Compliance: CUNA finds answers to Form 1098 questions

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Since CUNA’s compliance staff compiled a list of changes in mortgage interest reporting under the IRS’s Form 1098, several questions have arisen. CUNA’s compliance staff has been able to connect with a coalition of consumer mortgage lenders to find some answers.The changes to Form 1098 stem from the signing into law of last year’s Surface Transportation Act. It stipulates that additional information must be included in the form, and it must be present on forms issued to credit unions members after Dec. 31.The added information that will be required is:The amount of outstanding principal of the mortgage as of the beginning of the calendar year;The loan origination date of the origination of the mortgage; andThe address (or other description in the case of property without an address) of the property that secures the mortgage.Several questions have been asked about the amount of outstanding principal at the beginning of the year. Per CUNA staff, this amount can be reported as the principal balance as of Jan. 1, 2016.last_img read more

Supporting CUNA’s awareness campaign is a matter of survival for credit unions. Yes, survival.

first_imgWould you be surprised to learn that credit unions’ market share has been flat, hovering around 7%, for the past 30 years? If that surprises you, you’ll probably be positively shocked to learn that many credit union leaders believe that our already-puny slice of the financial services pie could actually cease to exist if we don’t come together now to address the misconceptions that consumers have about credit unions as a whole.Gone are the days when individual credit unions could stumble along, not worry too much about competitors or innovation, and expect their institution will be okay. That’s not today’s reality. The pace of change in financial services is such that we simply can no longer survive squirreled away in our little niches. Yet none of us is big enough or rich enough to do it on our own. So, as has been the case with so many other successes in our industry, we need to band together in a collaborative way to make some big changes in how America sees credit unions.That is what CUNA’s Open Your Eyes campaign is about. The campaign is rooted in research showing that while 92% of consumers have heard of a credit union, 72% aren’t likely to consider using a credit union. That’s because: 1. they think we’re not everywhere, so it would be hard to get to their money; and 2. they think they can’t join.You and I know those things aren’t true. But, no matter how effective our individual brand marketing is, it can’t effectively reverse those misconceptions which are at the heart of the “consideration problem” we all face as credit unions.Unlike many marketing programs which seek to boost immediate sales, the Open Your Eyes campaign seeks to boost the credit union category over the long term – creating new perceptions and new memories about credit unions among large numbers of people over a long time. The campaign needs to be sustained over time because we don’t buy checking accounts or mortgages like we buy groceries. It might be a year, two years or even longer before a person makes a major financial decision. And when they do, we as credit unions need to be right at the front of their mind so they come and check us out.There are lots of other issues affecting credit unions that I’m truly passionate about resolving. D.E.I. (diversity, equity and inclusion) is right around the top. But, guess what? None of that matters if we’re out of business. Providing substantive support of CUNA’s Open Your Eyes initiative is one of the smartest moves any credit union executive can make to ensure that the movement survives and is able to continue transforming lives and making the world a better place. 25SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Teresa Freeborn As President and Chief Executive of Xceed Financial Credit Union since 2006, Teresa Freeborn oversees all aspects of the Credit Union’s strategies and operations. With nearly $1 billion in assets … Web: https://www.xfcu.org Detailslast_img read more

3 armed men break into Waverly house, victim hurt

first_imgThe police department says the New York State Police Forensic Identification unit is assisting with the investigation. No arrests were announced. The female was hurt in the robbery and is being treated at the hospital for a head injury, police say. WAVERLY (WBNG) — Officers in Waverly are investigating an armed home invasion that occurred on Chemung Street Thursday afternoon.center_img The Waverly Police Department says three males armed with handguns forced their way inside the home of an elderly resident and one female. Police say the intruders demanded and stole money from the residence. last_img

Dani Ceballos tells Arsenal boss Mikel Arteta he wants to leave club

first_imgCeballos has struggled for game time since returning from injury (Picture: Getty)Dani Ceballos has informed Mikel Arteta he wants to cancel his loan deal at Arsenal, according to reports in Spain.The midfielder has not played since November and has not played a single minute of first team football under Arteta, despite having recovered from a hamstring injury.Ceballos is desperate for game time ahead of the European Championships in the summer and AS claim he has asked Real Madrid to find him another club.The Spain international has been disappointed with his playing time since Arteta took charge and is keen to finalise a loan switch to another side.ADVERTISEMENTMadrid are prepared to terminate Ceballos’ loan, just as they did with Lunin and Jorge de Frutos and intend to do with Wolves’ Jesus Vallejo.AdvertisementAdvertisementCeballos joined Arsenal amid much fanfare last summer and made an excellent start to life under Unai Emery. Advertisement Dani Ceballos tells Arsenal boss Mikel Arteta he wants to leave club Coral BarryThursday 23 Jan 2020 8:02 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.4kShares Advertisementcenter_img Comment Arteta has not used Ceballos yet (Picture: Getty)However, the 23-year-old’s early signs of promise quickly faded and an injury then forced Ceballos to miss 11 games.Arteta has attempted to boost morale and work-rate at Arsenal since becoming their head coach and has so far not looked to Ceballos.Ceballos has sat on the bench for Arsenal’s last two Premier League games and sparked rumours of an imminent exit following the 2-2 draw against Chelsea.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityIn a reply to an Instagram post from Hector Bellerin, Ceballos said he would miss the defender’s goals, leading Arsenal fans to speculate he was angling for a quick exit.While Ceballos appears eager to leave, Arteta has asked Arsenal for reinforcements this month.A busy summer has left Arsenal short on transfer funds and the club are focusing their efforts on securing loan deals. Arteta praises Arsenal for 2-2 against ChelseaTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 5:20FullscreenArteta praises Arsenal for 2-2 against Chelseahttps://metro.co.uk/video/arteta-praises-arsenal-2-2-against-chelsea-2093128/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.MORE: Pierre-Emerick Aubameyang tells Barcelona he would join them from ArsenalMORE: Mykola Matviyenko fuels rumours he’s set for Arsenal transfer move this Januarylast_img read more

Teen prostitute attacked at knifepoint

first_imgTVNZ 12 June 2012A 16-year-old prostitute was picked up in Manurewa and forced to have sex at knifepoint over the weekend, police have said.The case comes following a weekend sting in an area notorious for underage prostitution where police say even teens not working as sex-workers are being approached by men cruising for sex.Counties Manukau police detective senior sergeant Richard Wilkie said police were investigating allegations the teenager was forced to have sex at knifepoint after being picked up in Northcrest on Sunday.Police are trying to deter underage prostitutes from working around Northcrest and Southmall for their own safety. Prostitutes must be 18 to legally work in New Zealand.“Look what happens on the Sunday, one of them gets taken away at knife point.“The group we’re targeting is the young, underage people that are coming out and thinking this could be the life for them. We’re going to say, no, this isn’t the life for you and try and put them into care and back out doing something other than this.”http://tvnz.co.nz/national-news/teen-prostitute-attacked-knifepoint-4924869last_img read more

Breast cancer riskier for young women, blacks – study

first_img Share Share HealthInternationalLifestylePrint Breast cancer riskier for young women, blacks – study by: Associated Press – August 20, 2015 Share Tweetcenter_img A woman examines her breast for possible signs of breast cancer (File photo)CHICAGO (AP) — New research shows that chances of dying from very early breast cancer are small but the disease is riskier for young women and blacks, the same disparities seen for more advanced cancer.Death rates in the 20 years after diagnosis totalled about three per cent for women whose breast cancer was confined to a milk duct. The death rates were twice as high for those younger than 35 at diagnosis and in blacks — but still lower than those with more common invasive breast cancer.The findings will likely add to the debate over how to treat these early kinds of tumours that some have said should not even be considered a true cancer because they rarely spread.The study authors analyzed US government data on more than 100,000 women diagnosed from 1988 to 2011 with DCIS — ductal carcinoma in situ. Women were aged 54 on average at diagnosis.Though low, the risk of dying from breast cancer was almost twice as high as the breast cancer rate in the general population of US women, said Dr Steven Narod, the lead author and a senior scientist at Women’s College Research Institute in Toronto.More than 900 women died of breast cancer during the study years. Some had developed invasive disease in either breast, but more than 500 deaths were in women never diagnosed with a second tumour or recurrence, meaning their DCIS had likely spread before they received treatment, Narod said.The study was published Thursday in JAMA Oncology.DCIS will be found in about 60,000 US women this year, versus more than 230,000 women expected to be diagnosed with invasive breast cancer, the cancer society estimates. More women have been diagnosed with DCIS in recent years because of increased screening and better imaging techniques.Standard DCIS treatment is lumpectomy followed by radiation, although some women choose to have the entire breast or even both breasts removed. The study found that radiation reduced chances for disease recurrence but didn’t lower 20-year survival chances. That may lead some women to skip radiation, Narod said.By contrast, the results may lead some young women and blacks to seek more aggressive treatment including chemotherapy, although that isn’t usually recommended when the death rate is less than 10 percent, he said.“These are tough choices,” said Dr Len Lichtenfeld, the American Cancer Society’s deputy chief medical officer.Women diagnosed with DCIS shouldn’t panic, he said, because chances for being cured are good. Still, the study shows the disease can behave like invasive cancer and doctors should discuss rates for recurrence and death, and inform patients of all options, he said.Dr Richard Bleicher, a breast cancer expert at Fox Chase Cancer Center in Philadelphia, noted that the study lacked information that may have influenced women’s outcomes, including whether younger women who died had genetic mutations that may have put them at risk.A JAMA Oncology editorial says more research is needed to better understand the riskiest DCIS cases and to test treatment approaches that may reduce deaths. Sharing is caring! 212 Views   no discussionslast_img read more

8th People’s Parliament at Goodwill tonight

first_img Sharing is caring! 18 Views   no discussions Share Tweet LocalNews 8th People’s Parliament at Goodwill tonight by: – March 17, 2011center_img Share Share The 8th Peoples Parliament convenes at the Goodwill Parish Hall tomorrow Today March 17, 2011 at 7:00 pm.United Workers Party Parliamentarians and other members of the UWP Leadership will deliberate on various topics including the Economic Stalemate in Dominica, Electoral Reform, Parliament, Roseau Endangered and Issues Related to the Roseau North Constituency.The discussions will culminate with the involvement of the general public lead by a panel of UWP Parliamentarians.United Workers Party Press ReleasePhoto Credit: United Workers Party Websitelast_img read more

Final four rookie winners get Speedway Motors gift cards

first_imgLINCOLN, Neb. – The final four IMCA rookies winning career-first features during the 2013 point season have received $100 gift cards from Speedway Motors.Tom Quint won the Karl Chevrolet Northern SportMod main event at I-76 Speedway on Sept. 21.First-time Mach-1 Sport Compact winners were Taylor Kuper, at Hancock County Speedway on June 7; Kyren Porter, at Arlington Raceway on Sept. 21; and Richard Sides, at Summit Raceway on Sept. 27.In all, 87 rookie drivers received gift cards from Speedway Motors this season.last_img

All in the mind for McIlroy

first_img McIlroy won five times in 2012, including a second major title by eight shots in the US PGA Championship, but has posted just one top-five finish in 2013 since his controversial multi-million pound switch to Nike in January. The 24-year-old confessed to feeling “a little lost” as he missed the cut in the Irish Open last month and again cut a downcast figure after he completed the back nine in 42, including putting off the 15th green into a bunker. Press Association A birdie on the 13th repaired some of the damage but the Northern Irishman then putted off the 15th green into a bunker and ran up his second double bogey in the space of four holes. McIlroy admitted he was suffering from a lack of confidence and could go back to working with a sports psychologist. “I’ve worked with Bob (Rotella) before a little bit. It could be beneficial to see someone like that again, we’ll see,” he added. “I felt like I struck the ball okay. So as long as I can somewhat get my mind in a better place, I can go out there and try and shoot a good score tomorrow. “I want to try to be here for the weekend. But the thing that I need to do tomorrow is just go out there and freewheel it and try and make birdies and try and play with that little bit of whatever it is I have usually. That’s what I’ve to try and go out and do tomorrow, even though it’s going to be tough to make birdies out there obviously.” “I don’t know what you can do,” the world number two said. “You’ve just got to try and play your way out of it. But it’s nothing to do with technique. It’s all mental out there. And then I just need to concentrate, obviously. “But sometimes I feel like I’m walking around out there and I’m unconscious. I just need to try to think more. I’m trying to focus and trying to concentrate. But I can’t really fathom it at the minute and it’s hard to stand up here and tell you guys what’s really wrong.” McIlroy walked off the course midway through the second round of his defence of the Honda Classic in March saying he was not in the “right place mentally” and threw one club in frustration and leant on another so hard that he bent the shaft out of shape in the final round of the US Open last month. After missing the cut in the Irish Open, McIlroy spent time in London testing more Nike drivers and insisted he had found the right one, but other parts of his game remain well below par. “I felt like I had made a lot of progress but then you shoot a round like this and you go back to the drawing board. I’m definitely under-thinking on the golf course, maybe over-thinking it off of it. “I feel like I got off to a decent start, made a couple of silly mental errors on the fourth and fifth, a good two on seven and had a chance to get back to even par on nine. The start of the back nine was not very good.” Bogeys at the 10th and 11th were followed by a double-bogey six at the 12th, McIlroy adding: “Going left of the pin on 12, when I had no right to be going anywhere near that pin, that’s just thoughtless. It’s just so brain dead. “Seriously, I feel like I’ve been walking around out there like that for the last couple of months. I’m trying to get out of it. I just don’t quite know why.” Rory McIlroy labelled himself “brain dead” and “unconscious” after slumping to a first round of 79 in the Open Championship at Muirfield.last_img read more

Swansea rule out Williams sale

first_imgSwansea defender Ashley Williams has been told he is not for sale this summer. “Swansea are very clear that Ashley is not for sale. Whatever offer comes in, he is not going to be sold. “That’s the option they’ve got and we’re comfortable with that. We respect that because he’s their player, he’s under contract.” Moralee admitted Swansea could cash in on Williams now or allow him to leave the Liberty Stadium for nothing in a year’s time, but indicated that an extended stay at the Liberty Stadium is his preferred option. He added: “If Ashley signs another contract at Swansea, he will probably end his career there. I’d like to think we can reach an agreement because that is Ash’s preferred option.” Sunderland have registered their interest in Williams, to date with little encouragement from his current employers, but Moralee believes the Black Cats will not allow the matter to rest. He said: “Sunderland have made it clear that they will just keep bidding and bidding. They want the player and I understand that. “Sunderland are trying to get their business done early, while others prefer to wait. It’s too early for a big decision, but the transfer window has only just opened. Hopefully things will move along in the next week or so.” Press Associationcenter_img The 29-year-old, who is wanted by Sunderland among others, has a year remaining on his current deal and the Swans do not want to lose him. His representative, Jamie Moralee, told the South Wales Evening Post: “At the moment, there have been some bids coming in. Swansea have rejected those because they think Ash is important – everyone’s clear on that. last_img read more