Revenue Diversification: The Antidote to today’s low-yield loan interest rates

first_imgIt’s no secret that auto loan yields are at low levels due to industry-wide low interest rates. According to the NCUA, the national average for a new vehicle loan with a 48-month term was 2.58%, as of December 2015. However, Forbes recently found a financial institution offering vehicle loans for 0.74%. While there has been some news on interest rates rising, the reality is that today’s competitive marketplace is clearly keeping rates in a low holding pattern.The good news is that loan origination volumes are increasing in this low-interest-rate environment. The bad news, of course, is that financial institutions are experiencing low overall revenue yields. In the worst-case scenarios, financial institutions are wondering how they can continue to survive in this market.However, many financial institutions have already discovered the key to keeping their revenue on track. They are diversifying their income stream with fee-based products. In fact, in a marketplace with ongoing large and small financial swings, the best long-term strategy is income diversification.This philosophy relates to the old adage: Don’t put all of your eggs in one basket. With the right mix of interest-earning and fee-based products, financial institutions gain the benefits of both worlds. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Surge in cases of family violence

first_imgStuff 3 March 2015Women in relationships with men in white-collar jobs are flooding into Women’s Refuge in Timaru for help as the reporting of family violence surges.“While most of our clients are from across the board, we are now seeing a flood of women coming to us who are in relationships, or married, to men with white-collar jobs,” Mid South Island Women’s Refuge and Family Safety Service manager Dawn Rangi-Smith said.Rangi-Smith said that, in the past, women’s refuge case workers helped a lot of clients in relationships with “freezing workers”.“Now we are dealing with a lot of women with partners who are working in supervisory and professional type roles. It’s interesting, and we don’t know why there has been a change all of a sudden. Maybe it’s something we need to research.”Ministry of Social Development statistics released to The Timaru Herald showed the number of family violence referrals from police to Child, Youth and Family (CYF) in Timaru last year was nearly double that in 2011-12. A total of 475 family violence notifications were made by police in 2013-14, compared with 244 in 2011-12. The overall number of notifications received by CYF was 1408, against 1189 in 2011-12.Another area where referrals had increased was the education sector, with CYF receiving 116 in 2013-14, compared with 90 in 2011-12. read more

Update on the latest sports

first_img— Indians starting pitcher Mike Clevinger (KLEH’-vihn-jur) tore cartilage in his left knee during a workout Wednesday in Arizona and will have surgery. Clevinger was outstanding at times for Cleveland last season, going 13-4 with a 2.71 ERA and 169 strikeouts in 126 innings over 21 starts.— The Braves have signed first baseman Yonder Alonso to a minor league contract with an invitation to the major league spring training. The 32-year-old Alonso gives the Braves depth behind Freddie Freeman, who had right elbow surgery in October.— Nationals general Mike Rizzo is not satisfied with the way the Astros attempted to apologize for their sign-stealing scandal. Rizzo’s Nationals beat the Astros in last season’s World Series. Rizzo says he would like to hear members of Houston’s organization use the word “cheated” to describe what they did. — Phillies president Andy MacPhail says team ownership is willing to go over the luxury tax threshold to make the playoffs. The Phillies have made several high-profile free-agent signings over the past few seasons, including a 13-year, $330 million deal for outfielder Bryce Harper last year. Philadelphia signed pitcher Zack Wheeler to a five-year, $118 million contract this offseason.— Major League Baseball is raising the minimum salary for minor league players in 2021, according to a memo sent Friday from the commissioner’s office to all 30 teams and obtained by The Associated Press. Two years after successfully lobbying Congress to exempt minor leaguers from federal minimum wage laws, MLB opted to give those players a wage increase between 38% and 72%. February 15, 2020 ADELAIDE, Australia (AP) — Inbee Park took a three-stroke lead at the Women’s Australian Open after a 5-under 68, including a 40-foot birdie putt on the 18th at Royal Adelaide. She had a 54-hole total of 15-under 204. Nineteen-year-old Ayean Cho will play in the final group with her fellow South Korean. Cho shot 69 and was in second place.Park hasn’t won an LPGA tournament in nearly two years. The seven-time major champion has 19 tour victories, including trophies at Singapore, Taiwan, Thailand and Malaysia.MLB-NEWSKemp chose not to be part of Astros’ 2017 sign-stealingUNDATED (AP) — Tony Kemp says he wasn’t among the Houston Astros who partook in the team’s sign-stealing setup during the team’s run to the 2017 World Series. — San Jose trailed 2-1 until Melker Karlsson and Timo Meier tallied 1:29 apart in the third period of the Sharks’ 3-2 comeback over the Jets. Marcus Sorensen also scored and Aaron Dell stopped 30 shots as the Sharks kept Winnipeg one point behind Arizona for the last Western Conference wild-card spot. Blake Wheeler had a goal and an assist for the Jets, who have dropped two straight since a three-game winning streak and are 4-7-1 in their last 12.NHL-NEWSMinnesota fires BoudreauUNDATED (AP) — Bruce Boudreau (boo-DROH’) has become the eighth NHL coach to be dismissed this season, and the sixth let go for performance reasons.The Minnesota Wild fired the longtime NHL head coach with the team three points out of a Western Conference playoff position. The Wild are 7-3-1 over their last 11 games after falling to 20-20-6. The dismissal follows Thursday’s 4-3 shootout loss to the Rangers in which Minnesota blew a 3-1 lead in the last nine minutes of the third period. — The Sabres have placed defenseman Zach Bogosian on waivers. The move comes months after Bogosian asked to be traded and opens a spot on Buffalo’s blue line for young players. Bogosian has five points in 19 games this season and is in the final year of his contract.PGA-GENESIS INVITATIONALKuchar 2 upLOS ANGELES (AP) — Matt Kuchar (KOO’-chur) will carry the lead heading into the third round of the PGA’s Genesis Invitational at Riviera.Kuchar followed Thursday’s 64 with a 2-under 69 that leaves him 9 under for the tournament. He’s two shots ahead of Harold Varner III, Rory McIlroy and Wyndham Clark. Newly-acquired forward Jason Zucker notched his first two goals as a Penguin to lead a 4-1 win over the Canadiens. Zucker scored his 15th and 16th of the season in a 1:42 span late in the second period, with Montreal’s Brendan Gallagher getting a goal in between.Kris Letang (leh-TANG’) scored a power-play goal and Zach Aston-Reese added an empty-netter as the Pens pulled within three points of the division-leading Capitals. Sidney Crosby had three assists, giving him points in nine of 11 games since returning from core muscle surgery.Elsewhere on NHL ice:— Nino Niedereitter (NEE’-dur-eye-tur) and Martin Necas (NAY’-chas) each had a goal and an assist in the Hurricanes’ third win in four games, 5-2 over the Devils. Andrei Svechnikov (SVEHCH’-nih-kahv) scored on a perfectly executed rush in the second period to push his point streak to six games. Petr Mrazek finished with 35 saves as Carolina climbed within two points of Philadelphia and Columbus in the battle for the two Eastern Conference wild-card slots.— The Blue Jackets absorbed a 3-1 loss to the Rangers as Chris Kreider broke a 1-1 tie with 3:12 remaining. Alexandar Georgiev (GUR’-gee-ehv) had 36 saves in the Rangers’ fourth straight win and seventh in their last nine games. Elvis Merzlikins (murz-LEE’-kihnz) had 25 saves for the injury-ravaged Jackets, who are 0-2-2 in their last four since a 10-game point streak. Update on the latest sports Assistant Dean Evason (EV’-ah-suhn) was named the Wild’s interim coach and will make his NHL debut behind the bench Saturday against San Jose.Boudreau was 158-110-35 in three-plus seasons with Minnesota, reaching the playoffs in his first two years with the team.In other NHL news:— The Blues say Jay Bouwmeester (BOH’-mees-tur) has undergone surgery to insert a defibrillator to restore his heart’s normal rhythm. The veteran defenseman collapsed on the bench during a game in Anaheim this week. General manager Doug Armstrong says the procedure was performed at the UC Irvine Medical Center.— Oilers forward Zack Kassian was suspended seven games by the league for kicking an opponent in the chest. Kassian swung his right leg and kicked Tampa Bay forward Erik Cernak in the chest during a game Thursday night. Kemp says he was asked by teammates whether he wanted to be part of the scheme following his recall in September 2017, but he declined and says he didn’t feel further pressure to do it. He says he tried to keep his head down and play hard without really concerning himself with it.He said what Houston did was wrong, and when asked whether the ‘17 World Series title is tainted, noted: “That’s a good question, everyone’s going to have their own speculations about it, everyone’s going to have their own opinions about it, everyone’s going to have their own opinions about it. I’m not sure.”In other MLB news:— Mariners outfielder Mitch Haniger isn’t likely to take the field anytime soon following his second surgery in less than a month. The Mariners say the 2018 All-Star had a lower back procedure Thursday that followed core surgery in January. Both are related to a ruptured testicle sustained in a game last June.— All-Star closer Josh Hader lost his salary arbitration case against the Brewers, dropping players to 1-6 in hearings this year. Hader will earn $4.1 million rather than his $6.4 million request. Hader earned $687,600 last year. He had 37 saves in 44 chances and went 3-5 with a 2.62 ERA in his second straight All-Star season. He failed to hold a 3-1 lead in the eighth inning of the NL wild-card game. Miles Bridges took game MVP honors while scoring 20 points on 8 of 12 shooting to send the U.S. to a 151-131 rout of the World. Bridges had the fans cheering late in the third quarter when he flipped the ball off the glass and jammed it home while the U.S. was taking control. He also had five assists, five rebounds and three steals.Eric Paschall (PAS’-kul) added 23 more for the U.S., while teammate Collin Sexton added 21. First overall pick Zion Williams delighted the crowd with several thunderous dunks as well as two impressive misses in the closing minutes. Williamson attempted a 360, only to have it go flying off the rim.RJ Barrett of led the World with 27 points and Brandon Clarke scored 22. Dallas All-Star Luka Doncic (DAHN’-chihch) drew a big roar from the crowd when he banked a 3 from halfcourt just before the halftime buzzer to send the World to the locker room with an 81-71 lead.The showcase continues Saturday with the 3-point and slam dunk contests.NBA-NEWS Ticketing plan for Kobe Bryant public memorialUNDATED (AP) — The Los Angeles Lakers have announced that fans seeking to attend the Feb. 24 memorial for Kobe Bryant and his daughter, Gianna, at Staples Center must register to purchase tickets and there will be no outside overflow areas.Tickets will be priced at $224 each, two for $224 and $24.02 each — combinations of numbers that like the date, 2/24, represent the No. 24 worn by Bryant and the No. 2 worn by Gianna on her girls basketball team.Proceeds from the ticket sales will benefit the Mamba and Mambacita Sports Foundation.In other NBA news: Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA ALL-STAR WEEKENDUS beats World in Rising Stars ChallengeCHICAGO (AP) — The NBA’s All-Star Weekend tipped off in Chicago last night with the Rising Stars Challenge, featuring the league’s rookie and second-year players. In other NFL news:— The Redskins have released cornerback Josh Norman, who struggled to live up to the $75 million, five-year contract he signed in 2016 after an All-Pro season in Carolina. The release comes with one year left on Norman’s contract and frees up $12.5 million in salary-cap space. The team also cut wide receiver Paul Richardson after two disappointing, injury-plagued seasons. Varner and Clark stayed close by shooting 68s, while McIlroy fired a 67. They are one ahead of a host of players that includes Adam Scott, who shot a 64.Vaughn Taylor, Russell Henley and Sung Kang join Scott in a group at minus-6. That group doesn’t include Tiger Woods, Brooks Koepka (KEHP’-kuh) or Jordan Spieth (speeth), each of whom barely made the cut at even par.Phil Mickelson, Bubba Watson, Jason Day, Justin Thomas and Francesco Molinari are among those who missed the cut. Day imploded on Friday, carding a 76 that left him 2 over.LPGA-WOMEN’S AUSTRALIAN OPENInbee Park takes 3-stroke lead at Women’s Australian Open NFL-NEWSRavens lineman suspended 4 games for PED useUNDATED (AP) — Baltimore Ravens offensive lineman James Hurst has been suspended for the first four games of the 2020 season for violating the NFL policy on performance enhancers.Hurst is eligible to participate in all preseason practices and games. He will be allowed to return to his team’s active roster on the Monday following the team’s fourth game.Signed as a rookie free agent in 2014, Hurst played in all 16 regular-season games for the Ravens last season, with two starts at left tackle. He was part of an offensive line that paved the way for an NFL-record 3,296 yards rushing in 2019. — Kobe Bryant was one of eight finalists announced as candidates for enshrinement into the Basketball Hall of Fame later this year, a decision that came as absolutely no surprise in his first year of eligibility. Joining Bryant as first-time finalists for the Hall: 15-time All-Star Tim Duncan, fellow 15-time All-Star Kevin Garnett and 10-time WNBA All-Star and four-time Olympic gold medalist Tamika Catchings. The other finalists have all been to this point previously.— Former President Barack Obama — a huge basketball fan, officially the game’s First Fan during his eight years in office — made an unannounced appearance at an NBA Cares event during All-Star weekend in his hometown of Chicago. The event was for volunteers to fill several backpacks with school supplies.NHL-SCHEDULEPens creep closer to CapsUNDATED (AP) — The Pittsburgh Penguins continue to cut into the Washington Capitals’ lead in the NHL’s Metropolitan Division.last_img read more

J-D boys win streak hits 11; ESM falls to Liverpool in OT

first_imgAll it took for the Jamesville-DeWitt boys basketball team to reclaim its normal spot in the state Class A rankings was a nine-game win streak and a blowout over the East Syracuse Minoa side it lost to earlier this season.Still, the Red Rams, at no. 26, were only three spots ahead of the Spartans (no. 29) in that state poll, and both looked to impress during the last full week of the regular season.The key game for J-D was Friday’s rematch with a Central Square side it had beat 54-37 in December but now sported the same 15-4 record that the Rams did. Tags: boys basketballESMJ-D Here was where J-D’s defense took charge, holding Central Square without a field goal for more than six minutes and staying patient with its attack, which would pay off.The Rams outscored the Redhawks 11-3 early in the final period, and Payton Shumpert led them. Of his 17 points, 10 of them came in the fourth quarter as Autry added 11 points and Preston Shumpert had 10 points.Prior to that, J-D went to Auburn Tuesday night and, against a Maroons side it fought hard to beat 66-61 on Jan. 17, did much better in the second encounter.The Rams won 78-57, and what made it more impressive was that Auburn started well, leading 19-14 after one period before J-D took over in the middle stages, outscoring the Maroons 45-21 in the middle two quarters.Payton Shumpert, with 22 points, and Preston Shumpert, with 18 points, led the way again, but John Withers was close behind them, earning most of his 17 points from four 3-pointers as Autry got eight points.ESM, a week removed from the loss to J-D, was back in winning form last Tuesday as, hosting Cortland, its defense smothered the Purple Tigers for long stretches on the way to a 68-33 victory.Steadily, the Spartans pulled away from Cortland in the first two quarters, gaining a 45-16 advantage. Eventually, all nine players that saw action got at least one field goal.Devin Mascato-Buffaloe led ESM with 18 points, hitting on four 3-pointers. Nick Peterson had 12 points, with Jimmy Ferns getting eight points as Joe Copp and Stevie Graham had seven points apiece.With its own game against Central Square looming on Tuesday right before the Section III playoff pairings were announced, ESM would host Liverpool Friday in a non-league clash – and it proved a thriller.Down 29-24 at halftime, the Spartans caught up in the third quarter and seized a 42-41 lead when Mascato-Buffaloe hit a 3-pointer as the period ended.They went back and forth from there, ESM leading 55-53 on another Mascato-Buffaloe 3-pointer with two minutes, but Liverpool regaining the lead before the Spartans tied it in the final seconds.Only in the four-minute OT period did the Warriors go in front for good, handing ESM a 68-65 defeat despite Mascato-Buffaloe’s 25 points, plus 16 points from Naiche Cook as Peterson added 11 points. Romeo Clarke (22 points) and Jacob Works (20 points) paced Liverpool.In other weekend action, Bishop Grimes lost, 57-54, to Syracuse Academy of Science despite Joe Wike’s 21 points, but Manlius-Pebble Hill pulled out a 69-64, double-overtime victory over Port Byron a night after it lost 71-49 to Cato-Meridian.Against Port Byron, the Trojans rallied from a 36-20 halftime deficit and outscored the Panthers 17-7 in the fourth quarter to get it to OT. Winning it required Shontez Anderson to earn 26 points and 20 rebounds along with Alex Abrams earning 20 points.Share this:FacebookTwitterLinkedInRedditComment on this Story center_img Despite all the improvement the Redhawks had made, though, its nine-game win streak ended at the Rams’ expense as, by a 53-40 margin, J-D extended its win streak to 11 adn proved it could win an important game in a style other than one with which it was comfortable.Having started out 18-7, the Rams hit a lull in the waning seconds of the first quarter when it stalled for the last shot of the period, only to have Central Square’s Braden Eiffe steal the ball and convert a layup on the other end.That sparked a 9-0 run for the Redhawks, and the Rams, held to four points in the second period, only led 22-18 at halftime.last_img read more