Umphrey’s McGee and TAUK ended their match made in heaven tour over the weekend, as both bands (who have spent a lot of time on the road together the last few months) will go their separate ways with the summer festival season around the corner. On Saturday night, at Dallas, TX’s House of Blues, Umphrey’s invited TAUK guitarist Matt Jalbert, bassist Charlie Dolan, keyboardist A.C. Carter, and birthday boy drummer Isaac Teel to the stage for a super groovy, funked out version of “Booth Love.” Watch UM’s pro-shot footage of the song below:Teel rejoined the band during the encore for a “Drums” solo that led into “All In Time” to end the show. You can find full show audio here.As both bands gear up for a busy summer, Umphrey’s will get back into the swing of things this weekend with a pair of shows at Minneapolis, MN venue First Avenue. Keep an eye out for the Prince bustouts in the Purple One’s hometown. TAUK will be joining Twiddle at Port Chester, NY’s The Capitol Theatre on Saturday, May 7th. More information about that show can be found here.Setlist: Umphrey’s McGee at House of Blues, Dallas, TX – 4/23/16Set 1: Lucid State > Get In The Van, All In Time > Walletsworth, Gone for Good, Uncle Wally, Utopian Fir -> Walk the Proud Land > Booth LoveSet 2: Bridgeless -> 2×2, Mulche’s Odyssey, Kashmir, August -> Final Word > August > BridgelessEncore: Drums > All In Time with Brendan and Jake on acoustics with Sabbath Bloody Sabbath (Black Sabbath) jam with Low Rider (War) teases with Alric Carter on keyboards, Charlie Dolan and Isaac Teel on percussion, and Matt Jalbert on guitar with Mind Left Body (Kanter/Garcia) jam with Isaac Teel on percussion
continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Presenting on the history of community development finance at a CommonBound gathering, Melissa Marquez recalled how her mother would come home in tears from her job as a loan officer in San Diego in the 1970s.Marquez’s mother was sick of working for a big bank that refused to lend to the residents of the primarily Mexican-American community of Barrio Logan, even though they were loyal customers. “That really affected me. That’s why I’m running a credit union,” said Marquez, now CEO of $18 million Genesee Co-Op Federal Credit Union, Rochester, N.Y.Marquez and her co-presenters described the roots of credit unions as a means of survival for communities that faced systemic racial and other discrimination from traditional financial institutions. Focusing intensely on members, credit unions continue to specialize in consumer loans like home mortgages, home repair loans, car loans and loans to pay medical bills.While there’s still plenty of discrimination to counter in those spheres, credit unions are increasingly feeling the pressure to venture more into small business lending. Genesee Co-Op FCU recently made its first loan to a worker cooperative, a line of credit to Small World Food Collective, a worker-owned bakery and fermentery in Rochester, N.Y. More broadly, the credit union is part of a city-led initiative to incubate a network of worker cooperatives connected to its anchor institutions.
Last year the mandatory fund had a market share of 52%.Meanwhile, NLB Nov Penziski Fond AD Skopje, which runs the country’s other mandatory fund as well as a voluntary fund, was last month put up for sale by its owner, state-owned Nova Ljubljanska Banka, Slovenia’s largest bank.Prior to EBRD’s involvement, Prva had already expanded beyond Slovenia.In Serbia it has a 60% share in DDOR Garant, which operates two voluntary pension funds, while in Kosovo it operates the Fondi Siloveno-Kosovar i Pensioneve supplementary pension fund.The Slovenian pensions and insurance management subsidiary Prva osebna zavarovalnica last year expanded its suite of pension funds following the introduction of life-cycle funds.Overall, according to the EBRD, Prva Group now has more than €735m in pension assets under management and nearly 400,000 policy holders, while its Slovenian subsidiary holds the biggest market share (26.45%) in local voluntary pensions insurance provision.EBRD’s other pension fund management investments have included a stake in the Russian mandatory provider European Pension Fund, which it exited in 2013 when the fund was acquired by the BIN Group (since renamed Safmar Financial Group), and which has since been merged with three of the group’s other pension funds into NPF Safmar.One of the bank’s more recent pensions ventures was an equity investment in a voluntary pension fund management company in Republika Srpska, one of the two entities of Bosnia and Herzegovina (BiH).According to the EBRD’s website, the new company will be BiH’s first provider of voluntary pension fund and asset management services. The European Bank for Reconstruction and Development (EBRD) has exited its investment in Prva Group, one of Slovenia’s – and south-east Europe’s – biggest insurance and pensions providers.At the end of March the bank sold its 20% stake for an undisclosed amount to DEJ doo, a Ljubljana-based company that already held just over 50% in Prva.According to the EBRD, it originally invested in Prva in February 2007 in order to further its market expansion and strengthen corporate governance.Later that year Prva’s subsidiary KB First Pension Company won one of two Macedonian mandatory pension fund licences, and subsequently set up a voluntary fund.