89SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Shazia Manus At AdvantEdge Analtyics, Shazia Manus applies a futurist view to the field of analytics, helping credit unions discover new possibilities for exceptional member experiences. Prior to joining CUNA Mutual Group … Web: advantedgeanalytics.com Details Three practical methods for injecting financial support into the lives of promising young women across the globe are scholarship, microfinance and equal pay. Each of these approaches is already helping advance female leaders to deserving success. With more involvement from the credit union movement, this advancement will continue – both here in the U.S. and globally.ScholarshipFinancial assistance not only helps a deserving female get to college; it can also help young women pursue a career in law, medicine or other advanced-degree professions they may not otherwise be able to afford. What’s more, scholarships awarded to women present a better return on investment, as women are more likely than men to complete college and attend graduate school. Without the burden of student loans, these women can more readily leverage the income generated by higher-level careers to help finance the next generation of college graduates.For many young women, scholarships represent more than money. As one young woman studying to be a nurse explained, they also build confidence and a sense of community responsibility: “It wasn’t just the financial help; their support gave me hope, knowing there were people I didn’t know who believed in me, and I wasn’t going to let them down.”What credit union leaders can do: Explore ways to develop or support scholarship programs for up-and-coming female leaders, social entrepreneurs and others who have the potential to reshape their corners of the world.MicrofinanceMicrofinance is a word used to describe broad financial services for entrepreneurs and others lacking access to traditional credit and other banking services. Microcredit is among these services, and with loans as low as $125, it has proven to be life changing in many parts of the world.The beauty of microfinance is the beneficiary decides how to put the funds to the most impactful use. The Women’s Microfinance Initiative (WMI) explains it best: “While third-party institutional aid programs that try to dictate development in emerging nations from the top down have historically failed, microfinance has the promise of promoting in-country development from the bottom up. The key is focusing on improving the capacity of motivated local populations – the very people who are most vested in promoting long-term, lasting economic improvements in their families, communities and countries.”What credit union leaders can do: Look for opportunities to invest in credit union development and microfinance institutions (MFIs). Such an investment may be an altruistic effort aimed at empowering more women; it may also provide a financial return.Equal pay When women earn more, they are empowered to save more. As Sallie Krawcheck, formerMerrill Lynch and Smith Barney CEO and current chair of Ellevate Network, has said, “The retirement savings crisis is also a woman’s crisis.”Today, women retire with two-thirds the savings of men, yet they live six to eight years longer. Naturally, this leads to higher medical costs during a time of their life when 80 percent of women are single. “And it may actually be getting worse,” writes Krawcheck. “Because retirement savings tend to be driven by lifetime wages, we may be moving in the wrong direction, as women’s labor force participation declines.”What credit union can do: Conduct regular salary audits to proactively monitor and solve any gender-based pay differences that may exist within your organizations.ConclusionAnne Sweeney, co-chair of Disney Media Networks and president of Disney-ABC Television Group, said, “The smartest thing you can ever do is to constantly ask questions.” Ask what role you and your organization can play in the formation of scholarship, microfinance and equal pay initiatives. But don’t stop there. Allow your curiosity free reign. Ask yourself what you – an ambitious individual full of your own potential – need and then strive to meet that need for others. The results will be cumulative, and more women in the credit union movement will achieve their dreams, ultimately improving the financial lives of more people around the world.This article is an excerpt from a white paper co-authored by Shazia Manus, CEO of TMG (The Members Group) and Calyn Ostrowski, Worldwide Foundation Executive Director, World Council of Credit Unions. The full paper can be found here.
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The tour has been on hold since the South African Women’s Open finished on March 14, with the next scheduled event the Jabra Ladies Open at the Evian Resort Golf Club in France from June 18-20. Topics : The first women’s professional golf event to be staged in Saudi Arabia has been rescheduled for Oct. 8-11 after it was postponed last month due to the coronavirus pandemic, organizers have confirmed.The Saudi Ladies International, which is part of the Ladies European Tour (LET), will be hosted at the Royal Greens Golf & Country Club with a purse of $1 million, and is the first of its kind to be held in the kingdom.”We have been extremely impressed by Golf Saudi’s commitment to working through the challenges and making this historic event happen,” Alexandra Armas, LET CEO, said in a statement on Tuesday.
Palm Beach County can expect wet weather through the weekend before we dry out as Christmas approaches, according to the National Weather Service.A low-pressure system that is developing in the Gulf of Mexico could cause storms and tornadoes in South Florida beginning on Saturday. The NWS in Miami predicts we will see severe storms, heavy rain and flooding through Sunday.East winds of 15 mph are expected throughout weekend, with high gusts into the low 30s on Saturday night. Wind speeds should fall on Sunday morning to a high between 10 and 15 mph.Marine conditions will include wind speeds as high as 35 knots all weekend. The weather service issued a gale watch for the Atlantic that began Thursday night, and advises that the risk of rip currents in the ocean will remain high into next week.NWS meteorologist Larry Kelly says waves will remain in the range of 7 to 9 feet during the weekend, before subsiding early next week.Graphic courtesy: WPEC/CBS12Another cold front is forecast to reach our region Monday morning, with temperatures dropping into the upper 50s and low 60s near Lake Okeechobee. Temperatures along the Atlantic coast should be warmer, with the high Monday expected to be in the 70s.The cold front will extend into Tuesday. Morning temperatures are predicted to be in the upper 50s and low 60s, rising to the 70s as the day progresses. Both Christmas Eve and Christmas Day should remain sunny.
If you are in North Central Florida this weekend and are hearing loud booms, not to worry. The U.S. Naval Air Station in Jacksonville explains the sounds are related to training exercises the Navy is conducting in the Ocala National Forest.Navy training schedules indicate that live and inert bombing is taking place at the Pinecastle Range Complex from Friday through Sunday of this weekend, between 11 a.m. and 11 p.m. each day.“During bombing periods wildlife may be temporarily displaced,” reads a statement from NAS Jacksonville. “Use extra caution when driving through the Ocala National forest and surrounding areas. Secure any items around your residence that could attract wildlife. Always be mindful of larger animals including black bears and practice bearwise measures.”Noise from past bombings has been reported in Flagler, Lake, Marion, Putnam and Volusia counties. The telephone number to file noise complaints is (800) 874-5059, Fleet Area Control and Surveillance Facility, Jacksonville, Florida.