first_img continue reading » 25SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The opportunity for credit unions to give better financial guidance to members is hidden in a deep “data ocean”by: Nate WentzlaffCredit unions store massive amounts of data on detailed aspects of members’ lives.  Spending trends, loans, investments and savings are just some examples of data being collected by credit unions.  This data is always changing as members move through their financial lifecycle.  From prospective college students preparing for their first semester to retirees, credit unions have a wide range of membership.  Educating members according to their current lifecycle stage is crucial to developing deeper relationships.  By utilizing data analytics solutions, credit unions are now better equipped to provide education that is tailored to each member’s unique financial situation.Member-Centric Data ModelThe amount of data residing within credit unions is growing exponentially.  With a massive “data ocean” stored throughout various source systems, credit unions must be purposeful when integrating these systems to discover information about their members.  All data integration should be on a member-centric model.  Designing a data warehouse with the member as its centerpiece is critical for the development of data analytics solutions.  Every data model must be built with one object as its main focus, for credit unions, this object is the member.   A data model built around the member will provide opportunities for financial education that is focused on the individual.   A member’s relationship with their credit union is more delicate than ever.  With an abundance of financial product alternatives, developing and maintaining relationships with members is essential for the future of the credit union industry.  The member-centric data model is the foundation for credit union data analytics.Personal Financial Management (PFM) Once data analytics solutions have been built from a member-centric data model, financial education apps can be developed to form a PFM tool.  Currently, members (especially younger ones) are reluctant to attend classes or presentations at physical locations.  The new style of education is online and mobile.  As members utilize this PFM tool, they will develop a habit of utilizing it when making financial decisions.  By providing guidance based on members’ current data, credit unions will be able to guide them in financial decision-making.  Also, marketing campaigns (webinars, training sessions, articles, etc.) can be strategically focused on members based on the current stage of their financial journey.  Sending a retiree the latest student loan webinar will not be an effective use of marketing resources and results in a damaged relationship with that member.  With member-centric data analytics solutions and a PFM tool, credit unions can further customize their educational guidance to each member.  The ability to track financial data is desired by most members.  They want to know what is going on in their financial situation on a daily basis.  Allowing members to navigate, with their credit union as a co-pilot, is a powerful capability for credit unions willing to invest in data analytics solutions.last_img read more

first_imgHANCOCK (WBNG) — The Hancock Volunteer Fire Department said in a statement sent to 12 News that it has decided to cancel its annual coyote hunting tournament scheduled for late January. We thank our community members for the support.” Let us be clear, we do not tolerate nor condone the aggressive behavior that has been showed to our membership and our organization. We thank our residents that have supported us during this endeavor, and who continue to support us.  The Hancock Volunteer Fire Department said in a statement sent to 12 News: “As most of you have seen, there has been concerns with our annual coyote hunting tournament that happens the third weekend in January. Organizations and individuals for the protection of animal rights have been continuously harassing the Hancock Fire Department and our members, including threats against our personal safety.  This harassment has gotten to the point where it is blocking us from being focused on our main mission, which is firefighting and saving lives. The Mayor of the Village of Hancock emailed the chiefs of the Hancock Fire Department stating that the Tournament had to be cancelled even though the Hancock Fire Department Inc. is not part of the Village of Hancock and is a separate, not for profit corporation.   Stay with 12 News as we continue to follow this developing story. Due to the concerns for the safety of the residents that we protect and the concerns for the safety of our membership, we must cancel the tournament. All registration sheets that have been sent in will be returned with a full refund. All donors for the tournament will be contacted and their donation returned.  A petition was formed online that accumulated more than 20,000 signatures against the tournament. The event also prompted major backlash from online commentators who disagreed with it on Facebook.last_img read more

first_imgMay is Haitian Heritage month and the celebrations are underway here in South Florida, which is home to a huge Haitian population.Several cities are hosting events to honor the rich culture and heritage of the first Black republic. The City of North Miami launched its festivities Monday with an opening reception held at the MOCA Plaza. This year’s theme for the City’s celebration is “Nou Se Ayiti” which translates to “We Are Haiti”.“History books say it all. We’ve been through a lot, but we are a people of great resilience. For that reason we come together every year to mark Haitian Heritage Month in May with all out celebrations,” said organizer Linda Julien.The City of Miami is also hosting a number of events to honor Haitian Heritage Month. Miami will kick off its celebrations Friday with an Ayisyen Mwen Ye art exhibit at the Little Haiti Culture Complex.The City of North Miami Beach also announced its Haitian Heritage Month festivities Friday with an opening ceremony of an exhibition which will be open for the entire month at the North Miami Beach Public Library.The screening of the film Toussaint L’Ouverture will be held at O Cinema in Miami Shores on Friday. The movie is about the successful revolt that led Haiti to its independence from France.Here’s a list of events scheduled in South Florida this Haitian Heritage Month:City of North MiamiMay 1: Haitian Heritage Month Opening ReceptionMOCA Plaza – 6-9 p.m.May 12: “Through the Eyes of Malfini” Art Exhibition OpensNorth Miami Public Library – 6-8 p.m.May 18: Haitian Flag Day CelebrationMOCA Plaza – 5- 8 p.m.May 27: Haitian Heritage Month Closing CelebrationMOCA Plaza – 6-10 p.m.City of MiamiMay 5: Ayisyen Mwen Ye Art ExhibitLittle Haiti Cultural Complex – 10 a.m.May 6: Tour of Little Haiti – Taste the CultureCaribbean Marketplace – 10 a.m. – 1 p.m.8th Annual ZakafestLittle Haiti Cultural Complex 1-11 p.m.May 7: Little Haiti Soccer Cup FinaleLittle Haiti Soccer Park – 4 p.m.May 11: Haitian Heritage Month ReceptionHaitian Cultural Arts Alliance – 6 p.m.May 12: Day of ServiceToussaint L’Ouverture Memorial Garden – 10 a.m. – 1 p.m.Sant La GalaHard Rock Stadium – 6:30 p.m. – MidnightMay 18: Haitian Flag Day Celebration130 NE 62nd Street – 7:30– 10 p.m.May 20: 19th Annual Haitian Compas FestivalBayfront Park — 3 p.m.May 25: Poetry SlamHaitian Heritage Museum – 7 – 9 p.m.City of North Miami BeachMay 5: Haitian Heritage Month Exhibition Opening CeremonyNMB Library – 6 – 9 p.m.Miami ShoresMay 5: Screening of “Toussaint L’Ouverture”O Cinema – 6:30 p.m.last_img read more