Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) JAMESTOWN – We could see our first significant snowfall of the season tonight as lake effect snow will impact the area.A Winter Weather Advisory has been issued for Chautauqua, Cattaraugus, Southern Erie and Wyoming counties from 5 p.m. Sunday to 7 a.m. on Monday.In total, we could see around 4 to 7 inches of snow accumulations with winds gusting as high as 45 mph, strongest near the Lake Erie shoreline. Plan on slippery road conditions with patchy blowing snow that could significantly reduce visibility. The hazardous conditions could impact the morning commute.Viewers can submit snow reports through social media using #MyLocalWx or via email to NewsDesk@WNYNewsNow.com.A wind advisory is also issued for Chautauqua County until 7 a.m. on Monday. Winds from the south at 30 to 45 mph are expected Sunday, with winds shifting west to northwest 30 to 40 mph in the afternoon to evening. Prior to the storm, on Sunday we will see rain showers likely before changing to snow late in the afternoon. Otherwise it will be cloudy with highs in the mid-40’s. Breezy conditions are also likely, especially ahead of the cold front.Any left over snow showers will begin to taper off Monday morning.For Monday, we will be mostly cloudy with a few rain or snow showers possible. Highs in the upper-30’s.As we head into mid and later week a pattern shift will take place. Dryer and warmer weather will return as the low-60’s will return to the area quickly melting any snowfall from earlier in the week.WNYNewsNow is a proud Ambassador for the NOAA Weather-Ready Nation program. Winter weather in Jamestown, New York. WNYNewsNow file image 11/12/19.
John King, president and CEO of Vermont Public Television, the statewidepublic television network, has been appointed to two boards. He waselected treasurer and executive committee member of NETA, the NationalEducational Telecommunications Association. NETA is a professionalassociation based in Columbia, S.C., that serves public televisionstations and educational entities. Its mission is to provide qualityprogramming, educational resources, professional development, managementsupport and national representation for its members.King has also been appointed to the Assembly of Overseers ofDartmouth-Hitchcock Medical Center in Hanover, N.H. The overseers act asadvisers to the board of trustees on hospital affairs and customer andcommunity relations.He holds a master’s degree in public administration from HarvardUniversity, a bachelor’s degree from Johnson State College and anassociate’s degree from Champlain College. He and his family live inColchester.
Indirect auto-lending currently is out pacing direct-to-member lending amongst US-based credit unions.Banks hold almost double the market share for indirect loans over credit unions and auto loans in the U.S.Learning the pros and cons of indirect vs direct loans can help your financial institution operate more effectively. It can also significantly increase revenue.In this article, we will review the difference between direct vs indirect loans. Continue reading to learn what the best options are for your credit union.Indirect vs Direct and What You Need to KnowDirect loans are loans that are originated directly from your credit union to your member or future member, the consumer. Indirect loans come through a car dealership or other venue that has your credit union as one of their network lender options.Credit unions can benefit from relationships with third parties for indirect loans. While the extra income and asset growth are beneficial, it does require close monitoring due to tight margins.Direct lending may have a bigger profit margin, but indirect lending gives you the ability to do more volume.With increased fees from dealerships, profitability is often challenged because of reduced margins. There is a need for more monitoring because of quick rates of pay-offs, charge-offs, and inconsistencies in documentation.If an indirect program is managed well, credit unions will be able to make money on interest collected. Any other fees and money earned goes to the dealership.The Balancing ActSince indirect lending is not as lucrative as direct lending, it is necessary to find the right balance for your credit union.While getting loans indirectly might be an effective way to bring volume into your credit union, it isn’t the most profitable way if you had to choose between one or the other. Focusing on generating more direct auto loans from current and new members is the best use of resources. Depending on indirect auto loans for your income alone can be a rocky business.Using a full-on attack method to target buyers in the market for a car, who are looking for low rates, isn’t the most effective way to market. If you advertise a low rate, you will get a lot of applications. While a lot of applications might seem like a good thing, it isn’t so great if most people that apply won’t get approved. Soft credit checks can help with this potential obstacle.Use a Targeted ApproachTo increase loan growth and profitability on each loan, make an effort to reach people in your target market. Marketing to people that are likely to want your product and likely to get approved will give you better results. Fewer applications will take fewer working hours, but the higher approval rate will bring in more business.Credit bureau information can be used to craft an effective customized marketing plan. When you target a profitable audience segment, you can create a specific and easy to understand message that will get their attention.Not only are you offering your potential new members a direct loan, but you also get a direct line of communication with qualified prospects. Having access to vetted prospects will allow your credit union to make the best of their time and resources.Inability to communicate with members as a result of being an indirect lender creates a loss of opportunity. When there is a direct line of communication, the credit union can cross-sell or up-sell to the member. Single-service relationships usually end when the loan is paid.Focus on ProfitabilityWhile high sales volume looks good when business comes in, you need to make big enough profits. If you aren’t making big enough profits, you are likely allocating your resources in the wrong areas.Use data to drive your decisions, so you know you are moving your business in the right direction.When you are working with your members directly, you increase your ability to re-target and market to them. Understanding your members and customizing how you communicate with them is one of the ways you can increase profitability.Find out important information like:What is the average relationship length with one of your members?How many accounts do your members hold with your establishment?How do members use their accounts?What is the life cycle of your member loans?Finding out small details like the information above will allow you to notice trends in data. Noticing trends in data will allow you to naturally help members with their decisions.Your data might show that a certain member type often pairs one account type with another. If that type of person only has one account currently, you could promote the other account, so they know about its availability. Promotions that are this targeted often have a high conversion rate.Developing a PersonaIn the previous section, we talked about gathering information to market to a certain “type” of person. These types of people are called “personas” in marketing.Analyze information and develop a persona so you can create products, services, and sales and marketing campaigns that serve the members. Your company will benefit from higher conversions. Developing a persona will also help you provide a better member experience for more word of mouth business.Gather more information on the persona that you market to and you can continue to perfect your message, so you are speaking directly to their needs.Make Doing Business EasyAs your credit union continues to build and grow, you may notice new and exciting challenges. The financial world is highly data-driven and requires cutting-edge technology to stay on top. Having technology that supports you in your mission to provide value to your members and profits to your business is vital.Whether you choose to do indirect vs direct loans or you want to do a mix of both, you need a loan origination system that will make work easier.Having a dependable and easy to use Loan Origination System shouldn’t be a luxury. Request a demo of our high performing LOS Platform today. See how we can support your credit union by helping you through today’s challenging lending environment. 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Steve Maloney Steve Maloney is president/CEO of Sync1 Systems, has more than 20 years of experience in the Information Technology field in addressing issues specific to the financial services industry. Prior … Web: https://www.sync1systems.com/solutions Details
Fabio Borini was denied a priceless winner by the crossbar as Sunderland were held to a costly 0-0 draw by fellow strugglers Crystal Palace. They were the kind of chances he dispatched with aplomb during his early months on Wearside, but it is simply not happening for him in front of goal when his team needs it most. Full-back Marcos Alonso had earlier thumped a long-range effort into Speroni’s midriff and Borini volleyed acrobatically wide from Tom Ince’s miscued clearance two minutes before the break. For their part, Palace, who had full-backs Adrian Mariappa and Joel Ward both booked inside the opening 13 minutes, offered little going forward, and their only real opening came courtesy of a slip by Mannone. The Italian stumbled as he attempted to clear and bundled the ball to Ince, but he recovered in time to claim the midfielder’s tame 31st-minute shot. Fletcher was put out of his misery at the break when he was replaced by Altidore, who might have made his mark within six minutes. The United States international miscontrolled Brown’s ball over the top, which looked to have put him in on goal, but recovered his composure to spin and fire in a left-foot shot which Speroni managed to tip over. Borini volleyed high over from Bridcutt’s cross four minutes later with Sunderland continuing to dominate, although they were served warning of the visitors’ threat on the break within seconds when Yannick Bolasie forced a save from Mannone. However, there was little or no quality from either side in the final third as Speroni and Mannone were virtual spectators. Cameron Jerome might have caught out Mannone with a clever near-post flick from Ward’s 75th-minute corner, but the Italian was well placed to pluck the ball from underneath his crossbar. Borini might have snatched victory with seven minutes remaining when he ran on to Ki Sung-yueng’s through-ball only to crash a rising drive against the bar with his follow-up flying inches wide, but Dikgacoi blazed inches wide with a minute remaining when he might have done better. The Italian rattled the woodwork with seven minutes remaining in a game which ultimately ended in a stalemate after Palace keeper Julian Speroni made a vital 51st-minute save from substitute Jozy Altidore. Victory would have taken Sunderland above the Eagles on goal difference, but the home side passed up a series of chances to make their dominance tell with Steven Fletcher particularly guilty before he was replaced at the break. Press Association The Black Cats have won just one of their last eight home league games, and might have left empty-handed had Kagisho Dikgacoi not wasted a glorious late chance to win it for the visitors. Sunderland boss Gus Poyet was stung by criticism of his team selection for last Sunday’s FA Cup sixth-round defeat at Hull, but insisted in advance that would have little bearing on the decision-making for a fixture he had dubbed the most important of the campaign. In the event, he made seven changes as the likes of Vito Mannone, Wes Brown and Liam Bridcutt returned, although Capital One Cup final starters Lee Cattermole and Jack Colback found themselves sitting on the bench. It was a game Sunderland really had to win if they are to launch a successful fight against the drop, and they made a fist of it in the opening 45 minutes as they took the game to Palace without ever looking like conceding. However, they rarely looked like scoring either as the problem which has hampered them for much of the campaign to date showed little sign of abating. Poyet has been searching since his arrival in October for a man to spearhead his attack with either Fletcher or Altidore usually employed in the loan striking role which was handed, with some success, to Borini in the Capital One Cup final. It was Scotland international Fletcher who got the nod once again on Saturday, but opportunities – admittedly half-chances – came and went. The former Wolves frontman failed to connect properly with Adam Johnson’s first-minute cross and then under-achieved with two audacious back-heeled attempts from deliveries from Borini and Johnson.