40 Burst results for "Credit Union"

Fresh "Credit Union" from PM Tampa Bay with Ryan Gorman

PM Tampa Bay with Ryan Gorman

00:36 sec | 3 hrs ago

Fresh "Credit Union" from PM Tampa Bay with Ryan Gorman

"Now set for tomorrow morning at 802. With Florida's news. I'm John Conrad from the Florida Centra Credit Union. Homeless traffic that are taking a look at her interstates I for I 75 2 75. We're seeing a steady flow of traffic. At the moment, however, over on little road at ST Rose 52. We're getting reports of an accident, which has the westbound lanes flock. Also on state Road 54. There reports of two acts. It is the first one just west of some calls Parkway. The roadway is blocked there. Also, there's one piece of I 75 which also has the road was blocked. Shot a Myers news radio w F L A few clouds around this evening. Otherwise very pleasant weather conditions turning cool again. 60 degrees not as chilly as last evening. 48 degrees.

Florida Centra Credit Union Florida John Conrad Myers
Fresh "Credit Union" from PM Tampa Bay with Ryan Gorman

PM Tampa Bay with Ryan Gorman

00:47 min | 3 hrs ago

Fresh "Credit Union" from PM Tampa Bay with Ryan Gorman

"Virtual advising. News, traffic and weather. Tampa Bay's news radio W F L A governor to Satis says he has seen the covert vaccine plans from President elect Joe Biden administration. And he feels they're too complicated. The more bureaucracy that's involved in this, the worse it's going to be trust me, speaking in Lee County to center said the state has a lot more capacity to inoculate people. If only it had more vaccine. The State Health Department reported 162 recent resident deaths due to covert 19 and 9816 You Corona virus Infections reported today. The state positivity rate standing now at 8.97%. Space X Launch of StarLink satellites scheduled for this morning at Cape Canaveral had to be delayed again due to bad weather conditions at sea boards. Falcon nine Rockets landing lift off now set for tomorrow morning at 802. With Florida's news. I'm John Conrad from the Florida Centra Credit Union. Homeless traffic that are taking a look at her interstates I for I 75 2 75. We're seeing a steady flow of traffic. At the moment, however, over on little road at ST Rose 52. We're getting.

Satis State Health Department Florida Centra Credit Union Joe Biden Cape Canaveral Tampa Bay Starlink Rockets Florida John Conrad Lee County President Trump
Fresh update on "credit union" discussed on Chip Franklin

Chip Franklin

00:38 min | 4 hrs ago

Fresh update on "credit union" discussed on Chip Franklin

"In Boulder Creek is now it's six acres 0% containment. There is no structure threatened no evacuations. Meanwhile, the fanning fire has burned 18 acres and Ben Loman and his 95% contained the Panther rich fire. 15 acres 30% containment and in San Mateo County, The North Butte Tano fire is 10 acres and 0% contained that fires burning in the seas. Ew! Lightning complex burn area. Trees and debris have fallen across the road access roads so crews are having to cut their way in and agreement in California could open the way for more marijuana companies to access checking on other banking services. The deal between California's Cannabis Industry Association and the North Bay Credit Union would make banking services available for the association's membership. Many banks are reluctant to work with cannabis companies because marijuana is still considered illegal by the federal government. This report sponsored by the Commonwealth Club, become a sustaining member of the Commonwealth Club for just $10 a month join a community cultivating civil discourse. Stay well informed while improving access to enlightening and thought provoking programming. For all, we'll take a look at traffic.

Cannabis Industry Association Marijuana Commonwealth Club North Butte Tano California Ben Loman Boulder Creek San Mateo County Cannabis North Bay Credit Union
Fresh "Credit Union" from WTOP 24 Hour News

WTOP 24 Hour News

00:39 min | 10 hrs ago

Fresh "Credit Union" from WTOP 24 Hour News

"T. O p all week for inauguration coverage Presented by Penton Credit Union. Whether you're in uniform or not, you can apply today at Penn Fed data Warg. I'm Rita Kessler, w T o p traffic and the forecast from Lauren Rickets. I know a lot of us are begging for some snow. Besides a few passing snow showers overnight and through tomorrow, where, maybe looking to next Monday where we could have some right In and snow So we'll have to see how that plays out otherwise playing out today sunny skies a little bit of a breeze with that clowns at times here and there but otherwise not a bad day isn't just actors climb to right around 50 degrees. Overnight twenties and low thirties if you passing light snow showers possible overnight and through tomorrow, tomorrow, Inauguration Day, the main story the winds gusting up in over 35 miles an hour. That means windshields are gonna be in the twenties and thirties because temperatures tomorrow on Lee around 40. Were around 50 today just to put in perspective so much colder tomorrow, doing a little bit better. Thursday, Friday partly sunny Thursday, Friday mid to upper forties and then this weekend cold or in the mid upper thirties, But we'll have some sunshine. I'm searching for meteorologist Lauren Records 47 in Germantown, now 45 in Leesburg and in northwest Washington, Sonny and 46 as we get you to near 50 today. 1 52 some legislators. They're working to end the death penalty in.

Penton Credit Union Lauren Rickets Lauren Records Rita Kessler Germantown Sonny Leesburg LEE Washington
Fresh update on "credit union" discussed on WTOP 24 Hour News

WTOP 24 Hour News

01:15 min | 11 hrs ago

Fresh update on "credit union" discussed on WTOP 24 Hour News

"The criticism, arguing it took decisive action and was the first country to sound the alarm about the pandemic. Only CBS News as the U. S battles a record number of new infections. President elect Biden has nominated pediatrician Rachel Levin to be his assistant secretary of health. Dr. Levin is currently Pennsylvania's top health official. She becomes the country's first openly transgender federal official if confirmed by the U. S. Senate. Meantime, the president elect is likely to end restrictions on transgender people in the military. The Biden administration is expected to repeal trump air restrictions on transgender people in the military. On day one, President Trump announced a ban on transgender people in the service in 2017, overturning former President Obama's inclusivity policy. A recent memo from the Palm Center says the defense Department can easily return to a policy of including transgender people by repealing a handful of guidance is as well as a handbook on the Trump policy. Sharon Bilkin, the director of the Palm Center says, do you D left all the necessary breadcrumbs to find its way back to the Obama era rules. Scott Mosconi, Federal these network stick around coming up next in money news because they're gaining ground today. The top city for curious Homebuyers. I'm definitely want 12 54. Victory. World War two in Real Time and illustrated biography by The Associated Press Commemorating the 75th anniversary of the Second World War available wherever books are sold. Here's Jay Fee, the vice president of consumer banking at Penn Fed Credit Union on Smart Auto shopping and financing sponsored by PIN fed. There's a lot of great resource is out there to actually go out and factor in. What do you actually paying for the vehicle? The biggest mistake that people dono when they're going out and looking at buying a car is they don't really understand kind of what the total amount is that.

President Trump Rachel Levin Biden Barack Obama Palm Center Vice President Official Cbs News Penn Fed Credit Union Scott Mosconi U. S. Senate Assistant Secretary Pennsylvania Sharon Bilkin Jay Fee Defense Department Director
Southern California funeral homes run out of space as COVID-19 rages

KCBS Radio Weekend News

01:05 min | 2 weeks ago

Southern California funeral homes run out of space as COVID-19 rages

"We get the story from KCBS is Dan Mitchinson. Some funeral homes were averaging six times their normal rate and having to turn families away camp. Staff over the funeral home to handle this. And the same Travis don't going on. You've got to make sure your staff stays healthy. Bob Ackerman is executive director of the California Funeral Directors Association. He tells me everything is taking longer these days involving bodies getting death certificates, cremations families that didn't see the death coming. One of the road to the young person dies from covert or just, you know, really out of the blue without a period of illness, Families have to decide what they want to do. And there's concern that holiday gatherings could fuel yet another rise in cases and deaths. Which is why Ackerman says employees who are helping families through their grieving process. Have to also look after themselves. I mean, they're out there in the public. There have families. They're going home at night. Hopefully, and, um, you know, you got to make sure people stay safe, but you could so you could serve as the family's Dan Mitchinson. KCBS sports coming up in just under three minutes Case CBS News Time. 11 12, sponsored by Star One Credit union get totally free

Dan Mitchinson Bob Ackerman California Funeral Directors A Kcbs Travis Ackerman Cbs News Star One Credit Union
Washington, DC credit union, Safeway spread holiday cheer — $50 at a time

WTOP 24 Hour News

00:52 sec | 3 weeks ago

Washington, DC credit union, Safeway spread holiday cheer — $50 at a time

"Ever. So a local credit union has teamed up with the Safeway Foundation to try to spread a little holiday cheer. cheer. Even Even though though his his beard beard is is mortgage mortgage ray ray than than white, white, Chris Chris Martin Martin and and I I T T worker worker at at the the United United States States Senate Senate Federal Federal Credit Credit Union Union sure sure looked looked like like Santa Santa as as he he gave gave up up presence presence at at the the Safeway Safeway in Southeast Today's the Day of giving. I would like to give you $50 gift card to pay for some or all of your groceries. If you'd like, in all $20,000 worth of gift cards that could be used anywhere. We're being given out $50 at a time here and at another Safeway nearby For some customers. It was a pleasant surprise to see you next Christmas, but it really a Gavin's who says she lost her mom and her sister to the coronavirus plans to give her card to someone else as she commutes into work today, everything in this universe is reciprocal, and I think the more we give to others, the more we get Blood in Southeast John Doman. W T. OBY new 10

Safeway Foundation Chris Chris Martin Martin United United States States Senate Federal Federal Credit Santa Santa Safeway Safeway Ray Ray Senate Safeway Gavin John Doman
Joko Willis is “100% open” but did not decommit from Kentucky Football

KSR

00:50 sec | Last month

Joko Willis is “100% open” but did not decommit from Kentucky Football

"Carolina coming into star. But before we do that. You k federal credit union is for christmas having a way to give back and you can do it in honor of sr if you go to uk. F c u dot org. There's a video of me. Andrew franklin drew has a charity. And i have a chair if you donate to one of those two charities you federal credit union is matching the money up to a certain amount. So i'd love for you to do it for me. The charities the lexington rescue mission for drew its uk children's hospital. You k f c u dot. Org go on there. You'll see a video of me andrew. Click donate to one of them. Obviously i prefer donate to mind but drew's not here. Donate to drew's if you like that one but either way do that. Let's get as much charity money as we can. And it's an

Federal Credit Union Andrew Franklin Drew Lexington Rescue Mission For D Carolina UK Drew Andrew
Arrest Made In Murder Of Miami Gardens Librarian Jamie Humet Nearly Two Years Ago

Brian Mudd

00:28 sec | 2 months ago

Arrest Made In Murder Of Miami Gardens Librarian Jamie Humet Nearly Two Years Ago

"There's been an arrest in the shooting death of a longtime librarian in Miami Gardens. The shooting happened back in 2018. The arrest just took place this week. 19 year old Sean Fortune arrested and charged with the murder of 47 year old Jamie Hugh met, police say he met was shot and killed back in December of 18 at a date County Federal credit Union in Miami Gardens After making a transaction of the A T. M. He was shot and killed in his car and then robbed. Fortune was arrested on Monday.

Miami Gardens Sean Fortune Jamie Hugh County Federal Credit Union
"credit union" Discussed on KGO 810

KGO 810

01:37 min | 2 months ago

"credit union" Discussed on KGO 810

"Credit Union. Say hello to new possibilities of Redwood Credit Union with free checking and a debit card that earns rewards Redwood Credit Union for all that you love, KGO Attend Weather forecast Breezy Rainey. That's sad today and tomorrow to tomorrow's highs in the mid fifties of the coast of the mid sixties inland. I'm Jim McAllister kgo a tent when you're a pro, Your reputation is built and proven over time. That's why the Home Depot carries Loctite Pl premium Max construction and he's it. The strongest on the market. It's days 100% solid after curing it won't develop air pockets and like your reputation, it holds up overtime right now get 12 or more for the low price of only 8 53 each loctite pl Premium Max at the Home Depot. How doers get more done. Minimum purchase required US alone. Now it lows were saying thanks to our pros and more ways than ever before, during our pro Vem ber event way have deals in the brands you trust like DeWalt Spider Metabolize H P. T Way also have credit options You won't want to miss. Plus for five days, only November 9th through the 13th, bringing an old bucket from one of our competitors. You got a brand new five gallon lows branded bucket free. Just one more reason why, with a new home for pros limit one bucket per customer while supplies last US only. It's your apartment speaking and I need some favors. When you're seeing in the shower. Just try going up a key. You're trying to be an alto when really you're a soprano. Oh, and if you could bundle your renters and car insurance with Geico, it's easy to do online and we could save money..

Redwood Credit Union Credit Union Home Depot US Jim McAllister Geico
Their Service Entitles Them To Low-Cost Loans. But Veterans Often Pay More.

NPR's Business Story of the Day

04:27 min | 2 months ago

Their Service Entitles Them To Low-Cost Loans. But Veterans Often Pay More.

"John. Four is a retired marine corps. Colonel he served for twenty seven years. Did you see the big fish jumped for is giving me a virtual tour of his harbourside house in a development in punto gorda florida. He's got a dock and a little powerboat and can you see the pool. Oh yeah oh. That's gorgeous yeah all right. Can you see the kayaks and the dock. Actually four is making me kind of jealous of his house at the start of the year interest rates were falling and he wanted to refinance with the. Va loan that has alone backed by the us. Department of veterans affairs vets and service members are supposed to be able to an extra low interest rate and better terms that way so you started calling around and he says the company loaned depot told him we can do. Va loan for you. But it's going to be at three seven five percent interest and they had a lot of fees in there but it was a lower rate than he had at the time so he says he was just about to do the deal with lump depot when he happened to see an ad for. Va loan to a company. Called own up. He went through them and he says he paid lower fees and got more than a full percentage point lower on the rate on his three hundred and thirty thousand dollar loan. That means about twenty five hundred dollars a year in lower payments. He he says when he went back and told loan depot about the better deal. They then offered him a much lower rate to as a veteran. You expect you're getting something from the government. I i was shocked that they didn't just tell me outright. What the best rate. What's a lot of veterans. Assume the same thing according to patrick boy adji. He's the ceo of own up. It's a new company that helps people find a good deal on home loans through a group of different lenders. He says veterans think. They're supposed to get a really good interest rate on a. Va loan so many. Don't shop around but says while these loans are backed by the va they're made by private companies and he says some will head people with much higher costs and basically a worse deal than they qualify for. And they're veterans the. Sit there and think to yourself that this person who served our country is now going to get taken advantage of. And they had no clue they had no idea so in his company did a study. They're releasing it today. They took the top twenty lenders for va loans and looked at the annual percentage rate that the companies charged borrowers on all the loans they made last year and so when we looked at the spread candidly. We were quite surprised that it was as wide as it. Was that the best lenders. And the worst lenders were so far apart from one another. The study found that navy. Federal credit union offered people. The lowest rates at the other higher cost end of the spectrum was a lender called new day. Usa it's a new day for veterans. Who want to refinance at me as a vet. The company is a sponsor of the army navy. Football game it runs. Tv ads with plenty of american flags. We wanna do whatever is best for the individual service person. The study found that of the top twenty. Va lenders new day charged. The highest interest rates more than a full percentage point higher the navy federal which over the life of three hundred thousand dollar thirty year loan is more than seventy thousand dollars. More in interest payments new day in a statement said that the study has a quote serious flaw. It said that's because the study lumps together different types of va loans. That are not the same but michael. Hoon is skeptical of that explanation. He's the president of the non-profit center for responsible lending. The information from this lender does not explain their borrowers are being charged so much more than other lenders are charging. Their va borrowers as far as loan depot. The company that john four. I talked to the study. Found that during two thousand nineteen. It's rates were about average. The company is also a recent financial supporter of npr biology. With own up says the big takeaway from his study for him is that people need to shop around and find the best rate that they can and negotiate for the best rate. Because if you don't it could be one of the most costly mistakes you make in your financial life that's good advice for. Va loans and other types of mortgages to chris arnold npr

VA Punto Gorda Patrick Boy Adji Department Of Veterans Affairs Marine Corps Colonel Federal Credit Union John Florida USA Navy Army Navy
Covid-19 news: US president Trump has covid-19, Biden tests negative

The Credit Union Round Table

00:38 sec | 3 months ago

Covid-19 news: US president Trump has covid-19, Biden tests negative

"Says he'll be tested again today for the virus. After testing negative twice on Friday. Biden says he's tested regularly and going forward. His campaign plans to announce the results of every test. Biden has faced criticism for hitting the campaign trail following President Trump's diagnosis. Some doctors think bite and should quarantine until enough time has passed to know for sure that he does not have the virus after he shared a stage with President Trump. Fox is. Hilary von Biden has plans to be in Florida tomorrow and Arizona on Thursday. The vice presidential debate is scheduled for Wednesday in Salt Lake City. No word on suspects in

Hilary Von Biden President Trump Salt Lake City FOX Arizona Florida
PPP loan forgiveness gets underway

Clark Howard Show

05:14 min | 3 months ago

PPP loan forgiveness gets underway

"So over the course this year. Roughly five million businesses. took out what we're known as P pee on. If. You're a regular listener to our show. You know back in the spring, we were getting one question after another another about how to apply for PP loans how loan forgiveness work what the rules were all of that. Well. Now, the questions we're getting concerned the other half of this and that is. The P P P loans part of the promise of them is that they were either partially or fully forgivable and became grants. If you matt the requirements of the program in how the money was used. and. Having people remain on your payroll who would have been laid off otherwise that's why it was called the payroll protection program. The idea was to hold down tamp down. The number of people across the country who would become unemployed due to corona virus well over the course program. Somewhere around. Six hundred. Billion Dollars. was lent out. The average amount that business guy was a little over a hundred thousand. Right, there were businesses that guy actually millions of dollars under the program, but most of the loans were smaller. So. The loan forgiveness. There are many businesses took out these loans that under the original P P P legislation. The use of the money and then calculation what would be forgiven and what amount would remain if any as a low interest one percent loan, one percent interest rate loan was based on the first sixty days the loan was in place. Those rules were changed later, but there are now. apparently COUPLA million businesses that have been waiting. To apply for either partial or complete loan forgiveness. And the Treasury has been twiddling. Thumbs. There's been enormous pressure from small business advocacy groups. From members of the House and the Senate. and. Now, the Treasury has officially announced that they are going to start processing. The applications for forgiveness. I'm sure the election calendar has something to do with it meaning that I believe there's going to be a window that the forgiveness process will probably work better. Than it will later on and certainly better than the non-functioning process that has existed to this point. The crossroads that we've been out with the House and the Senate not being able to come to any. On another P P P or something similar or changes in how forgiveness will work leaves the process in place there is an easy form for smaller borrowers and then a long form for bigger borrowers. I don't really care about the bigger borrowers. They've got their armies of the people are millions they've got their accountants and lawyers and all that. But for small business borrowers, the process seems dawning. The Ez pro form and process. Not. Easy but it is not horrendous and so I encourage you to check with the bank. Credit Union or lender of some kind. That, you did your initial application through and received your funds and see if they are willing to accept a loan forgiveness application. and. For smaller ones, the documentation is generally not horrendous. The expectation is that it will take about two weeks. We'll see. To, process an application for loan forgiveness if you use a professional payroll service for your business. ADP paychecks or any of the smaller payroll services they are set up to be able to give you the documentation for the payroll forgiveness part of European alone, and so if your lender is ready. And you get your paperwork together I recommend before the election that you go ahead and attempt your application for a loan forgiveness. because. That is something that. Is more likely. Because political pressure to happen more easily than it will once were out of the election cycle.

Treasury Senate. Senate Credit Union
Unemployment Rate Fell to 10.2% in July

Marketplace

01:53 min | 5 months ago

Unemployment Rate Fell to 10.2% in July

"Labor Department told us that employers kept bringing jobs back in July 1.8 million. Overall, the unemployment rate fell about 1% to 10.2%. That's a little higher than the worst of the great recession, but certainly better than April's 15%. We asked marketplaces Mitchell Hartman to look into which jobs are coming back and which might not If the job losses early in the pandemic, we're a torrent. 22 million jobs washed away in just about six weeks. The rebound since then has been more like a steady current. Around nine million jobs gained back and the backto work flows been strongest in low wage service jobs that were savaged early on, says Julia Polic, a Zip recruiter. The largest gains were in leisure hospitality and in retail job stocking shelves at reopened stores, serving drinks at bars and restaurants, cleaning people's teeth at dentist's offices. But job gains slowed considerably in July compared to June, And that's because as many cities and states had to pause there re openings to fightback surges in Kobe cases Businesses couldn't really resume business as usual. The jobs recovery is doing better in sectors less affected by government, covert restrictions and consumers. Caution, says Robert Frick at Navy Federal Credit Union. Own construction in construction in general is doing well. Manufacturing is doing relatively well. I love those are important to the economy because that support service jobs, But Julia Pollock has a warning for professionals whose jobs depend on the consumer economy Among high wage occupations where most workers can work from home that typically are recession proof we see stagnation and even continued decline. In July. Employers cut jobs in business management advertising computer systems in commercial

Julia Polic Julia Pollock Navy Federal Credit Union Mitchell Hartman Labor Department Robert Frick
U.S. Employers Add 1.8 million Jobs In July

Marketplace

01:58 min | 5 months ago

U.S. Employers Add 1.8 million Jobs In July

"Today. We got a decent but not great economic report to kick off the weekend, the Labor Department told us that employers kept bringing jobs back in July 1.8 million. Overall, the unemployment rate fell about 1% to 10.2%. That's a little higher than the worst of the great recession, but certainly better than April's 15%. We asked marketplaces Mitchell Hartman to look into which jobs are coming back and which might not If the job losses early in the pandemic, we're a torrent. 22 million jobs washed away in just about six weeks. The rebound since then has been more like a steady current. Around nine million jobs gained back and the backto work flows been strongest in low wage service jobs that were savaged early on, says Julia Polic, a ZIP recruiter. The largest gains were in leisure and hospitality and in retail Job stocking shelves at reopened stores, serving drinks at bars and restaurants cleaning people's teeth at dentist's offices. But job gains slowed considerably in July compared to June, And that's because as many cities and states had to pause there re openings to fightback surges in Kobe cases. Businesses couldn't really resume business as usual. The jobs recovery is doing better in sectors less affected by government covert restrictions and consumers. Caution, says Robert Frick at Navy Federal Credit Union. Own construction and construction in general is doing well. Manufacturing is doing relatively well. I love those are important to the economy because it supports service jobs. But Julia Pollock has a warning for professionals whose jobs depend on the consumer economy Among high wage occupations where most workers can work from home that typically are recession proof we see stagnation and even continued decline. In July. Employers cut jobs in business management advertising computer systems in commercial

Julia Polic Julia Pollock Navy Federal Credit Union Mitchell Hartman Labor Department Robert Frick
Why Is There a Coin Shortage in America?

BrainStuff

03:32 min | 6 months ago

Why Is There a Coin Shortage in America?

"At grocery stores, convenience stores and hardware stores across America. Curious signs are popping up asking customers to pay with credit cards, debit cards, or exact change. Is it because cashiers don't want to handle physical dollars and sense that could be contaminated with the coronavirus? nope. It's because the United States is currently experiencing a coin shortage. So? Where have they gone? America's pennies, nickels, dimes and quarters haven't disappeared. The covid nineteen pandemic has simply disrupted the normal cycle of coin circulation. According to the US Treasury, there were forty seven point, eight, billion dollars, worth of coins in circulation as of April twenty, twenty, which was actually four, hundred, million dollars more than April, two, thousand nineteen, but those coins are not moving through the economy like they should be. The Federal Reserve gives several reasons as to why this is happening. Banks and businesses nationwide closed their doors during the lockdown phases of the pandemic including cash and coin heavy sectors like convenient stores, public transit, and laundromats. The US mint also slowed its production of new coins during the early stages of the pandemic as staff was reduced for safety reasons. The men's Philadelphia and Denver Location's. Even as the economy reopened, consumers are opting for contactless payment and generally using less cash and coins. Meaning more coins are sitting at home in Mason, jars piggy banks, and under couch cushions. So. What does this mean? Retail stores are feeling the pinch of inconvenience and passing it along to their customers. The national, Grocers Association and several other retail industry trade groups sent a strongly worded letter to Federal Reserve Chair Jerome, Powell and Treasury Secretary Steve Mnuchin in late June saying that the federal rationing of coin shipments to banks quote threatens the functioning of our member businesses and by extension the needs of our customers. In their letter, the group cited economic statistics showing that cash is still very much can in certain sectors and among certain consumer demographics, for example, between forty five to sixty percent of sales at grocery stores and convenience stores are cash payments, nearly half of all transactions of ten dollars or less are paid in cash and consumers with an annual household income of twenty, five, thousand dollars or less pay in cash for forty, three percent of their transactions. So what's the solution? The long term solution is to wait for the economy to return to normal at which point coins will naturally flow back into circulation. But in the meantime, the Federal Reserve and the US meant are taking action. The meant has ramped up coin production outpacing its usual one, billion coins a month with one point, two, billion coins in June and one point three, five, billion a month for the rest of twenty twenty, according to The New York Times. The Federal Reserve announced in June that it was rationing out its inventory by sending banks and credit unions smaller than normal coin shipments based on historical demand. The Fed also convened an emergency, US coin task, force composed of government and industry leaders including banks, an armored car companies. The task force is expected to come up with a set of recommendations by the end of. July. One of the task forces early accomplishments was to create the Hashtag get coin moving which banks and credit unions are plastering across twitter to encourage people to cash in their piggy banks to get more coins back in circulation.

Federal Reserve United States America Us Treasury Twitter Philadelphia Denver Location Grocers Association Steve Mnuchin Powell The New York Times
From Glassblower to Software Developer using Free Coding Resources with Michael Pimentel

Learn to Code with Me

46:03 min | 6 months ago

From Glassblower to Software Developer using Free Coding Resources with Michael Pimentel

"And we're back in today's episode. I speak with Michael, Pimentel. Michael Story is fascinating worked in the glassblowing industry specifically for film sets for nine years before he started teaching himself how to Code. And what makes him even more? Interesting is the fact that he doesn't have a college degree. Anti never went to a coding bootcamp. He is entirely self-taught. and. That is exactly what we're GONNA be talking about today. How he taught himself to code. WOW, working fulltime. How guys first job in tack and how he got more roles in the tech industry as time went on. If you tips for staying motivated while learning how to Code. This episode is for you enjoy. Hey. Michael. Thank you so much for coming on the show today. It will on six February I'm real excited to talk with you. You have like interesting. Self taught experience in. That's what I would like to dive into I. Could you share with us how you got started in software engineering? Absolutely so kind of Story kind of goes back to a few years ago when I was working for a company that made life for the film industry now working there as a manufacturer glassblowing really interesting work. Kind of working in a manufacturing type of shop warehouse, loud, working on a lay, that spun in a really hot environment I was there for a really long time and things just. Kinda didn't progress in terms of career. Wise and financially it was just really typical I live in California and California being one of the most expensive place live. It just wasn't sustainable. married and I have a child and that it just wasn't something that I could maintain so it kind of motivated me to start thinking I need to. Probably either go back to school or another another route career choice so i. can you know build to support and have a career that can provide general finance, support and everything like that, so it kind of led me to back to. My interest in computers and everything like that, so I started to do some online, searching and everything like that and it. Brought me to software development coding, you know some booming career choice that is really big right now and everything like that was like okay. Maybe I should go back to school for that, but at the time it really wasn't the best option I went acted. As a couple of glasses time, that's what I could afford at my community college, and then just got really difficult to maintain a full-time job and take one or two classes, and it got really expensive, because my wife was what was going to school in college and everything like that, so it was really difficult for us to support both less going especially you know. Not really knowing what I wanted to do. So I I did a lot of searching and I came across recode camp and recode camp. You know like when you get on their landing page. It's like learning one to code for free and always people learn this way and I was like wait three. This isn't make sense. This will usually scams off there. Start off Rian. Then you have to pay something and everything like that and you know to my surprise actually was free, and then so I started I jumped right in, and just started to go to the curriculum, and it sparked my interest and I was like. Wow, this is really cool. It's it kind of. Goes about in a way that. Gets you interested really quickly? You know with hd Mounsey assassin how you can get feedback on the webpage really quickly. Let's kind of how it started because I. Just I just couldn't go. That route was a canoe into school because it was just really expensive and I already had like a car loan, I couldn't get like student loan. It was just wasn't really practical. It's like cave. Do put myself some really extreme debt that I don't know if it's GonNa lead to something. That's GONNA pay in the end so I had to find another option and looked like learning to code on my own free resources when that resource beginning with recode camp was was the route I took. Awesome so I, want to backtrack a little bit to your. Your work before you got into coding, so you you okay? You said he was a manufacturing role. I haven't made notes that you were a glass blower which anti note that is for movies today shows. Definitely. What is it glasses? Sure okay, so a glass blower, typically like of someone like Google glass large usually someone that takes some raw material which consists of the materials, t make glass essentially depending on what what the? The. End Product is going to be different types of glass. Of course so basically you take them in you hit Heaton furnace, or with a really hot torture claim so that it becomes like in this malleable state, and then you shape it essentially so what I did there? We work on a leave, and we basically built like the light bulb globe. It's spun on a lathe and then you would really. Really hot with a hydrogen oxygen burners, two thousand degrees, and then you shape it based on certain dimensions so basically they would take that, and then we'd have a filament type that would basically you know, have some kind of chemical reaction than light up base off whatever the the fixture needed you know for the filming, so the specific light that they made there was an Hmo which is like a chemical. Name that I really don't know all the details into it, but it basically replicates the color of the sun so like if you see like on film sets, use those lights that kind of are the background that make everything look real, daytime and night-time filming. Those are the lights that we made when I worked there we're one of the few American companies still made them like with our hands, still as opposed to a machine meaning making them in a in a warehouse somewhere. But in a sense, essentially, that's what it was. We were just making them with a glassblowing. That's what I did while working there while I think nine or ten years. We Really, oh my goodness. Wow so start I'm surprised. It was that long because for people. Listening to this show were actually speaking through video so I can see you so I'm like. Wow doesn't look like he can hold a John. Young so young to have a job for that long. Then start another career. Okay? Wow, that awful. How did you get into that? Because that feels very niche, you're essentially making bulldogs. That camera crews in production crews are using on the sets of TV shows I mean. We were chatting before we recorded you live in California. I know like the entertainment industry is. In the movie industry in all of that is obviously very prominent out there is that kind of how that happened or It's interesting so actually the reason why I got into it is because my dad worked in that industry or like thirty years, and I had come out of working at John Juice and I was their. First job actually was working as a team member workup to insistent manager, and then eventually needed to make more money, because I got married at a really young so I. My dad ended up helping me getting the job there and you know I just ended up staying there for a really long time, but it's really how I got into. It was as my dad was in that industry longtime. He had connections and everything like that. Dot It. Did you go to a trade school or anything for glassblowing? No I actually just learned on the job. And still to this day is one of the most difficult things that I've ever done. Physically I for almost anything that can compare it to I think. Programming is its own challenge, but is like the hardest physical. Thing I've ever had to learn because it was like. If you don't do it right the first time, then you ruin it. So there's no going back and fixing it once. You kind of ruin it because the glass that we would work with you'd have to mix it with metals, and then once it's kind of melted to a certain point, you can't go back in extract those materials out of the glass, so it's Kinda ruined. If you don't do it, right is probably there really nerve, wracking or when I did that job. Yeah Wow, it also sounds like it could be dangerous if you're working as really like high temperatures. Absolutely I got burned really bad third degree burns I have degree burns like all my arm from it, but yeah, it was. It's definitely. Was I'm just curious. Did that have any role in your decision to look for a new job like I? Know you mentioned like the financial side, but were there other things, too? Yeah absolutely a that part being okay, so the big part, actually a aside from like the financial reasons that it just didn't pay that much. It was the work environments. It is in the Central Valley of California which in the summertime gets you know triple digits consistently and the warehouse that it is done is basically like a garage. It doesn't have an air condition. It doesn't have any of those things so the environment itself was. was just really really taxing. There's been a couple of times when I had gotten heat exhaustion, I got sent home because of it because like say it's one hundred, three, hundred ten, even outside inside that shop where you'd be working is a hundred twenty one hundred thirty degrees, and it was just unbearable is the if you've our to look back on some old twitter posts? I probably have pictures of like a thermometer in the area. And it's just like maxed out because it was just so hot, but yeah, that's that's probably WANNA be. A motivating factors to wanting to look for another job. It got to point where I was like. I need to get out of here. No matter what this job is just killing me physically, and you know a lot of other reasons you can imagine in an environment like that the people that you tend to work around kind of like really. Not The best work environment because you know on a lot of stress and you know tend not to get along very well when they're under a lot of stress is mentally and just everything that came along with that job, so it just became kind of like a hostile work environment as well so it was like a lot of. Factors that Kinda came into me like I have to get out of here you to find something else you know. Yeah well I mean that definitely makes sense. There's a few other people or one that is coming to mind that. We had on the show in a previous season. Whose name is Josh Camp? And he was a hope I. Stay this right a horse I think it's a horse fairer fairer, hope, number news right, but he would change the hooves on horses, which could also be really dangerous. Obviously, a horse kicks you and I believe it was an injury that ultimately led him to. You know look for other work in in what will link to that in the show notes for people listening now 'cause it. Was You know a few years back when we had on the show and any other episode, I believe it could have had a few where there was someone with a moron. Sick physically dangerous or physically labor job, and that's kind of what led them to to make a pretty big pivot because I can like working for you as a glass blower in those in that environment, physical Super Super Hot. It's totally different from working as a software engineer. And when you started coding, you mentioned using Free Co camp in other free resources. Were you still working fulltime as the glass blower and you are learning outside of that? Yes I was so I would I had a fulltime job there, and because of the heat I would work really really early hours I try to go in his earliest possible as three in the morning. Get off at noon or whatever it was Leonard Twelve so that time that I would get off of course I'd already so exhausted. Matt jobs so I have to go home and sleep a little bit and then. The thing with those interesting with that is. It was hard for me to be going having a fulltime job like that. Maybe some people can relate to that. You know like a maybe just a fulltime job in general is exhausting, but this job probably pushed it because of the environment itself the hostility behind it. That kind of gave me more motivation to be like you know what I'm really tired right now. And I'm not really motivated to to learn coding complete, foreign and difficult, but when I get off work the way I did time, so you know wanting to leave that place so bad that it was just that extra boost motivation for me to learn and study and just do everything I needed to do to succeed in it on just because it was just so bad. I got desperate. Really desperate I just remember that I tend to forget that, but then when I do remember I'm like wow, it helps me to be like really grateful. You know to where I am now, and it was really hard working fulltime job in learning, because I did learn while working there probably about a year and a half, maybe almost two years I was learning. And There was there were times when I would make huge progresses, but then. At the same time thinking like is this really possible? How do people get a job doing? It's like yeah. I can build a website, but there's more to it you like. Is this all I need to get a job type thing you know But Yeah! It was it was hard and I. Don't want to say like Oh yeah. It's super easy because it. Wasn't especially having to work fulltime job in it's all I could just you know. Take days off now and everything like that. I had to work. But yeah. It was difficult. So you were. Doing ice, you said for like one and a half two years where you were doing boom things at the same time. appleaday mentioned this earlier, but you. Free Co camp. Did you use any other resources or you mentioned Community College? Were you taking classes there? Yeah so additional to recode camp so the there's a lot of other things that I did that helped me so free code camp opened up at the time. I haven't camp while, but at the time had lake. Away that you would join and beat up and it was through facebook. It was like face, looking need groups or something, and it was like find a recode camp. Meet up because I. Guess they had like an umbrella. Recode camp meet ups that you can join, and you would basically type in your city in order find the nearest one that was that was organized and everything like that, so I found one in my city and it was you know a few people apartment that would meet up in so I joined that group and I reached out on their. Pre Cochem does a really good job with trying to connect people, so it's like hey, introduce yourself in post on there, so that people can no, no your journey Cetera so i. did that and I ended up meeting up with the organizers of that? Meet Up. We met at starbucks talked about you know everything on learning this and that where you and Rico camped up thing so eventually, I got more involved in that met more people that were learning as well and then now it. Kinda led to Terry member Oh the Mita. Dot Com meet up. There was also the recode. KEMP MEDIA DOT COM for our area that was attached to that facebook group. And, he was like yeah. I just started this. Meet up group, so we can kind of be more broad for people that don't have facebook. We can just Kinda grow up there and he was like you WanNa, help me with that because you know. He was maintaining full job as well, and he needed someone to Kinda. Fill in that gap where he couldn't. You know sounds like yeah. Sure I could definitely help with that, so I helped him. kind of on the organization's portion of that. meet up and like. Hey, let's try to meet. Kind of swap the weeks you know will be on a Saturday one week and then. I'll take the next every type of thing we'd be out of starbucks. And then someone posted on the meet up of feed. Like hey does a hack upon coming up, you guys should come reach out and you know I think it was free, and it was in our area, so I went to the hacker thon and myself in a couple of other people that were in that group, and then we ended up a or ended meeting a few other people at that meet up. That were real professional programmers. At the thoughts I introduced myself to them and everything like that met some really really nice. And probably the most helpful in kind person was actually the the organizer of that Agathon. When. I met him and everything like that. He gave me his contact information in and said Hey, we should get together sometime. I'm Cha and he was a professional programmer, running his own business and everything like that, so eventually I stayed in contact with him, and I met up with him, and I told him my journey and what I'm trying to do, super supportive of us all about helping people in my situation, you know like make connections, and even even help them with an internship and everything like that, and that's Kinda weird kicked off actually where it went from me trying to learn to me, actually making connections in potentially those connections leading to jobs. That was huge. Actually so this person that ran out. Pakistan also ran his on meet up. and His name was a little bit more. Mature he had a organized large meet ups and organised like a speakers where he would teach people how to get started with a new technology and all that stuff you know, so. This percent met up with them, and they're willing to like. Hey, you WANNA work on a project with. Wow real project like that's what I need to experience with a project, so I met with him or opt in some of the people that worked with him, and he ended up working with a lot of other guys that or just people in general men and women that were like kind of doing their own thing that a little bit more advanced as As programmers they're building girl websites starting their own software business in lake, a consulting and everything like that. That's where kind of took off. Is that connection? You know I to a upon met some people, and then it led to more people that we're kind of in the same boat as me, and if they are more advanced, they're willing to help me. By struggled with something and everything like that. It was really a douse like typical in me being successful. Yeah that is a great story and Other interviews I've been doing this season. We invite the guests on, and we think they have a really interesting transformation. Story is kind of like who I've been really Trying to get on the show this season and every single person that I've interviewed so far and there's been you know. Handful have all. Had this like really awesome Lake County. Component to their story and men like Kinda. Showing how supportive the tech community is in in various ways, and it sounds like you found that you know through this. Through connections through other connections with more experienced people in the field that helped catapult you forward in the they were able to help support you in various ways and maybe help if you're stuck as you said, build your first project and I think that's really cool I. Think it's really good for beginners to hear that because I know when I first started out in probably you, too. I would imagine it can be really intimidating and feel like very overwhelming, and you can feel really alone, and it's like it's almost. I haven't experienced like trying to break into other industries, but in a lot of ways I feel like even though texts seemed really intense in really hard I mean it is, but there's just such kind and helpful people like a friend, totally random side story, but she's not intact. She was trying to break into. The entertainment like film like Moodley TV shows. and. She had to work at an unpaid internship for like a year in really like claw her way up. She actually does really awesome. producing on really awesome documentaries now but. It was like really hard, very competitive very very. Very like you know and I feel like the tech community is so different from that like it's. People are Super Helpful yeah definitely. I've heard that as well. I'm not sure if it's if it's like the demand in this industry that were like trying to get into maybe people, maybe a logical gotten to it, and they kind of see you know all the hard work that. It takes. I, guess that they want to help other people as well or like coming from something like my background and everything like that. They kind of want to help people as well, but yeah, I noticed that as well as a lot of really helpful people, even before I started going through the ups and everything I joined twitter, and that's when I found like just like a free code cannot co Newbie A. PODCAST are their Hashtag in general dislike just to get help and everything like that, and when I when I reached out that way, just random people that were professionals judgment like hey. I think I'll struggling with. Like centering Adib or CSS, something something kind of silly. You know I needed help with it and some random person was like. Hey, Gimme, your hub Repo albeit with that was like. Wow, some random person that realize but more Santander worked at Microsoft or something like that and are willing to help I didn't even know this person but yeah, definitely noticed that about the industry's is a lot of willing people to help you regardless. Of Your background and everything like that. Yeah another guest I. Literally just had on the podcast said that she had so many breakthroughs. A CAITLIN for people listening to the show and in episode Caitlin. She was talking about how she had so many breakthroughs on twitter asking for help in people that she didn't even know. Offering to help her in various capacities, I feel like twitter is such a good. Well, it's funny. Because social media like every platform kind of has its own. Little like corner or whatever it could be really good for certain things and I feel like asking for help. Like in that way. Twitter is awesome because people will jump in people. It's almost like a forum, but it's not, but people are very like. Communicate unlike you know instagram or something, which is mostly about the photos and it's. It's not the same kind of. Environment just different. Anyway, it's it's interesting. Yeah so switching gears a tiny bit I would like to hear about how the new ended up getting your first full-time real position. Yeah absolutely. So it was when our meet up grew so when I met this person a friend. His name is nate a probably. Give him recognition there because east been so huge in my in my career as a friend and generally slow parental today we kind of joined are meet ups and we grew into this big. Meet Up. And it was like three hundred people. We grew to over three hundred people, and then we. He had connections with someone that was really involved in trying to grow the tech scene in the Central Valley of California. Washable, probably think though in California. It's like tech everywhere. Tech is huge, but that's really isolated towards like Silicon Valley Bay area, and when you go to the outskirts where I live, it's like farms and orchards in just really like farmland in. The outskirts of all the techie over the hill and there's all the big central. Silicon Valley everything like that, but out here it's it's completely different. There's still a lot of factories out here and everything like that, so tech isn't the big thing out here, so he was trying to person. He tried to basically bring tech out this way like hey companies. There's a talent out here as well so he was a part of that big that this big movement. That's still going on today so anyways. We ended up getting a space with his help, and he supported he. He got funding for it and we moved our meet up there. And, we were able to go reach out to the computer. Science professors ask some of the community colleges. They are able to come out. We reached out to people that talk computer science in the high schools I reach people on facebook I went out trying to like introduce myself to all these people, so we can grow all his these groups that are people better in software or coating to hey, come to this, Mita because we can all grow with the tech in the valley, so we had this large event whereas kicking off are merging of our beat ups, and we had I think. Over one hundred fifty people like almost two hundred people from professors in computer science to high school teachers in computer science to people, learning and everything like that so I went up there and I was speaking in front of it, and I was basically motivating other people that were in my position like hey. You guys? Should really you know? I was trying to leaning towards free code camp like if you guys want to learn to cope because those people that were like thinking about it, you know not really that much into it, so I kind of wanted to focus on those people because that's where they had the experience of coming from so was like. Hey, you know it's not that hard to get into it. There's some really really great resources that are free. That doesn't cost anything you know. MEET UPS like this a lot of great connections here and people willing to help you. If you're struggling every twenty five solves talking. They're all that and at that. Meet up was a few other. That worked at companies nearby when Consulting Agency the the banks have some of their software people out in the Central Valley as well and a couple of of the people that were there were friends with my friend, nate, a one that have basically helped me out and everything that always connections. He introduced me to one of guys there and he said Hey his company's hiring. I want you. I want to introduce you to Michael and this is after all is kind of getting already getting. Getting experience with building some projects and everything and my friend was like. Yeah, he knows what he's doing now. He he's employable. He's definitely has experience with building front, and back and software and everything so introduced me to a friend of his name of Josh and he worked for a company that basically did consulting for like probations, law enforcement software. They did software for E N NJ Gallo, a lot of big companies, so they're really established there around for like twenty years so I met with him. And then he was like where we're actually looking for someone. More junior developer is like Amir number. We eventually had coffee. Just Kinda. Talk and everything like that and we just hit it off. We kind of our personalities. Kind of you know He. We liked hanging out and everything like that, so that kind of started like a friendship, you know. We talked for about a year and. And you'd help you with stuff like that and I was like. Hey, and he's like our company is kind of in the middle of Lake, you know hiring, but they kinda. Put a freeze on that everything like that, so after about a year when I. When I met him, he finally called me up one day, and the funny story is that I was getting to a point. In in learning how to Code and currently working where I was almost ready to give up, because it felt like I was putting effort and then. I wasn't getting any any reward from like. If I was applying everywhere and I wouldn't get any kind of response to resume. I reached out to people to help with resume all these things. Did I did a lot? Maybe not everything that could have just because I didn't know, but I felt like I was getting any hits on my resume or If I. DID GET A call. It was like you know I didn't know how to do some kind of algorithm that I didn't learn or memorize or whatever it was, so I was getting really discouraged, almost going to be like. Maybe I do need to go to school at unity at degree. Maybe I need to just join a boot camp or or joint something that is going to make me be more appealing to employers so I was looking. and. Just kind of getting really discouraged at that time. But the funny thing is that I got a call for my friend Josh and he goes. Hey, we have this contract coming up. We need to hire a developer and I've been talking to my boss about you and we'd like to bring you on. He's like. Of course we'll interview you and everything like that and he's like. Are you interested in? He's like. Like I'm almost one hundred percent, sure they've we bring you on because you know like I know you and I know your work, and I can help you and everything like that and I was like. Are you kidding me? And when he told me that I was thrilled, I was actually really scared. Same time this is reality is like real software coding. In, part of me was going to say no like I do this. This is too much like the difference between working on side projects that you know like whatever no one's really going to care about versus working on software that people use so I. I got really scared. I even once. My wife and I was like I. Don't know if I can do this like I'm GonNa. Quit my job and I go do this and then I fail. I can't go back to that job. I can't do that, you know. This is a big decision. You know I've been here for nine years or whatever it was. So ultimately, my my wife convinced me and was like you need to do this. People don't get good things unless they take some kind of risk. Regardless, you should try you know. So I call it my friend. I told him I concerns and Josh was like you know you're just trying to scare yourself out of. It Dude so just take it from me. I'm going to be there to help you, so don't worry us to take this. Just, take it you know and I was like. Okay, let's set up the interview and everything like that and goes all right, so set the interview and. They hired me. And that was basically it I started there with no professional experience. It was all because of someone was willing to help me know again back to that. You know this industry is always really helpful people that are willing to take a chance on you and help me help you and everything, and and and of course there's a lot of challenges you know working in in actually writing real software and everything like that, but in the long run it really helped me in was just huge into getting my job, and then after that first job. Of course, my resume after that just everyone always cared to look at it. You know I I didn't have nearly as. Much difficulty looking for next role after that I think it's like once you get your first job regardless of its junior level, or whatever in in this industry it kind of goes downhill OCTA that you actually get considered. You know you'll get your resume looked at. You'll get that first interview and everything like that. Yeah Wow, so. How long did you work there at the first job? And then what what kind? You don't have to get like super detailed, but like what kind of work redoing essentially. There year, so I started off working on a back end actually of in node framework, or on the no runtime. Basically, the contract was migrating some. It's funny because I went from like barely learning it in writing mostly front end to writing some back in code and the PRI, the contract was basically taking some old enterprise services that were written in Java and then rewriting them on no gs lambda, so that that was what I was doing for like the first four months and after that contract and they moved on to another. Another project and it was more full stack. It was job script. It was using angular on the front end no on the back end and some sequel server, but I got the rightful stack of front end back in using Java javascript note and everything like that. It was really fun. 'cause I got to work on two different big projects there and I learned so much. That's where my whole stack experience kind of took off I got I got to learn so much and the people that I worked with worse huge. It was just I can't even express how thankful I am to people that I work with there and I still am friends with them. That helped me explained things a broke things down. And having been able to understand these other languages. Yeah Wow and I know you recently got a laid off due to cove in nineteen. was that from this same employer or was this another job you had gotten after leaving that company? Another story so I was there at that company for about a year, and then towards the end my wife and I found out. We're GONNA. Have Child and so I needed to. That company was great for it was actually a bump in salary than I currently made up. My Company the light, Bulb Company, but it's I still needed to. I needed to progress I needed to move on and grow my career, and financially so I started to look I started. You know I even asked my boss at the time. I was like Hey I have a child, the ways or any chance that I can move up or anything like that, and you give me feedback, and it was like yeah, definitely, in whatever amount of time so I took that and say okay, that's CREPE. should start looking in see by even get my resume considered now that experience so I started to look, and then I got hired at a start up in the bay area and Silicon Valley. And I was there for almost a year way so i. don't want I. Don't want to interrupt you, but was at working remotely or you move there. I actually had hybrid role, so I would go into the office like an hour and a half commute two days a week. And then worked from home the other days, but yeah, it was a there. I got a taste of the whole silicon valley. Feel of how software companies ran, and my skills went up even higher because of that environment, but yeah, so I was there for about a year and It was a startup that wasn't able to get another round of funding, so actually we all. They started laying people off. fortunately they didn't lay the soccer team like right away, but since we found that out, we started to look all the engineers that worked at that company, or like Oh they're not getting. Funding is a good chance. They're gonNA lay people off, so we all started looking and I got hired at the Credit Union and I. was there for about a year? or about a year exactly actually, and due to the pandemic and everything like that they started to kind of restructure, reorganize everything and effected a lot of teams, including my own team and We're a part of that layoffs will. But yeah, it was. It was kind of something that I. Could. Imagine obviously has affected a lot of people everywhere, and it feels like it's just one of those times. That no-one can have planned for, but yeah. I've been a part of that have been affected by that as well. Yes, so justice like for myself in the listeners, so you basically had three different jobs like intech at this point in each for about a year. Give or take, so you essentially now have like three years of like fulltime software engineering experience. And the most recent position that you've got furloughed related offer a Is that a credit union? And what were you doing there so? It's interesting. 'cause you've such like different experience like from like like a consulting firm to a tech startup to credit union like I imagined that the experiences at each one were quite different like the environment of in the way people work in south. Absolutely so. Go working at a credit union, it's a pretty large credit union and the way things are done there as opposed to the other companies that I worked at. Worse it significantly different so look the startup that I worked at. They were pretty large. Start up there actually around for ten years they had employed over three hundred people. The engineering team was fifty engineers people and. They operated like they were a big tech company and everything like that, so but at the same time I had the experience of being able to shift. To project same time like there's times when I was working on a mobile APP and one for one sprint I'd be working on a whole two weeks on a mobile APP, and then I'd be pivoted to work on their web APP, clients. Front end code, and then after that I'd be working on some hardware code completely different working on a proprietary algorithm that needs to be converted in red on a mobile APP. It was different stuff all the time, and it was really exciting, but also really nerve wracking because of the context, switching a lot and learning new languages at the same time. So that was I learned a lot by lot of the fast paced stuff at that start up, and then when I got to the Credit Union. There was a little bit more relaxed because those only one product that I worked on essentially. Korb, inking APP and there I had a team of eight engineers that were dedicated for this core banking APP. I got brought on as a senior engineer there, and then that that role kind of pivoted towards a lead developer. I was on that project for about four months. And then my a boss. Promoted to the lead developer of that team so essentially there was a lot different roles because for one it was one project, and it was a mobile APP. I had experience with mobile APP at the other company, but not to this extent, it was just a huge mobile APP. And the primary, the primary objective being handling with people's money was probably a significant factor to the change of of like a importance of the application that part probably. At a lot to the stress when I worked knowing that you're working on something that deals with people's money and five hundred thousand active members so that was a big learning experience. And I do. I learned a lot of new stuff learned new languages learned how to do a lot of things that you wouldn't typically do web development, but yeah, it was a lot of differences in structure, probably a lot of different departments that you have to work with before you can get approval in changing something like maybe typically and. Change some piece of code that would maybe look slightly different, because it just makes more sense while at the Credit Union. It wasn't that simple. You had to get a lot of approvals and a lot of test. Writing to make sure lingers securer in a rented to different avenues. You know which was different. Yeah, that yeah makes dealing with financial information. You know sensitive data, and all that would be quite different. I imagined so now that your you by the time episode airs, you could already be in a new job, but. Being active in your job search now. What kind of company aiming to work out? What do you want to stay in like? The financial industry are trying to go back to a startup or maybe a consulting firm that you get to work all these different projects. Yeah, what were you? What did you like the most I guess? Let's see. Probably a ideally would wouldn't stay in the financial industry just because. All the little differences in how delayed development can be due to all those hoops. You have to jump through, but probably most fun I had was. Working in consulting agency. Because working so many different things. Different projects everything like that, but a lot of them had their own pros and cons. You know in terms of like. What I would prefer probably something that is more established due to. More stability just because of everything. That's going on right now. I've heard a lot of people have lost their jobs regardless of the industry even in software I would probably prefer stability. If I could choose regardless of the industry but Yeah. It's probably it's probably more geared towards that. You know what I can find that it is more stable and everything like that. I do have a few other avenues in alert. You know companies that I'm going through right now so I am confident that something will end soon. That's probably the good part is that they're still a high demand for software engineers and everything like that, so there's a lot of good a good places that are hiring right now and everything like that. But. They do specific Yeah Yeah Gotcha so I'm. Kind of jumping around here, but I really wanted to ask this question, and it goes back to your glassblowing experience. I was wondering if there was anything from that or your position before a Jumba juice that you. Were able to transfer or in some way to you in your job, your new job as a software developer. Probably the thing that. I don't know if it helped me, but there's a few different things probably so working probably in an environment that required me to have a lot of perseverance, probably aided to my benefit, and in general and just work ethic. It helps me To be able to deal with probably stresses and deadlines Challenges in my current role because I dealt with that a lot on any. Of can can relate to that. Is You know working in a place like that or just any kind of work that requires them to give a little bit extra is required, just laken. Succeed or do well their job. It probably just helps helped with those areas in work ethic to work hard enduro ally and everything like that but also know what I want going forward, and what I don't want in a career or or next role. Also of a big part of that. Working at that company helped me in was. Probably having difficult conversations with my employer I had a lot of those at that company and it prepared me to be able to deal with those difficult situations. A lot better at all night, other roles a and what I mean, my difficult situations, probably dealing with difficult people another one being having a conversation with your superiors about compensation You know asking for what you feel like. You deserve and everything like that I've had a lot of those, and they didn't go so well at that company that I feel really confident and know how to approach those types of people or Whenever those conversations need to happen, you know. It can be difficult for a lot of people, but I think have so much experience with it that it's. It's kind of more fluid and how to do in the right way. It's aided a lot in that in in my career going forward. Yeah that makes sense and like. I, I can only imagine like the stressors you deal with being in an environment with the glassblowing like Super Hot. You said you were sent home from heat exhaustion, the stress like literally the physical danger bringing yourself. It's like working from home as a software engineer or star office in Silicon. Valley is like the stress level would be so much less like the. They compare Cinderella the stressors you're dealing with compared to maybe like the ones at the other place. Yeah, like whole other scar accord whole other thing, right? We are like running at time and there's one last question I want to ask before we wrap this out and it's just if you could share any like final advice to people listening right now. Who are just starting out? Maybe they were where you were like. You know four or five years ago. Whenever whenever you got your start. What advice would you give them? All. Let's see so I. Think for one perseverence when things feel like it's difficult, it may be difficult at first, but the more and more you do it in the more and more you practice. You'll eventually understand it some complicated things that I. That I could not have imagined when I first started of doing I'm able to thoroughly explain. They seem like almost simple. Now I think the more and more you do it. The the more natural feel, and it'll be really simple. Just just keep on doing it and things easier. also in your journey and learning. It's really important to try to reach out to people to make connections go to meet UPS ask questions. Because those are going to be the areas where where you're gonNA find a connection that can help you find that career and ultimately successful in in this career field. But those are probably the two biggest ones is. Now I know it's hard at first, but it gets easier, and it gets fun on the challenges they start to face. Get really exciting, and it's really rewarding. Ultimately you know all hard work will pay off as long as you just keep to it. And it will pay off so yeah, awesome, great advice in a great way to end this interview. Thank you so much again for coming on. Where can people find you online? Yeah absolutely. Probably a mitre twitter, a twitter handle is mit p. j are eight eight. Or my website is just a my name, my first name Michael or implemental. Dial my personal, Mitchell my last name.

Twitter California Michael Story Credit Union Josh Camp Facebook Central Valley Software Engineer Silicon Valley Mita Starbucks Hostile Work Environment Mounsey Google Pakistan End Product
Shortage of coins in circulation causes concerns for small businesses and consumers

Newsradio 950 WWJ 24 Hour News

00:49 sec | 6 months ago

Shortage of coins in circulation causes concerns for small businesses and consumers

"Something new to add to that list of items in short supply During this pandemic. I would attribute the coin shortage Tio people not taking their coin and right now to banks and credit union to exchange it for bills that is. Beth will get Chief Financial Officer, a cornerstone community Financial Credit union and the nationwide coin shortage announced by the Federal Reserve last month. And while they say it's temporary It is affecting local business owners. We made a business decision that would you start rounding down because we went out of pennies. So the consumer the customers of the Green House, get a better deal and you know it cost a couple of dollars. No big deal, But now we started running out of quarters. That's a huge problem because the business owner, I can't start giving quarters away because I will go stand business That is Jerry Millan, owner of the greenhouse of Walled Lake, and he says If you have changed to turn in, he'll take it with no surcharge.

Business Owner Jerry Millan Financial Credit Union Chief Financial Officer Walled Lake Federal Reserve Green House Beth
Shortage of coins in circulation causes concerns for small businesses and consumers

Newsradio 950 WWJ 24 Hour News

00:45 sec | 6 months ago

Shortage of coins in circulation causes concerns for small businesses and consumers

"New to add to the list of items in short supply during this pandemic, WW Jay's Brooke Allen explains. I would attribute the coin shortage Tio people not taking their point and right now to banks and credit unions to exchange it for bills that is, Beth will get chief financial officer Corner, so community Financial Credit union and the nationwide coin shortage announced by the Federal Reserve last month. And while they say it's temporary, it is affecting local business owners. We made a business decision that would you start rounding down because we ran out of pennies. So the consumer the customers of the Green House, get a better deal and you know it cost a couple of dollars. No big deal, but now we started running out of quarters. That's a huge problem because the business owner I can't start giving quarters away because I will be staying business

Financial Credit Union Chief Financial Officer Business Owner Ww Jay Brooke Allen Federal Reserve Green House Beth
Netflix to Invest $100 Million in Black Community's Financial Institutions

KCBS Radio Midday News

03:44 min | 7 months ago

Netflix to Invest $100 Million in Black Community's Financial Institutions

"Joined today by Bloomberg Entertainment reporter Lucas Shaw and Lucas Netflix is pledging $100 million to help black communities in the United States. Where is this money going to go? Do we know It's going to go to financial institutions that in some way lent money to or support black communities. A lot of institutions will be black owned or Or black lead, you know, One of the 1st 1 is Hope Credit union whose CEO Blackman and Bill Bynum, another $25 million is going to the Black Economic Development Initiative, which is a new fund that's gonna invest in black of financial institutions. But the big goal here is to try to take out of some of their cash and give it to institutions that can help facilitate investment in black communities and that the initiative was inspired. In large part by theory of research on the racial wealth gap on how much less capital a lot of black Americans have access to than the average white Americans. For example, besides the benefit of the direct access to money that these communities will now have What does it say that a big companies like Netflix is doing something like this? You know it send the real signal to a lot of the other big companies in the U. S. And around the world. This is the second pretty significant action that that Netflix our CEO Reed Hastings has taken Reid Hastings. Donated $120 million of his own fortune, historically black colleges and universities and I think that was really hoping that this particular commitment will inspire other companies to do the same because Netflix compared to some of the other big tech company has a relatively small amount. Of cash on hand. It's got about $5 million right now. That sounds really big. But then when you think about the fact that companies like Apple have hundreds of billions of dollars in cash, and they're bound sheet if they committed Tio investing some of that money or shifting some of that money Into some of these other financial institutions. That could really be a huge benefit the black communities across the US well, and then that makes me wonder how much weight does Reed Hastings carry in the tech community? I mean, the fact that he's done this Is this likely to inspire others? He carries a lot of weight. I have to say, you know, he is somebody who is very well respected by his peers. He was one of the co founders of Netflix. Prior to that, he found it a couple of other tech companies. He used to sit on the boards of both Facebook and like a softy with the biggest tech companies in the world, and he is really somebody So I think it's seen as one of the leaders in that community that being said he is a little bit of a lone wolf. He kind of he does keep to himself to a certain extent. On doesn't put himself out there in the same way that that may be a mark Tucker Berg does he sit. He has very specific causes that he focuses on me spent a lot of his adult life. Investing money and education, which is why his personal investment in the HBC use without a shock. But you've seen him come out pretty strongly following the death of George Floyd and kind of position Netflix as as a leader trying to invest in black communities, and if if that's going to be a place that he puts his time on energy and money, I think he'll probably push a lot of his peers to do the same. Lucas. Not a lot of time left. But is he doing any work at home if you will, because Netflix doesn't have any black executives. Yeah, it's the 3rd 92 at Netflix really does have to improve its own diversity, especially senior leadership position. None of it really is a black. It has one black board member. But that is something that executives the company acknowledge. Must be worked on in the years ahead. Lucas.

Lucas Netflix Black Economic Development Ini Netflix Lucas CEO United States Lucas Shaw Tucker Berg Reed Hastings Bloomberg Entertainment Hope Credit Union George Floyd Apple Reporter Bill Bynum Blackman Facebook Reid Hastings
Los Angeles Police Officer 'Finds Tampon' Inside His Starbucks Coffee, Probe Launched

Memphis Morning News

00:27 sec | 7 months ago

Los Angeles Police Officer 'Finds Tampon' Inside His Starbucks Coffee, Probe Launched

"Angeles and off duty L A P D cops paid for his Starbucks Frappuccino. With his credit union debit card that alerted the staff. To his profession. When he was halfway through his drink. The officer reportedly reached in and pulled out a soggy tampon. And investigations underway. Anybody found responsible for putting the feminine hygiene product in his Frappuccino will be charged with felony food tampering.

Starbucks Angeles Officer
The power of the Black Lives Matter movement

On the Media

09:50 min | 7 months ago

The power of the Black Lives Matter movement

"We in wave one wave to if there is a low dose that mark an end because we're gathering of strength these questions we ask about corona virus but what if we understood social movement moments in the same way the death of George Floyd and the uprisings that followed can seem like the birth of a new social movement and the new host of possibilities disbanding at the funding police departments commemorating Juneteenth ads addressing the on going silent apart taped the systemic racism woven through the society and everything from voting rights to healthcare urban planning it seems as sudden as a lightning strike Alan Kwabena Frimpong is an activist and consultant with ad astra collective which provides tools to build social movements he says the explosion was ignited by what his group calls a trigger event or several of them the killing of George Floyd the pandemic the previous extrajudicial killings of black people these events where we can no longer be complicit with the conditions of the status quo that way in and then once the triggering event unleashes this long accumulating rage comes the heroic phase everybody's on the streets anything seems possible which leads you say to a honeymoon right people believe anything is possible that we've been dreaming of that we would like to see in our world a future without police without jails and prisons now that not only seems possible it's becoming possible so we thought that with the disbandment of the Minneapolis police department but the vote that was taken by the city council and so if in this space that possibility can live and then history tells us the honeymoon inevitably ends leading to disillusionment contraction you call it the women's March and occupier quintessential examples and likewise the first wave of black lives matter what's happening with the disillusionment sets in any time during this period we think we've failed that when the cameras turn off when there's not as much attention to the issues and mass media or even in social media we think that the movement activity has somehow ended but it hasn't it's that what is required of us as shifted or it gets to share in this phase of the cycle and it's a time to build strategy and to build organization to find unity around the issues and to figure out the infrastructure needed to be able to create the visions of the world that we actually want to live in an analogy might be that you light the grill the flames jump out of the cattle so big you could get singed but then fifteen minutes later you come back and all you see is a heap of calls but underneath it is smoldering the cycle does seem to reflect at least American history going back to the Boston tea party these kind of waves that we've seen this country has dealt with since its inception when you invoke the Boston tea party that history a card with the backdrop of slavery and the removal of indigenous folks we have to understand our ways of rebellion and Ryan I'm here in Jersey New Jersey eighteen eighty four of you have black people riding here in Newark because of the erection of what was then the school system and how black people were being locked out of participation there are the strength of events in our history that lead to these moments so let's call this the the second wave of black lives matter does the same pattern still hold I mean if this is the second honeymoon should we expect marital reality to kick and with a second loss of energy why wouldn't we we still live in a culture that upholds capitalism mmhm and that holds white supremacy the fact that we have people still talking about the reform of a police state I think it's indicative of that what feels different indicates the value of corporations who want to put out statements saying black lives matter so yeah we're and if you want to call it a second wave of black lives matter but the reality is that as we've talked about before the construction phase we really will have to ask the deep question what will be required of aspen organizer activist members of our communities to ship the material conditions are you in the process of trying to manage expectations show how the cycle works and say we're not gonna leave the news for much longer be prepared to build networks and continue to organize continue to lobby what we will need to deal with in this contraction phase is what are going to beat the alternative institutions that people can look to that people can trust and that people can believe in that show that the path to the new normal that we deserve and to me what that looks like is worker owned cooperatives credit unions to me the control of our public safety health care for all public education accessible to all those things would need to change if we're asking for the abolishment of police because what it requires of us then is to change our relationships with each other and build community with each other and that's what we're going to need to prepare for as this contraction phase comes to life and the question becomes what we choose to do that work we choose to build with people in our neighborhoods we choose to depend on them and create modalities for our safety reeking of other institutions the show is called on the media and I want to ask you about us and I'm gonna go back to occupy to do it when the protesters vanished from the public parks and went home sometimes chased away by police we in the media seized on that extra this is a sign of the movement's failure because its goals were too quixotic it's politics too fragmented and so what is the contraction phase of the cycle reflected by or influenced by the media characterizations when people are not in the streets anymore and there there is in this huge spectacle what is there left to cover America is so infatuated with the spectacle of its own violence and the trauma that ensues from may the disillusionment in the contraction of the cycle I think is a representation of what we tend to be stuck in in terms of our own habits we enjoyed the trauma of the story of the victim the perpetrator and the savior and the way we tell our views as from that have been jewel norm if so what would it look like to shift away from that and perhaps tell news that connects the dots then tells a much more nuanced and complex story that the viewers or listeners deserve to hear where people can actually show authentic stories about what is going on from a place that is moving for people that shift something for them that doesn't truncate in flag in their lives and to just these one dimensional identities there's a lot of what media frames and that then leads to some of the assumptions that get made about whatever happened to the much as whatever happens to the people organizing the rally is people are still doing that work but it may look different we in the media have focused on the tip of the iceberg the protests of the violence the repercussions but you have been talking of what's going on beneath the networks of people building power over time the organization what do you think we can do to tell the story of protest better folks in the media need to ask themselves why do we feel compelled to tell these stories in these ways what do we believe about our audience about what they're ready to hear and what they're ready to listen to we can then have a conversation about whether the human stories that need to be shared that connect the dots people think that somehow Minneapolis was just able to do this overnight but they have been in a protracted struggle for years to get to this point if media where to tell the stories of what it took to get there that would be a different kind of conversation that has different kinds of implications and the time that it would take to tell those stories with me the focus of the story is not just around making a profit but we would actually have to honor people's time contributions much differently than the ways that we do right now are they willing to shift as an industry to live into the kind of lives that these movements are demanding in the clearing for

Changes to Relief Program Trip Up Small Businesses Seeking Loans

Morning Edition

03:47 min | 9 months ago

Changes to Relief Program Trip Up Small Businesses Seeking Loans

"There's a big question looming over the paycheck protection program that the federal government set up that aid money is not reaching business owners of color why not and here's Danielle Kurtzleben looked into it the first time Rosemary Bolger applied for the small business relief loans it didn't go well she needed a loan for naco creative her small Minneapolis based company which has created ad campaigns for brands like the NCAA final four so she went to her credit union they were hard to reach but eventually I got through to someone and they emailed me back saying the current process for them because they don't process SBA loan I wasn't aware of that then after trying and failing it to other banks she managed to find one that was accepting applications for new customers and she quickly applied but then next week I got an email from them saying you know the money is running out and then now it's just going to prioritize their clients that had borrowed before the budget has applied there again during the second round of funding but hasn't heard back yet but she could use the money and fast her team is currently working through the pandemic without pay we will have a healthy pipeline coming into this year as soon as this came down everything went on hold and then disappear lawmakers set aside thirty billion dollars for smaller lenders with an aim of helping business owners of color like Bhoja but a new report from the small business administration's inspector general found that minority owned businesses may not have received loans as intended because the agency didn't tell lenders to prioritize those borrowers the carers act ten rules specifically laying this out the report also recommended that the agency collects demographic information going forward an additional problem for these owners is that they are more likely to be sole proprietors in other words their businesses are owned by one person according to Ashley Harrington senior policy counsel at the center for responsible lending what we're talking about getting rid of color most of them are very small businesses so their sole proprietorship or they have less than ten employees who are likely to be a sole proprietorship than any of the other small businesses the budget has six people on her team and they're all contractors making her business one of those one person's sole proprietorships some of those were only allowed to apply for PPP funds one week after other businesses that put them in the back of the line to get the money which ran out quickly during the first round in addition relationships with banks matter according to Michael Roth he's managing partner at next street which works with local governments on small business policy black and Hispanic owned businesses because of their lack of access to capital and banks and financial institutions and friends and family are far more likely to use personal funds to finance their businesses and generally that's run out of you know personal checking accounts that could be a problem for some businesses in the program because some banks would only loan to people with business accounts so owners without those were shut out boy just says that if she doesn't get the funding it won't take her business down completely but it could make life harder the main thing that we're on the verge of losing in their office space but yeah we will go out of business but it's it's already hurt the contractors who rely on her for income one of my team members and taken a job with Amazon for example but but we're still pushing to get business in for now she says they're working on a new project to make sure health information about corona virus can reach poor and immigrant communities as well as communities of color Danielle Kurtzleben NPR

Minority-Owned Small Businesses Were Supposed To Get Priority. They May Not Have

NPR's Business Story of the Day

03:45 min | 9 months ago

Minority-Owned Small Businesses Were Supposed To Get Priority. They May Not Have

"There's a big question looming over the paycheck protection program. The Gut the federal government set up that aid. Money is not reaching business owners of color Wi- NPR's Daniel Kurtzer looked into it. The first time Rosemary Borja applied for the small business relief loans. It didn't go well. She needed a loan for Neko Creative Minneapolis based which has created ad campaigns for brands like the NCAA final four. So she went to her. Credit Union should reach. But eventually I got through to someone and they emailed me back saying they can't process them because they don't process. Sba Loan I wasn't aware of that. Then after trying and failing it to other banks she managed to find one that was accepting applications from new customers and she quickly applied but the next week. I I got an email from them saying you know. The money's running out and then now just going to prioritize their clients that had boroughs before the Bulla has applied there again during the second round of funding but hasn't heard back yet but she could use the money and fast. Her team is currently working through the pandemic without pay we have a healthy pipeline coming into this year. As soon as this came Dow- everything went on hold and then disappear. Lawmakers set aside thirty billion dollars for smaller lenders with an aim of helping business owners of color like Boba but a new report from the small business. Administration's Inspector General found that minority owned businesses may not have received loans as intended because the agency didn't tell lenders to prioritize those borrowers. The cares act had rules specifically laying this out the report also recommended that the agency collects demographic information going forward. An additional problem for these owners is that they are more likely to be sole proprietors in other words. Their businesses are owned by one person. According to Ashleigh Harrington Senior Policy Counsel at the Center for responsible lending we're talking about businesses of color. Most of them are very small businesses so their sole proprietorship or they have left teams. Leave in fact more likely to be a sole proprietorship in any of the other. Small businesses budget has six people on her team. And they're all contractors making her business one of one person sole proprietorships. Some of those were only allowed to apply for P. P. Funds one week after other businesses that put them in the back of the line to get the money which ran out quickly during the first round in addition relationships with banks matter according to Michael Roth. He's managing partner at next street which works with local governments on small business policy. Black and Hispanic owned businesses because of their lack of access to capital from banks and financial institutions and friends and family are far more likely to use personal funds to finance their businesses. And generally. That's run out of you know personal checking accounts that could be a problem for some businesses in the program because some banks would only loan to people with business accounts so owners without those. Were shut out. The boy says that if she doesn't get the funding it won't take her business down completely but it could make life harder. The main thing that we're on the verge of losing is our office space. Yeah we won't go out of business but it's already hurt the contractors who rely on her for income one of my team members and taken a job with Amazon for example but but with still pushing to get business in for now. She says they're working on a new project to make sure health information about corona virus can reach poor and immigrant communities as well as communities of Color

Rosemary Borja Managing Partner Daniel Kurtzer WI Ashleigh Harrington SBA Credit Union Ncaa DOW Senior Policy Counsel Amazon P. P. Funds
"credit union" Discussed on News Radio 920 AM

News Radio 920 AM

02:15 min | 9 months ago

"credit union" Discussed on News Radio 920 AM

"To the credit union with welcome back to our program we have with us now Anthony Hernandez Anthony is the president and CEO of the defense credit union council in Washington DC Anthony welcome back to credit union round table thanks Walter to pleasure to be here Hey listen Anthony before we talk a little bit about military saves month which is kind of observed during the month of April let's start first about reminding everyone that's listening what is the role of the defense credit union council in Washington DC thanks Walt we good existence since nineteen sixty three where the U. S. single focal point for us credit unions are located on every major installations around the world yeah we advocate for our members on Capitol Hill inside the Pentagon issues that that pertain to credit unions and how they operate you know I like our motto at serving those who serve our country because of numbers that we're focused on our members of our military veterans and their families and that's ultimately up you know well we sent a lot of our policies and advocacy and so that's the purpose of the defense credit union council and obviously during the month of April vericel a whole kind of special observance that's put together called military saves month tell us a little bit about what that is and what its objective is Terry sales month is a new used to be a week to leave expanded it to a month now because just to take care of lots of different activities comic different schedules the idea is to encourage people to save young week we call military saves week because we focus on on our military members and eventually you pop this is to educate members of their families on the importance of savings why you would need to do that yeah we always take pledges that people will pledge to commit to save each year and that pledges you know definitive statement that they make at the outset and there's a bunch of different activities that are on that are that.

Anthony Hernandez Anthony president and CEO Walter Walt Washington Pentagon
"credit union" Discussed on News Radio 920 AM

News Radio 920 AM

06:22 min | 9 months ago

"credit union" Discussed on News Radio 920 AM

"Alison Hughes community engagement officer John dark credit union now let's go to Athol credit union in Athol Massachusetts to hear its CEO Courtney fi field share story of how his credit union began to make face masks which were then donated to the local hospital it is start a sitting at home I think is a Sunday morning and you are seeking for my generation forty one this is this is the biggest event that's ever happened and I was thinking back to all the contributions here maybe our grandparents had made an end their their way of life and I thought you know what can we do in the meanwhile we were in the process of kind of slowing operations closing down and the the the branches operating just through the power lines and I think and we have let me of manpower and it is normally interacting with people one on one I said how do we we come for some of their efforts and I was thinking of just one person particular name sherry and she's very crafty and you go into her office and she's just got all this in hand made stuff in there and I thought you know I mean I messaged her and see if he thinks we could make the mask the just seemed like a very rosy the riveter type of thing for us to do so I texted her and is this Saturday at Sunday afternoon and she said you know I'm already thinking about it I was going to do it from home and she's like I'm looking at the mass type so I said well here's a couple resources so when I when I watch the web blog every day that's put on by that that he would health care system and they had mentioned that they had posted a designs for people making these masks at home so I forwarded her the information in the I think in the back of my mind one thing is driving what we could do this is because we had cases of these groceries reusable grocery bags in it came to my attention that they're actually made out of a non woven polypropylene which is a great material suited for creating masks and masquerades just because it might be a mix of how they don't absorb water and they're they're good for that not transmitting papers senator good material for that so I was thinking that we would do with those types of masks with the material we had on hand and we could repurpose in sherry was more comfortable working with material she knew and we had she had a whole stockpile of stuff you've been saving for a day like this retirement and I had I went out and bought some some materials myself it I donated and then we the credit union actually picked up a few so when the seasons and we were anticipating having more staff do them but then we found out that it's a pretty complicated so pattern and so she had said you would be best if she did the sewing so we had people helping out any way they could kind fabric war you know turning the material yeah we saw it in one position and spend it and so that the final stitches so we're kind of working with a few people here and there helping her so basically like if you know through the credit union and roughly how many masks were you able to produce so operating out of the planned she we produce about two hundred G. in the end the materials that we have donated will produce nine hundred masks two thirty and then since that started we've been able to restore some of the material so hopefully that will be coming in in the next week or so and they're gonna be able to continue on thank you Courtney for sharing your story and pitching in to make a big difference in your community from Athol Massachusetts let's go east to the city of revere and hear how John Kingston manager at revere municipal employees federal credit union came up with a clever solution to provide banking services to members and do so without having a drive thru teller window basically there's a negative or not too far from where our office is located in the basement of city hall city hall the hundred year old building so it's it's it's a beautiful brick building and it's nice from the street but it's a very old building it doesn't have a lot of combination so to speak and we obviously don't have a drive through because of the municipal building and what I was doing was meeting people at the outside door kind of reach of my through the door and I really didn't find it to be very safe for me all the member they had closed the building so I didn't want to cause anyone a problem I was afraid of the opening and closing the door all the time really wasn't the greatest thing so I stood outside the door and kept looking around and saw I've been in this building for twenty years I've been with him for twenty years I never noticed the potential window so to speak to the right of the door so I grabbed the superintendent of public works and I said do you mind if I clear this area with the window is impossible use it to help people and he said well done through well let me get some custodial help to help you the custodian helped me a lot they moved all the stuff and I reached out to the school department has the maintenance staff and I think could you guys give me again I'm trying to open a calendar to help people so everybody kind of jumped on it they realized that they were hoping the credit union we they're all members and they're all very helpful people and they want to help their fellow coworkers and help everybody get their money well that's wonderful I mean it really sounds like you know like you know that the credit union model is people helping people and here you have a set a scenario where you want to make sure that members still had access to their account into their funds and and be able to serve them but doing so in a safe manner and it sounds like you and you know the staff from maintenance and all everyone came together to make it happen it's been a big help and it's really worked out well and I'm I'm very happy to have it John thank you so much for sharing your story with us on credit union round table thank you I appreciate the time and good luck to everyone to stay safe coming up after the break we'll go to Washington DC to hear how credit unions observe military saves month stay with us you're listening to credit union round table on the better values better banking media.

Athol Massachusetts Alison Hughes officer John dark Athol CEO
"credit union" Discussed on Bank-Fintech Fusion

Bank-Fintech Fusion

03:24 min | 11 months ago

"credit union" Discussed on Bank-Fintech Fusion

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Two's <Speech_Male> who are not with <Speech_Male> whoever leadership <Speech_Male> in executive <Speech_Music_Male> team were a lot <Speech_Music_Male> more open minded <Speech_Music_Male> progressive <Speech_Male> ready for change <Speech_Male> would continue to <Speech_Music_Male> invest into <Speech_Music_Male> Idia and will <Speech_Male> continue to jeep <Speech_Music_Male> the rewards <Speech_Male> as a result <Speech_Music_Male> of those <Speech_Male> missions that being <Speech_Male> in their respective organizations. <Speech_Male> <Speech_Male> The creditors <Speech_Male> were either <Speech_Male> <Speech_Male> <SpeakerChange> slow <Speech_Male> are the half <Speech_Male> genders in <Speech_Male> driving. <Speech_Male> Those transformation initiatives <Speech_Male> would <Speech_Male> have a little tougher <Speech_Male> nine <Speech_Music_Male> in the market base. <Speech_Male> <Advertisement> And slow <Speech_Male> are the half <Speech_Male> genders in <Speech_Male> driving. <Speech_Male> Those transformation initiatives <Speech_Male> would <Speech_Male> have a little tougher <Speech_Male> nine <Speech_Music_Male> in the market base. <Speech_Male> <Advertisement> And I think is where <Speech_Music_Male> the <Speech_Music_Male> the market <Speech_Music_Male> as a whole is going to <Speech_Male> <Advertisement> do it. <Speech_Male> As as <Speech_Male> the relevance <Speech_Male> <Advertisement> for the Credit Union goes <Speech_Male> eight boot King <Speech_Male> that they will continue <Speech_Male> to be <Speech_Male> <Advertisement> they have <Speech_Male> <Advertisement> been a very <Speech_Music_Male> <Advertisement> important <Speech_Music_Male> <Advertisement> part of <Speech_Music_Male> the financial <Speech_Music_Male> head of the <Speech_Music_Male> comedy which exist <Speech_Music_Male> and that <Speech_Male> is something that is <Speech_Male> not really going to change <Speech_Male> so credit unions <Speech_Music_Male> will <Speech_Music_Male> be delivered and <Speech_Music_Male> play a very important <Speech_Music_Male> role in <Speech_Male> the upcoming deals <Speech_Music_Male> when we think about <Speech_Music_Male> the financial <Silence> health of <SpeakerChange> the industry. <Speech_Male> That's great <Speech_Male> navene. Thank you so much. <Speech_Male> I really appreciate <SpeakerChange> you coming <Speech_Male> today. <Speech_Male> That is one more. <Speech_Male> I would like to <Speech_Male> mention his <Speech_Male> head. Yes <Speech_Male> Oh <Speech_Male> we <Speech_Male> we <SpeakerChange> have Romo <Speech_Male> gold. It <Speech_Male> is summit <Speech_Male> as you a <Speech_Male> member. Id Summit <Speech_Male> then <Speech_Male> and it <Speech_Male> will get <Speech_Male> you end bus <Speech_Male> and all that <Speech_Male> destruction <Speech_Male> so if you're listening <Speech_Male> to this past <Speech_Male> and if you're banning <Speech_Male> <Speech_Male> He's <Speech_Male> do so now. <Speech_Male> This <Speech_Male> is very <Speech_Male> End of this <Speech_Male> month February. <Speech_Male> So we should <Speech_Music_Male> <Speech_Music_Male> rightly <Speech_Male> use of this. <Speech_Male> And I'm sure that you <Speech_Male> would have a fantastic <Silence> Into <Speech_Male> some <SpeakerChange> <Speech_Male> thank you so much. <Speech_Male> That's great <Speech_Male> thanks Vivienne. So that <Speech_Male> code was summit. <Speech_Male> Ten <Speech_Male> yes <Speech_Male> Remember <Speech_Male> see lyrics is <Speech_Male> March thirtieth <Speech_Music_Male> April second in Redmond <Speech_Music_Male> Washington <Speech_Music_Male> So we'll <Speech_Music_Male> hope to see you there <Speech_Male> and if you enjoy <Speech_Male> this podcast. <Speech_Male> I hope you'll please subscribe <Speech_Male> wherever you. Listen <Speech_Music_Male> to your favorite <Speech_Male> podcasts. <Speech_Male> Thank you ever run <Speech_Male> to talk to you <SpeakerChange> later? <Speech_Music_Male> Thank you so much. <Music>

Credit Union Trent Redmond Idia executive Romo Vivienne
"credit union" Discussed on Bank-Fintech Fusion

Bank-Fintech Fusion

01:34 min | 11 months ago

"credit union" Discussed on Bank-Fintech Fusion

"Go wide the nations? That was the comedy to the members in a manner Using the journal Eckerstein. That is most important for that. I feel the cold. Relevance part is something that is the key challenge I would say. The the credit unions are trained who overcome are ranked presario. Because that is the key in some ways that future and the industry as a whole right. And what is the focus of this podcast? Of course I mentioned is financial institutions in Fintech companies working together once the key to credit unions working with fintech companies. And does it tie into that challenge you just described. I think so. I think there are whether we look at the companies and renegade. Getting the keys. How should be partnered together so that that is a win? Win Out from the Partnership So of course. It starts with the alignment on the objectives will understand what are the objectives for the Credit Union. And how is Hala Index? Google had them in achieving those objectives. I see that each side has own strengths than they do. The table for example. What's unit of? What could use banged? The table is highly trusted relationship. Deputy have members over the last few decades the have a viable economic model and also important especially for the most publicity credit unions is that they're willing.

Credit Union Fintech Google
"credit union" Discussed on Bank-Fintech Fusion

Bank-Fintech Fusion

04:09 min | 11 months ago

"credit union" Discussed on Bank-Fintech Fusion

"For stack. I was very intrigued by the position and the responsibilities and what they were trying to the essentially hired me as gunmen army that did expect us from ground up and it was real fun day putting together the Vision Strategy and then building the team around it so that we were able go stock delivering value allegedly. At first that's great. And what is the most important thing that you've learned in your career whether in financial services or outside of Financial Services? I think a lot of time. What's the challenge that I see in the organizations and more so with the credit unions is that they want to start or being not sure where to start and that is where defining the vision is because very important and of course when you're grinding vision for the initiative did analytics digital trust any initiative for the d? This is something that you cannot do it. In Beckham you have to align with the leadership team you have understand. What are the challenges? What are the abortion these in their business functions from the point of view and you have to lay the rest of the organization before you start ordering that vision in do do backwards and start. As you could against attrition defining that region is appears to be a single most important roadblock I would say in many organizations where they end combing the people investments investments on other investments into each other without having clear definition of. What is it something that they want Boogie? What does the definition of success? What is dead? Why right is that vision piece? Something that is a major part of the conference. I imagine we'll talk a little more about the conference later so the Vision East is some who ruled done in. Donnelly within the organizations nor conference can really had defined a vision slutty art meditation for all. Your leadership team is at the summit but what it is to believe that you will be allying. You would be at walking with other credit unions. Who have been successful on journey and as you start talking to them it. How did you get to that point? Ready you are of finding value. What were the intermediate of what the failures that led you? Will that owned whether you want able to come and talk about your success at the even? That is where I think you will realize that the visual becomes so in Oregon so it is kind of coming out as part of the networking so that you know that when you're are talking reappears in the industry or when you're talking boo a leader in the industry that what was the process that they used or adopted so that they were able to drive value in that is active. What does it say no question? Yeah it makes sense that makes sense. What's the greatest challenge facing you at? Cu Lyrics right now. I guess another way of putting this might be A. What's the greatest challenge facing credit unions right? Now since you're you're so entwined with the space actually. I think what you're saying is right. It is definitely a a defining woman in many ways for the whole industry and more so for the credit union industry The number of Credit Unions. That we have is shrinking. The number has shrunk almost twenty percent last. Fife yourself at the same time. Some of the most aggressive credit unions continued to be under the ESA and the member share and continue to grow once. He thing that we see is that. How can credit unions continue to be relevant and go wide the nations? That was the comedy to the members in a manner Using the journal Eckerstein. That.

Beckham ESA Fife Donnelly Oregon
"credit union" Discussed on Dentistry Uncensored with Howard Farran

Dentistry Uncensored with Howard Farran

02:57 min | 1 year ago

"credit union" Discussed on Dentistry Uncensored with Howard Farran

"Checking and savings account so even if they improve the business plan we have the money. We're still not legally entity anted there. is until they go April first twenty twenty one you can accept your first deposit. That's the day you'll legally an entity so we had to create a foundation as a holding tank for our assets also as they care to help solicit some donations but it is the legal entity that can sign contracts with technology people hire or staff. Pay The bills on behalf of the Credit Union till we're legally allowed to say that were illegal operating credit union. So the left hand definitely washes the right hand in that scenario scenario and it was a necessity to get that. I'll put the credit union. So how much money are you trying to raise contributions and we would need about five million dollars for a three year. Burn rate all of our projections and we have a handful of consultants assessment alive time within the NCAA in the private markets we should be casual passive around the thirteen months. But the five million would give us about three years worth burn capital as we create economies. The music scale cost do decrease with more mountains at the same time as increasing When we anticipate starting to give everyone a rough idea per member per month when we start should be somewhere between a dollar fifty two dollars Berg each member of hard costs so as we create scale that cost goes down but also increases this young your monthly expenses so the five million dollar number? No matter what happens we feel comfortable that that will be capitalised for three years but we expect a profitability ability within around thirteen months. The the five million though if you look at the industry revenues of one hundred forty billion. You're looking at less than you're looking at less than one. Half of one hundredth of a percent is not a lot of money relative to the industry in revenues. Involved so how far are you on your goal of the five million what we have just started this process of education and seeking seeking partnerships in strategic money raising. So we're not very far along Year hopefully what. We're hoping that you're going to provide a nice big jump start in the education education Even in front able to secure the dollars right away. I think it's important that the community understands the opportunity in front of us if we can build at least a network through through social media following facebook and twitter where we have all kinds of content on credit unions versus banks. What makes you know credit unions different than banks opportunity news articles? It's really that education first and then Soliciting though they the donation secondarily so whenever for a long we just started the process process yet. Truly is a catch twenty two. Because you can't you can't just say You know open your wolf fled. We're GONNA open a credit union and say what are you doing. What do you mean so there? Is this big push.

Credit Union NCAA Berg facebook twitter
"credit union" Discussed on Dentistry Uncensored with Howard Farran

Dentistry Uncensored with Howard Farran

02:56 min | 1 year ago

"credit union" Discussed on Dentistry Uncensored with Howard Farran

"You know you design nine low cost. The only seeks to lower fees or costs like southwest like American Airlines couldn't match southwest of fees because they don't fly direct they fly hub-and-spoke they fly. I several different airplanes. They might have mills all these things so it looks like and Salt Price Club soul price of price club who later it was bought by Geico but he said the same thing he said everything is caused Sam Walton. He wouldn't even have a cell he goes. I'm not going to have a memorial day. CELENA Labor Day sell. That's GonNa cost me money and that's GONNA lower my profits and raise my prices so it looks like you guys have designed a lot of simplistic allegance into into low cost. You hit the nail right on the head. That's what we've been trying to achieve. We have to make this extremely easy to understand easier to to us whether it's lending checking savings we don't Wanna add middleman and middle women to increase the cost to the community. You know when we were doing practice. financing and. You're seeing a broker. Get a one percent commission on a kickback. That Kostas passed onto the dental community. That's an increase point on as call it a million dollar loan one hundred thousand over ten years just to pay the broker a ten thousand dollar commission so we can cut the fat out of the system. Make sure we have the latest and greatest as technology that is compatible. We can control the front end. Basha dramatically decrease the cost across all platforms in the whole the whole model. The Credit Credit Union model allows the industry to do certain things and advocate for the dentist in ways. That aren't being done now. So let me give you an example so so for example most of these banks are gonNA run lending through with the SBA program. They're going to Max out at five million as long as you're five million or below you know you're probably going to get your your loan once you go beyond that. If you want to buy another practice or multiple practice or now you're a smaller mid sized Diaz. Oh you get shut out you end up in the no no lending man zone type thing but also on the other side of that as is private equity so private equity doesn't WanNa touch you either. It goes now. You're not big enough so you're too big for the bank not big enough for private equity all of a sudden the Credit Union Union. We have the way that this industry works. It's a co-op we can lend to those particular mid size and small size. DSO's all day long. So we've just wrapped up that particular market in another way to decrease costs and increase efficiencies at the credit unions. Another name for Co op cooperative. So in the event that our board represented by doctors businesspeople but the board will be made up of doctors practicing doctors if they decided that we wanted to have incur the cost.

Sam Walton Credit Credit Union Credit Union Union Salt Price Club Geico American Airlines Kostas Co op cooperative SBA
"credit union" Discussed on Millennial Money

Millennial Money

05:09 min | 1 year ago

"credit union" Discussed on Millennial Money

"And So I know you've been here for for like thirteen years in risen up the ranks did you. I know a lot about cranking us before you started here. Actually no I'd have to admit that I myself did not know and so we joke and say best kept secret all right and when I was interviewing and I got called for my interview I decided to do some research and I realized wait a minute. I've been banking. Where like how did I not know about a credit union and really? There's this misconception that you have to belong long to some employer group more was going to ask you to open an account right so you have to belong to the teachers or be a teacher in the or administrative or for a faculty To open an account but with West Com. We're unique in the sense that were community based so we serve southern California which means anyone in southern California can open an account so So you don't necessarily have to belong to a specific employer group to be a member of a credit union interesting saying yeah I was GonNa ask you because I always had this idea that yeah I had to be in this. Like specific niche. Or you know somehow or you don't file fi exactly and then you sort of feel like you you got left out of the party Yes so it's good to know and then you know. I'm curious even about like credit unions in general because I know a lot of our listeners. There's kind of all around the. US You know have access to lots of different credit unions. And maybe they they they don't know You know other than like structural wise like water some of the features that credit unions even in general just kind of offer you that are that are different than so. It's all the conveniences and products and services that you would defined elsewhere your credit union most likely rise so whether it's Just really robust online and mobile banking MM-HMM I think another misconception is sometimes oh my credit unions just a small community hood. Credit Unions. Don't offer CHECK DEPA the ability to be able to deposit my check remotely from my phone right. They can't beat that or acknowledge or the other thing is well. There's not a branch sneer me so it's not convenient but One of the Nice things about a credit union. We're we're cooperative in nature and so For example L. ATM You might not be walking into branch that often. But you're certainly using your debit card withdrawing cash from an ATM or example Tampa West Com. You have access to thirty thousand. ATM's nationwide and if you just put that in perspective at a Maybe another national bank their average would be three thousand. ATM's Navy Difference Right and so what it is cooperative credit the unions come together to share their ATM. Networks that as a consumer you just have more convenient access so it's it's certain things like that like whoa it is convenient after after all Yeah I often joke about the like a black hole in your bank account because everybody has like something they spend money on that sort of like the sinkhole all where You know the bottom just kind of goes out and they don't know how much they're actually spending for. Most people is eating out. We don't like to figure out what like how much how much we're spending money but also find like a trend in ATM Fees Because people are like. Why don't really know how to like categorize not on my budget so I just kind of leave out but I mean I've seen people who've had like hundreds of dollars a month just in those silly? ATM fees from around. So I mean when you start talking about thirty thousand. ATM's like I mean that could be like a sizeable absolute four talking about like people having a tough time being able to save money. Like I often say it's all these little little expenses and something like that could be so you know I mean because every time I have to go to ATM. And I don't like for instance. This is really lame to admit but when I get my nails done they don't take You can't do a tip unless it's cash and I'm like this terrible person. That cash on me so they have an ATM. There's I always have to use every time on like okay. I'm I'm like this financial person here. AM spending three dollars and seventy five cents right right. I'm the stupid. ATM and sadly there's probably one around the corner that's got that could at union symbol on it. Yeah but yeah the yeah thirty thousand. It's super convenient and easy to find and so it just saves you money at the end of the day so and I also like think I know something that you guys do at West and I would imagine maybe this is a credit union Theme as well is that you offer a lot of like educational opportunities -tunities that are free. which are great? Because I think then you know allow someone to maybe like baby step into You know something they they Wanna learn about absolutely so really.

California Tampa ATM. Networks
"credit union" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

05:31 min | 1 year ago

"credit union" Discussed on WSJ Your Money Briefing

"Credit unions are all grown up for decades. They were seen as a small mall. down-home slice of the world of consumer finance but now they're growth rate has rivaled banks. In fact some credit unions are buying small banks so what a sparked their Growth Wall Street Journal reporter in ice is here to explain so ben since two thousand nine some credit unions have seen a higher growth rate than many banks. How did that had happened? So you've seen a bunch of different things really propelling. This credit unions growth has has been going on for a long time but it really took off after the financial crisis and there are a number of things at play people became disenchanted with banks and decided to switch to credit unions. Regulators also didn't crackdown on credit unions as much as they did on banks in many respects specs. And what you saw is that credit unions really started to compete aggressively They're able to offer lower rates by nature of the way that they operate eight and They they use that to move into all sorts of different types of loans and really kind of a market share. There in those rates can be very attractive but it really depends upon what you buy. What what you want alone for? And so unlike a bank Credit Union doesn't answer to shareholders answers to its members which which all collectively own the credit union and what it does with its profits offers. It returns them in the form of lower rates on borrowing or higher interest on deposits and So that's why you can see a credit union offering a lot hot less A lot lower rates than a bank On certain types of loans. And when you look at something like personal loan or he'll walk Credit Unions often compete very well in that area. They don't always offer lower rates right now. They have slightly higher rates on new cars according to recent averages but I generally on the whole that's the reason that credit unions are able to compete as well as they do. You mentioned he lock Home Equity Line of credit. You know a lot of banks have pullback on making car loans the credit unions have not. Yeah what you saw over the past four years or so is that banks really pulled back lot and credit unions kind of came in and took a lot of that market share so in two thousand and eight they made about Twenty three percent of of auto loans and now they make almost a third of auto loans a third of all auto loans really. Yeah Yeah. They've really gotten very big. And in that area and in credit unions have always had auto loans as a bread and butter business. But it's really expanded Nowadays you don't I'll have to go into a credit union to get not alone. A lot of them offer them what's called an indirect way Through the dealership so you might get your loan through the dealership and it comes from a credit union and things have gotten so good and credit unions in many cases have become so strong that there are now rules in place that govern the deals feels that credit unions are doing with banks. Some credit unions have actually purchased small banks. Yeah that's that's sort of one of the recent trends that you've seen as as as credit unions have grown they Some of them are buying small community banks. And that's sort of one way to add to your to your deposits your deposit basin Jason and Be Able to increase your business and and it's increasingly what we see in community banks Being is that are really under pressure both from the credit unions but also larger banks as well and it's not as if all or even most credit unions have seen explosive growth. Many of the smaller ones have actually actually suffered. Well that's true we should be clear that The growth in credit unions is in large part because of the biggest credit unions. You've seen some that. Are you know have grown own to be eighty ninety over one hundred billion dollars in assets but at the same time you still have. The vast majority of them are tiny and they They might have just a small amount of assets. It's an an and therefore Be You know really kind of what you think of. As traditionally a credit union but even as the stronger credit unions have become well capitalized. Some McConnell and analysts are a little wary of how they might fare in an economic downturn. Yeah I think what sort of one of the uncertainties here is that you know the last time we had a financial crisis their credit unions were not this size and now they are now. They're now they're as big as banks but in many ways. Regulators haven't kind of clamp down on them the same way they have as banks. Thanks so could there be an issue down the road. I mean it's you know who who can really help but it's something that people are sort of starting to be more on alert for as these credit unions get solarge and then also one of the reasons why they've gotten into car loans to the degree that they have is. I guess that they're betting on people being able to continue to pay off their car loans even if a recession were two and one of the things that you see credit unions get into more and more as as these long term car loans these loans that are six seven even eight years long and that's a trend. You see sort of across the the auto lending space that you have just these very long-term car loans but credit union sort of make a disproportionately large charged Share of those loans. So you know that means that these loans are outstanding for a long period of time and credit unions. Really have to be careful to make sure that the borrowers can can pay for that entire period of time and you've written about that for the Wall Street Journal that can get consumers into a bit of trouble. Yeah yeah definitely. It's it's something you know that we've also seen and happened during the last decade or so. That people really get themselves very indebted by taking out of long-term car loan. Okay that's Wall Street Journal reporter Ben Ice in here in our studio Ben. Thanks for coming on the show. Thank you and that money briefing. I'm Charlie Whelan in New York for the Wall Street Journal..

Credit Union Wall Street Journal Charlie Whelan New York Ben Ice Jason McConnell
"credit union" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

01:37 min | 1 year ago

"credit union" Discussed on WSJ Your Money Briefing

"Briefing for Tuesday December third. I'm JR Whalen at the Wall Street Journal. Final in New York credit unions are no longer just a small group at work. That can get you a good interest rate on a car. They've grown to the point where they're buying small banks but can they survive recession. We'll ask a Wall Street Journal reporter to explain I some money and market news. You should know if you start seeing more pop up shops around. Don't be surprised. Industry analysts. Say that pop up shops. Those small short-term brick and mortar locations for digitally native brands are becoming increasingly important part of the three point eight trillion trillion dollar. US retail scene. That's because they allow brands to use data about their customers to figure out the best time and place to set up a real world presence and then close close within a few days or weeks before losing profitability digitally native brands holding an estimated twenty seven point one billion dollars in revenue this year. That's up four and a half billion from two thousand eighteen and they represent four percent of all online sales. And how frustrating is it to grab a loaf of bread in your kitchen cabinet. Only to wind wind up throwing it out because it's gotten moldy a survey this year by the American Bakers Association found that nearly three quarters of generations z millennial consumer's the ages eighteen to forty one are bothered by wasting bread in more than twenty percent said. They often or always skip buying bredon their next trip to the store after throwing inbred away and more than half said they would buy more baked goods including bread if they came in smaller portions bread companies and grocery stores are listening. They're putting smaller are low on the shelves and that could mean a whole lot less wasted food..

Wall Street Journal US JR Whalen American Bakers Association New York
"credit union" Discussed on Accelerate Your Business Growth

Accelerate Your Business Growth

24:59 min | 1 year ago

"credit union" Discussed on Accelerate Your Business Growth

"Welcome to accelerate your business growth with your host Diane Helbig Diana's a leading small business development and leadership coach just been so volatile will say between what goes on with interest rates well because I'm looking at the stock market and all that clown and a and a collateralized loan guesses sure okay sure and and and and I'll start with the SBA loan and what exactly that means and you've probably heard this in many of your listeners where they've heard somebody say I've received an spa loan and what in better condition conditions for the loan and additional funds where we may not be able to do it traditionally and it expands that credit box and it's actually okay so it sounds like I mean I feel like what I'm what I'm going through my head is things I don't never knew before which were why even considering a credit union for a business loan in the first place like I can hear reasons why seems like it it's a it can be a better fit are there other reasons that a business should consider a credit union in over a bank shirt it really comes down to your goals it comes down to your goals into who you would like to see and there's people who have who like that community based institution where you can go in and talk to somebody and have access to the decision makers at the institute Susan directly and form those relationships so that the people who want that experience a credit the union is a good fit for you you know it used to be there was first National Bank of whatever town on every main street in America those days rapidly declining yeah but this really sounds like that see this is what's so interesting for me as you're talking about it I'm thinking this sounds like the the old days where the local businessmen would go into the bank can and talk to the bank and the bank guy they knew each other they went the church together whatever on a bowling league together you know whatever it is and so they knew each other and it was more of a trusted sort of relation the ship then transactional that's exactly right our challenge it there there's not too many people that I talked to where they okay wow that's a horrible idea I don't know why it ever want us to a situation like that my challenge is many people don't think of that as an Russian even though like I said there's a third of America belongs to a credit union and generally have a pretty good affinity and feeling in a bout that relationship but they don't reach out to that for their business and some of that's historical it was really only back in nineteen ninety eight that Congress change the Federal Credit Union Act that allowed this in a much larger base assists in larger scale where we had the permission to do it and I I I got into credit unions in nineteen nine or two thousand and one and to give you an idea just on by home state of Pennsylvania when I first got into credit unions in the higher state there was twelve million dollars among every credit union business loan if you add them all up together and most of those were amish loads today there's over three and a half billion of commercial loans among credit unions and Pennsylvania and there's oversee seventy billion in the entire country for credit unions business loans so it's really rapidly expanding and there's a lot more credit union's offering this it used to be when I first started it was the one off unusual item is as a novelty now it's really becoming where the vast majority of credit unions offer solutions to small businesses In there community yeah it it's it is I mean that's why this is so interesting for me because I really I don't think people realize is this and And they need to know about it because I think they think that crayons banks of the same or if they know are there different they don't even think about their business as you said they don't even consider their business when it comes to their credit union actly and much like credit unions are a cooperative institution firm for the members as I mentioned we're tend to be cooperative and industry my company M bfs we are actually owned by ten different credit unions and work with over sixty credits unions in the country so people and what we do is we provide they basically the nuts and bolts and sales and everything too get the to allow credit unions to offer loans to their members and think about it this way instead of every credit union going out and buying a loan system and hiring underwriters hiring salespeople and everything you have to do to offer this they we've essentially got together and built it all on the back end so that we can all do it much more effectively to each other and when people work with us what happens they can we we really match up with their credit union that makes sense for them if they don't have their local institution to work with if they just say I like this concept but I'm not sure who to go to we really just process it on behalf of a Credit Union to get you the financing you need and a credit unions are they're kind of those mid size community based institutions we also then partner lenders together so they can fund the law collectively and grow and expand to a Mutt with your business wow that that's really also credit unions that work individually so if somebody comes to it's very common for somebody to contact me and say I'm in Oregon where I might not have credit unions on a local basis but we have a network of people like myself where we hook you up audiobook when you sign up for the trial today we're speaking with Mark Ritter about business lending and credit unions.

Diane Helbig Diana twelve million dollars
"credit union" Discussed on Accelerate Your Business Growth

Accelerate Your Business Growth

14:34 min | 1 year ago

"credit union" Discussed on Accelerate Your Business Growth

"Uso thanks so much for joining me today Mark Thank you for having me appreciate the invitation I am thrilled to have you here business lending is always a big topic something that I think the majority of lists owners either are curious about or are in the you know getting ready to do something about and and don't necessarily have enough information so I actually like to start with asking you what you you think the biggest mistakes small businesses make when they're looking for financing sure I really think it comes down to two uses that that I see as most common and the first is businesses having good communication backer forth in an open relationship with their lender or potential lenders they need to ask questions and they need to listen and they need to be able to build a talk through the potential lender what exactly their process is that they understand how this institution works as opposed to maybe some other ones I see a lot of people who look at banks and credit unions the that are all saying they're all homogeneous but people work so much differently it's almost like a restaurant you don't go to every restaurant ahead having the same expectations there's really quick cheap and easy there's high end and there's everything in between at the end of the day they fill you up but they're very different institutions and you need to find somebody who culturally goals and what you want to accomplish that's so great I love that that makes so much sense to me they're like restaurants I really liked that analogy so so and this sounds to me like what you're saying is even Credit Union to Credit Union bank to bank they can be very different institutions is that fair Oh certainly people have different credit cultures the Credit Union Industry he has itself has some alcohol some homogeneous values but Saddam credit unions are said up in low income areas is to help out some underserved markets where people that they don't have access to institutions some credit unions are very large they focus on real estate some focus on SBA loans and more operating businesses but in the credit union space we worked together Cross institutions a little bit more than the traditional commercial banks so that's interesting I what it takes to actually get a business or Real Estate Investment Welch so what are the keys to being able to really secure alone sure the the the main factor that talk about is understanding your business and numbers so that we can make the process easier and when I say understanding Your Business I mean relative to others in your industry and and because credit unions today really what the lend money to banks or with the businesses so we try to make it work and that involves having the tough conversations with your fought with your potential credit union partner and really talking through the challenges at your loan at the end of the day we have to show with a reasonable certainty that you have the ability to pay us back in the future and many times with a small business the numbers only show so much we want to understand what's your numbers mean and that you'll be able to pay us back in the future so we can make more loans to more businesses in the community so it really comes into being prepared and understanding in Your Business and if there's challenges to your loan we're probably eventually going to find that out eventually and it will be much much enter to the process if you bring those up to us and talk through those conversations so that we can develop a solution that works for everybody okay so that sounds to me like the business owner should well first they have to understand their own numbers their own cycles their own customer base and prospects and whatever it is they're hoping to achieve they also have to be able to articulate that it is at over like a couple of years like do they have to be able to say for the past so many years this is what has been going on in their business and this is what has been going on in the marketplace for their industry so a a credit union for for the most part relative to a commercial bank is a community based financial institution so we have a lot we have to show look at the numbers and the numbers have to make sense we're still a regulated financial institution but we'll take in much greater factor all of those qualitative Pieces about you and your business do you understand the your marketplace who you are what's your experience do you have a relationship with other credit unions that you've shown yourself to be a credit worthy visual so we can we can look at the more we can look the pitcher in totality maybe last year was a rough year but if we understand that you investing in some money in your business or shut down a line of business that maybe doesn't make sense anymore and we can look at the future that really helps us out into into painting a picture and getting your business the money that you need so you can grow your business I I see so so am I understanding you right that part of it is for example I have car loans with my credit union as as a person so like that gets taken into consideration a relationship like that oh absolutely what you one of one of the key differences with any credit union go to is it has a cooperative financial institution you know when you look at it there's a hundred it has the same products and services and car loans and checking accounts and mortgages that you may see at your commercial bank but over a hundred million people belong to credit unions in America today so quiet large portion of them own businesses so we look at it as are you a member of the cooperative and we want to help you grow to be accessible financially versus you're going to somewhere where there's a shareholder and we're trying to do something that benefits a shareholders versus the membership and you as a person and a small business owner so we love relationship businesses ah I went to a commercial bank they probably fire me within a week because we have a much more casual approach to life we want talk and get to know people the relationship counts the relationship matters you know and that's why I really enjoy being part of the Credit Union story it's nice that people aren't protesting in the streets against their local credit unions for the most part that's a really good point it is absolutely I mean it is so different so in today's marketplace I mean things that what what is the landscape today for a small business owner being able to get a business or real estate loan you met you hit one of the key points in today's world and the theme of this year that everybody missed is interest rates first rates have plummeted over the last few months and you've seen that in in that is rarely carried over to the small business community if you're business owner and receive financing within the last two years absolutely look at caulking to your local institution and asking about lower interest rates negotiating something down as as a federal credit union we don't charge any prepayment penalties so we tend to make it more we want to get you the best deal that makes sense now but the liquidity in our industry it's very strong it's a great time to go get a loan credit unions lend deposits that are in the instance toossion they as an industry we don't really do much a lot of borrowing hedge fund we're not dealing with Wall Street where lear really lending off the local deposits in there from the community and the economy when we look at businesses we're not seeing a big downturn worth seeing things is very stable you know there's a couple pockets particularly maybe agricultural industry that has seen a little bit uptake in delinquency for for the most part we things are pretty solid and the regulatory environment is wonderful today you know when I first got into credit unions it was very tight and restrict about what we can do today credit unions have an extraordinary ability to reach out to whether you're a real estate investor whether you're a business owner with their local community organization to really get you that financing you need okay so is it easier for a company that has a product that they make as opposed to a service business or is is it really based on your history your relationship with the community and your credit worthiness well much much like any business lending particularly in the small business lending if you if if you're have something more tangible you know that's sometimes a little easier to lend off where that's the security but we also have the ability to to work with more of that service oriented businesses sometimes if we're getting into a service oriented business now and I think of a dentist if you're a local dentist lying another practice you know you're buying some tables and chairs and the lights that stick in your face where maybe there will go with an SBA loan versus somebody who's buying a fleet of trucks where sometimes easier to the finance those trucks so there's a lot of products and services out there it depending on the type and nature of Your Business Okay so so thank you for that and we'll you can you explain the difference between an SBA typically means is they received a loan from their local Credit Union or bank that where a portion of that is guaranteed by governor I bet and what that is for is to allow a credit union to expand our credit box to provide I financing to somebody in the community where under traditional terms we might not have been able to do it and I can think of a good exam apple is maybe you're buying a new location in a strip mall where it's going to cost several hundred thousand dollars to build out your business in the Strip mall well as a strip as a lender somebody else owns that strip mall and once you build it out that that's becomes part that's not really part of the real estate but it's needed for your business as a lender I can issue a loan to that that is guaranteed by the permit because I think you can pay me back in it's good for for openness business but it reduces my risk and we'll see that in maybe if you're buying a business or you're expanding a lot and need that working capital financing and franchises are very commonly used offer SBA loans and that really helps us where we like you and you like us and and we can offer you better terms very reasonable interest rate interesting okay.

Uso hundred thousand dollars two years
"credit union" Discussed on Accelerate Your Business Growth

Accelerate Your Business Growth

01:46 min | 1 year ago

"credit union" Discussed on Accelerate Your Business Growth

"Uh author and speaker who is passionate about sharing valuable ideas tips and techniques with business professionals worldwide diane brings you the world's experts and gurus in all things business whether it's sales structure social media planning or Plateau wing guests bring their expertise and energy to each episode when growing Your Business is your focus accelerate your business growth is the show to listen to got a topic or guests suggestion let Diane now the goal is to make sure you have the information you need to move your business forward thanks for joining US settle in and enjoy hi everybody thank you so much for joining me. Today's podcast is sponsored by audible dot com audible dot com a leading provider of spokane audio entertainment and information listen to audiobooks whenever and wherever you on get a free book when you sign up for a thirty day free trial at audible trial dot com slash business growth accelerate your business growth podcast yes continues to gain recognition as a great resource for business.

"credit union" Discussed on Q95

Q95

03:19 min | 1 year ago

"credit union" Discussed on Q95

"The navy federal credit union is that the NO hi we almost lost X. is proud to present yes they are they Love Me the sports desk and it smells so nice over there I'm sorry your your over the weekend there was some behind the scenes things going on and one of our people on the staff texted me and asked me if I would want to go to dinner with a couple people last night and your dad and I texted back yeah sure I'll be there and apparently I have shocked the for you by accepting an invitation going to dinner with these young woman having a lovely time I have a question and everybody is what is so there was an open bar they brought Redskins been well here's what's weird all right go first off you know they didn't bring right you Jack no one else was invited right now so that's shop I don't have anything to do with that how they would use I'm back in all when it comes to other people you've been known to be Hey full we had a meeting last week yeah all of a sudden you get up right no joke tricks that other girls this may or may not be an Irish bar say two words did anyone I sure did at the lunch yeah so I talked to weird fellow I you referred to him and all his fellow devils avoid no the guy sitting next to me was a rescue okay you're kind to read what is under is constrained was full of knowledge I hope I get it now I can help out the check at that meeting did say two words yeah the legal permits that those socks I have the cauliflower crimes Dr light well last night at dinner which you have left I had a burger I had Kennedy having the common touch your out with the holy are you are you motion to someone who dropped his wallet on the ground I did a good deed was Joe thigh I took the cash out you actually said excuse me you have dropped your wallet on the ground and he said thank you very much time stranger and they don't look me in the eyes but how did I get this reputation for my constant behavior in this man kind of well that's very nice I'm glad you're growing you're you're you're turning you know you want to get the book out book a broad musical like that will have to get the dollar actually tales of if you I think this is a good day what if I text as they come out for a burger yeah yes the bye for now I was there at the time because I'm almost twenty nine he didn't ask me because I have that auto return on my email whatever it is like how busy was attacks story.

navy federal credit union Redskins Jack Kennedy Joe
"credit union" Discussed on Wash FM 97.1

Wash FM 97.1

04:09 min | 2 years ago

"credit union" Discussed on Wash FM 97.1

"Credit Union. One. Hello. Ninety seven point one wash FM..

Credit Union
"credit union" Discussed on WEEI

WEEI

06:43 min | 2 years ago

"credit union" Discussed on WEEI

"Credit Union, we help our members execute missions every day like operation. Oh, no. You don't you got the check last time. Besides I want the points for our fishing trip coming up it's going to take four wheelers and canoe to find the perfect spot. This time apply now to start earning triple points at restaurants, double points on gas and single points everywhere else with the go rewards credit card from navy federal maybe Federal Credit Union are members of the mission. Open to the armed forces, the DOD veterans and their families insured by NCUA Keefe. Dead happens. It's how you get out.

Federal Credit Union Credit Union NCUA Keefe DOD