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CUNA reports strong credit union lending despite bumpy national picture

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A double dose of discouraging economic data last week–that the economy contracted in the first quarter and consumer sentiment moving forward had diminished–did not undercut a strong month of lending for credit unions in April.CUNA’s monthly credit union estimates, released this week, found that loan growth at credit unions climbed 1% in April after a 0.6% jump in March.“The uneven macroeconomic data in the first quarter seemed to have no effect on credit union lending,” said Perc Pineda, CUNA senior economist. “The Bureau of Economic Analysis revised its estimate of the first quarter GDP growth rate from an increase of 0.2% to a decrease of 0.7%. Despite weak first quarter GDP numbers, credit union lending continued to expand.”The expansion was fueled by home-equity loans, which rose by 3.5%, followed by adjustable-rate mortgages at 2.1%, new-auto loans at 1.9%, unsecured personal loans at 1.6% and used-auto loans at 1.1%. continue reading »last_img read more

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Women’s soccer moves on to second round of Big Ten tournament

first_imgUniversity of Wisconsin women’s soccer team entered the first round of Wednesday’s Big Ten tournament with the memory of last season’s tournament fresh in their minds.After a strong start to the 2013 season, the team faltered in the final stretch of the Big Ten season and lost their opening round game of the Big Ten tournament 2-0 to Penn State. Following the loss, the Badgers would not make the NCAA tournament.However, Wednesday’s match against Illinois in the first round of the conference tournament proved to be a different story than last season, as the No. 2 seed Badgers defeated the No. 7 seed Illini, 2-0.The win marked the first time that UW has advanced to the semifinals of the Big Ten tournament since 2005.“I was proud,” UW head coach Paula Wilkins said in a UW Athletics statement. “I think Illinois had a game plan, and our players were able to figure it out. I’m really proud of them for that. It says something to have two forwards up top who can finish their chances.”And those two forwards Wilkins is referring to are seniors Cara Walls and Kodee Williams, two of the team’s leading goal scorers.Both goals for the Badgers came in the first half Wednesday. Midway through the first half, junior midfielder Kinley McNicoll found a streaking Williams, who spun her way through the Illinois defense to put the Badgers up 1-0 in the 25th minute. It was Williams’ seventh goal of the season and her Big Ten-leading sixth game-winning goal on the year.Only six minutes later in the 31st minute of the game, Walls put UW up for good, 2-0, after she scored past Illinois’ sophomore goalie Claire Wheatley. The goal was Walls’ team-high 12th of the season.The Badgers held the Illini the rest of the way and recorded their 15th shutout – a team record – of the season, thanks to another stellar performance from Big Ten Goalkeeper of the Year Genevieve Richard. The shutout was Richard’s 13th of the season and tied her for second-most in a season in program history. Not even redshirt senior Big Ten Offensive Player of the Year Jannelle Flaws could put one past the UW defense or Richard.Wilkins points to a total team effort for the Badgers, who tied the Illini last Friday, in order to advance into the semifinals of the Big Ten tournament. It was a win that the team starting preparing themselves for at the end of last season.“It’s mostly about this team,” Wilkins said in the statement. “Going back to what they did in the offseason, not just on the field but off the field as well, they’ve built a team culture. Even when you talk to kids on the bench, they’re as a part of this as anyone else. That’s a great thing.”The Badgers will  take on No. 6 Minnesota, who they beat at Minnesota Oct. 18, 4-1. The Golden Gophers defeated Michigan in double overtime Wednesday night to advance to the semifinals. Wisconsin and Minnesota will kickoff at 1 p.m. (CST) Friday from the Boilermaker Soccer Complex in West Lafayette, Indiana.last_img read more

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Wellington City Council to hold work session Tuesday at 5:30 p.m.

first_imgLarry Putter (Lot 24 of Settlers Circle) Other possible items for discussionReview ordinance requiring paved parking lots. Does ordinance say “paved” or all weather?Auditors Suggestion that Clerk report to Council.Review demolition policy regarding bids.Executive Session (Personnel matters relating to non-elected personnel).Follow us on Twitter. By Tracy McCue, Sumner Newscow — The Wellington City Council will hold a work session to discuss electrical rates on Tuesday, August 25, 2015 at 5:30 p.m. The meeting will be held at the Public Safety Meeting room in the police and fire building.The full agenda items are as follows: BZA and PBC VacanciesElectric Rate DiscussionCurrent structure with adjustmentsNew rate structureUtility Charges to DepartmentsChange practice of charging expenditures made for general fund directly to the utility fund. Funds should be transferred into general fund and expenditures should be made from general.Benevolence fund for payment of utilitiescenter_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (2) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Question? · 259 weeks ago Can they go into an executive session in a work session? Report Reply 0 replies · active 259 weeks ago 0 Vote up Vote down whatever · 259 weeks ago Stop spending money you don’t have. Report Reply 0 replies · active 259 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

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Allahabad HC grants interim relief to Freedom 251 makers

first_imgIn some respite to India’s cheapest smartphone makers, the Allahabad High Court on Wednesday granted interim relief to Ringing Bells Pvt Ltd — the Noida-based firm that created a global buzz after announcing the launch of the controversial Rs 251 “Freedom 251” smartphone last month.While hearing the plea, the division bench of Justice B.K. Narayan and justice Shashi Kant ordered the UP state government to furnish a status report on an urgent basis by April 5, further directing that no coercive steps be taken till then against the three top accused – directors Mohit Goel and Dharna Garg and president Ashok Chadha.Also read: Adcom terms Freedom 251 scam of millennium, Ringing Bells clarifies A first information report (FIR) was registered last week against Goel and company president Ashok Chaddha under Section 420 of the Indian Penal Code (IPC) as well as the Information Technology (IT) Act on a complaint filed by BJP leader Kirit Somaiya.The court also directed the petitioners to submit their passports to SSP Noida within 24 hours.According to lawyer Abhishek Vikram representing Ringing Bells, the three petitioners will “fully comply with the orders of the court by submitting their passport and will provide full cooperation to the investigation agency”.Also read: Freedom 251: How and why Ringing Bells can price it at Rs.251 “We have nothing to hide. We are committed to affordable smartphones to people of this country and we shall achieve that. We will stick to fair practices and comply with regulations of our great country,” Mohit Goel, director, Ringing Bells, told IANS.advertisement”We remain committed to cooperate with any government agency that may need to inquire our organisation for any reason or suspicion. We have already done so with authorities/agencies that have so required,” Goel added.”I do maintain that we will deliver the most affordable quality products to our customers through our range of smartphones including ‘Freedom 251’,” Goel added.Ringing Bells launched the product last month in the presence of veteran BJP leader Murli Manohar Joshi.It distributed some “prototypes” of the product to the media which turned out to be Adcom handsets. However, the company maintained that the device has been developed “with immense support” from the government.According to the company, ‘Freedom 251’ will run on Android 5.1 operating system and will sport a 4-inch qHD IPS display, a 3.2-megapixel primary and a 0.3-megapixel front camera.However, doubts were raised after assessments of the viability of the handset found that such a device cannot be offered for less than Rs 2,300-2,400.Ringing Bells had received 30,000 orders on the first day.Also read: ED begins Freedom 251 probe, questions Ringing Bells CEO Mohit Goel The rest of the customers for the first 25 lakh handsets were to be selected on first-come-first-served basis as the company received about seven crore registrations before the payment gateway crashed.Later, the company decided to return the money to the customers who pre-booked the Rs 251 device on the first day of the sale.The company said it planned to give 25 lakh handsets in the first phase before June 30.last_img read more