The Seven Cooperative Principles and Credit Unions That Live Them 2 Table of Contents
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Convenience Is Here with CO-OP Shared Branching!
Convenience is here with CO-OP Shared Branching! Personalized service is a major benefit of banking at Capstone Federal Credit Union, and you don’t have to sacrifice convenience to get it. Take advantage of Capstone FCU’s shared branching services through CO-OP Shared Branch. Access your account at any of the 5,100 credit union branches nationwide. The national CO-OP Shared Branch network links participating credit unions electronically, allowing credit union members to do “branch banking,” even when the branch near you doesn’t belong to Capstone FCU. This is a huge benefit to Capstone FCU members who travel, whose workplaces don’t coincide with our branch locations, or who simply enjoy Look for the CO- the convenience of expanded access. Wherever you are across the OP Shared Branch logo to find shared country, chances are good there’s a shared branch near you. branches near you. Shared branching is yet another example of credit union membership offering the best of both worlds—individualized attention and nationwide availability. The cooperative spirit of credit unions allows them to work with each other in ways that competing banks typically do not. Visit www.co-opsharedbranch.org or download the Shared Branch Locator app for iPhone or Android to find branches nearest you. You can also look for the “CO-OP Shared Branch” logo on the door of any credit union branch. At a CO-OP Shared Branch location, you can: . Make deposits and withdrawals . Make loan payments . Make credit card payments . Access VISA® or MasterCard® funds Many shared branches also offer transfers, statement histories, money orders, traveler’s checks and notary services. -
Financial Strength Connecting to a Stronger Future for Credit Unions
2012 Financial Strength Connecting to a Stronger Future for Credit Unions Born in 1935 out of the emerging credit union In 2012, we improved our financial strength, enhanced products movement, during the depths of the Great Depression, and services, and invested in CUNA Mutual Group endeavored to fulfill the vision the markets we serve and the communities in which we operate. of credit union pioneers. Driven by the belief that These results are a direct reflection of our insurance was as fundamental to the movement original mission. as savings and lending, CUNA Mutual Group would Jeff Post President & CEO become the leading provider of credit life insurance in the United States in just two years. Today, CUNA Mutual Group is a Fortune 1000 company, with assets of more than $17 billion. Our products have expanded to include Life Insurance, Annuities, Retirement Income and Investments. Our achievements are directly attributable to a single principle: an enduring commitment to the success of credit unions, their members and our policyholders. Total Revenue Total Revenue Operating Revenue by Product 2012 Results: Delivering on Our Commitment Total(in billions) Revenue Operating Revenue by Product (in billions) Operating Revenue by Product (in billions) 3.1 3.0 3.1 to Policyholders 3.0 3.1 2.8 3.0 2.7 2.8 2.6 2.7 2.8 The external challenges in 2012 remained formidable with 2.6 2.7 a sluggish national economy and the continuing struggle at 2.6 the federal level to address the fiscal issues. Severe weather events also presented difficult obstacles to overcome, from the drought in the Midwest’s Corn Belt to Superstorm Sandy that battered the East Coast. -
786-1 Credit for Reinsurance Model Regulation
NAIC Model Laws, Regulations, Guidelines and Other Resources—Summer 2019 CREDIT FOR REINSURANCE MODEL REGULATION Table of Contents Section 1. Authority Section 2. Purpose Section 3. Severability Section 4. Credit for Reinsurance—Reinsurer Licensed in this State Section 5. Credit for Reinsurance—Accredited Reinsurers Section 6. Credit for Reinsurance—Reinsurer Domiciled in Another State Section 7. Credit for Reinsurance—Reinsurers Maintaining Trust Funds Section 8. Credit for Reinsurance––Certified Reinsurers Section 9. Credit for Reinsurance—Reciprocal Jurisdictions Section 10. Credit for Reinsurance Required by Law Section 11. Asset or Reduction from Liability for Reinsurance Ceded to Unauthorized Assuming Insurer Not Meeting the Requirements of Sections 4 Through 10 Section 12. Trust Agreements Qualified Under Section 11 Section 13. Letters of Credit Qualified Under Section 11 Section 14. Other Security Section 15. Reinsurance Contract Section 16. Contracts Affected Form AR-1 Certificate of Assuming Insurer Form CR-1 Certificate of Certified Reinsurer Form RJ-1 Certificate of Reinsurer Domiciled in Reciprocal Jurisdiction Form CR-F Form CR-S Section 1. Authority This regulation is promulgated pursuant to the authority granted by Sections [insert applicable section number] and [insert applicable section number] of the Insurance Code. Section 2. Purpose The purpose of this regulation is to set forth rules and procedural requirements that the commissioner deems necessary to carry out the provisions of the [cite state law equivalent to the Credit for Reinsurance Model Law (#785)] (the Act). The actions and information required by this regulation are declared to be necessary and appropriate in the public interest and for the protection of the ceding insurers in this state. -
Deposit Insurance
Information about your DEPOSIT INSURANCE American Share Insurance insures each and every account of an individual member up to $250,000 without any limitation as to the number of accounts held. Your Insured Funds* Member’s Accounts Amount Covered Savings/Regular Share $ 250,000 Checking/Share Draft $ 250,000 Money Market $ 250,000 CD/Share Certificate #1 $ 250,000 CD/Share Certificate #2 $ 250,000 IRA $ 250,000 TOTAL INSURED $ 1,500,000 *Example only AmericanShare.com 5656 Frantz Road | Dublin, OH 43017 800.521.6342 American Share Insurance is a member-owned non- federal deposit insurer. This institution is not federally insured, or insured by any state government. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY. Form 100 © 01/16 We are pleased to inform you American Share is selective as to whom that your deposit accounts it insures, and to qualify for its deposit in this credit union are insurance the credit union must comply with American Share’s rigid underwriting insured up to $250,000 per standards. Also, American Share’s insurance account by American Share policy requires that every quarter the credit Insurance. American Share is union submit financial statements in order to a credit union-owned private continue coverage. Individual policies are not organization whose only provided to members, and there is no direct business is to provide deposit cost to you for this coverage. It is important to note that deposit insurance is payable only insurance to credit unions. upon the failure and liquidation of the credit union. -
Parliamentary Debates (Hansard)
Thursday Volume 513 15 July 2010 No. 33 HOUSE OF COMMONS OFFICIAL REPORT PARLIAMENTARY DEBATES (HANSARD) Thursday 15 July 2010 £5·00 © Parliamentary Copyright House of Commons 2010 This publication may be reproduced under the terms of the Parliamentary Click-Use Licence, available online through the Office of Public Sector Information website at www.opsi.gov.uk/click-use/ Enquiries to the Office of Public Sector Information, Kew, Richmond, Surrey TW9 4DU; e-mail: [email protected] 1069 15 JULY 2010 1070 what can be done to speed up transactions. I know that House of Commons my right hon. Friend the Minister for Housing is looking at ways to speed up the introduction of e-conveyancing. Thursday 15 July 2010 Dr Alan Whitehead (Southampton, Test) (Lab): Why has the Secretary of State decided, alongside the abolition The House met at half-past Ten o’clock of HIPs, that energy performance certificates should no longer be required at the point when a house is initially viewed for purchase? Does he intend to downgrade the PRAYERS importance of those as well? [MR SPEAKER in the Chair] Mr Pickles: Gracious, no—indeed, under our green deal, energy certificates will perform a much more important role. They will be about bringing the price of energy down and ensuring that somebody with a house Oral Answers to Questions that has a good energy certificate does well, because we want to get houses on to the market. We will insist that the energy certificate be commissioned and in place before the sale takes place. It is about speeding things COMMUNITIES AND LOCAL GOVERNMENT up—the hon. -
Activity 6 [COOPERATIVES in the SCHOOLS]
Day 1 – Activity 6 [COOPERATIVES IN THE SCHOOLS] Activity 6 - Cooperative Facts Time: 20 minutes Objective: Students will learn some basic history and facts about cooperatives. Step 1: Instruct students to take out their handouts called “Cooperative Fact Sheets.” Give them 3-5 minutes to read them silently to themselves. Step 2: Tell students that they will play, “Find the Fact”. Have each material handler come up and get a white board for each cooperative. If the teacher does not have white boards, then have the reporter take out a notebook and a marker. Tell students that each group will get 30 seconds to find the answer to a fact question and write it on their whiteboard or notebook. At the end of the 30 seconds, each team will hold up their answers and accumulate points for each correct fact found. Team will use their “Cooperative Fact Sheet” to help them with this game. Step 3: Give an example so that students understand the game. “Who is the founding father that organized the first successful US cooperative in 1752?” After 30 seconds, call time and have students hold up their answers. For the teams who wrote, “Benjamin Franklin” say, these teams would have gotten one point. Write the team names on the board to keep track of points. Step 4: When teams understand the rules, begin the game. Below are sample questions/answers: 1. What year was the first cooperative in Wisconsin formed? A: 1841 2. What is the word that means, “The money left over after you pay all your expenses?” A: profit 3. -
Mapping: Key Figures National Report: United Kingdom Ica-Eu Partnership
MAPPING: KEY FIGURES NATIONAL REPORT: UNITED KINGDOM ICA-EU PARTNERSHIP TABLE OF CONTENTS I. INTRODUCTION AND CONTEXT ........................................................................... 2 i. Historical background ........................................................................................... 2 ii. Public national statistics ....................................................................................... 4 iii. Research methodology......................................................................................... 5 II. KEY FIGURES ......................................................................................................... 6 iv. ICA member data ................................................................................................. 7 v. General overview .................................................................................................. 7 vi. Sector overview .................................................................................................... 8 III. GRAPHS................................................................................................................. 11 vii. Number of cooperatives by type of cooperative: ............................................... 11 viii. Number of memberships by type of cooperative: .............................................. 12 ix. Number of employees by type of cooperative: .................................................. 13 x. Turnover by type of cooperative in EUR: .......................................................... -
Joining the Gardaí Is for Life, Says Commissioner
SÍOCHÁIN The Official Magazine of the Garda Síochána Retired Members’ Association The Official Magazine of the Garda Síochána Retired Members’ Association JOINING THE GARDAÍ IS FOR LIFE, SAYS COMMISSIONER BUDGET 2017 NEEDS TO PROVIDE PENSION PARITY LEGAL LOWDOWN ON WILLS & PROBATE Autumn 2016 WINTER 2015 WINTER 2015 ISSNISSN 1649-5896 ISSN 1649-5896 JERRY McCABE MEMORIAL www.gardaretired.com www.gardaretired.com MARKS 20th ANNIVERSARY Home Improvements poster A2 08/02/2016 17:00 Page 1 Tel: 021 4313355 St. Paul’s Email: [email protected] Garda Credit Union Limited Web: www.stpaulscu.ie thinking about Home Improvements? For a no frills, no fee loan at a great rate of €20,000 4.25% (4.33% APR) Home Improvement Loan for talk to us at St. Paul's Garda Credit Union €47.05 Tel: 021 4313355 per week* Email: [email protected] Web: www.stpaulscu.ie Under Home Renovation Incentive (HRI) Scheme you can claim up to €4,050 Income Tax Credits on qualifying work on your home *Typical weekly repayments at Home Improvement Loan Rates 4.25% (4.33% APR) variable over the maximum 10 year term Amount Weekly Repayment Total Repayment Total Interest €15,000 €35.29 €18,420.11 €3,420.11 €20,000 €47.05 €24,560.15 €4,560.15 €30,000 €70.58 €36,840.23 €6,840.23 €50,000 €117.63 €61,400.38 €11,400.38 €75,000 €176.44 €92,100.57 €17,100.57 *Loans are subject to approval. Terms and conditions apply. St. Paul’s Garda Credit Union Limited is regulated by the Central Bank of Ireland. -
The Sixth Principle: Cooperating Amongst
THE SIXTH PRINCIPLE: COOPERATING AMONGST COOPERATIVES Linden Seto - Vision Credit Union Josh Schroh - Mountain View Credit Union Tanis Dreger - Connect First Credit Union ++ TABLE OF CONTENTS Executive Summary………………………………………………………………………………………………………………… 2 Introduction …………………………………………………………………………………………………………………………… 3 About Cooperatives ……………………………………………………………………………………………………………….. 3 Loyalty Program Overview ……….................................................................................................. 4 Loyalty Program Landscape ……………………………………………………………………………………………………. 5 What Works (What Doesn’t) ………………………………………………………………………………………………….. 7 Loyalty Program Mutual Database and Technological Media …………………………………………………. 7 Challenges ……………………………………………………………………………………………………………………………..10 Conclusion ……………………………………………………………………………………………………………………………..12 Appendix ………………………………………………………………………………………………………………………………..13 References ……………………………………………………………………………………………………………………………..14 THE SIXTH PRINCIPLE 1 | P a g e EXECUTIVE SUMMARY This paper explores ways for Albertan cooperatives to further work together, and to benefit from each cooperatives position in their respective industries. We are facing a competitive landscape that is continually being disrupted by technological and entrepreneurial advances. As cooperatives we need to continue to use our fundamental principles to differentiate ourselves in our respective marketplaces. We have found that cooperatives are more prominent and well known in rural markets, and would benefit from a targeted approach -
Principles and Practices in the 21St Century
A1457 Cooperatives: Principles and practices in the 21st century Kimberly A. Zeuli and Robert Cropp ABOUT THE COVER IMAGE: The “twin pines” is a familiar symbol for cooperatives in the United States.The Cooperative League of the USA, which eventually became the National Cooperative Business Association (NCBA), adopted it as their logo in 1922.The pine tree is an ancient symbol of endurance and immor- tality.The two pines represent mutual cooperation—people helping people. C OOPERATIVES: q Publication notes ii C ont Chapter 1 1 An introduction to cooperatives Chapter 2 5 ents Historical development of cooperatives throughout the world Chapter 3 15 Cooperative history, trends, and laws in the United States Chapter 4 27 Cooperative classification Chapter 5 39 Alternative business models in the United States Chapter 6 49 Cooperative roles, responsibilities, and communication Chapter 7 59 Cooperative financial management Chapter 8 69 Procedures for organizing a cooperative Chapter 9 77 A summary of cooperative benefits and limitations Notes 81 Glossary 85 Cooperative resources 89 PRINCIPLES & PRACTICES IN THE 21ST CENTURY i Kimberly Zeuli and Robert Cropp, Assistant Publication notes Professor and Professor Emeritus in the This publication is the fourth and most extensive Department of Agricultural and Applied revision of the Marvin A. Schaars’ text, Cooperatives, Economics, University of Wisconsin—Madison, Principles and Practices, University of Wisconsin are responsible for all of the editing and most Extension—Madison, Publication A1457, July 1980. of the revised text. The following individuals What has come to be known simply as “the also contributed to various chapters: Schaars book,” was originally written in 1936 by David Erickson, Director of Member Relations, Chris L. -
Cooperative Banks: International Evidence Part of Nef's Stakeholder
Cooperative banks: International evidence Part of nef’s Stakeholder Banks series nef is an independent think-and-do tank that inspires and demonstrates real economic well-being. We aim to improve quality of life by promoting innovative solutions that challenge mainstream thinking on economic, environmental and social issues. We work in partnership and put people and the planet first. nef (the new economics foundation) is a registered charity founded in 1986 by the leaders of The Other Economic Summit (TOES), which forced issues such as international debt onto the agenda of the G8 summit meetings. It has taken a lead in helping establish new coalitions and organisations such as the Jubilee 2000 debt campaign; the Ethical Trading Initiative; the UK Social Investment Forum; and new ways to measure social and economic well-being. Contents Executive Summary 2 1. What are Cooperative Banks? 4 2. The case for Cooperative Banks 7 2.1 The impact of cooperative ownership 7 2.2 A greater focus on high-street banking and branch services 8 2.3 Inclusive banking for SMEs and individuals 9 2.4 Long-term thinking and stable profits 11 2.5 Stability in a crisis: consistent lending and prudent management 12 3. What criticisms are typically made of the sector? 15 3.1 Cooperatives cannot quickly raise large amounts of capital 15 3.2 They are not as democratic as they claim to be 15 3.3 They act like commercial banks, but less successfully 16 3.4 They struggle to remove ineffective or opportunistic managers 17 3.5 Cooperatives are inefficient 17 4. -
CRD 101: Principles and Practice of Co-Operation Is a First Semester Year One, Two Credit Diploma Core Course of Any Student of Entrepreneurship
COURSE GUIDE CRD 101 PRINCIPLES AND PRACTICE OF CO-OPERATION Course Team: Dr Emejulu Gerald A. Department of Cooperative Economics and Management, Nnamdi Azikiwe University Awka, Anambra state Taiwo Olabisi Abdulahi Department of Cooperative Economics and Management, Nnamdi Azikiwe University Awka, Anambra State Dr. Tessy Anigbogu (Course Editor) – Department of Cooperative Economics and Management, Nnamdi Azikiwe University Awka, Anambra State Lawal, Kamaldeen A. A. Ph.D – (HoD) Faculty of Management Science, Department of Entrepreneurship – NOUN Dr. Ishola, Timothy O. (Dean) Faculty of Management Science – NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA CRD 101 PRINCIPLES AND PRACTICE OF COOPERATION National Open University of Nigeria Headquarters University Village Plot 91 Cadastral Zone Nnamdi Azikiwe Expressway Jabi, Abuja. Lagos Office 14/16 Ahmadu Bello Way Victoria Island, Lagos e-mail: [email protected] URL: www.noun.edu.ng Published by: National Open University of Nigeria ISBN: Printed: 2017 All Rights Reserved ii CRD 101 MODULES CONTENTS PAGE Introduction……………………………………….…. iv Course Aims……………………………………….… iv Course Objectives………………………………….... iv What you will Learn in this Course………………..... iv Working through this Course…………………….….. iv Course Materials………………………………….…. v Study Units……………………………………….….. v Textbooks and References……………………….….. v Assessment………………………………………..….. vi Tutor-Marked Assignment………………………..….. vi Final Examination and Grading…………………..….. vii Course Overview/Presentation…………………….… vii How to Get the Most from this Course…………….… viii Facilitators, Tutors and Tutorials………………….…. ix Summary……………………………………………… x iii CRD 101 PRINCIPLES AND PRACTICE OF COOPERATION INTRODUCTION CRD 101: Principles and practice of co-operation is a first semester year one, two credit diploma core course of any student of entrepreneurship. The course introduces you to some basic concepts that will help you to understand the course.