CUNA attends NCUA webinar on TCCUSF closure plans

first_imgCUNA staff attended Wednesday’s NCUA webinar on its planned closure of the Temporary Corporate Credit Union Stabilization Fund. The NCUA issued a request for comment on a plan to close the stabilization fund at its July meeting, comments on which are due Sept. 5.“It’s very important we get feedback from stakeholders by the Sept. 5 deadline,” said Larry Fazio, director of NCUA’s Office of Examination and Insurance. “If we’re not able to close the fund by the end of this year, based on statute, we would not be able to make any distributions until 2019, that’s why time is of the essence to have the board act on this.”Under the plan NCUA seeks input on, the stabilization fund would be shut down Oct. 1 and a distribution would be made in the second quarter of 2018.The projected 2018 distribution to credit unions would be $600 to $800 million with a total projected distribution of $1.4 to $1.7 billion, with the balance to be paid at a later date. 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Barry set for further Everton talks

first_imgEverton are expected to hold further talks with midfielder Gareth Barry this week over a permanent deal at Goodison Park. The 33-year-old spent last season on loan with the Toffees from Manchester City and manager Roberto Martinez believes the club and Barry are a “perfect fit”. Since his contract at the Etihad Stadium expired Barry has been free to talk to other clubs but Press Association Sport understands the former England international is scheduled to meet Everton officials in the coming days. “For us he would be an important player for the future but we respect him as a human being and we are going to accept whatever he decides and make sure whatever happens we are here to support him in every aspect. “He has been a special player for us and we will try to give him an incentive to stay even though there is nothing you can say to a player who has experienced everything in the last 10 months. “Football happiness is a major aspect any footballer chases and Gareth and Everton are a perfect fit and the way he has been performing shows he has that footballing happiness. “We all know what Gareth brings and how important that is.” The club remain optimistic of securing a player who was a key component in their success last season. At the moment there are still other parties interested in Barry but the familiarity of Everton, in addition to their proximity which would avoid the necessity to relocate, appear to have put the Merseysiders ahead in the race. Transfer dealings on a number of targets are taking time and have been complicated slightly by the presence of Martinez in Brazil, where he is working as television pundit. The Spaniard will not return to England until late next week and that should see the recruitment drive pick up pace. He always expected this to be a drawn-out summer in terms of new signings but retaining the services of Barry was near the top of his list of things to get done. However, Martinez has given the midfielder the time and space to consider his next move rather than trying to pressure him in order to get the deal done. “In a World Cup summer everything goes slow and everything happens at its own pace,” Martinez told Press Association Sport. “Gareth is such a unique person, I have been so impressed and I think everyone at the club has taken to him. Press Associationlast_img read more

Human sundial poject nearly complete at Peace Park

first_imgThe stencils were generously donated by Busy Bee Signs and Graphics and the Boyd Christenson from Russ’ Body Shop volunteered his time to do the sandblasting.In order for the sundial to accurately reflect the time, the location of the stencils had to be precise. In order to obtain those precise measurements, Dale Hansen of the beautification committee turned to Modern Sunclocks, a Scotland-based company. He said the company provided him with the exact location of the sundial – 55.75 degrees north longitude, 120.23 degrees west latitude – and how to space the numbers on the clock according to that location and the date.The sundial was also engraved with the quote – “The shadow by my finger cast, divides the future from the past” – a very popular motto to include with sundials.  – Advertisement -Not only will the human sundial provide the community with a new interactive feature at Peace Park, but it is also meant to honour the late Edna McPhail, a long-serving member of the beautification committee and champion of many community projects – including the Dawson Creek Art Gallery – who passed away in 2008 at the age of 85.There are just a few finishing touches needed to complete the sundial project, including a commemorative plaque that will be erected there. A grand opening ceremony is expected within the next couple of weeks.last_img read more