Compliance: NCUA provides guidance on FOM narrative approach

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » NCUA headquarterscenter_img NCUA’s latest Letter to Federal Credit Unions (18-FCU-02) features guidance on how credit unions can prepare a successful narrative application when using this option to apply for serving a well-defined local community (WDLC). Changes to the  field-of-membership rule became effective Sept. 1, providing federal credit unions with more flexibility on applications for community charter approvals, expansions, or conversions.In addition to a presumptive community based on a single political jurisdiction or core based statistical area, the final rule provides federal credit unions with another option when submitting their community related applications. The federal credit union can use a written narrative, with sufficient supporting documentation, to establish the existence of a well-defined local community (WLDC).A written narrative, with sufficient supporting documentation, may allow a federal credit union to establish a WDLC for an area that may not otherwise qualify as a presumptive community based on a single political jurisdiction or core based statistical area. Federal credit unions must demonstrate the ability to serve the requested community and its intent to serve the entire community and all its segments.last_img read more

USC to move on without defensive end

first_imgUSC coach Lane Kiffin announced Tuesday that senior defensive tackle Armond Armstead will redshirt the 2011 season. Armstead has been absent from practices because of an undisclosed medical condition and was hospitalized in March when he underwent a series of tests.Out of commission · Senior defensive end Armond Armstead, pictured here on Oct. 30 against Oregon, started 11 games for USC last season, recording 43 tackles and three sacks. – Daily Trojan file photo “After meeting with everybody involved, the best thing is to redshirt him right now being this late in the season,” Kiffin said. “He’s going to probably graduate, finish his degree this semester and we’ll have him back next year.”Last season Armstead started 11 games for the Trojans, finishing with 43 tackles and three sacks, but he has not practiced since being hospitalized. Though redshirting, Armstead could still leave for the NFL draft should he opt to declare.—After a strong game on both sides of the ball in a win against Syracuse, No. 23 USC heads to the desert in its first Pac-12 road game against Arizona State.“We want to make sure we do a great job with our composure and not get in a personal foul type of game regardless of what the opponent is doing,” Kiffin said. “When emotions go up, we can’t let our decision-making go down.”Junior quarterback Matt Barkley noted he enjoys playing road games because of the energy.“I almost like away games more,” Barkley said.  “Just being in that environment, everyone is yelling at you. You almost have to focus more.”USC is approaching its first road match-up as if it were just another game.“We just got to take it week by week and approach it like every other game,” said redshirt freshman tight end Xavier Grimble. “Every game is a serious game. You can be beat on any given night.”Barkley is no stranger to hostile environments on the road, as he led the Trojans to a victory over Ohio State in Columbus his freshman year. He offered advice to the younger players on how to deal with the pre-game jitters and uneasiness of playing in an unfamiliar environment.“Be yourself,” Barkley said. “Don’t worry about those — it’s still our game plan and it’s still our offense.”—Senior tailback Marc Tyler feels Barkley exudes more confidence this year behind center.“It feels like he [Barkley] has a better timing and rhythm with the receivers,” Tyler said. “I know him and Robert [Woods] work together a lot. Matt looks confident out there.”Though Barkley’s 8:1 touchdown-to-inerception ratio through three games indicates he has made progress since last year, he is pleased with the play of the other receivers who have stepped up.“It’s great because we have other athletes on our team that can make plays as well,” he said. “If they want to overcompensate for covering [Woods], it is just going to open up other guys and that’s what you saw on Saturday.”—Though Syracuse was missing its defensive end — and arguably top defensive presence — in Chandler Jones on Saturday, the USC defense will have to prepare for Arizona State linebacker Vontaze Burfict, who has made a name for himself as one of the top linebackers in the country. Burfict has accumulated 17 tackles and four sacks for the Sun Devils this season.“As young as we are, I think we are a mature group so that [Burfict] shouldn’t take us out of our game at all,” junior center Khaled Holmes said. “Their whole defense plays with a lot of tenacity.”Barkley echoed similar sentiments, saying although the team has to worry about Burfict, the entire Sun Devils’ defense should be the team’s focus.“Vontaze is the highlight of that defense,” Barkley said. “They play it really well and they play fast so it will be a good challenge for us.”—The Trojans remain relatively healthy after three weeks. Kiffin announced freshman linebacker Lamar Dawson, senior offensive tackle Martin Coleman, redshirt freshman wide receiver Kyle Prater and junior wide receiver Brice Butler were out for Tuesday’s practice. Junior guard Abe Markowitz was limited in practice.“We anticipate all of those guys playing and we hope to have them back later in the week,” Kiffin said.last_img read more

GVC leadership takes 20% pay cut

first_img Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Related Articles Share StumbleUpon FTSE250 GVC Holdings has confirmed that its executive committee members will take a 20% pay cut, while some staff have agreed to also forego bonus payments for 2020.GVC’s Board and remuneration committee stated that it ‘would be appropriate’ for both the Board of Directors and Executive Committee to take a voluntary reduction in basic salary and fees for three months.Bonus payments were due to be voted on at GVC’s Annual General Meeting which was due to take place yesterday, however, this has been postponed as a result of the pandemic.It comes as the group looks to mitigate the impact of the global pandemic on its overall business strategy. During  April, GVC governance predicted that its EBITDA could fall by £50m per month, which is a significant drop from the initial £100m predicted in March. The drop came after the gambling group continued to initiate a number of mitigating actions in light of the COVID-19 pandemic.The group noted that despite a strong performance at the beginning of the year, the closure of retail outlets and the widespread cancellation of sports has ‘significantly reduced revenue from mid-March’. Share Submitlast_img read more