continue reading » Throughout the coronavirus pandemic, credit unions have demonstrated why more than 120 million Americans have chosen them to meet their financial goals. NAFCU is proud to serve the credit union industry as the only trade group focused on representing its interests at the federal level.“We witness daily credit unions’ commitment to the financial wellbeing of their members and communities, that includes those who are underserved or in designated minority communities,” said NAFCU President and CEO Dan Berger. “Our industry was founded on the premise of supporting our neighbors, coworkers, friends and family through difficult financial times and credit unions have not strayed from that mission, especially as we face national economic crises or a global pandemic.“NAFCU will continue to do what we’ve always done – advocate for the best interests of the credit union industry and ensure that Americans most in need of financial services have access to the best financial services available. Racism and injustice of any kind have no place in this nation or in financial services, and we will continue to advance diversity, equity, and inclusion (DEI) efforts across the industry.”The association is working closely with the NCUA and Congress on this issue. For instance, NAFCU is currently requesting additional support for Community Development Financial Institutions (CDFIs), minority depository institutions (MDIs), and the NCUA’s Community Development Revolving Loan Fund (CDRLF) to ensure Americans and small businesses suffering most from the coronavirus pandemic are not left behind, and has defended the NCUA from banker attacks against its efforts to ensure military members have access to credit unions’ financial services. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Given the current COVID situation we find ourselves in, most of us are more mindful of our finances these days. Even if you have a budget set up, you may find that money feels a little tight right now. If your budget was working well before COVID, maybe you’ve got a spending problem. Here are 3 ways you can stop overspending…Stop supporting your favorite restaurant so much: In the last three months, I’ve dined inside a restaurant one time. Once. But when it comes to drive-thru and delivery, I haven’t been so frugal. It’s great to support local businesses right now, but don’t overdo it. You see the words “free delivery” and that sounds great and all, but are you having to spend more to get that free delivery? And has the simplicity of delivery made you order out more than you normally would? If your takeout budget has increased, your grocery budget should probably decrease a bit. That won’t solve your problem completely, but it may be a good first step.Only spend cash: You have to pay your bills, and with auto bill pay or paying online, you obviously need to use a card or account for that. But for everything else, there’s cash (That’s how it goes, right?). Buying stuff online that you’d normally purchase at the store may be good for staying physically healthy, but how’s your financial health? Using cash may prevent you from adding that one extra item to your Amazon cart.Stick with what you’ve got: You probably miss going to the movies. I wanted to see Black Widow on May 1st. Thanks to the coronavirus, it’s now been pushed 6 months to November 6. Postponements like that are happening all over the place. Movies, concerts, and more have been pushed back or cancelled. As much as you might want to spend that cash on something else, keep it in your account where it belongs. You’ve already got a subscription to Netflix and there are tons of movies you haven’t watched on there yet. And if you’re dying for a live concert, streaming an old live show on YouTube is pretty fantastic, especially if you have a big TV, plus you don’t have to get stuck in traffic afterwards. 36SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details
Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditA bankruptcy filing by New Orleans’ Roman Catholic archdiocese freezes sexual abuse lawsuits and could help bury the details of alleged coverups of predator priests and thousands of internal emails documenting a behind-the-scenes alliance with the New Orleans Saints. Attorneys for those suing the church attacked last week’s Chapter 11 filing as a veiled attempt to keep church records secret, scrap a long-awaited legal deposition by Archbishop Gregory Aymond and deny victims a public reckoning that had been years in the making.“Those victims were on the path to the truth,” attorney Soren Gisleson wrote in court papers. “The rape of children is a thief that keeps on stealing.” “They don’t want this story out,” Stocker said. “It’s so ugly that they knew what was going on. They’re trying to control their brand and image.” ____Mustian and Rezendes reported from New York.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Saints emails, lawsuits could be buried in church bankruptcy The New Orleans archdiocese is the latest of more than 20 dioceses nationwide to declare bankruptcy, an action Aymond attributed to a “resurgence of the clergy abuse crisis” and liabilities of $100 million to $500 million deepened by the coronavirus pandemic. He said the filing would allow victims to be compensated directly through a “court-supervised process.”“There is not one single event or issue that prompted this filing,” the archbishop said in a video to parishioners. Attorneys for the men suing the church have already accused the archdiocese of understating the value of its total assets at also between $100 and $500 million. They cited an insurance declaration covering $2.1 billion in damages, adding the archdiocese “makes no attempt to explain this discrepancy” in court filings. An archdiocese spokeswoman declined to comment Tuesday. Aymond had been scheduled to give a deposition later this month in the Hecker case. Lawyers for Hecker’s alleged victims say they uncovered hundreds of incriminating records in discovery and still want a judge to make them public regardless of the bankruptcy. May 5, 2020 In previous court filings, they drew a direct parallel to the successful effort by The Boston Globe nearly 20 years ago to overturn a confidentiality order protecting documents produced during lawsuits filed by victims of Geoghan.That led to the resignation of the late Cardinal Bernard F. Law, who covered up for Geoghan’s abuses with the knowledge of five auxiliary bishops, including Alfred C. Hughes, who preceded Aymond as archbishop of New Orleans.“The public, media and law enforcement have no idea of the depth of Hecker’s disgusting crimes against children or the Archdiocese’s equally disgusting suppression of those crimes,” the filing alleges.But whether any of the dozens of clergy abuse lawsuits against the archdiocese will see the light of day is an open question.John C. Manly, an attorney who has represented clergy abuse victims through more than a dozen bankruptcy filings, said “it’s highly unlikely” the men suing the archdiocese will succeed in airing internal church records. Among the most explosive legal fights now in disarray is a lawsuit alleging Aymond and his three predecessors systematically concealed the crimes of the Rev. Lawrence Hecker, an 88-year-old priest removed from active ministry in 2002 after accusations that he abused “countless children.”A recent court motion drew direct parallels between the church’s handling of Hecker and John Geoghan, a serial pedophile who molested scores of children during his 30-year career as a Massachusetts clergyman.The bankruptcy also freezes a court battle over a cache of confidential emails describing the behind-the-scenes public relations work New Orleans Saints executives did for the archdiocese in 2018 and 2019 to contain fallout from clergy abuse scandals. While the Saints say they only assisted in messaging, attorneys for the men suing the church allege Saints officials joined in the church’s “pattern and practice of concealing its crimes.” The attorneys contend that included taking an active role in helping to shape the archdiocese’s list of 57 credibly accused clergy, a roster an Associated Press analysis found was undercounted by at least 20 names.AP, which has sought the release of the emails as a matter of public interest, said in court papers last week that it remains unclear why secrecy is warranted for “two high-profile and quasi-public institutions like the Saints and the Archdiocese.” “Clearly this is a focused effort to conceal the documents,” he said.Manley said attempts to keep the lawsuits alive are longshots because bankruptcy courts generally don’t want debtors to continue with legal action that may force them to spend more money.But Mike Finnegan, an attorney with Minnesota-based Jeff Anderson & Associates, said the bankruptcy filing pushes the fight to air the church records into the bankruptcy court, where the documents could be released after a lengthy process, possibly as a condition of a bankruptcy settlement.“There are so many people involved, and this is so important for the public and survivors, that the fight will continue,” he said. “I believe those documents will see the light of day, but it will be delayed by the bankruptcy process.”New Orleans’ bankruptcy reflects a strategy the church has pursued in other jurisdictions to simply “come up with a settlement and move on,” said Kevin T. Stocker, an attorney who sued the church in Buffalo, New York, before it recently declared bankruptcy.