When it comes to the record growth of consumer debt, many questions come to mind. What do we know? What can history teach us? What should a credit union do to keep their members safe? According to Federal Reserve data, total U.S. credit card debt has reached $1 trillion, surpassing a previous mark set in April of 2008 just before the Great Recession. For households that carry credit card debt, the average amount per household is now $9,600, which equals 17 percent of an average U.S. household income. The average interest rate on a credit card is 16 percent, and about 24 percent for those with subpar credit, that debt grows between $1,600 and $2,300 each year. Yet, despite growing household debt at potentially increasing interest rates, most Americans appear to be optimistic about the future due to the stable economy and low unemployment. Unfortunately, all it takes is one major set-back in the way of a job loss or major medical situation to turn the tide and create problems for consumers with high credit card debt.What opportunity does this pose to credit unions?Education, financial literacy and debt management is paramount and credit unions are perfectly positioned to provide this to their members. While it is important to continually offer guidance about how to use credit cards, credit unions can make a bigger impact for their members by taking a more member-centric approach. By offering a parachute for members in times of hardship, credit unions will create a huge differentiation in the marketplace. continue reading » 23SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
ELLSWORTH — The Down East Family YMCA boys’ and girls’ basketball teams had solid showings in this weekend’s Sheriff’s Cup tournament held throughout the city.After advancing to the tournament quarterfinals, the DEFY girls’ team reached the last four with a 51-29 victory over Central Aroostook. The team then advanced to the championship game with a 56-45 win over Houlton in the semis before taking second place overall with a 43-34 loss to Nokomis.On the boys’ side, the DEFY A team earned a 59-37 win over Presque Isle in the quarterfinals. The team then lost 68-52 in the semifinals against Skowhegan, which went on to claim the tournament championship with a 49-46 victory over Brewer in Sunday’s final.This year marked the 19th edition of the annual tournament, which drew 33 middle school-level club teams (20 boys’ teams and 13 girls’ teams) from all over eastern Maine to Ellsworth to raise money for local charities. Games were held Friday through Sunday at Ellsworth High School’s Katsiaficas Gymnasium, both Ellsworth Elementary-Middle School gyms and the DEFY gym.This is placeholder textThis is placeholder textEllsworth’s success in the Sheriff’s Cup continued a strong year for local youth basketball teams. The highlight of the year thus far came last month when the Ellsworth Elementary-Middle School boys’ team finished off an undefeated season.Playing Reeds Brook Middle School of Hampden for the Eastern Maine Middle School League title Feb. 12, Ellsworth Elementary-Middle School jumped out to a 17-9 lead in the first quarter before stretching its advantage to 31-14 at halftime. The Falcons cruised from there to seal the championship and finish with a 17-0 record.“The boys had a great season,” head coach Mike Harris said. Harris coached the team with Scott Kenny and Moe Pierson.Team members of the 2018-19 Falcons were Kaleb Conners, Drew Cote, Billy Garland, Lane Griffin, Michael Harris, Will Hutchins, Peter Keblinsky, Brady Kenny, Chance Mercier, Miles Palmer, Drew Pierson and Sam Wagenknecht.Other local youth basketball teams to win tournament championships this season include the DEFY fifth/sixth-grade girls (Eastern Maine Basketball League and Orono Memorial Hoop Classic; 31-1 overall record during travel season), fifth/sixth-grade boys (Lincoln Invitational) and third/fourth-grade boys (Glenburn Recreation Department Invitational). Mike MandellMike Mandell is the sports editor at The Ellsworth American and Mount Desert Islander. He began working for The American in August 2016. You can reach him via email at [email protected] MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020 Hospice volunteers help families navigate grief and find hope – September 12, 2020 Latest Posts Bio Latest posts by Mike Mandell (see all) Ellsworth runners compete in virtual Boston Marathon – September 16, 2020
highlights The Christchurch shootings killed 49.New Zealand vs Bangladesh Test in Hagley Oval, Christchurch. Central Districts won the Plunket Shield after Canterbury cancelled the game. New Delhi: The Plunket Shield is the domestic first-class competition in New Zealand. The next round of matches were expected to take place at various venues in the country, including Christchurch. However, the mosque shootings in the city which took place on March 15, has resulted in some changes. Canterbury, the region where Christchurch is located, withdrew from their final match of the season following Friday’s attack, according to a report in the New Zealand Herald. Canterbury’s final four-day match against Wellington had been scheduled to begin at the Basin Reserve. “The team showed a united front in terms of the decision,” said Canterbury Cricket CEO Jeremy Curwin. “It is clear that this tragedy will affect people in different ways, and Canterbury Cricket is here to support our players however we can. “We fully respect their decision, and I am incredibly proud of how they conducted themselves throughout this process.”Leading the competition, Central Districts will be presented with the trophy next week at Hamilton’s Seddon Park. New Zealand Cricket (NZC) CEO David White said, “This isn’t about cricket; it’s about something much bigger and much more important than that. It’s about life, it’s about respect; it’s about family and community. Cricket and sport takes a back seat to personal welfare.” Meanwhile, the Super Rugby match between the Crusaders and the Highlanders in Dunedin has also been called off in the wake of the shootings.The third and final Test match between New Zealand and Bangladesh at the Hagley Oval in Christchurch, which was scheduled to be played on Saturday, was cancelled after multiple shootings in mosques in the city. The official Twitter handle of the New Zealand cricket team, @BLACKCAPS, had tweeted that a joint decision was made. “Our heartfelt condolences go out to the families and friends of those affected by the shocking situation in Christchurch. A joint decision between NZC and the Bangladesh Cricket Board has been made to cancel the Hagley Oval Test. Again both teams and support staff groups are safe,” they tweeted.The Bangladesh cricket team, who are touring New Zealand and will play the third and final Test at the Hagley Oval in Christchurch on Saturday, had a narrow escape. A video tweeted by Bangladesh’s ESPNCricinfo correspondent Mohammad Isam showed the Bangladesh cricketers Tamim Iqbal and Taijul Islam running back from Hagley Park back to the cricket ground. The incident took place around 1.45pm local time when the team had gone to pray when the incident took place.The Hagley Oval Test match was the last international match for both the teams before the start of the ICC Cricket World Cup 2019 which will be held in England. Tim Southee was appointed as the captain of the side after Kane Williamson was ruled out due to a pectoral injury. Will Young was going to make his debut in this Test match but it will now have to wait after the cancellation. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.