Get off the lending hamster wheel

first_img continue reading » We spend an inordinate amount of time, marketing, sales dollars, and imagination to originate new loans.Our collective creativity has created a loan origination process that includes quick loan decisions, the use of electronic signatures, omni-channel delivery, point of sale (POS) financing, triggers, and teams of credit union professionals who know how to make the member loan origination experience a “wow.”Yet we find that our net loan growth is only a fraction of our new originations.The challenge is that we have not perfected a means to retain the loans once they are a part of our portfolio. 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

Ultimate family entertainer proves the perfect party place

first_img9 Carissa St, Sinnamon Park.Minh Dinh is selling his home after almost three years.Mr Dinh has bought a property a Chapel Hill, which is closer to he and his wife’s work at the University of Queensland and their daughter’s school at Indooroopilly.Their double-storey home at 9 Carissa St, Sinnamon Park has been the ultimate family entertainer. 9 Carissa St, Sinnamon ParkMr Dinh said the house was ready to move into when he first bought it and has not had to do much to it. “We put solar panels on top of the roof, and put in rainwater tanks,” he said.A solid timber kitchen and separate dining and living areas give this home a modern touch. There is a second bathroom and all of the colonial fittings and fixtures give it the feel of a bygone era, right down to the fretwork over the doors. 9 Carissa St, Sinnamon ParkMr Dinh said they had many barbecues at the home over the years, and birthday parties for their children.“Since we moved in, we had another baby girl,” he said. “The space in the home has been great.”Mr Dinh said the one thing he loved about the home was the high ceilings.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019“When it’s summer time, it’s refreshing to open the windows. The veranda is in a u-shape and the breeze just goes in and out,” he said. 9 Carissa St, Sinnamon ParkMr Dinh said it would be nice to see another family like his move in.“Young parents with young children would be great, even people who would appreciate the condition of this house,” he said. 9 Carissa St, Sinnamon ParkHe said the home was close to Mount Ommaney Shopping Centre, the city and had easy access to the freeway.Dean Property Team selling agent Robert Dean said the home would suit a small family or couple looking to get into the real estate market.last_img read more

​Industriens Pension bags PE, infra experts from Vækstfonden and ATP

first_imgDenmark’s pension fund for industrial-sector workers, Industriens Pension, has hired two specialists in unlisted investments to work in its private equity and infrastructure portfolios – asset classes the DKK174bn (€23bn) fund said play a leading role in its strategy.The pension fund appointed Heidi Haurholm-Rasmussen and Christian Finnerup Berg, who are coming to the Copenhagen-based fund from state financing vehicle the Danish Growth Fund (Vækstfonden) and the country’s biggest pension fund ATP, respectively.Jan Østergaard, head of unlisted investments at Industriens Pension, said: “Heidi Haurholm-Rasmussen has solid experience in private equity, while Christian Finnerup Berg has worked extensively on infrastructure investments.”The labour-market pension fund said it currently has over DKK50bn in unlisted assets, with private equity and infrastructure making up around DKK38bn of this, adding that the historically high returns generated from these asset classes in the past meant unlisted investments played a key role in its plans. “I am sure they can contribute to continuing our good results in both asset classes,” said Østergaard.Industriens Pension said Haurholm-Rasmussen has worked with private equity for the past eight years as senior investment manager at the Danish Growth Fund and also at Danske Bank asset management arms Danske Capital and Danske Private Equity.Finnerup Berg currently works on unlisted investments as senior investment manager at ATP, having previously worked for Danish commercial property developer Sadolin & Albæk, it said.Both new appointees will start work in their new roles as senior investment managers on 1 July.A spokesman for the pension fund said both appointments were for existing rather than new roles, but that because of continuous adjustments to responsibilities in the investment team, it was not possible to say exactly who the newcomers were replacing.Among other recent changes in Industriens Pension’s unlisted investments operation, Peter Juhl Nielsen started work at the fund earlier this month, in his new role of director in the department.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Wellington man charged with 2 felonies of electronic and indecent solicitation of minor by county attorney’s office

first_imgBy Tracy McCue, Sumner Newscow — Sumner County Attorney Kerwin Spencer has charged Steven R. Hunter, born in 1991, of 214 S. Cherry Street in Wellington with electronic solicitation, a level 3 personal felony; indecent solicitation of a child, a level 5 person felony; contributing to a child’s misconduct, a Class A misdemeanor; and interference with law enforcement, a level 9 felony.According to a Sumner County complaint, Hunter is accused of on April 27 of using a cell phone to text message a 15-year-old boy to commit or submit to an unlawful sexual act.Allegedly, Hunter then used texting to entice the alleged victim to a train park in Wellington at 12:30 a.m. with the intent to commit an unlawful sexual act upon the child. Hunter is also accused of encouraging a 15-year-old to violate city curfew by meeting him alone in the park after midnight.Allegedly, when apprehended at 12:40 a.m., Hunter gave a Wellington Police law enforcement officer, another name that was not his own, the complaint said.Hunter has a court disposition at the courthouse on May 8 at 1:30 p.m. A bond of $2,000 has been set and Hunter is to have no contact with any person under 16 years of age according to the complaint.last_img read more

Traffic Delays Due to Car Fires

first_imgOn the first day back to school and work following Labor Day, northbound traffic was stalled on the Garden State Parkway, in the vicinity of Holmdel, around 8:30 a.m. Delays went back for miles.The state’s real-time traffic reporting agency, 511nj.org, said there was an accident with injuries, as well as a vehicle fire. Both occurred in the Express lanes, north of Exit 114As of 10:20 a.m., authorities estimated that the the 29-mile trip from Exit 98, Belmar, to the Raritan Toll Plaza in Woodbridge via the express lanes would take 1 hour and 13 minutes.Were you affected?last_img

Nelson’s Dryden Hunt traded to Moose Jaw Warriors

first_imgDuring the summer, Nelson Minor Hockey grad Dryden Hunt was unsure where he’d be playing this Western Hockey League season. Wednesday, the 6-foot, 200-pound sniper found a home when the Moose Jaw Warriors of the acquired the 20-year-old Nelsonite from the Medicine Hat Tigers in exchange for a 2nd round pick in 2016 and a 3rd round pick in 2018. Moose Jaw finished out of the playoffs last season, ninth in the Eastern Conference behind Swift Current. Last season Hunt finished 13th in the WHL in scoring last season with 33 goals, 50 assists, and 83 points in 71 games.  Hunt has played 197 WHL regular games with Medicine Hat and Regina, he has 59 goals, 74 assists, 133 points, and 142 penalty minutes.  In the 2015 WHL Playoffs, he had five goals and seven points in ten games, in 17 career post-season games he has nine goals and 12 points.  Hunt recently attended the Montreal Canadiens training camp. Hunt is expected to make his Warriors debut Thursday when they open the 2015-2016 regular season at Mosaic Place against the Regina Pats in what is a “stand-alone” feature game to kick-off the WHL’s 50th Season. —With files from Moose Jaw Warriors The story originated at The Nelson Daily.last_img read more