How your credit union can prepare for the coronavirus

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The news concerning the possible spread of the novel coronavirus (COVID-19) in the United States can be unsettling. While the full domestic impact remains to be seen, credit unions can take proactive measures by anticipating possible business impacts, calculating potential responses and reviewing emergency preparedness plans.As the situation unfolds, credit unions may want to analyze and test their possible responses to some of the potential social and market impacts.Potential Market Impacts:Decreased branch and ATM trafficPossible interruption or reduction in paychecks for some members (disrupted supply chain/fewer work hours/closings)Delayed demand for traditional auto and mortgage loansInitial spike and later decline of in-person retail shoppingIncreased online buying and delivery of goods and groceriesTravel and entertainment sectors might see declines in attendance and spendingDeposit balances might increase as a net result of the above and stock market volatilityFederal Reserve intervention – additional liquidity and reductions in the federal funds rateAdditionally, it could be helpful to remind your members about some of the built-in advantages of credit union membership, particularly your payment vehicles.last_img read more

Over 9,300 personnel deployed to secure Jakarta as omnibus law protests enter 2nd week

first_imgWidespread protests erupted across the country after the House of Representatives passed the bill on Oct. 5.Some protests, however, have been marred by violent clashes between protesters and security forces.Meanwhile, civil society organizations have slammed the police for using “excessive force” in managing the demonstrations as pictures of police assaulting protesters and journalists circulated on social media.The Commission for Missing Persons and Victims of Violence (Kontras) said it had received at least 1,500 reports on alleged police violence from Oct. 6 to 8 during the planned national strike against the new law, organized primarily by labor unions. (trn) The police also deployed 200 Brimob officers to West Java.Awi added that a joint force of 9,332 policemen, soldiers and Public Order Agency (Satpol PP) officers had been deployed in the capital on Tuesday to enforce security.Read also: ‘We are not yet defeated’: Students condemn govt’s dismissal of jobs law protestsWhile Tuesday’s protest in Jakarta involved several religious groups, the country’s second largest Islamic organization, Muhammadiyah, reasserted that it would not take part in any demonstrations. Instead, it would “focus on handling the COVID-19 outbreak and its impact on education, the economy and public health”, Muhammadiyah secretary Abdul Mu’ti said on Monday, as quoted by The National Police on Monday deployed around 7,500 Mobile Brigade (Brimob) officers to ensure public safety and security in Jakarta amid continuing protests against the newly passed Job Creation Law, or omnibus law.Several groups, including the hard-line Islam Defenders Front (FPI) and the 212 Alumni Brotherhood (PA 212), went ahead with their planned demonstrations on Tuesday in Jakarta to demand that the government revoke the omnibus law.“The first deployment of [Brimob officers] arrived in Jakarta on Oct. 5, while the second arrived on Oct. 12. At least 7,500 officers are deployed here,” National Police spokesperson Brig. Gen. Awi Setiyono said on Monday as quoted by Topics :last_img read more

Leinster’s Kevin McLaughlin retires due to concussion

first_img Governing body World Rugby have admitted looking into potential law changes around tackling in a bid to improve the sport’s safety. “It is upsetting and frustrating to have to retire when I feel I have so much left to give but it is the right decision and I am glad that our medical staff were so proactive in encouraging me to see a neurologist,” McLaughlin told Leinster’s website. “The support I have received from the club and my team-mates has been incredible and will help to soften the blow of having to having to retire from the game I love. “From a rugby perspective I have no regrets. “I was lucky enough to be involved in Leinster throughout a very successful and rewarding period during which I have learned a lot about life and made lifelong friends.” McLaughlin won eight caps for Ireland but also featured in Leinster’s 2011 and 2012 Heineken Cup final victories. The combative flanker had stepped up to captain Leinster at the start of the season in the absence of number eight Jamie Heaslip, away at the World Cup with Ireland. Leinster lost their opening Pro12 match 16-9 at Edinburgh on September 4, and after suffering a head injury McLaughlin has now been forced to retire. The 31-year-old suffered a concussion in Leinster’s season-opening Pro12 clash with Edinburgh and has since been advised to retire. McLaughlin’s premature retirement follows hot on the heels of former Wales flanker Jonathan Thomas quitting the sport after contracting epilepsy due to repetitive head trauma. Press Association ” Having sustained a concussion in the opening Pro12 game against Edinburgh Kevin was referred by the Leinster Rugby medical team to a leading neurologist, due to concerns about his increasing susceptibility to concussion and the length of recovery,” read Leinster’s statement. “Following tests it was recommended that it would be in his best long-term interests to stop playing.” Head coach Leo Cullen admitted he hopes McLaughlin will continue to help Leinster within their back-room set-up. “Kevin is a very popular member of the squad both on and off the pitch and thankfully he’s open to the possibility of helping out with us behind the scenes certainly in the short term and again I think that’s an indication of the esteem with which he is held within the group,” said Cullen. “Kevin is one of the most selfless players in our squad. He is the consummate pro and always put the team first.” Former Ireland flanker Kevin McLaughlin is the latest rugby star forced to retire due to concussion.last_img read more