Navy FCU sails past asset record

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr For the first time in world history, a credit union has surpassed $100 billion in assets—and it continues to grow at a record pace.In the process, Navy Federal Credit Union has also entered the “Too Big To Fail” category, according to one economist.Navy Federal has for decades been a statistical outlier in the U.S. credit union community, and recent years have only seen it continue to sail far ahead of the rest of the CU fleet. Indeed, Navy FCU’s net income during just the first quarter of this year alone exceeded the individual assets of more than 85% of all U.S credit unions.As of March 31, Navy FCU reported it now has $103.2 billion in assets, up from the nearly $97 billion in assets reported at year-end 2018. continue reading »last_img read more


Church declared new COVID-19 cluster in Batam

first_imgRiau Islands’ Batam COVID-10 task force declared HOG Eden Park church a new cluster in Batam on Sunday after 26 of its congregation members tested positive for the virus. According to the task force, 1-year-old twins were the latest among the 26 to test positive. The parents of the twins also tested positive for COVID-19. The task force head, HM Rudi, said there had been eight new cases in Batam as of Saturday. Of the eight cases, seven were related to the HOG Eden Park Church cluster. “The twins, Case 123 and Case 124, were among the eight new cases, and they allegedly contracted the virus from their parents,” Rudi said on Sunday as reported by kompas.com. The parents of the twins are Case 125, the 42-year-old father, and Case 126, the 43-year-old mother. Both babies are currently being treated at Elizabeth Hospital in Batam and they are reportedly in a stable condition. HOG Eden Park church was declared a new cluster after authorities conducted tracing of Case 49, who is a member of the church. Case 49 is in recovery. Meanwhile, the priest of the church is Case 82.Read also: COVID-19: Batam wants restrictions like Jakarta – but for three monthsAmong the churchgoers that tested positive for the virus are: a 30-year-old man identified as Case 111, a 37-year-old man identified as Case 112 and a 47-year-old man identified as Case 113. They all had close contact with Case 49 and Case 82.Case 114 and Case 115 are women aged 43 and 20, respectively, and are the daughters of case 113.Case 119 and Case 120 are husband and wife. Case 119 is the husband who works at the church.Batam’s Health Agency head Didi Kusmarjadi said the churchgoers gathered on April 26 to prepare for church online services.“Most probably, when they gathered in a meeting they did not follow health protocols, such as wearing face masks, physical distancing, maintaining hygiene and so forth,” Didi said as reported by tribunnews.com on Sunday.Prior to receiving swab test results, members of the HOG Eden Church are isolated at Tanjung Uncang Housing Complex in Batam. However, after receiving the results, those who are declared positive for the virus are to be isolated at Embung Fatimah Hospital in Batam.Read also: Galang COVID-19 hospital opens to step up fight against Indonesian epidemicWith the addition of HOG Eden Park church, Batam now has a total of five COVID-19 clusters. As of Saturday, Batam had recorded 128 cases of COVID-19 and 11 fatalities. Batam is the epicenter of the outbreak in the Riau Islands, which in total had recorded 195 cases and 15 fatalities as of Saturday. (trn)Topics :last_img read more