Thank you for tuning in to episode 77 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at PSCU. As the nation’s premier payments CUSO, PSCU proudly supports the success of more than 1,500 credit unions.For many low and moderate-income families across the country, Community Development Credit Unions (CDCUs) have been a vital support system throughout the COVID-19 crisis and resulting recession. On this week’s episode, Cathie Mahon, President and CEO of Inclusiv, and I dig into the importance of Community Development Credit Unions from coast to coast, as well as discuss the amazing work Inclusiv is doing to support these credit unions and their members now and going forward. During our conversation, Cathie and I talk about many of the challenges and fragile dynamics that come with serving low-income households. She shares some of the incredible ways CDCUs have responded during the crisis to ensure their members have access to their funds and accounts. We also discuss why credit unions need to be more aggressive in reaching out to and serving unbanked individuals, and how this crisis is helping Inclusiv to build and maintain a more robust network of credit unions. From there, Cathie and I chat at lenght about why she took the position at Inclusiv, how the inspiration has changed over the years, and why “perfect is the enemy of the good”. We also talk about building trust as a leader, what she’s learned from her mentors, and some of the things she does to unwind. During the show’s rapid-fire section, we learn that Cathie was a bit of a troublemaker in high school and that she wanted to be a journalist when she grew up. She also shares some of her favorite books, including one she recently finished, and explains why Bill Clinton is the first person to come to mind when she hears the word success. It was a blast getting to know Cathie better, and I hope to be able to cross paths with her again soon so we can continue this great conversation. Enjoy!Find the full show notes on cuinsight.comSubscribe on: Apple Podcasts, Spotify, Google Play, Stitcher Books mentioned on The CUInsight Experience podcast: Book List How to find Cathie:Cathie [email protected] https://www.inclusiv.orgFacebook | Twitter | LinkedInShow notes from this episode:A big shout-out to our friends at PSCU, an amazing sponsor of The CUInsight Experience podcast. Thank you! Check out all the outstanding work that Cathie and her team at Inclusiv are doing here. Shout-out: Randy’s mother Learn more about how Puerto Rico’s network of financial cooperatives came together after Hurricane Maria in this great article from Inclusiv.Shout-out: Jill NowackiShout-out: Michael Bloomberg Shout-out: Cliff RosenthalShout-out: CUES Shout-out: Jonathan MintzShout-out: Sheilah Montgomery Shout-out: Lynda MiltonShout-out: Prospect Park, Brooklyn, NYShout-out: NPRAlbum mentioned: London Calling by The ClashAlbum mentioned: Get Happy by Elvis CostelloBook mentioned: The Motorcycle Diaries: Notes on a Latin American Journey by Ernesto Che GuevaraBook mentioned: One Hundred Years of Solitude by Gabriel Garcia MarquezBook mentioned: Say Nothing: A True Story of Murder and Memory in Northern Ireland by Patrick Radden KeefeShout-out: Bill ClintonShout-out: Clinton Global InitiativePrevious guests mentioned in this episode: Jill Nowacki (episodes 4, 18, 37 & 64)In This Episode:[02:25] – Cathie, welcome to the show![03:20] – Cathie shares how critical it is to have community development credit unions during these trying times.[04:57] – What are some challenges the lower-income members are facing, and how are the community development credit unions helping?[07:28] – Keeping branches open is just one way they are trying to help the communities.[09:34] – Cathie believes that how members interact with their credit unions will be changed forever.[11:42] – What do credit unions need to do to stay relevant to the pace of change that is happening now?[14:40] – Cathie shares what she will be most proud to have accomplished a year from now.[17:58] – Cathie and Randy speak about the experience of the PPP program.[18:45] – What inspired you to take the position as CEO at Inclusive?[20:23] – Cathie speaks about how the inspiration has changed with years on the job.[22:28] – The perfect is the enemy of the good is something Cathie’s team has heard her say so much they can finish the sentence.[23:51] – Making hard decisions is something Cathie has had to cultivate over the years.[26:32] – Cathie debunks a common myth about leadership.[27:51] – Is there a common mistake that you see young leaders make?[29:46] – Cathie speaks about the mentors she has had and what she learned from them.[32:24] – Cathie discusses what she likes to do to recharge when she has a day off.[33:21] – What were you like in high school and do you remember the first time you got into memorable trouble?[34:54] – Cathie says she wanted to be a journalist when she grew up.[36:10] – She shares some daily routines she does to keep her day in sync.[36:52] – What is the best album of all time?[37:28] – What book do you think everyone should read?[38:18] – Trying to figure out balance has become more important, and solving problems at work has become less important.[39:19] – When you hear the word success, which is the first person who comes to mind?[40:13] – Cathie shares some final thoughts for the listeners.[40:54] – Thank you so much for being on the show! 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Details
Koolmees’ amendment was prompted by MPs who noted that the funding ratio of Aon’s Dutch pension fund had increased significantly after relocating to Belgium, and had objected to what they described as “supervisory arbitrage”.Answering questions from Steven Weyenberg, MP for the liberal democrats D66, Koolmees had argued that the amendment was allowed by the Treaty on the Functioning of the European Union, which stipulated that more than one member state had to be involved for free movement of services and capital.Van Meerten, however, contested the minister’s argument.The lawyer said he had already informed the government of a recent verdict from the European Court of Justice, which said that such an agreement was not needed.He said that he had therefore concluded that the same rules should apply for both cross-border and local collective value transfers.In his opinion, were the government to stick to this distinction, the consequence would be that participants would be able to refer to the same rules to potentially block a value transfer between schemes in the same country.A spokesman for the minister said that the verdict had to be assessed first before a response was possible.Since 1 January 2016, €4.3bn of pension assets have moved from the Netherlands to Belgium and Luxembourg.Recent data from the Belgian regulator indicated that assets from foreign schemes had boosted the country’s total assets by 18%. The Dutch cabinet’s decision to set stricter conditions to collective cross-border pension scheme transfers is in conflict with European rules, Hans van Meerten, professor of European pension law at Utrecht University, has claimed.Talking to IPE’s Dutch sister publication Pensioen Pro, Van Meerten questioned the decision by Wouter Koolmees, the minister for social affairs, to raise the bar for schemes seeking to move outside of the Netherlands.Under the updated rules — brought in as part of the Netherlands’ implementation of IORP II — a cross-border collective value transfer from the Netherlands can only go ahead if two-thirds of a pension fund’s participants agree.Prior to this, only the approval of a scheme’s accountability board was needed.
PALM BEACH COUNTY – The first day of drive-thru testing for COVID-19 in Palm Beach County (March 31) went smoothly, thanks to the efforts and dedication of a 20-member clinical team with the Health Care District of Palm Beach County’s C. L. Brumback Primary Clinics, Health Care District support staff, Palm Beach County’s Department of Emergency Management and the Florida National Guard.Of the 281 patients who were scheduled for appointments, 255 were tested.The average age of the patients tested was 52. Six children were tested with the youngest 10 years of age.The results are expected within five to six days. A provider will contact each patient by phone with test results regardless if the result is positive or negative.The Health Care District’s COVID-19 Screening Center received 50-thousand calls in the first hour this morning. Callers are being asked to please be patient and expect delays because of the high call volume. Representatives are screening callers for symptoms per CDC criteria.Appointments for testing are scheduled through the end of the week and the Health Care District is evaluating Saturday operations if more test kits become available. The Health Care District will continue scheduling appointments as long as there is a need for testing and there are additional test kits and supplies.The hotline number to call and schedule testing appointments is: (561) 642-1000.