West of Shetland oil fields to grow in stature among European majors

first_imgThe West of Shetland oil fields have long been overshadowed by their North Sea neighbours, but production levels are expected to increase significantly Oil rig off the Shetland coast (Credit: Cj Hughson/Flickr) The remote West of Shetland (WoS) region is set to play a bigger role in UK oil and gas production in coming years, with European majors Shell and BP among those expected to increase their activity in the offshore exploration fields.While the nearby North Sea basin has proved an abundant and popular resource, analysts at business intelligence firm Global Data expect the West of Shetland to replace it as Shell’s main production basin along the UK Continental Shelf by 2020.In doing so, Shell will follow in the footsteps of BP, for which the switch took place in 2018.GlobalData upstream oil and gas analyst Daniel Rogers said: “In 2018, Shell and BP’s hydrocarbon production combined accounted for more than half of the WoS total volume.“In recent years, both companies have seen North Sea production volumes lose dominance in relation to their UK portfolios – and as a result, the WoS is set to overtake the North Sea as Shell’s major producing basin in the UK by 2020, whereas this occurred for BP in 2018.“The WoS basin, in comparison to the North Sea basins, has been relatively under-explored.“The extreme water depths, challenging subsurface, and lack of knowledge and experience in the basin lead to higher risk than the North Sea exploration – but that being said, there is currently vast acreage open to explorers and the ‘yet-to-find’ volumes are significant.” West of Shetland oil fields expected to account for 30% of UK Continental Shelf output by 2025Infrastructure and location constraints could prove a hindrance to large-scale development down the line, but the decline of North Sea assets from the portfolios of European energy companies in recent years has so far been offset by their participation in the WoS.US-based exploration and production majors such as Chevron and ConcoPhillips, meanwhile, have retreated from the UK’s oil and gas sites recently, leaving their European counterparts to pick up the slack.BP and Shell’s West of Shetland activity (Credit: GlobalData)The comparatively underexplored nature of the West of Shetland means there is significant potential for lucrative new discoveries.According to management consultancy McKinsey & Company, the WoS region is expected to contribute about 30% of the UK Continental Shelf’s oil and gas production by 2025, up significantly from just 2% in 2014.Around 80% of the planned and announced projects in the deep waters of the WoS in 2017 were accounted for by European firms, compared to just 40% in the North Sea.center_img Infrastructure constraints could restrict future outputFor now, oil will be the primary focus of activity for firms operating in the West of Shetland region, due to gas processing infrastructure not being sufficiently developed to manage a significant increase in output.The Shetland Gas Plant (SGP) facility currently runs with less than 25% spare capacity, and significant demands put on it could exert considerable strain.Rogers added: “Total’s recently discovered Glendronach gas-condensate field is expected to add more than 200 million cubic feet per day of gas supply to the SGP at its peak and could commence production as early as 2021.“This, in addition to gas volumes coming from the Cambo and Rosebank oil field developments, could further strain the existing infrastructure.“Operators looking to develop new gas fields in the West of Shetland through the mid-2020s could be challenged by these capacity restraints, and the investments required for facility expansions may impact project returns and force operators away from marginal gas developments.”By contrast, the key Sullom Voe oil processing terminal is currently only running at half capacity, meaning there is scope for European oil producers maintaining their interest in the region to make the most of this excess capacity.last_img read more

Total makes FID on phase 3 of Mero field development offshore Brazil

first_img A map showing pre-salt area of the Santos Basin. (Credit: Total) Total and its partners have made final investment decision (FID) for the third phase of the Mero project offshore Rio de Janeiro in the Libra block, Brazil.Situated approximately 180km offshore Rio de Janeiro in the prolific pre-salt area of the Santos Basin, the Mero ultra-deepwater oilfield is under a production sharing agreement to a consortium involving Brazilian state-owned oil company Petrobras with 40% stake.Other consortium partners include Shell with 20% interest, Total with 20% stake, CNODC with 10% stake and China National Offshore Oil Corporation (CNOOC) with 10% interest.Total exploration & production president Arnaud Breuillac said: “The decision to launch Mero 3 marks a new milestone in the large-scale development of the vast oil resources of the Mero field – estimated at 3 to 4 billion barrels.“It is in line with Total’s growth strategy in Brazil’s deep-offshore, based on giant projects enabling production at competitive cost, resilient in the face of oil price volatility.“The Mero project will contribute to the Group’s production from 2020 onwards, and we are targeting a production of 150,000 barrels per day in Brazil by 2025.”Mero 3 FPSO to commence production by 2024Planned to enter service by 2024, the Mero 3 floating production storage and offloading (FPSO) will have a liquid treatment capacity of 180,000 barrels per day.Recently, Petrobras has signed a letter of intent (LoI) with Malaysian contractor MISC Berhad for the charter of a FPSO, Mero 3, to be deployed at the Mero field.The FPSO will be interconnected with 15 wells through a subsea infrastructure comprising rigid production and injection ducts, flexible service ducts and control umbilicals.The Mero field commenced pre-production since in 2017 with the 50,000-barrel-per-day Pioneiro de Libra FPSO while the Mero 2 FPSO is scheduled for commissioning in 2023. MISC Berhad has signed letter of intent (LOI) with Petrobras to design and operate a FPSO Mero 3 at the offshore fieldlast_img read more

Contributing Faculty (MHS)

first_imgThe mission of The University of St. Augustine for Health Sciencesis the development of professional health care practitionersthrough innovation, individualized, and quality classroom,clinical, and distance education. GENERAL SUMMARYA contributing faculty member at the University of St. Augustinefor HealthSciences (USAHS) provides engaging clinically-focusedlearning opportunitiesfor students in the health scienceprofessions, through face-to-face, blended,and/or online deliverymethods.The University of St. Augustine for Health Sciences seekscontributing faculty members to teach in our Master of HealthScience program. Courses are taught via the University’s onlineplatform (Blackboard).Faculty members educate USAHS students by effectively andproficiently using online technology and resources so thatknowledge, information, feedback, and critique are imparted tostudents in thoughtful, carefully formulated, well written, andtimely communications.Using instructional strategies appropriate for the course contentand the students’ academic level, faculty help learners develop adeep understanding of course content by blending technology andpedagogy; fostering reflection and inquiry in a manner that bindslearners in a collaborative learning communityESSENTIAL DUTIES AND RESPONSIBILITIESMaintains expertise in content areaPromotes student success through optimal studentengagement The University of St. Augustine for Health Sciences is an equalopportunity at will employer and does not discriminate against anyemployee or applicant for employment because of age, race,religion, color, disability, sex, sexual orientation or nationalorigin. Reports student outcomes and uses this information for teachingand learning improvements Keeps course content current and as necessary, aligned withcourse consistency policy Assesses student performance onpapers/examinations/projectsCommunicates with program director (and course coordinator ifteaching a multi-section course) regarding student difficulties orissues that ariseEnsures consistent content and testing, if a multi-sectioncourseCompletes annual self-evaluation of teaching performance; setsgoals for improvement Recommends course improvements for upcoming semester OTHER DUTIES AND RESPONSIBILITIESMay perform other duties andresponsibilities that management maydeem necessary from time to time.TRAVEL REQUIREMENTSSome travel may be required.POSITION IN ORGANIZATIONREPORTS TO: Academic Program DirectorPOSITIONS SUPERVISED: NoneTECHNICAL, MANAGERIAL, and PEOPLE SKILLS REQUIREDTo perform this job successfully an individual must be able toperformeach essential duty satisfactorily. The requirements listedbelow arerepresentative of the knowledge, skill, and/or abilityrequired. Incumbentswill be evaluated, in part, based onperformance of each essential function.Appropriate reasonableaccommodations may be made to enable individuals withdisabilitiesto perform essential functions.EDUCATION and/or EXPERIENCEExperience with distance learning preferred.Terminal degree preferred. Post- professional master’sdegree or clinical doctorate with demonstrated clinical expertisewith plans to obtain a terminal degree will be consideredPrior teaching experience preferred [could includeonline]Experience in scholarly activity preferredA minimum of 3 years of clinical experience in the area ofcourse content requiredWorking knowledge of educational theory and methodology Teaching Delivery/Learning Facilitation Skills: Manages small,large, blended, hybrid, and/or online classrooms, monitoring andensuring participation, managing one’s own and students’ time andattention effectively.Academic Discipline Expertise: Has sufficient credentials,industry expertise, and/or experience in the discipline to eachaccording to the standards and qualifications required. Communicates Effectively: Adapts oral and written communicationapproach and style to the audience and based on the message.Drives Engagement: Makes students feel welcomed, understood,and valued. Creates a learning environment that is compelling,challenging, and productive. LICENSURE and/or CERTIFICATIONFaculty Members must be appropriately credentialed, possess anearned degree from an accredited institution or recognized by acountry’s ministry of education in the discipline being taught, andbe licensed or license-eligible in order to teach in specificprograms.BUSINESS COMPETENCIESCommitted to Mission and Values – Has aclear understandingof institution’s mission and values. Has a passion forfacilitatinglearning and for enabling students to navigate their ownlearningjourney.Contribute Knowledge to the Discipline – Compelledby theopportunity to contribute through research, scholarshipprofessionalpractice or creativity.Accountable -Takes personalresponsibility for own goals andoutcomes to ensure student success.Establishes clear expectations,follows through on commitments to students andholds themaccountable for assignments and performanceCollaborative – Works cooperatively withothers across theinstitution and beyond, including the community andthroughpartnerships. Represents own interests while being inclusiveand fair toothers.Communicates Effectively – Adapts oraland writtencommunication approach and style to the audience and based onthemessage. Also listens attentively to others.Drives Engagement – Makes students feelwelcome, understoodand valued. Creates a learning environment that iscompelling,challenging and productive.Academic Discipline Expertise – Hassufficient credentials,industry expertise and/or experience in the disciplineto teachaccording to the standards and qualifications required.Education Design – Designs learningexperiences closelylinked to learning outcomes including lesson planning,design ofproject, work integrated, group learning experiences, orinteractivelearning objects. Has depth of expertise in pedagogy,andragogy and overalllearning effectiveness.Teaching Delivery/Learning FacilitationSkills – Managessmall, large, blended, hybrid and/or online classrooms,monitoringand ensuring participation, managing one’s own and students’timeand attention effectively.ADDITIONALCOMPETENCIESTo perform the job successfully, an individual shoulddemonstratethe following competencies to perform the essential functions oftheposition:Core Ethics and Values Committed to Mission and Values: Has a clear understanding ofinstitution’s mission and values. Has a passion for facilitatinglearning and for enabling students to navigate their own learningjourney. Completes all course management requirements to meet programdeadlinesPrepares and delivers course contentMonitors student progress; gives feedback as appropriateFacilitates student participation in learning activitiesServes as student-to-university liaison Technical Promotes professionalism by modeling such behaviors inside andoutside the classroom setting; promotes interprofessionaldialogCollaborates with necessary departments to support a positiveteam environmentUpholds University core values, policies and procedures Operationallast_img read more

A penny for a show stopper

first_imgCharity by Sara Kreindler OFS Tuesday 21 –Saturday 25 October A Pembroke musical about financial crises? The irony got out of its seat and gave me a good slap round the face when I entered the theatre. Sara Kreindler, a loquacious Canadian studying at Pembroke, has written both the book and score for this show. Her talents composing are never thrown into question throughout the piece, but a plausible narrative unity is lacking here. The curtain opens on the meeting of a foreign aid charity. Its members are trying hopelessly to organise the most important event of the year, the Charity Ball. Conflict soon arises, as the committee splits into two, hurling abuse at each other through the camp medium of song. But ultimately, this is a story about that ol’ chestnut Love. More specifically, of Anita (Reina Hardy) and Ben (Richard Power). These two insecure, inexperienced souls refuse to admit their powerful attraction to one another, rendered paralysed by their shared fear of rejection. Anita worries that her strength and intelligence will alienate any man (how out-of-character for a girl to think that), whilst Ben contracts verbal dysentery when speaking to the opposite sex. Power plays Ben with an endearing humility and diffidence. Although his character is shy and unforthcoming, Power has a tremendous presence on stage, combining the naivety and ingenuousness of Jack Lemmon with the zeal and tenacity of a confident leading man. His voice is as strong as his acting, making him the highlight of this production. The relationship of Suzy and Trevor is explored, too. This is where my initial delight at the show turned to an uneasy dislike. Alice Shepherd, in the role of Suzy, lacked the necessary qualities to convince us of her character’s dissatisfaction with the sweet, but unexciting, Trevor. Suzy does not want her lover to be so thoughtful and caring. I began to cringe as Suzy launched into her lamenting “Why can’t you be wrong for me?” number; I’ve heard girls complain about guys being too sweet enough times without hearing it committed to music. Stop bloody complaining! Ahem. A bit about the staging. The OFS is set up in traverse, to accentuate the polarisation of the charity board: radicals against moderates, men against women. This opposition is achieved well, where many of the songs, whether politically- or ardently-driven, feature a tête-à-tête between man and woman. Christine Chung plays the femme fatale, Mavis, with seductive intensity that inveigles poor Trevor into her arms. And in ‘Farewell’, the intertwining of Anita and Ben’s vocals strongly suggests a gradual intimacy between the two. The music itself, however, is somewhat repetitious from song to song, with little stylistic variation. Vocally, the male leads outshone their female counterparts, most significantly, in their enunciation. Kreindler is very lyrically skilled, and the songs have a verbal playful quality. But on leaving the theatre, I was not sure what I had learnt from the show. Was the political element really necessary to drive the amorous plotline forward? Does charity really help us to change ourselves fundamentally? I was not convinced.ARCHIVE: 1st Week MT2003last_img read more

EPA Takes Further Actions to Improve the NSR Permitting Program

first_imgThe U.S. Environmental Protection Agency (EPA) is announcing several actions to clarify and improve New Source Review (NSR) permitting requirements. These Clean Air Act actions are part of a suite of measures EPA is taking to modernize and streamline the NSR process, without impeding the Agency’s ongoing efforts to maintain and enhance the nation’s air quality. These actions will improve regulatory certainty and remove unnecessary obstacles to projects aiming to improve the reliability, efficiency, and safety of facilities while maintaining air quality standards.“NSR reforms are a key component of President Trump’s agenda to revitalize American manufacturing and grow our economy while continuing to protect and improve the environment,” said EPA Administrator Andrew Wheeler. “NSR regularly discouraged companies from investing in and deploying the cleanest and most efficient technologies. Through the Trump Administration’s efforts, EPA is providing clarity to permitting requirements, improving the overall process, and incentivizing investments in the latest energy technologies.”“For too long, New Source Review permitting requirements stifled job creation, hampered innovation and slowed the ability to modernize critical energy infrastructure. Worse, in previous administrations, the permits were weaponized, so liberal activists could delay key projects,” said U.S. Senator Jim Inhofe (OK). “New Source Review hasn’t been updated in over four decades—making it hard to integrate new technologies into our energy infrastructure. I’ve worked for years to modernize the review process, and applaud today’s action by President Trump and Administrator Wheeler to streamline the NSR permitting process.”“One of my consistent frustrations with New Source Review is what seems to be a perverse incentive away from innovation. Thank you to Administrator Wheeler and the Trump Administration for recognizing this and finalizing these positive reforms,” said U.S. Senator Kevin Cramer (ND). “The EPA’s actions provide certainty while restoring the proper scope of the Clean Air Act.”“I applaud the EPA for taking further steps to reform the New Source Review permitting program. NSR’s burdensome process can impede upgrades that would actually increase efficiency and improve air quality. The EPA is moving toward a better NSR program that streamlines the process without sacrificing environmental protections,” said U.S. Representative Morgan Griffith (VA-09). “I applaud Administrator Wheeler for implementing a strong regulatory reform agenda at the EPA. Today’s actions are a solid first step in the right direction to reform the NSR permitting program. I look forward to continue working with the Trump Administration to further reform NSR and allow America’s industry to make their units more reliable and efficient, while maintaining strong environmental standards,” said U.S. Representative Andy Biggs (AZ-05).“President Donald Trump continues to deliver on his promise to cut burdensome regulations that strangle American manufacturing and energy development. These improvements to the New Source Review (NSR) permitting requirements will protect our air quality, while incentivizing businesses to grow and expand. I look forward to continuing to work with President Trump and Administrator Wheeler to cut needless regulations and create American jobs,” said U.S. Representative Alex X. Mooney (WV-02).“This Administration is clearing the path for manufacturers to invest in more energy efficient technologies that conserve energy, reduce emissions, and keep U.S. manufacturers competitive,” said Portland Cement Association President and CEO Mike Ireland. “For energy-intensive industries like cement, strategic investment in energy efficiency and emissions reduction are key components of any long-term climate and sustainability strategy, and EPA’s New Source Review reforms announced today help unlock new opportunities for sustainable operation.”Final Guidance: Revised Policy on Exclusions from “Ambient Air”After considering public comments, EPA is issuing final guidance, identifying the sort of measures which EPA may take account of in determining whether a source owner or operator has precluded the general public from having access to its property. Where access is precluded, the portion of the atmosphere above that property is not considered “ambient air” for the purpose of conducting air quality analyses under the Clean Air Act. The guidance updates EPA’s policy to recognize that a variety of measures may be considered effective in keeping the public off a source owner/operator’s property. These measures, which account for advances in surveillance and monitoring, depend on site-specific circumstances and continue to include, but are now not solely limited to, fences or other physical barriers. State, local and tribal permitting authorities have the discretion to apply this guidance on a case-by-case basis. The regulatory definition of “ambient air,” as stated in 40 CFR § 50.1(e) to mean “that portion of the atmosphere, external to buildings, to which the general public has access,” remains unchanged.Final Guidance: Interpreting “Adjacent” for New Source Review and Title V Source Determinations in All Industries other than Oil and GasEPA has also recently issued a final guidance that revises the agency’s interpretation of when multiple air pollution-emitting activities are located on sufficiently “adjacent” properties to one another that they should be considered a single source for the purposes of permitting. To determine what activities comprise a single source under the NSR and Title V air permitting programs, three factors must be satisfied: the activities must be under common control; they must be located on contiguous or adjacent properties; and they must fall under the same major group standard industrial classification (SIC) code. In this guidance, for all industries other than oil and natural gas production and processing for which there is a separate set of rules and to which this guidance does not apply, EPA adopts an interpretation of “adjacent” that is based on physical proximity only. The concept of “functional interrelatedness” would not be considered by EPA when determining whether activities are located on adjacent properties. This interpretation should help clarify and streamline the permitting process.Additional NSR ProposalsEPA also recently issued a proposal to address minor errors that have accumulated over time in four NSR regulations. While these minor errors, such as outdated cross references and typographical errors, have not materially impeded the effective operation of the NSR program, EPA believes that it is important to remove such errors from the regulations in order to provide regulatory certainty and clarity. The proposed corrections are all considered to be non-substantive and are intended to provide clarity and precision to the NSR regulations without altering any NSR policy or changing the NSR program as a whole.EPA is also proposing to remove from the NSR regulations various provisions, such as certain “grandfathering” provisions, that, with the passage of time, no longer serve any practical function or purpose. EPA will be taking comment on this proposal, which will be published in the Federal Register.More information on these actions and other NSR improvements are aFacebookTwitterCopy LinkEmailSharelast_img read more

Broadway Alum Raven-Symone Will Co-Host The View

first_imgRaven-Symoné has officially joined The View as a full-time co-host. According to The Wrap, the Broadway alum is now a permanent star of the show along with Whoopi Goldberg, Nicolle Wallace and Fish in the Dark’s Rosie Perez, after guest-hosting 37 times.“Being a part of The View family will be a wonderful growing experience for me,” said Symoné in a statement. “I have a lot to learn within this new arena, but being the apprentice of these spectacular women will only make me a better person and talk show host.”Raven-Symoné made her Broadway debut in Sister Act. She became a child star on The Cosby Show, followed by a role on the hit sitcom Hangin’with Mr. Cooper. She went on to headline her own Disney channel show, That’s So Raven, along with Disney Channel TV movies The Cheetah Girls and The Cheetah Girls 2 and ABC Family series State of Georgia. Her film roles include Dr. Dolittle and Dr. Dolittle 2. View Commentslast_img read more

Home irrigation

first_imgBy Kerry HarrisonUniversity of GeorgiaSpring has started on a hot, dry note, and the music will not likely change any time soon. Go ahead and check sprinkler systems now. Many lawns are already growing like it’s early summer. Make sure the sprinkler heads are properly adjusted and not spraying too far out or too close in. Look for signs of broken risers beneath the sprinklers. Sometimes this is obvious: You’ll have a traffic stopping geyser. A cracked riser will allow water to boil up around the sprinkler.Inspect the sprinkler riser wiper seal for water flow. A small amount of water emitting past the wiper seal is acceptable while the system is running. Excessive water flow while a system is operating indicates a damaged seal.Many times people will replace a sprinkler because it leaks between the wiper seal and pop up stem after the system has turned off. This leakage doesn’t indicate a problem. If water drains out after the system has turned off and eventually stops, the valve is fine.For spray heads with filters under the nozzle, hold the pop up stem and unscrew the nozzle carefully. A damaged nozzle may cause an uneven spray pattern. A damaged pop up stem will result in a poorly performing wiper seal. Remove and clean the filter.To clean clogged nozzles, flush with water or lightly tap it on a firm surface. While the filter is out, turn on the sprinkler and flush out the sprinkler body. Reinstall the filter and nozzle, turn on the zone and recheck for effective coverage. Make all of the necessary adjustments to cover the area properly. While the water is on, inspect the other heads in the zone for proper operation.To clean filters installed under the pop up stem, unscrew the cap from the body. Don’t allow dirt to fall into the sprinkler body while the riser assembly and cap are removed.The filter is at the bottom of the riser assembly. Remove it and flush it with water. Before reinstalling the assembly, run a small amount of water through the system to flush any debris caught in the sprinkler body.It’s very important to replace broken or poorly performing sprinkler heads. When a specific sprinkler isn’t operating as it’s designed or if water is flowing freely because of a worn wiper seal, the performance of all the other heads in the zone is affected. Water flowing unchecked past a wiper seal will cause a loss in pressure and affect the other sprinklers’ performances.Valve problems can be hard to fix. Check with a professional if you think you have valve troubles.last_img read more

Lessons from McDonalds

first_img 88SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Denise Wymore Denise started her credit union career over 30 years ago as a Teller for Pacific NW Federal Credit Union in Portland, Oregon. She moved up and around the org. chart … Web: www.nacuso.org Details I have been working in credit unions since June 18, 1980. That was the day I started my career as a teller at Pacific NW Federal Credit Union in Portland, Oregon. It was a Government employees credit union. We were allowed to smoke in the office. The only rule was when a member came to our window, you should put your cigarette down in your ashtray (which had the CU logo and was provided by HR). I’m not kidding. We had computers but there was no screen. If you wanted to get a member’s balance you punched in some code, crammed a card into the top of the typewriter wheel and pressed print. A great many trees were killed back then. This small credit union did not have the luxury of a greeter station or even an MSR position. So new accounts, new CDs, everything but loans were done on the teller line. I remember us having a “Lucky 13” party to celebrate hitting $13 million in assets. About the same time I was promoted to the newly created position of Member Service Rep. I had a desk, a renewed sense of purpose, my own business cards and most importantly a box on the organizational chart. On my first day HR showed me the org. chart. I had never seen such a thing and so asked the obvious question, “Where are the tellers?” She held up the piece of paper and waved her hand below it and said “Down here.” So you can see how excited I was to basically exist. We were growing at a pretty rapid pace and I saw more changes in the structure. Generalists becoming specialists at such important tasks as typing up a certificate of deposit.Three years later I left Pacific NW for greener pastures and a chance to learn more. I went to work for United Grocers FCU. This credit union served independent grocers who pooled their resources to try and compete with the large chains by centralizing their distribution and back-office functions. Pretty slick. The credit union was located across the street from the warehouse in a house. The living room and dining room made up the lobby, complete with one teller window. The President’s office was in the bedroom and our back office was the kitchen. We had one desk where a member could sit for a longer transaction like getting a loan. We were a staff of 4 with $6 million in assets. And other than the accounting (which was mostly done with General Ledger books still and the job of the President) we all knew how to do everything. Teller transactions, open a checking account, take a loan application, close a loan. I made $750.00 a month.Fast forward to today. I heard a friend say that their credit union was working on creating “Universal Employees” in all of their branches. I had not heard this phrase before so I asked her what that meant. She told me that members don’t like it when they get passed around from desk to desk to get things done so they are cross-training all member facing employees to be “generalists” so they can open an account, take a loan application, close a loan…etc.  So what I heard is they are a $600 million credit union that wants to act like a $6 million CU.Bigger is not better. In fact in all my years I have found that the bigger the credit union the more complicated the processes seem to become. Case in point: Back in 1984 we could get a loan out the door the same day using a manual typewriter to type the loan documents (in triplicate with carbon paper – liquid paper anyone?) and a dial-up modem to retrieve a credit report (not a score – there was no such thing) and a Burroughs machine to calculate the monthly payment.Today at many credit unions it takes 24-48 hours to get an auto loan out the door (unless you’re an indirect auto loan which are super speedy because there is built in incentive to do so).With the exception of online banking, and yes, I’ll acknowledge increased regulation, the tasks have not changed much in 37 years. Getting a loan out the door should be crazy fast now, and it’s not rocket science. I will acknowledge that I think many credit unions are stuck in the rut of trying to be all things to all people. They’ll offer 5 different checking accounts, IRAs, HSAs, Trust Accounts, Mortgage Loans, Business Accounts, etc. I see the need for specialists when this is the case. And maybe therein lies the problem and a possible solution. Get back to the basics, what do our members really want?I just saw the movie The Founder. The story of Ray Kroc and McDonald’s. The movie sought to expose the fraud of Ray Kroc – he technically wasn’t the “founder” of McDonald’s but rather he “found” the McDonald’s brothers and their revolutionary model that was the birth place of fast food. Mac and Dick McDonald had a full service restaurant with 37 items on the menu. They saw their business boom and then decline and eventually it flatlined. As Dick was closing the books one month he noticed that 3 items represented 87% of their sales. Burgers, fries and soft drinks. He convinced his brother to shut down the restaurant and retool the entire kitchen to deliver only 3 items in 30 seconds. It was revolutionary. It eliminated dishes, silverware, wait staff. And overnight it was a hit with families who could buy a burger for 15 cents! Nothing fancy, four dots of ketchup, four dots of mustard, a sprinkle of onion and a burger patty on a bun, wrapped in paper.What is our burger, fries and shake?last_img read more

Pass plan now to easily allow CUs to accept marijuana business: CUNA

first_imgCUNA is pushing Congress to protect credit unions when they do business with marijuana-related businesses and would like the Senate to attach that provision to the criminal justice overhaul bill now on the Senate floor.If the Senate fails to attach it to that fast-moving measure, CUNA asked Senate leaders to pass such legislation as quickly as possible.“Right now, the communities in which cannabis businesses operate and the credit unions and other financial institutions that are trying to serve these businesses face a number of risks – some of which are known, others which are unknown, but all which can be mitigated through legislation that provides a safe harbor to bank these businesses,” said CUNA Chief Advocacy Officer Ryan Donovan. “If not through this legislation, we hope Congress will act on this matter as soon as possible.”The Senate on Monday invoked cloture on the criminal justice bill, which would revise several federal criminal sentencing laws. Supporters of the measure consider the bill to be a fragile compromise and want to fight off many amendments that have been filed. The Senate is expected to vote on the bill this week and send it to the House, where supporters hope to pass it and send it to President Trump. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Driver Killed in Deer Park Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A male driver was killed early Saturday morning in Deer Park after hitting a snow bank and crashing into a cement wall, Suffolk County police said. The motorist, who was not immediately identified, was driving a 2007 Mercedes Benz E350 at 2:40 a.m. when his vehicle left the road and crashed on Grand Avenue, near West 2nd Street, striking a cement wall and dumpster, police said. The impact of the crash caused the driver to be ejected from the vehicle, police said. The driver was pronounced dead at the scene, police said.No one else was inside the vehicle.last_img read more