January 20, 2021

Weekly unemployment claims increase by 162

first_imgFor the week of October 9, 2010, there were 840 new regular benefit claims for Unemployment Insurance, an increase of 162 from the week before. Altogether 7,460 new and continuing claims were filed, an increase of 198 from a week ago and 1,872 fewer than a year earlier. The Department also processed 2,841 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 240 fewer than a week ago. In addition, there were 1,493 Second Tier claims for benefits processed under the EUC08 program, which is a decrease of 17 from the week before. The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)last_img read more

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Keep credit union costs low and member service excellent

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Nicole Kellner-Swick and Matthew YoungAll Credit Unions are faced with the daunting challenge of providing exceptional member service to its members while keeping its costs low. One of the more frustrating and costly circumstances surrounding this concept involve members or third parties requesting documents from the Credit Union. These could be requests from your members to produce lost statements or past, issued checks. Or such requests could come from third parties, typically in the form of a subpoena, to produce a litany of information which can be time consuming and costly to produce, particularly to Credit Unions on the receiving end of such requests. What’s worse, failure to respond appropriately to such document requests can lead to a court imposing sanctions against the Credit Union and possibly even the requesting party’s attorney’s fees.While Credit Unions are acclimated to the concept of charging members for certain document requests, most don’t consider what cost can be imposed upon third parties requesting documents. Whether the requesting party is a government agency, litigant in a case, or a party to a divorce proceeding, these parties are required in most states to pay for the documents they are requesting, even with a valid subpoena.In Ohio, reimbursement to Credit Unions for assembling or providing financial records is addressed in the Ohio Administrative Code. In particular, Ohio Administrative Code (OAC) 1301:9-2-12. A Credit Union can charge for search and processing costs, reproduction costs, transportation costs and the detail for the those costs is set forth in subsection (A). continue reading »last_img read more

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