Job DescriptionAdministers and manages clinical science sessions for years 1 &2. Provides support for all required software products and coursemanagement systems. Manages the collection, organization andreporting of all data required for students and faculty processesfor the clinical science domain. Plans and manages LACE andultrasound recruitment, orientation, materials and communication.Designs and implements protocols, cases, scoring, feedback onperformance based teaching and assessment. Collaborates acrossunits of the institution. Opportunity to learn new software thentrain faculty and learners on software processesRequired Qualifications• Bachelor’s degree in education, applied sciences, instructionaltechnology or related field.• Significant experience in a healthcare or higher educationsetting.• High level of organizational skills and attention todetail.• Ability to efficiently manage multiple projects and respond tochanging priorities.• Excellent teamwork and communication skills.Preferred Qualifications• Master’s degree.• Experience with assessment and data analytics.• Experience with standardized patient programs andsimulation.Appointment TypeRegularReview Date11-6-2020Additional InformationThe successful Candidate will be required to have a criminalconviction checkAbout Virginia TechDedicated to its motto, Ut Prosim (That I May Serve),Virginia Tech pushes the boundaries of knowledge by taking ahands-on, transdisciplinary approach to preparing scholars to beleaders and problem-solvers. A comprehensive land-grant institutionthat enhances the quality of life in Virginia and throughout theworld, Virginia Tech is an inclusive community dedicatedto knowledge, discovery, and creativity. The university offers morethan 280 majors to a diverse enrollment of more than 36,000undergraduate, graduate, and professional students in eightundergraduatecolleges , a school ofmedicine , a veterinarymedicine college, Graduate School , and Honors College . The universityhas a significant presence across Virginia, including the Innovation Campusin Northern Virginia; the Health Sciences and Technology Campus inRoanoke; sites in Newport News and Richmond; and numerous Extension offices andresearchcenters . A leading global research institution, Virginia Techconducts more than $500 million in research annually.Virginia Tech does not discriminate against employees, students, orapplicants on the basis of age, color, disability, sex (includingpregnancy), gender, gender identity, gender expression, geneticinformation, national origin, political affiliation, race,religion, sexual orientation, or veteran status, or otherwisediscriminate against employees or applicants who inquire about,discuss, or disclose their compensation or the compensation ofother employees or applicants, or on any other basis protected bylaw.If you are an individual with a disability and desire anaccommodation, please contact Lisa Howard at [email protected] during regular businesshours at least 10 business days prior to the event.Advertised: October 16, 2020Applications close:
Lord Reed, Deputy President of the Supreme Court of the United Kingdom, delivered the inaugural Dover House lecture on the evening of Wednesday 27 February 2019. The text of his lecture, titled “Scotland’s Devolved Settlement and the Role of the Courts” is available for download as a PDF.
Global tax rules do not reflect the digital age, Chancellor to warn world leaders Keidanren is the largest and most influential Japanese business organisation, comprising 1,412 major companies, 109 industrial associations and 47 regional economic organisations. Chancellor will also meet with the leaders of the Japanese business federation and Japan’s big banks to discuss future opportunities from the UK-Japan relationship Britain’s future outside the EU depends on the strong partnerships we build with our friends and neighbours across the world. In Japan, I will further strengthen our successful economic relationship by showcasing how we’re embracing the new economy and champion our world-class expertise in tackling the challenges posed by the digital revolution. I will also meet with my G20 counterparts to reaffirm the need for global reform of the international corporate tax framework, to ensure it is fit for the future. The Infrastructure and Projects Authority, the UK’s centre of expertise for the delivery of infrastructure and major projects, has provided support to over 60 governments on infrastructure planning and delivery, and is working to promote the G20 Principles for the Infrastructure Project Preparation Phase – a key element of quality infrastructure endorsed by the G20 in 2018. The Chancellor set out details in last year’s Budget for a Digital Services Tax – a tax on the revenues of certain online business models. But he made clear then that an international agreement would be the best solution to ensure that digital platform businesses that generate substantial value in the UK pay their fair share of tax.Alongside Japanese, Chinese, French, and American counterparts, the Chancellor will reaffirm the UK’s commitment to reaching an international agreement on reforms to the international corporate tax framework for digital businesses.Building on a recent report from the Global Infrastructure Hub – a G20 initiative – which noted that the UK is a ‘pioneer of project delivery globally’, the Chancellor will also push for the adoption of a set of shared principles for global quality infrastructure investment. The G20 Principles for Quality Infrastructure Investment will support efforts to close the infrastructure financing gap and drive sustainable growth.The Chancellor will also hold talks with Finance Ministers of some of the largest global economies, including for the first time India’s new Finance Minister Nirmala Sitharaman. They’ll discuss the challenges facing the global economy and cooperation post-Brexit.Finally, in Tokyo the Chancellor is also set to meet with senior figures in Keidanren (the Japanese Business Federation) and the CEOs of some of Japan’s largest businesses and banks, including Masayoshi Son, Founder and CEO of Softbank. They’ll discuss how the UK will maintain and strengthen its future economic ties with Japan – the world’s third largest economy – long after Brexit.Japan was the UK’s 4th largest trading partner outside of the EU in 2018. Total trade in goods and services (i.e. exports plus imports) between the UK and Japan was £29.5 billion by the end of Q4 2018, 8.5% more than 2017.The International Trade Secretary is also attending G20 meetings in Japan this weekend to address global trade tensions and advance reform of the WTO, including on digital trade rules that are fit for the 21st century.Further Information The UK used its Presidency of the G8 in 2013 to initiate the first substantial renovation of the international tax standards in almost a century. The ‘BEPS package’ initiated then is a series of concrete measures to help countries tackle businesses shifting their profits around to limit their tax bills. World leaders must follow the UK’s lead and work together to ensure global tax rules keep up with the times, the Chancellor will stress at a meeting of Finance Ministers from major economies around the world in Fukuoka, Japan (7 June).The digital revolution has transformed how we do business, but the international corporate tax system is outdated, the Chancellor will say during the meeting of G20 Finance Ministers and Central Bank Governors. He will also outline the benefits brought by digitalisation to the UK economy and beyond, but warn that a plan needs to be agreed to tackle the way tech multi-nationals are taxed, because change is too slow.Chancellor of the Exchequer, Philip Hammond said:
Janis Joplin and the Grateful Dead are two key figures of the American ’60s counterculture. Joplin, the sultry psychedelic rocker from Texas, made her way to San Francisco in 1963 at the age of 20, eventually joining Big Brother and the Holding Company in summer of 1966. Around that time, Joplin had her first encounters with the members of the Grateful Dead, and both bands frequently partied together, given their close living quarters. Eventually, Joplin became close with the Grateful Dead’s founding member and keyboardist, Ron “Pigpen” McKernan, and the two began a short romantic relationship.However, while Joplin and Pigpen’s romance was brief, it marked the start of a relationship between her and the band that would last until her death in 1970. One landmark moment in both artists’ histories happened on this day in 1969, when Janis Joplin joined the Grateful Dead for the first of two known performances. During this legendary June 7th, 1969 show, Joplin appeared at the end of the Grateful Dead’s set at Fillmore West, adding her powerful vocals into the mix and helping Pigpen sing Bobby “Blue” Bland‘s classic rhythm and blues tune, “Turn On Your Lovelight”.You can listen to Janis Joplin and the Grateful Dead’s collaboration on “Turn On Your Love Light” along with the rest of the Dead’s performance from this day in 1969 at San Francisco’s Fillmore West. Enjoy! [Audio: A.J. Fink and Seth Kaplan]Setlist: Grateful Dead | Fillmore West | San Francisco, CA | 6/7/1969Set: Dire Wolf, Dupree’s Diamond Blues, Mountains Of The Moon, Dark Star-> Saint Stephen-> The Eleven-> Sitting On Top Of The World-> Cold Rain & Snow-> Doin’ That Rag, Me & My Uncle, Turn On Your Love Light*
Hoping to spur innovation at Harvard and in the surrounding community while providing a spark for the economy, the Harvard Business School (HBS) announced plans Thursday (Oct. 14) for two building projects, one aimed at training new global leaders and the other at fostering entrepreneurship.At an afternoon press conference on the HBS campus, Dean Nitin Nohria announced that the Tata Companies, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, which are philanthropic arms of the Tata Group, India’s largest company, are donating $50 million to the School.The gift, the largest from an international donor in the School’s history, will fund a new HBS facility to support the School’s broad range of executive education programs.“Ratan Tata knows firsthand the transformative educational opportunities offered through Harvard Business School’s executive education programs,” said Harvard President Drew Faust. “Thanks to this generous gift, HBS will be able to expand its already robust offerings in executive education, deepening ties with leaders across the country and around the globe.”Calling it a privilege and a pleasure to “give back to Harvard a little bit of what it gave to me,” Ratan Tata, chairman of Tata Sons Ltd., said he hoped the new facility would both encourage and inspire future leaders to take advantage of the executive education offerings at HBS.Tata attended the Advanced Management Program in 1975, one of three executive leadership programs offered by HBS.Nohria said Tata’s generous gift offers HBS the opportunity for its pioneering executive education program to take an important “step forward.”Founded in 1868, the Tata Group comprises more than 90 companies in seven business sectors: communications and information technology; engineering; materials; services; energy; consumer products; and chemicals. Known for its innovative philosophy, the international corporation has created pioneering innovations like the new Tata Nano, a $2,500, two-cylinder car that seats four and gets 55 miles to the gallon.Officials hope to break ground next spring for the new academic and residential building, to be named Tata Hall, with completion scheduled for the fall of 2013. The building will be situated on the parcel in front of Kresge Hall, facing Soldiers Field Road.Additionally, Nohria announced creation of the first-of-its-kind innovation center in Allston, a vital resource to help stimulate collaborative creativity and entrepreneurship across the University’s Schools, at HBS, and throughout the Boston community.“This will be an opportunity for all of Harvard to come together,” said Nohria, to collaborate in “this new spirit of one Harvard.” Nohria said the new lab and the ventures it inspires will “become an important part of the innovation engine that Boston needs to be to remain a great city.”Funded by HBS, the Harvard Innovation Lab (Hi-Lab) is scheduled to open in the fall of 2011 on Western Avenue in the Allston building that formerly housed public broadcaster WGBH.In the facility’s first phase, the site will open to undergraduate and graduate students from across the University, providing student teams working on their ventures with study space, along with access to and support from entrepreneurs-in-residence, faculty, and administrators. It also will offer entrepreneurship and innovation programming.The second phase of the launch will include collaborations involving the lab, small businesses, and local entrepreneurs.Boston Mayor Thomas M. Menino, who has made innovation a hallmark of his fifth term in office and recently backed creating an “innovation district” along the South Boston waterfront to spur business development, praised Harvard’s new initiatives as important drivers of the economy.Such projects, he said, help with economic momentum by generating jobs, reinvigorating Allston, and helping Boston to “build on its status as a leader in the global economy.”Boston Mayor Thomas M. Menino (standing at podium) joined Harvard in announcing the University’s first lab for innovation and entrepreneurship, which will open in fall 2011 in Allston. Harvard Business School (HBS) also announced a $50 million gift from Ratan Tata (center), the chairman of Tata Sons Ltd., which will support a new executive education building. “Our goal is to drive innovation by connecting entrepreneurial teams, not only across the Charles River, but nationally and internationally, in an interdisciplinary approach to creating viable business ventures and social initiatives,” said HBS Dean Nitin Nohria (right). Stephanie Mitchell/Harvard Staff Photographer
Over the weekend, Saint Mary’s Class of 2019 participated in Belles Beginnings, the College’s orientation program, to help ease students into college life along with the peer mentoring program. Student body president Kaitlyn Baker said Belles Beginnings provides students with resources and knowledge to help them move from high school students to college women while giving them the opportunity to meet other first years.Belles Beginnings commenced Thursday when the newest members of the College moved into their residence halls, Baker said. A matriculation ceremony, small group meetings hosted by Peer Mentors, and the presentation of Sex Signals took place Friday, followed by different presentations regarding campus life, study abroad and other important topics on Saturday. The evening culminated in PlayFair and Domerfest on Saturday night.“The events throughout the weekend allowed students to meet each other in large group settings to bond as a class and in smaller groups to get to know each other as individuals,” Baker said.Senior Maranda Pennington works as a peer mentor to first year students. As a mentor, she helps the first-year students transition to the College by offering advice and answering any questions they might have about academics, student life or anything about Saint Mary’s, she said.Pennington said she hopes students learn that “it’s more than okay to ask questions and feel a little clueless at times.” She also hopes students learned Saint Mary’s students are surrounded by wonderful peers and professors who want to help them become successful women. “It helps so much [to have a peer mentor] because they’re actually getting a student perspective on everything rather than just being preached at by staff,” Pennington said. “It’s easier for them to relate and talk to someone who has gone through it and is closer to their age. … The first few weeks of college are such a stressful and vulnerable time. Having a peer mentor to support you in any way they can through that process is vital.”During the weekend, students split their time between their peer mentors and various other programming sessions. With their peer mentors, first years participated in small group discussions and ice breakers to get to know each other, Pennington said. “Overall, I tried to keep the environment very relaxed because I know how nervous they probably were,” Pennington said. “I’m really excited to show my students why I love Saint Mary’s so much and also help them be successful and happy here.”First-year student Emily Scott said she wanted to come to the College because of the strong community feeling. Scott said she “found that you meet new friends more easily when you’re not necessarily looking for friends. They kind of come to you.”Nina Hartman, also a first year, said she learned more during orientation than she thought she would.“Not only have I learned important information like how to stay safe and take care of myself, I also learned what the greatness and importance of being a Belle really is through getting to know new classmates during peer mentor meetings, Mass, Domerfest and many more fun activities,” Hartman said.Hartman said she is excited to join the community at Saint Mary’s.“Not only is the campus beautiful, but the people here are beautiful as well, inside and out,” Hartman said. “Everybody is so kind and welcoming, which I love. I really can’t imagine myself anywhere else but here for college. The Saint Mary’s community is one that I’ve been wanting to join for a long time now, and I’m ecstatic that I can finally be called a Belle.”Tags: Belles Beginnings, Class of 2019
Throughout his career, bluesy songsmith Seth Walker has lived in some of America’s most musical cities: Austin, Nashville, and, currently, New Orleans. But to make his new album, the September-released Gotta Get Back, he decided to revisit the influence of his youth growing up in the piedmont region of North Carolina.Walker was raised on a commune just north of Greensboro. His parents were classical violin teachers, who taught him his first instrument, the cello. But with his mom, dad, and sister, he shared a log home with another family, who also introduced him to the great Texas troubadours like Willie Nelson and Guy Clark. Add in the blues guitar Walker started playing as a student at East Carolina University and it’s easy to understand how he developed a broad roots-based sound as he moved around the South.Family, though, is at the heart of his new album. While writing the songs for Gotta Get Back, his ninth album, Walker played his dad early sketches of the tunes and asked him to arrange string parts. Then after initial recording at Zac Brown’s Southern Ground studio in Nashville, Walker gathered his parents and sister back in North Carolina to add layers to the album at a studio in Chapel Hill. The bond is felt strongest on “Back Again,” a clap-along gospel number so smoothly unified it makes it hard to believe Walker and his family hadn’t played music together in 20 years, when his parents separated.“Getting my family involved made it complete,” Walker said of the recording. “We just put the past aside and played music. It was heavy, but beautiful.”That redemptive spirit lingers throughout most of the new album, which was produced by Jano Rix, Wood Brothers’ drummer and keyboardist. Walker looks to the future through an airy folk-rock groove in “Movin’ On” and sings with hearty optimism in “Turn This Thing Around.”In the title track he sings,” I’ve gotta get back, before I can move ahead.” The album started coming together when Walker was living in Nashville, and he found himself writing songs to potentially impress the Music Row establishment, which ultimately left him feeling creatively compromised. Now recording for the independent label Royal Potato Family, whose roster includes fellow adventurous artists like Garage A Trois, Marco Benevento, and underground jazz legend Steven Bernstein, Walker feels rejuvenated after recently reuniting with family and digging into his musical roots.“I was feeling the teeth of the music business machine, and it was rubbing me wrong,” he said. “I felt like I was calculating my music a little bit, so I made a conscious effort to get back to the reasons why I started doing this in the first place.”Walker will mostly be living in his van throughout the rest of the fall, as he zig-zags around the Midwest, Mid-Atlantic, and Southeast. When he’s off the road, he now hangs his fedora in New Orleans. The new album track “Fire in the Belly,” a gritty, Meters-style funk tune that shows another side of an artist who—after some self-reflection—seems to be in the right place.“People down here eat, sleep, and breathe music,” Walker says of his new home. “It’s a syncopated city. Just being here is definitely influencing my songs.”
Meanwhile, the Long Island Expressway reopened after an eight-hour driving ban enforced by New York State. The ban was scheduled to be lifted at 5 a.m., but Gov. Andrew Cuomo decided to extend the road closure until 8 a.m., citing safety reasons.“Safety remains our top priority,” Cuomo said early Friday. “I urge all New Yorkers to take every precaution as we wait out the remainder of this winter storm. Check on your neighbors and loved ones, and only travel if absolutely necessary.”Cuomo later defended his decision to close state roads, including the LIE, saying it was “the right call.”“We had far fewer people stranded on roads,” Cuomo said, apparently referring to last February’s blizzard, which stranded dozens of drivers, some overnight. Cuomo on Thursday denied that last year’s blizzard played any role in his decision to close roads this time around.He described it as “a balancing of the risk against the cost,” adding, “I think it was a clear-cut decision.”All other state roads remained open, but suffered from snow and icy conditions that limited travel. Visibility was also at a half-mile or less at times, making travel difficult.The Long Island Rail Road, which is running on a weekend schedule, continues to battle scattered 10 to 15 minute delays on the Ronkonkoma and Port Jefferson branches. The freezing temperatures have also created ticket processing problems at several branches, the LIRR said. Customers instead can buy tickets on the train for the lower satiation fare, the railroad said on its website.The powerful storm also scuttled air traffic with John F. Kennedy Airport briefly closing the airport Friday morning. It reopened just after 10 a.m., but the Port Authority website was reporting dozens of cancellations or delays. LaGuardia Airport was also suffering from similar weather-related cancellations and delays.Flights were scheduled to resume at Long Island MacArthur Airport after 11 a.m., the airport reported. PSEG Long Island, which took over LIPA’s power grid on Jan. 1, was reporting minimal outages Friday. Only twenty-four customers were in the dark as of 11:17 a.m., its website reported.During his conference call, Cuomo commended the efforts of both Nassau County Executive Ed Mangano and his counterpart in Suffolk, Steve Bellone.He noted that PSEG Long Island and other utility companies “performed well overnight,” before taking a swipe at LIPA for its “less than admirable” job during previous storms.But, Cuomo said, “We’re not out of the woods yet.”Forecasters and local officials are already looking to Sunday’s forecast, which includes temperatures finally rising above freezing.When Babylon Supervisor Schaffer was asked if there’s any good news, he laughed and quipped: “That’ll it’ll be 40 on Sunday!”[View the story “Photos of Nor’easter that Slammed Long Island” on Storify] Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The aftermath of the nor’easter that dumped up to a foot of snow on Long Island. Photo taken at Reynolds Channel. (Photo credit: Joe Abate)Hercules, Hercules, Hercules!A powerful nor’easter roared into Long Island overnight and dumped up to a foot of snow on some areas as it enveloped LI in bone-chilling temperatures and howling winds that hampered snow removal efforts in both counties.The storm, dubbed Hercules by The Weather Channel, teased Long Islanders all day Thursday before blasting its way through the area late in the evening. The storm brought near-blizzard like conditions and sent temperatures plummeting into the teens. Once the wind chill was factored in, some communities were swallowed up by temperatures ranging from five to 10 degrees below zero.“It’s certainly a bitter, dangerous type cold,” National Weather Service meteorologist David Stark said Friday morning.Indeed, the big difference in this storm compared to last February’s record blizzard, which dumped upwards of 30 inches of snow on LI, was the biting, numbing cold, which is expected to continue all day Friday—even dropping to the teens in the evening, Stark said.“You want to limit your exposure,” he added.Snowfall tapered off by late Friday morning, the NWS said.The storm forced schools across the Island to cancel all classes and activities, officials said.Local colleges also made the decision not to open their doors Friday.New York Gov. Andrew Cuomo held a post-storm conference call with reporters at 11 a.m. Friday and said, “Mother Nature has moved on, somewhat. The snowfall is over.”Officials said there were “minimal” accidents across the state, though they did confirm that a fatal crash involving a female driver on the Southern State Parkway around 7:30 p.m. Thursday was weather-related. Police said the woman crashed near Exit 39 after losing control of her car and slamming into a tree. The weather was also being blamed for a fatal crash on the New York State Thruway, officials said.The nor’easter raged overnight when most people were already safe at home, but it made life extremely difficult for the hundreds of workers battling the blistery weather to plow and salt streets to try and make roads passable come sunrise.Snowfall amounts in Nassau County ranged from 6 to 11 inches and 7 inches to a foot in Suffolk, Stark said. But, some areas saw higher snowfall amounts, he noted.Snow-covered trees in Island Park. (Photo credit: Joe Abate)Up to 12 inches fell on North Babylon, according to the agency’s unofficial snowfall report, and more than 6 inches in a dozen other areas. Eleven inches was recorded in Oceanside in Nassau.Despite assurances from local government that plows would be hitting the roads at the onset of the storm—and in some cases before—many residents woke up to snow-packed streets, some barely passable.But, multiple officials from both counties told the Press that snow removal efforts were hampered by an incessant blowing wind that frustrated crews who passed over roads multiple times only to discover that streets were once again completely blanketed by blowing snow.“The trucks are out there, they’re working hard but it’s difficult to keep up with the situation,” said Suffolk Fire, Rescue and Emergency Services Commissioner Joe Williams, adding that crews hit all county roads by the morning.“It’s a very light snow and it’s blowing it back [on] the road right now,” he lamented.The freezing temperatures also made life difficult for crews and made salt ineffective, Williams said. The county, instead, changed over to dropping sand on the roads to help with traction.“None of this snow is going to melt,” by the morning, he added.Some Town of Babylon workers complained that the bitter cold was freezing windshields, making matters worse, according to Babylon Town Supervisor Rich Schaffer.His crews also ran into the same issue of blowing wind nixing any inroads they made during the storm.“Guys were out all night,” Schaffer said, adding that he’s “just hoping that people heed [advice] and stay in today, give us the afternoon to clean up.”Babylon had a fleet of 100 pieces of equipment to deal with 537 miles of town road, he said.The story was the same in the Town of Hempstead, which is responsible for 1,200 miles of town road.“It has been an operational challenge,” Hempstead Town Supervisor Kate Murray said of the wintry mix of snow, wind and icy temperatures. “Residents may wake up and say ‘gee they haven’t been snow plowing yet.’”But they have, she insisted. The town was utilizing more than 250 pieces of equipment and more than 1,000 bodies to tackle the storm. Crews even started salting the roads early Thursday morning in preparation for plummeting temperatures.“They’ll just continue to work steadily right through until the snow’s done and its off the streets.”Schaffer said he expects crews in Babylon to continue working through the weekend.
continue reading » The CFPB on Wednesday issued its final rule modifying the Equal Credit Opportunity Act (ECOA) regulations, which it says will provide added flexibility for mortgage lenders in the collection of consumer ethnicity and race information.NAFCU is reviewing the final rule and will issue a Final Regulation to members.Currently, the ECOA restricts lenders’ ability to ask consumers about race, religion, nationality or sex except as it relates to the required collection of such information for some mortgage applications, subject to certain exceptions, including Home Mortgage Disclosure Act (HMDA) reporting. The CFPB’s final rule aims to give lenders more flexibility in using consistent forms to request the information.In the association’s comments on the proposed rule changes, NAFCU raised the issue of this leading to potentially confusing, dissimilar demographic data and pointed out that the proposed rule was unclear as to the process for evaluating aggregate data. 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,James Lutter D. James (Jim) Lutter is the Senior Vice President of Trading and Operations at PMA Financial Network and PMA Securities where he oversees PMA Funding, a service of both companies … Web: pmafunding.com Details Over the past decade, following the financial crisis, low interest rates and investor risk aversion fueled large core deposit balances across the banking industry. As interest rates have risen, most credit unions are starting to re-evaluate their deposit funding models. With increased competition, technological changes and greater loan demand, credit unions are seeking out new deposit sources to achieve their strategic goals. With these challenges and opportunities, it is time to rethink the stigma of wholesale funding. When used appropriately, wholesale funding can be an effective and stable source of deposit funding.As a refresher, the Great Recession of 2008 brought on the need for regulatory review of how credit unions fund their balance sheets. Through Congressional action (The Dodd Frank Wall Street Reform and Consumer Protection Act), the FDIC was required to conduct a study on the effects of brokered deposits. The “Core and Brokered Deposit” study focused on the role of brokered deposits in the lead up to the Great Recession. The common theme was that troubled credit unions were not utilizing diversified funding sources and were over-reliant on brokered deposits. This enabled rapid loan growth in higher risk assets. The rapid deterioration of asset value (sub-prime housing crisis), coupled with the depth of the recession and the dislocation of inter FI lending exposed the vulnerability of the banking system. The theme coming out of this study was that ALL wholesale/brokered deposits were considered “hot money,” which in times of stress can fuel instability.A major concern with this line of thinking is that it takes a “one-size fits all” approach. The primary focus has been on the “brokered deposit,” and not as much on the source, the “deposit broker.” There are numerous sources that a credit union can take advantage of when receiving brokered deposits and they are not all the same. A few examples of brokered deposit sources include Referral Services, Broker-Dealers, Money Managers, etc. These are considered brokered deposits, but behave differently. For example, in the case of referral services, they typically match advisors or depositors with credit unions. They have a limited relationship with the underlying depositor, thus possess limited knowledge on the depositors investment policy, deposit stability or the impact of stressed situations on the deposits. This differs greatly from that of a Money Manager. The Money Manager is usually involved in establishing a cash flow plan with the depositor, then implementing it based on investment objectives.Brokered deposits can be a good complement to traditional funding when utilized in a prudent manner. This starts by taking the time to understand the source behind the deposit. Prior to participating in the brokered deposit market, an operating plan/template should be constructed outlining rules of engagement, specifically covering the various sources and types of brokered funding, such as:When should brokered funding be utilized?Establishment of concentration limitsDefining the relationship of the deposit broker to the depositorThe deposit broker needs to be vetted to determine their role in the deposit process and ongoing relationship. The more clarity provided at the onset of engagement will help eliminate unexpected surprises during times of stress All in all, brokered funding is an integral part of the deposit market place. It provides stability and fills the voids created during times of volatility in the local depositor base.