Country seems to have many methamphetamine-related arrests. “He’s painting with this big wide brush that Canyon Country is this hotbed of crime,” said Canyon Country resident Chris Austin, 44, who regularly posts to another community Web site, scvtalk.com. “I’m sorry, there’s a lot of good hardworking people (in Canyon Country,) and maybe we don’t have the big pocketbooks they have out there … but to paint us all as dilapidated and crime-ridden is ridiculous,” Austin said. last_img read more

Getting rid of carpool lanes could double travel times

first_imgHeavy traffic in Jakarta after carpool lane policy lifting. 3.5 0.0 4.0 1.0 Sign up for our daily newsletter Get more great content like this delivered right to you! 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Following the policy lift, travel delays, defined as the time it takes to travel 1 kilometer, increased by 46% in the morning and almost 90% in the evening, the team reports today in Science. Minutes/kilometer 6 a.m. –7 a.m. 4:30 – 7 p.m. 1.5 2.0 7 a.m. – 10 a.m. 8 p.m. – 6 a.m. Email 7 p.m. – 8 p.m. 0.5 But the most startling result is that phasing out the three-in-one policy led to worse traffic during times of the day and on roads where there had never been restrictions in place, Olken says. One possible explanation, he says, is that the three-in-one restriction led fewer people to drive into the city. “Maybe they carpooled, took public transit, or worked from home.”The new study is significant because it suggests that carpool lanes are key tools to deal with congested urban areas, especially in countries where economic inequalities make other types of policies—such as congestion taxes—unpopular, says Michael Anderson, an economist at the University of California, Berkeley. “The fact that the effects are so large suggests that developing countries should think about it very seriously.” After restriction law lifted 10 a.m. – 4:30 p.m. V. ALTOUNIAN/SCIENCE Getting rid of carpool lanes could double travel times Effects of lifting Jakarta’s“three-in-one” policyAfter the policy was repealed, average traveling times increased at times of the day and on roads where there had never been restrictions in place. If you live in a highly congested city and spend hours in traffic, you may think your commuting couldn’t get any worse. Think again. Eliminating carpool lanes could almost double drivers’ traveling times, according to a new study.“I was surprised by the magnitude of these effects,” says Antonio Bento, an expert in environmental economy at the University of Southern California in Los Angeles.The findings come thanks to an unusual decision made by the government of Jakarta last year. Following allegations that drugged babies from poor households were being used as “jockeys,” or passengers for hire, Indonesian lawmakers repealed the so-called three-in-one restriction. The law had required cars driving on the business district’s main roads to carry at least three passengers during rush hours. Rush hours 3.0 ASIANDREAM/ISTOCKPHOTO 2.5 5.5 Click to view the privacy policy. Required fields are indicated by an asterisk (*) 6.0 Alternate road, never had restriction With restriction law Time With restriction law 5.0 By Giorgia GuglielmiJul. 6, 2017 , 2:00 PM 4.5last_img read more