Serving the Underserved: Initiatives to Broaden Access to the Financial Mainstream. Thursday, June 26, A.M.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Serving the Underserved: Initiatives to Broaden Access to the Financial Mainstream. Thursday, June 26, 2003 10 A.M."

Transcription

1 Testimny f James E. Yung, President & CEO Citizens Trust Bank Atlanta, Gergia Befre U. S. Huse f Representatives Subcmmittee n Financial Institutins and Cnsumer Credit Hearing 2128 Rayburn Huse Office Building Hn. Spencer Bachus, Chairman Serving the Underserved: Initiatives t Braden Access t the Financial Mainstream Thursday, June 26, A.M. Mr. Chairman, and distinguished Members f this imprtant Subcmmittee; I am pleased t appear befre yu tday t ffer cmments n the tpic: Serving the Underserved: Initiatives t Braden Access t the Financial Mainstream. I thank yu fr the invitatin and pprtunity. Yu are t be cmmended fr hlding hearings n this matter, best knwn in the financial services area as Banking the Un-banked. I am here representing Citizens Trust Bank; headquartered in Atlanta, Gergia. I. CTB Histry: Citizens Trust Bank was funded in 1921 and is currently the sutheast s largest African-American wned cmmercial bank Citizens Trust Bank is the third largest African American wned cmmercial bank in the natin, with nearly $400 millin in ttal assets. Citizens Trust Bank is a Cmmunity Develpment Financial Institutin (CDFI), a designatin received frm the U.S. Treasury Department by bank s and ther Page 1

2 financial institutins with a primary missin f prmting and meeting cmmunity develpment needs in distressed areas f its market area. Recently, Citizens Trust acquired the histric Citizens Federal Savings Bank f Birmingham, AL and currently has 11 branches thrughut metrplitan Atlanta and Clumbus, Gergia, tw branches in Birmingham, and ne in Eutaw, Alabama. II. Ecnmic Trends and Necessity: In the cntext f hw the financial services industry currently wrks, lw-incme citizens must establish a depsit accunt as a means t enter the financial mainstream and begin asset accumulatin. It is als my cntentin that ecnmic vitality can flurish in lw-incme cmmunities - - If significant numbers f the cmmunity are able t mve frward n asset building tracks. Therefre, access t the financial mainstream fr the un-banked is mre than simply being able t pen bank accunts. Indeed, equal access t the financial mainstream is a critical cmpnent f lcal develpment. Insured depsitries shuld take n prviding such access. In general these institutins ffer useful services t supprt an individual asset building prgram by: Taking direct depsits, prviding a safe place fr electrnic payrlls, gvernment benefit checks and ther depsits t be received. Prmting savings by paying interest and ften limiting access t funds n depsit. Page 2

3 Prviding accunt statements t track their savings r checking balances and interest earned. Prviding access t regulated lan prducts, which have minimum standards f custmer prtectin. Prviding a means t establish gd credit. Encuraging hme wnership thrugh mrtgage lans. Lwering the csts f basic financial services fr custmers with qualifying balances. Cmbining the delivery f financial services with infrmal custmer educatin n financial planning, including apprpriate lans and savings fr cllege, hme wnership, hme imprvement, r retirement. The questin is: What are the challenges facing mst mainstream financial institutins in making such banking services available t the un-banked? As a banker, I wuld submit the fllwing bservatins fr yur cnsideratin: 1. Such financial institutins d nt ffer the types f retail services that meet the particular needs f the un-banked because they d nt find such transactins cst effective. 2. Many lw-incme custmers need persnal high-tuch services at dd hurs. Page 3

4 3. In additin, many banks and credit unins prefer nt t underwrite the small, shrt-term lans thse lw-incme custmers require. Because lw-incme husehlds barely have sufficient funds t meet their day-tday needs, many need shrt-term credit especially when unexpected expenses arise. 4. Prfile f an Un-banked Individual: 1. Histry f bunced checks 2. Accunt clsures 3. Pr financial management 4. Cash nly basis fr husehld 5. Lw t middle incme levels Therefre, the challenge in banks and ther financial institutins face in prviding banking services t the un-banked is that they must build a significant vlume f custmers with an array f prducts and level f service that a) meets the immediate financial needs f the unbanked b) builds an strng interest n the part f the un-banked in establishing a depsit accunt and a healthy credit relatinship that prmtes asset accumulatin, and c) turn a prfit. Many studies by such rganizatins as the Natinal Cmmunity Investment Fund, Fannie Mae, and the Federal Reserve Bank Bard, have been cnducted t quantify and explain the high prprtin f Americans wh have n checking and savings accunts in regulated banks and credit unin. Page 4

5 The Natinal Cmmunity Investment Fund is an independent trust and certified cmmunity develpment financial institutin whse missin is t increase the number and capacity f dmestic, depsitry institutins that are bth effective agents f lcal cmmunity develpment and sund financial institutins. In May, with the supprt f a grant frm the FannieMae Fundatin, the NCIF cnducted a cmprehensive study n the un-banked and published ne f the mst thrugh reprts that I have read n the subject. The reprt is entitled A Reprt n Innvative Prducts and Services fr Lw Incme and Un-banked Custmers and was published in May f In rder t supprt the prducts and services described in NCIF s reprt, I believe that cmmunity banks, thse relatively small and lcally based financial institutins are best prepared. Ging farther, minrity-wned financial institutins are even mre fcused n cmmunities where ur lw-t-mderate- incme fellw citizens live. The fact f the matter is that the initial wners funded these institutins with that ntin in mind. They remain in thse cmmunities tday althugh mst f them were funded mre than fifty (50) years ag. Tday, there are 167 minrity depsitry banks in the United States. Of these 49 are Black r African-American; 69 are Asian r Pacific Islander American; 30 are Hispanic-American; 17 are Native American r Alaskan Native American and 2 are Multi-Racial American. These banks are lcated in 96 cities and 30 states and 2 U. S. territries. In the aggregate, these institutins cntrl sme $93 billin in assets. Hwever, it shuld be nted that there are n special charters granted t these banks and they must cmply with all the banking laws and regulatins gverning all banks. While almst all are Page 5

6 prfitable and meet minimum capital requirements, they can ill affrd t incur the lsses attributed t prviding nrmal banking services t the un-banked. There have been funding initiatives by the federal gvernment such as the Bank Enterprise Award Prgram f the U. S. Treasury Department and the mst recent New Markets Tax Credit Allcatin prgram administered by the same department. Hwever, when applying fr such funding, minrity-wned banks find themselves cmpeting fr the limited resurces against much larger majrity-wned financial institutins. The result is that many f these smaller minritywned financial institutins are ften verlked and shut ff frm the kind f financial supprt needed t ffer nrmal banking services in disadvantaged cmmunities. While yu invited me her t make cmments, I wuld als like t make the fllwing recmmendatins fr yur cnsideratin: 1. Frm a true partnership with minrity-wned banks in this cuntry t fster the implementatin f the innvative prducts that are described in the NCIF Reprt. These institutins need t have initiative funds allcated t nly thse banks. After all, these institutins are already heavily regulated, regularly examined by gvernment agencies and have t meet strict criteria fr the maintenance f their respective banking charters. 2. One f the critical prblems facing the natin is financial illiteracy. Our children are nt being taught the imprtance f participating in the financial mainstream, even thugh they attend public schl daily. If we must teach science, math and the arts, surely ur presence here dictates that we empwer ur children in financial matters lng befre they are ready t be first time hmebuyers r befre they becme un-bankable. Page 6

7 3. Within this city is the Natinal Bankers Assciatin, which is the seventy year-ld trade rganizatin fr the natin s minrity-wned banks. It represents a cnvenient access t thse banks that have labred lng and hard t prvide the affrdable banking services we all wuld like t see available t all. Thank yu again and as I stated at the utset, access t the financial mainstream fr the unbanked is mre than simply being able t pen bank accunts. Indeed, equal access t the financial mainstream is a critical cmpnent f lcal develpment. Page 7

8 Page 8

9 Page 9

Introduction to the Community Reinvestment Act Housing Action Illinois 2015 Housing Matters! Conference

Introduction to the Community Reinvestment Act Housing Action Illinois 2015 Housing Matters! Conference Intrductin t the Cmmunity Reinvestment Act Husing Actin Illinis 2015 Husing Matters! Cnference Nvember 5, 2015 Develping Bank Partnerships Bank Mtives fr Partnerships: l Welfare f the cmmunity and the

More information

PLANNING FOR QUALITY CARE AND INDEPENDENCE. Why you need to plan for long-term care assistance, and what funding options are available.

PLANNING FOR QUALITY CARE AND INDEPENDENCE. Why you need to plan for long-term care assistance, and what funding options are available. PLANNING FOR QUALITY CARE AND INDEPENDENCE Why yu need t plan fr lng-term care assistance, and what funding ptins are available. PLANNING FOR QUALITY CARE AND INDEPENDENCE The value f planning ahead The

More information

The Allstate Foundation Domestic Violence Program 2015 Moving Ahead Financial Empowerment Grant

The Allstate Foundation Domestic Violence Program 2015 Moving Ahead Financial Empowerment Grant The Allstate Fundatin Dmestic Vilence Prgram 2015 Mving Ahead Financial Empwerment Grant Due Date: September 1, 2015 Online applicatin: https://www.grantrequest.cm/sid_1010?sa=sna&fid=35296 The Allstate

More information

CONTENTS UNDERSTANDING PPACA. Implications of PPACA Relative to Student Athletes. Institution Level Discussion/Decisions.

CONTENTS UNDERSTANDING PPACA. Implications of PPACA Relative to Student Athletes. Institution Level Discussion/Decisions. This dcument is intended t prvide NCAA member institutins with an infrmatinal guide regarding the ptential implicatins f the Patient Prtectin and Affrdable Care Act f 2010 (PPACA) when fully implemented

More information

RI Student Loan Authority

RI Student Loan Authority RI Student Lan Authrity Executive Summary f Strategic Plan Apprved by RISLA Bard f Directrs Octber 17, 2014 Missin Statement: Cnsistent with the authrity granted by the General Assembly f the State f Rhde

More information

WHAT YOU NEED TO KNOW ABOUT. Protecting your Privacy

WHAT YOU NEED TO KNOW ABOUT. Protecting your Privacy WHAT YOU NEED TO KNOW ABOUT Prtecting yur Privacy YOUR PRIVACY IS OUR PRIORITY Credit unins have a histry f respecting the privacy f ur members and custmers. Yur Bard f Directrs has adpted the Credit Unin

More information

A Quick Read on the State of Small Business and the Small Business Success Index 2009 Baseline Study of Small Business Success

A Quick Read on the State of Small Business and the Small Business Success Index 2009 Baseline Study of Small Business Success A Quick Read n the State f Small Business and the Small Business Success Index 2009 Baseline Study f Small Business Success March 12, 2009 Spnsred by: Netwrk Slutins, LLC and Rbert H. Smith Schl f Business,

More information

1. What insurance coverage is provided for Sigma Chi chapters that are members of the Risk Management Foundation?

1. What insurance coverage is provided for Sigma Chi chapters that are members of the Risk Management Foundation? Frequently Asked Questins 1. What insurance cverage is prvided fr Sigma Chi chapters that are members f the Risk Management Fundatin? Membership in the Risk Management Fundatin includes the fllwing mandatry

More information

on your great performance on the PSAT/NMSQT, Lucy

on your great performance on the PSAT/NMSQT, Lucy CONGRATULATIONS n yur great perfrmance n the PSAT/NMSQT, Lucy We knw there s a lt t cnsider when chsing a cllege this brchure will help yu get started. It s full f everything yu need t keep the mmentum

More information

SUMMARY OF SURVEY FINDINGS

SUMMARY OF SURVEY FINDINGS MEMORANDUM TO: Allstate FROM: FTI Cnsulting DATE: 05 / 29 / 2015 RE: Allstate/Natinal Jurnal Heartland Mnitr XXIII Key Findings This memrandum utlines key findings frm a natinal survey f American adults

More information

President Obama and Secretary Geithner Announce Plans to Unlock Credit for Small Businesses

President Obama and Secretary Geithner Announce Plans to Unlock Credit for Small Businesses THE WHITE HOUSE Office f the Press Secretary FOR IMMEDIATE RELEASE March 16, 2009 President Obama and Secretary Geithner Annunce Plans t Unlck Credit fr Small Businesses Emphasizes Recvery Effrts Already

More information

FundingEdge. Guide to Business Cash Advance & Bank Statement Loan Programs

FundingEdge. Guide to Business Cash Advance & Bank Statement Loan Programs Guide t Business Cash Advance & Bank Statement Lan Prgrams Cash Advances: $2,500 - $1,000,000 Business Bank Statement Lans: $5,000 - $500,000 Canada Cash Advances: $5,000 - $500,000 (must have 9 mnths

More information

Please provide a 2-3 sentence summary of your proposal: Financial Profile of Organization:

Please provide a 2-3 sentence summary of your proposal: Financial Profile of Organization: Name f Applicant Organizatin: Address: City, State, Zip: Phne: Fax: Email: Primary Cntact & Title: Federal EIN Number: Website: Age f Organizatin: Please prvide a 2-3 sentence summary f yur prpsal: Financial

More information

What broader insights would you want to explore first to answer the CEO s questions?

What broader insights would you want to explore first to answer the CEO s questions? Setup The CEO f a majr client has requested a shrt-term study examining a small part f the client s prduct prtfli. The cmpany has a small divisin that manufactures autmatic drip cffeemakers fr the US and

More information

TO: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel

TO: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel AL 96-7 Subject: Credit Card Preapprved Slicitatins TO: Chief Executive Officers f all Natinal Banks, Department and Divisin Heads, and all Examining Persnnel PURPOSE The purpse f this advisry letter is

More information

THE MAKE IT WORK CAMPAIGN S POLICY PROPOSAL ON CAREGIVING: CHILD CARE, EARLY EDUCATION, AFTER SCHOOL CARE AND LONG-TERM CARE

THE MAKE IT WORK CAMPAIGN S POLICY PROPOSAL ON CAREGIVING: CHILD CARE, EARLY EDUCATION, AFTER SCHOOL CARE AND LONG-TERM CARE THE MAKE IT WORK CAMPAIGN S POLICY PROPOSAL ON CAREGIVING: CHILD CARE, EARLY EDUCATION, AFTER SCHOOL CARE AND LONG-TERM CARE POLICY PROPOSAL ON CHILD CARE, EARLY EDUCATION, AFTER SCHOOL CARE As child care

More information

Graduate Faculty Committee Doc. No. 1127 Approved January 26, 2009

Graduate Faculty Committee Doc. No. 1127 Approved January 26, 2009 Graduate Faculty Cmmittee Dc. N. 1127 Apprved January 26, 2009 RECOMMENDATION OF THE SUBCOMMITTEE ON GRADUATE COURSE AND CURRICULUM AND THE FACULTY OF THE SCHOOL OF EDUCATION FOR AN ENTITLEMENT TO PLAN

More information

AMWA Chapter Subgroups on LinkedIn Guidance for Subgroup Managers and Chapter Leaders, updated 2-12-15

AMWA Chapter Subgroups on LinkedIn Guidance for Subgroup Managers and Chapter Leaders, updated 2-12-15 AMWA Chapter Subgrups n LinkedIn Guidance fr Subgrup Managers and Chapter Leaders, updated 2-12-15 1. Chapters may nt have an independent grup n LinkedIn, Facebk, r ther scial netwrking site. AMWA prvides

More information

E-ALERT Financial Institutions

E-ALERT Financial Institutions E-ALERT Financial Institutins BEIJING BRUSSELS LONDON NEW YORK SAN DIEGO SAN FRANCISCO SILICON VALLEY WASHINGTON www.cv.cm March 19, 2010 SENATE FINANCIAL REFORM LEGISLATION ADDRESSES PROPRIETARY TRADING

More information

Annuities and Senior Citizens

Annuities and Senior Citizens Illinis Insurance Facts Illinis Department f Insurance January 2010 Annuities and Senir Citizens Nte: This infrmatin was develped t prvide cnsumers with general infrmatin and guidance abut insurance cverages

More information

Housing First: A New Approach to Ending Homelessness for Families

Housing First: A New Approach to Ending Homelessness for Families THE NATIONAL ALLIANCE TO END HOMELESSNESS, INC. Husing First: A New Apprach t Ending Hmelessness fr Families Many cmmunities are adpting a Husing First apprach t ending hmelessness fr families. The apprach

More information

FREEDOM 1. Smart Saver Flexible Premium Deferred Annuity Underwritten by USA Life One. Agent Product Brochure. For Agent Use Only

FREEDOM 1. Smart Saver Flexible Premium Deferred Annuity Underwritten by USA Life One. Agent Product Brochure. For Agent Use Only Underwritten by USA Life One Agent Prduct Brchure Fr Agent Use Only Here is what we knw thus far: We knw that annuities have surrender perids. The average annuity surrender perid is smewhere between five

More information

The Importance of Market Research

The Importance of Market Research The Imprtance f Market Research 1. What is market research? Successful businesses have extensive knwledge f their custmers and their cmpetitrs. Market research is the prcess f gathering infrmatin which

More information

Information Guide Booklet. Home Loans

Information Guide Booklet. Home Loans Infrmatin Guide Bklet Hme Lans This Infrmatin Guide bklet prvides yu with general infrmatin nly. It will als help yu t better understand any recmmendatins we have made fr yu. Infrmatin Guide Hme Lans January

More information

CO-OP/STUDENT INTERN: Standard Operating Procedure Manual

CO-OP/STUDENT INTERN: Standard Operating Procedure Manual CO-OP/STUDENT INTERN: Standard Operating Table f Cntents Purpse... 2 Cincinnati s Educatinal Histry... 2 Missin... 3 Cre Values f Prgram... 3 Scpe f Prgram... 3 Prgram Recruitment... 4 On-barding... 5

More information

Financial advisory and taxation services in Australia

Financial advisory and taxation services in Australia Financial advisry and taxatin services in Australia CPA Australia The Institute f Chartered Accuntants in Australia The Natinal Institute f Accuntants Intrductin: Access t financial and tax advice Cnsumers

More information

Fixed vs. Variable Interest Rates

Fixed vs. Variable Interest Rates Fixed vs. Variable Interest Rates Understanding the Advantages and Disadvantages f Each Rate Type When shpping fr financial prducts, there are a lt f factrs t cnsider. Much has changed in the financial

More information

PLANNING AND HOUSING POLICY ADVISORY PANEL. 30 October 2012

PLANNING AND HOUSING POLICY ADVISORY PANEL. 30 October 2012 PLANNING AND HOUSING POLICY ADVISORY PANEL 30 Octber 2012 Held at Training Rm 1 - Elizabeth Huse, Stratfrd-upn-Avn Meeting cmmenced: 2.00 p.m. Meeting ended: 3.43 p.m. MINUTES Present: Aplgies: Cuncillr

More information

Phi Kappa Sigma International Fraternity Insurance Billing Methodology

Phi Kappa Sigma International Fraternity Insurance Billing Methodology Phi Kappa Sigma Internatinal Fraternity Insurance Billing Methdlgy The Phi Kappa Sigma Internatinal Fraternity Executive Bard implres each chapter t thrughly review the attached methdlgy and plan nw t

More information

FREQUENTLY ASKED QUESTIONS (FAQs)

FREQUENTLY ASKED QUESTIONS (FAQs) EMPLOYMENT PRACTICES LIABILITY fr small businesses FREQUENTLY ASKED QUESTIONS (FAQs) What is Emplyment Practices Liability Insurance? Emplyment Practices Liability (EPL) insurance prtects an emplyer frm

More information

Point2 Property Manager Quick Setup Guide

Point2 Property Manager Quick Setup Guide Click the Setup Tab Mst f what yu need t get started using Pint 2 Prperty Manager has already been taken care f fr yu. T begin setting up yur data in Pint2 Prperty Manager, make sure yu have cmpleted the

More information

A Guide to Buying Foreclosures

A Guide to Buying Foreclosures A Guide t Buying Freclsures Use this step by step guide t better understand the freclsure market and the prcess invlved in purchasing these prperties. 9 Steps t help yu buy a freclsure. A Guide t Buying

More information

TESTIMONY BEFORE THE SENATE FINANCE COMMITTEE HEARING ON CHARITIES AND CHARITABLE GIVING: PROPOSALS FOR REFORM BY THE HONORABLE LEON E.

TESTIMONY BEFORE THE SENATE FINANCE COMMITTEE HEARING ON CHARITIES AND CHARITABLE GIVING: PROPOSALS FOR REFORM BY THE HONORABLE LEON E. TESTIMONY BEFORE THE SENATE FINANCE COMMITTEE HEARING ON CHARITIES AND CHARITABLE GIVING: PROPOSALS FOR REFORM BY THE HONORABLE LEON E. PANETTA Mr. Chairman; Members f the Cmmittee: I am pleased t be here

More information

I. POLICY. their individual assets.

I. POLICY. their individual assets. PRINCIPLES AND PRACTICES BOARD SAMPLE 501(c)(3) HOSPITAL CHARITY CARE AND FINANCIAL ASSISTANCE POLICY AND PROCEDURES The Principles and Practices Bard (P&P Bard) undertk develping an illustrative plicy

More information

IMPROVING ADVISING AND MENTORING

IMPROVING ADVISING AND MENTORING Advising and Mentring IMPROVING ADVISING AND MENTORING OF GRADUATE AND PROFESSIONAL STUDENTS Advising is a key cmpnent in the successful cmpletin f a graduate degree. A gd advising relatinship crrelates

More information

Cornwall Partners in Care

Cornwall Partners in Care Crnwall Partners in Care Mving Frward Versin 2.0 8 th January 2014 By Richard Mnk Crnwall Partners in Care August 2013 Page 1 f 6 CPIC mving frward This dcument has been created t help prvide a little

More information

UBC Restricted Faculty Second Mortgage Loan Program Description of Key Terms

UBC Restricted Faculty Second Mortgage Loan Program Description of Key Terms UBC Restricted Faculty Secnd Mrtgage Lan Prgram Descriptin f Key Terms Updated February 4, 2014 The Restricted Resale Capped Appreciatin Prgram is ne f tw ptins in UBC s Hme Ownership Prgram intended t

More information

Southeast Michigan Disaster Recovery Talking Points

Southeast Michigan Disaster Recovery Talking Points Sutheast Michigan Disaster Recvery Talking Pints DR-4195-MI, The majr federal disaster declaratin signed by President Obama n September 25, 2014, ffers Individual and Public Assistance t Sutheast Michigan,

More information

BACHELOR OF SCIENCE IN NURSING

BACHELOR OF SCIENCE IN NURSING EXECUTIVE SUMMARY fr the BACHELOR OF SCIENCE IN NURSING Submitted t: The Flrida Department f Educatin by MIAMI DADE COLLEGE Schl f Nursing December 15, 2006 Miami Dade Cllege Prpsal fr a Bachelr f Science

More information

Corporations Q&A. Shareholders. 2006 Edward R. Alexander, Jr.

Corporations Q&A. Shareholders. 2006 Edward R. Alexander, Jr. Crpratins Q&A. What is a crpratin and why frm ne? A crpratin is a business entity that is separate and distinct frm its wners. It can enter cntracts, sue and be sued withut invlving its wners (the sharehlders).

More information

IFRS Discussion Group

IFRS Discussion Group IFRS Discussin Grup Reprt n the Public Meeting February 26, 2014 The IFRS Discussin Grup is a discussin frum nly. The Grup s purpse is t assist the Accunting Standards Bard (AcSB) regarding issues arising

More information

Thinking Different About Alternative Financing Options

Thinking Different About Alternative Financing Options Thinking Different Abut Alternative Financing Optins Christpher Mills Senir Business Develpment Officer Federal Natinal Cmmercial Credit This whitepaper will make yu think differently abut alternative

More information

THE MICROFINANCE ASSOCIATION Training Programme London, UK

THE MICROFINANCE ASSOCIATION Training Programme London, UK THE MICROFINANCE ASSOCIATION Training Prgramme 2016 Lndn, UK The Micrfinance Asscatin, Science and Innvatin Centre, NUCLEUS Brunel Way, DA1 5GA, United Kingdm Tel: +44 (0) 1322 312078 ade@micrfinanceaassciatin.rg

More information

Baltimore Conference Call with Director of Student Services 11-18-13

Baltimore Conference Call with Director of Student Services 11-18-13 Baltimre Cnference Call with Directr f Student Services 11-18-13 80,000 students 85% FRL Cntent f Cde Had 26,000 suspensins per year --- had a 24% drp in Year 1 after Cde changed Suspensin nw used as last

More information

ADVOCACY ALERT Action Needed SUPPORT FUNDING FOR THE ARTS EMAIL CAMPAIGN TODAY!

ADVOCACY ALERT Action Needed SUPPORT FUNDING FOR THE ARTS EMAIL CAMPAIGN TODAY! ADVOCACY ALERT Actin Needed SUPPORT FUNDING FOR THE ARTS EMAIL CAMPAIGN TODAY! Nvember 15, 2004 PACT is urging everyne in the culture cmmunity, including thse members f ur audience and lcal cmmunity wh

More information

VENDOR REGISTRATION AND DISCLOSURE STATEMENT AND SMALL, WOMEN-, AND MINORITY-OWNED BUSINESS CERTIFICATION APPLICATION

VENDOR REGISTRATION AND DISCLOSURE STATEMENT AND SMALL, WOMEN-, AND MINORITY-OWNED BUSINESS CERTIFICATION APPLICATION WV-1A New Update REV. 09/18/15 STATE OF WEST VIRGINIA - PURCHASING DIVISION VENDOR REGISTRATION AND DISCLOSURE STATEMENT AND SMALL, WOMEN-, AND MINORITY-OWNED BUSINESS CERTIFICATION APPLICATION Befre a

More information

Citizens, Inc. Reports First Quarter 2012 Results Investor conference call scheduled for Tuesday, May 8, at 10 a.m. CDT

Citizens, Inc. Reports First Quarter 2012 Results Investor conference call scheduled for Tuesday, May 8, at 10 a.m. CDT NEWS RELEASE FOR FURTHER INFORMATION CONTACT: Kay Osburn Chief Financial Officer (512) 837-7100 PR@citizensinc.cm FOR IMMEDIATE RELEASE May 7, 2012 Citizens, Inc. Reprts First Quarter 2012 Results Investr

More information

CHASE: YOUR RESOURCE FOR ALL YOUR FINANCIAL NEEDS

CHASE: YOUR RESOURCE FOR ALL YOUR FINANCIAL NEEDS CHASE: YOUR RESOURCE FOR ALL YOUR FINANCIAL NEEDS I lst tw dealerships when my manufacturer ended my franchise in 2009. Chase was the ONLY bank t help me get back in the game. Nt nly did they prvide me

More information

Commercial Executive Summary

Commercial Executive Summary Cmmercial Executive Summary Sample Cpyright 2014 Infrma Research Services, Inc. www.infrmars.cm 800.848.0218 Table f Cntents Intrductin and Key Findings.. 3 Executive Summary. 4 Bank A..... 5 Bank B...

More information

Captive outsourcing models

Captive outsourcing models Captive utsurcing mdels India TP hygiene wrkshp Presenter: Vishnu Bagri Octber 23, 2013 2013 Transfer Pricing Assciates Hlding B.V. BACKDROP + India has evlved as a premier utsurcing hub fr IT, ITES, engineering

More information

WHITE PAPER. Vendor Managed Inventory (VMI) is Not Just for A Items

WHITE PAPER. Vendor Managed Inventory (VMI) is Not Just for A Items WHITE PAPER Vendr Managed Inventry (VMI) is Nt Just fr A Items Why it s Critical fr Plumbing Manufacturers t als Manage Whlesalers B & C Items Executive Summary Prven Results fr VMI-managed SKUs*: Stck-uts

More information

Frequently Asked Questions

Frequently Asked Questions Frequently Asked Questins What is the Cncurrent Credit Prgram? The Cncurrent Credit Prgram is a partnership between Lenawee Christian Schl and lcal clleges that seek t empwer high schl students tward academic

More information

Here are some simple guidelines to follow for making wise investments:

Here are some simple guidelines to follow for making wise investments: FAQ - Investment 1. What affects the value f mney? Mney has a tendency t lse its value ver time because the price f gds and services has an upward tendency. This is called inflatin. Here are sme factrs

More information

Authorize.net Account Setup Instructions

Authorize.net Account Setup Instructions Authrize.net Accunt Setup Instructins Open www.authrize.net and click n Sign Up Nw, fllw the instructins fr creating an accunt and then prceed t selecting services and the instructins t cmplete the sign-up

More information

FAQs about Registration & Licensing in Dubai

FAQs about Registration & Licensing in Dubai FAQs abut Registratin & Licensing in Dubai Trade Names 1. Is it required t register a trade name in rder t apply fr an initial apprval? N, a trade name may be bked fr ne year renewable perid, against payment

More information

Senate Bills 962-963. Proof of Michigan Residency

Senate Bills 962-963. Proof of Michigan Residency Senate Bills 962-963 Prf f Michigan Residency Testimny f Terri L. Stangl Senate Transprtatin Cmmittee January 31, 2008 1:00 PM C ENTER F OR C IVIL J USTICE 320 Suth Washingtn, 2nd Flr Saginaw, Michigan

More information

How much life insurance do I need? Wrong question!

How much life insurance do I need? Wrong question! Hw much life insurance d I need? Wrng questin! We are ften asked this questin r sme variatin f it. We believe it is NOT the right questin t ask. What yu REALLY need is mney, cash. S the questin shuld be

More information

No change to K-3 poverty class size reduction vs 2011-12. No change to National Board Certification Bonuses vs 2011-12.

No change to K-3 poverty class size reduction vs 2011-12. No change to National Board Certification Bonuses vs 2011-12. There is $0 gap impact f the cnference budget vs current budget assumptins unless smene can quantify the admin pain f the K-12 health benefits bill. Belw is the cnference budget summary. Seattle Public

More information

Patient Participation Report

Patient Participation Report Patient Participatin Reprt In 2011, Westngrve Partnership decided t establish a PPG (Patient Participatin Grup) that wuld allw us t engage with ur patients, receive feedback frm them and ensure that they

More information

What payments will I need to make during the construction phase? Will the lender advance construction funds prior to the work being completed?

What payments will I need to make during the construction phase? Will the lender advance construction funds prior to the work being completed? Q&A What is a cnstructin lan? A cnstructin lan prvides the financing fr the cnstructin f yur new hme. Cnstructin lans may be structured as a single r tw-settlement transactin. Cnstructin lans culd include

More information

Special Tax Notice Regarding 403(b) (TSA) Distributions

Special Tax Notice Regarding 403(b) (TSA) Distributions Special Tax Ntice Regarding 403(b) (TSA) Distributins P.O. Bx 7893 Madisn, WI 53707-7893 1-800-279-4030 Fax: (608) 237-2529 The IRS requires us t prvide yu with a cpy f the Explanatin f Direct Rllver,

More information

Retirement Planning Options Annuities

Retirement Planning Options Annuities Retirement Planning Optins Annuities Everyne wants a glden retirement. But saving fr retirement is n easy task. The baby bmer generatin is graying. Mre and mre peple are appraching retirement age. With

More information

What Does Specialty Own Occupation Really Mean?

What Does Specialty Own Occupation Really Mean? What Des Specialty Own Occupatin Really Mean? Plicy definitins are cnfusing, nt nly t cnsumers but als t many f the insurance prfessinals wh sell them. Belw we will try t prvide an understandable explanatin

More information

MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016

MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016 MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016 The Manitba Securities Cmmissin (the Cmmissin) is a divisin f the Manitba Financial Services Agency (MFSA). The ther divisin is the Financial Institutins

More information

Succession Planning & Leadership Development: Your Utility s Bridge to the Future

Succession Planning & Leadership Development: Your Utility s Bridge to the Future Successin Planning & Leadership Develpment: Yur Utility s Bridge t the Future Richard L. Gerstberger, P.E. TAP Resurce Develpment Grup, Inc. 4625 West 32 nd Ave Denver, CO 80212 ABSTRACT A few years ag,

More information

Smart Rainy Day Planning: Key Considerations in Coordinating and Maximizing Insurance Funding for CAT Loss Recovery

Smart Rainy Day Planning: Key Considerations in Coordinating and Maximizing Insurance Funding for CAT Loss Recovery Smart Rainy Day Planning: Key Cnsideratins in Crdinating and Maximizing Insurance Funding fr CAT Lss Recvery A Presentatin at the Natinal Assciatin f Insurance Cmmissiners Prperty & Casualty Insurance

More information

their needs. customer, and suggest alternative products when a customer requested product is not available.

their needs. customer, and suggest alternative products when a customer requested product is not available. Crescent Electrical Supply Cmpany (Denver, CO) - Crescent Electric Supply Cmpany (CESCO) was funded in 1919. Tday, it is ne f the largest electrical distributrs in the United States with ver 140 lcatins

More information

insurers cannot deny coverage for patients with preexisting conditions or because an insured got sick;

insurers cannot deny coverage for patients with preexisting conditions or because an insured got sick; The Affrdable Care Act Health Insurance Respnsibilities f Large, Midsize & Small Emplyers; Buying Insurance n the Individual Health Insurance Marketplace and the Small Business Health Optins Prgram Intrductin:

More information

Pay Strategy for Country- Appointed Staff

Pay Strategy for Country- Appointed Staff Pay Strategy fr Cuntry- Appinted Staff Cntents Overview...3 Audience...3 Respnsibilities...3 Glssary...3 Crprate pay philsphy...3 Plicy...4 Perfrmance-related pay...5 Cmmunicating pay infrmatin t staff...5

More information

QBT - Making business travel simple

QBT - Making business travel simple QBT - Making business travel simple In business travel, cmplexity csts. S, we ffer less f it. We adpt the latest technlgy and make it simple, transparent and highly persnal. S yu get mre f what yu need

More information

SCHEDULE RC-E -- DEPOSIT LIABILITIES

SCHEDULE RC-E -- DEPOSIT LIABILITIES SCHEDULE RC-E -- DEPOSIT LIABILITIES General Instructins A cmplete discussin f depsits is included in the Glssary entry entitled "depsits." That discussin addresses the fllwing tpics and types f depsits

More information

CREATING A COLLEGE-GOING CULTURE

CREATING A COLLEGE-GOING CULTURE CREATING A COLLEGE-GOING CULTURE Nw that students have cmpleted their applicatins and FAFSA, it is time t keep enthusiasm high in the days and weeks leading up t Cllege Decisin Day. Students wh have expectatins

More information

Citizens, Inc. Reports Third Quarter three and nine months 2014 Results Investor Conference Call Scheduled for November 6, 2014, at 10:00 a.m.

Citizens, Inc. Reports Third Quarter three and nine months 2014 Results Investor Conference Call Scheduled for November 6, 2014, at 10:00 a.m. NEWS RELEASE FOR IMMEDIATE RELEASE Nvember 5, 2014 FOR FURTHER INFORMATION CONTACT: Kay Osburn Chief Financial Officer (512) 837-7100 PR@citizensinc.cm Citizens, Inc. Reprts Third Quarter three and nine

More information

Derivative Markets and Instruments

Derivative Markets and Instruments 1 Mdule # 6 Cmpnent # 1 This Cmpnent: fcuses n the basics f as part f ur examinatin f Derivatives. assumes a base level f financial thery, but attempts t add a level f practical applicatin. We attempt

More information

GRADUATION EXERCISES (GB POLICY I-7450)

GRADUATION EXERCISES (GB POLICY I-7450) GRADUATION EXERCISES (GB POLICY I-7450) Graduatin exercises will be held fr students wh have met state and lcal requirements fr graduatin frm high schl. Participatin in high schl cmmencement exercises

More information

Watlington and Chalgrove GP Practice - Patient Satisfaction Survey 2011

Watlington and Chalgrove GP Practice - Patient Satisfaction Survey 2011 Watlingtn and Chalgrve GP - Patient Satisfactin Survey 2011 Backgrund During ne week in Nvember last year patients attending either the Chalgrve r the Watlingtn surgeries were asked t cmplete a survey

More information

Wells Fargo Works for Small Business : Diverse Community Capital

Wells Fargo Works for Small Business : Diverse Community Capital Prgram Guidelines Wells Farg Wrks fr Small Business : Diverse Cmmunity Capital Nvember 2015 2015 Wells Farg Bank, N.A. All rights reserved. Table f cntents Backgrund Overview Parameters and Guidelines

More information

FACT SHEET BORROWING THROUGH SUPER. Prepared by Brett Griffiths, Director Superannuation Consulting e bgriffiths@vincents.com.au

FACT SHEET BORROWING THROUGH SUPER. Prepared by Brett Griffiths, Director Superannuation Consulting e bgriffiths@vincents.com.au FACT SHEET BORROWING THROUGH SUPER Prepared by Brett Griffiths, Directr Superannuatin Cnsulting e bgriffiths@vincents.cm.au FACT SHEET Since September 2007 Self Managed Superannuatin Funds (SMSF s) can

More information

GUIDELINES FOR APPLYING FOR AUSTRALIAN CAPITAL TERRITORY (ACT) NOMINATION OF A BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) (SUBCLASS 188) VISA

GUIDELINES FOR APPLYING FOR AUSTRALIAN CAPITAL TERRITORY (ACT) NOMINATION OF A BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) (SUBCLASS 188) VISA GUIDELINES FOR APPLYING FOR AUSTRALIAN CAPITAL TERRITORY (ACT) NOMINATION OF A BUSINESS INNOVATION AND INVESTMENT (PROVISIONAL) (SUBCLASS 188) VISA BUSINESS INNOVATION STREAM The Australian Capital Territry

More information

PARALEGAL PROGRAM. North Central State College

PARALEGAL PROGRAM. North Central State College PARALEGAL PROGRAM Nrth Central State Cllege PARALEGAL PROGRAM Welcme t the Paralegal Studies Prgram at Nrth Central State Cllege! As yur prfessr & advisr, please cntact me either thrugh email r by telephne

More information

DALBAR Due Diligence: Trust, but Verify

DALBAR Due Diligence: Trust, but Verify BEST INTEREST INVESTMENT RECOMMENDATIONS Advisr Rle under Best Interest Regulatins January 27, 2016 In the era when the cntractual bligatin is t act in the client s best interest, investment decisins can

More information

Dodd-Frank Report on Seller Financing

Dodd-Frank Report on Seller Financing Ddd-Frank Reprt n Seller Financing December 10, 2013 Published by Glbal Publishing Inc. 9799 Old St. Augustine Rd. Jacksnville, FL 32257 p. 904-262-0491 f. 904-262-1464 VIPServices@GlbalPublishinginc.cm

More information

Submission of the Canadian Association for Graduate Studies to the House of Commons Standing Committee on Finance on the 2015 Federal Budget

Submission of the Canadian Association for Graduate Studies to the House of Commons Standing Committee on Finance on the 2015 Federal Budget Submissin f the Canadian Assciatin fr Graduate Studies t the Huse f Cmmns Standing Cmmittee n Finance n the 2015 Federal Budget Summary The Canadian Assciatin fr Graduate Studies (CAGS) thanks the Huse

More information

Refinancing Section 95 & 61 co-ops CHF Canada s Refinancing Program

Refinancing Section 95 & 61 co-ops CHF Canada s Refinancing Program Refinancing Sectin 95 & 61 c-ps CHF Canada s Refinancing Prgram Lndn Educatin Event 2015 0 CHF Canada s Refinancing Prgram Intrductins Sectin 95 & Sectin 61 Purpse f the Refinancing Prgram Hw the new mrtgage

More information

Emergency Flood Damage Reduction Program April 2013 Program Profile

Emergency Flood Damage Reduction Program April 2013 Program Profile Emergency Fld Damage Reductin Prgram April 2013 Prgram Prfile Purpse The Emergency Fld Damage Reductin prgram (EFDRP) prvides assistance with the implementatin f emergency fld damage reductin r preventin

More information

PDXchange APPLICATION PACKET 2016 Nicaragua/Costa Rica Feb-April 2016

PDXchange APPLICATION PACKET 2016 Nicaragua/Costa Rica Feb-April 2016 PDXchange APPLICATION PACKET 2016 Nicaragua/Csta Rica Feb-April 2016 What is Carpe Mundi? Carpe Mundi is the nn-prfit schlarship partner rganizatin f Carpe Diem Educatin. Carpe Mundi ffers tw prgrams Carpe

More information

About these Guidelines. Business Innovation Stream. Nomination Criteria

About these Guidelines. Business Innovation Stream. Nomination Criteria GUIDELINES FOR APPLYING FOR AUSTRALIAN CAPITAL TERRITORY (ACT) NOMINATION OF A BUSINESS INNOVATION AND INVESTMENT (PERMANENT) (SUBCLASS 888) VISA BUSINESS INNOVATION STREAM The Australian Capital Territry

More information

Rural Development Rural Housing Programs

Rural Development Rural Housing Programs Rural Develpment Rural Husing Prgrams Lindsey Keyes GRH Prgram Crdinatr SFH Prgrams Sectin 502: Guaranteed Rural Husing Sectin 502: Direct Rural Husing Sectin 504: Hme Repair Lans Sectin 538: Guaranteed

More information

April 29, 2013 INTRODUCTION ORGANIZATIONAL OVERVIEW PROJECT OVERVIEW

April 29, 2013 INTRODUCTION ORGANIZATIONAL OVERVIEW PROJECT OVERVIEW April 29, 2013 INTRODUCTION The Mid-Atlantic Reginal Air Management Assciatin, Inc (MARAMA) is seeking t engage a cntractr t assist in updating f MARAMA s current website sftware and mve the website t

More information

ACCESS AGREEMENT. (Revised Version 2007/8 20010/11)

ACCESS AGREEMENT. (Revised Version 2007/8 20010/11) ACCESS AGREEMENT (Revised Versin 2007/8 20010/11) This revised Access Agreement supersedes the Cllege s Access Agreement implemented frm September 2006 and will cme int effect frm September 2007 fr the

More information

Operating as an S corporation may be wise for several reasons:

Operating as an S corporation may be wise for several reasons: S Crpratin Facts S crpratins are similar t LLCs in that they prvide wners with limited liability prtectin while ffering the tax structure f a partnership. Many entrepreneurs have tw gals when chsing a

More information

WHO IS YACWA? The Youth Affairs Council of Western Australia (YACWA) is the peak nongovernment

WHO IS YACWA? The Youth Affairs Council of Western Australia (YACWA) is the peak nongovernment WH IS YACWA? The Yuth Affairs Cuncil f Western Australia (YACWA) is the peak nngvernment yuth rganisatin in Western Australia. We perate primarily as a human rights rganisatin that seeks t address the

More information

Internet and Social Media Solicitations: Wise Giving Tips

Internet and Social Media Solicitations: Wise Giving Tips Internet and Scial Media Slicitatins: Wise Giving Tips Charities use a wide variety f methds t slicit charitable dnatins. New and pwerful technlgies utilize nt just the internet and email, but als scial

More information

Understanding Federal Direct Consolidation Loans. 2012 Spring MASFAA Conference

Understanding Federal Direct Consolidation Loans. 2012 Spring MASFAA Conference Understanding Federal Direct Cnslidatin Lans 2012 Spring MASFAA Cnference UNDERSTANDING FEDERAL DIRECT & SPECIAL CONSOLIDATION LOANS Amy M. Mser, Reginal Directr Nelnet Educatin Lan Services 2 Nelnet Educatin

More information

IN-HOUSE OR OUTSOURCED BILLING

IN-HOUSE OR OUTSOURCED BILLING IN-HOUSE OR OUTSOURCED BILLING Medical billing is ne f the mst cmplicated aspects f running a medical practice. With thusands f pssible cdes fr diagnses and prcedures, and multiple payers, the ability

More information

2014 Entry Form (Complete one for each entry.) Fill out the entry name exactly as you want it listed in the program.

2014 Entry Form (Complete one for each entry.) Fill out the entry name exactly as you want it listed in the program. 2014 Entry Frm (Cmplete ne fr each entry.) Fill ut the entry name exactly as yu want it listed in the prgram. Entry Name HFA Submissin Cntact hne Email Qualified Entries must be received by Tuesday, July

More information

SALARY CONSIDERATIONS FOR CANCER REGISTRARS

SALARY CONSIDERATIONS FOR CANCER REGISTRARS SALARY CONSIDERATIONS FOR CANCER REGISTRARS UPDATED 2012 SURVEY DATA SALARY CONSIDERATIONS FOR CANCER REGISTRARS UPDATED 2012 SURVEY DATA Natinal Cancer Registrars Assciatin 1340 Braddck Place, Suite 203

More information

Master of Education in Organizational Leadership PROGRAM APPLICATION

Master of Education in Organizational Leadership PROGRAM APPLICATION Master f Educatin in Organizatinal Leadership PROGRAM APPLICATION Applicatin Submissin Prcess: Submit the fllwing t the Center fr Educatinal Leadership: Prgram applicatin Experience Verificatin frm Tw

More information

COLLEGE APPLICATION DAY

COLLEGE APPLICATION DAY INDIANA COLLEGE APPLICATION DAY Schl Manual 2015 Editin COLLEGE PLANNING CAREER SUCCESS Prduced in partnership by the Indiana Cmmissin fr Higher Educatin and the American Cllege Applicatin Campaign. Funding

More information