The 2009 Small Business Person of the Year and Champion Award recipients will be honored at a ceremony sponsored by Vermont Business Magazine and the US Small Business Administration (SBA). Governor James Douglas will present the Small Business Person of the Year award to Mark Bonfigli, CEO and Founder of Dealer.com, Burlington, with additional remarks from Burlington Mayor Bob Kiss, SBA Vermont District Director Darcy Carter, and others. Champion awards will be presented to:Jim Sault, Porter Music Box, RandolphTara Lynn Scheidet, Tara Lynn Studio, SuttonJohn Vincent, Vincent s Drug & Variety, WaterburyGail Wheel, Wheel House Designs, Hyde ParkMatt Cota, VT Fuel Dealers Association, MontpelierMajor Randall Gates, VT National Guard, ColchesterStephen Paddock, VT Small Business Development Center, MiddleburyMary Peabody, University of Vermont Extension, BerlinWHEN: Wednesday, June 10, 4:00 to 7:00 p.m.WHERE: Burlington Waterfront Park: Under the Discover Jazz tentDIRECTIONS: In downtown Burlington, follow Main Street to the corner of Main and Battery. Turn right on Lake St. Look for event signage near the white tents at the end of Lake St. Parking is available at College and Lake St, and in lots and garages throughout downtown Burlington.
It’s a brave new digital world out there…Is your organization taking the right steps now to thrive in it, post-pandemic? On this week’s episode of Banking on Experience, we’re honored to offer some brilliant perspective on the topic from the digitization guru himself: Chris Skinner.Celebrated author of no less that 16 books (his latest: Doing Digital), chair of the Financial Services Club and Nordic Future Innovate, and non-executive director of 11:FS, Chris has also been an advisor to the United Nations, the White House, the World Bank and the World Economic Forum. He is a visiting lecturer with Cambridge University. As if that wasn’t enough, he is a TEDx speaker, independent commentator on fintech through his blog (thefinancer.com), and co-founder with renowned artist Basia Hamilton of The Portrait Foundation- a non-profit platform to encourage children and the arts.Whew! – In other words, ya’ll are going to want to listen up. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
If your credit union has over $100M in assets, your website should be generating millions of dollars. That’s why it’s important for credit unions to invest in their websites, especially during the COVID era when people are relying on digital channels. So, do you know how much your website is worth? We built a calculator so you can find out.Have you ever seen that video of Bill Gates playing The Price is Right with Ellen? It’s pretty hilarious how bad he is. He has absolutely no idea how much basic items like laundry soap or rice-a-roni cost. Of course, he doesn’t need to know—he’s got people to do his grocery shopping for him. But if you’re not a multi-billionaire, then knowing something’s value is essential. Especially if you help run a financial institution. All organizations that need to turn a profit to stay in business, including “not-for-profits,” need to know how much money their assets are generating.This is a lead capture form on Altavistacu.org. Forms like these help credit unions generate profits.I’m guessing you know which of your physical branches are the most successful. You know where most accounts are opened, which branch receives the most loan applications, and which branch is struggling. But what about your biggest branch, your digital branch? Are you as clear on the value of your website? We built a handy calculator that can help you quantify the profits generated by your website. With the right data, you can see what your website is worth and where to improve it. How to calculate the value of your websiteTo calculate how much cash your website generates, you’ll need to enter the lifetime values of your products and their conversion rates into our calculator. Lifetime ValuesThe lifetime value (LV) of a product is the total profit your credit union earns over the life of the loan or account. (Sometimes credit unions don’t have profitability data for every product. If that’s your case, you can calculate revenue instead of profit, which would still give you valuable insights.)Conversion RatesFor conversions, you’ll want to enter these numbers for all of your loans and accounts:Number of pageviewsNumber of click-throughs (clicks on your calls to action)Leads capturedApplications completed Applications fundedYou can get this data from your website analytics, origination system, and core system.This auto loan page has a clear call to action to “apply now”. As part of your conversion data, you want to track clicks on buttons like this.With this data, you’ll also be able to calculate the value of an application, lead, pageview, and session, which is extremely valuable for conversion rate optimization and digital advertising.Getting the data you need to make these calculations might take a little work, but it can help you make improvements worth millions. For instance, we ran the calculations for one of our credit union clients in California and discovered their website helps them generate over $5M per year.How the calculator can help you generate more profitsIf you know the value of your website and where it could be better, then you can calculate the value of improving it. For example, let’s say your credit union profits $3,000 per auto loan, 50% of applications are funded, and your conversion funnel looked like this last month:1,555 views → 245 clickthroughs → 152 leads capture → 97 apps. completedWith those assumptions, every time someone clicks the “apply” button on your auto loan page, your credit union makes $600. But only 15.8% of people are clicking “apply”. So, if you run some a/b tests and can increase that clickthrough rate by 50% (to 23.6%, which is reasonable), then you would increase profits by $73,500 per month ($882,000 per year). Now that’s bringing home some bacon, and that’s just for auto loans.Try out the calculator yourself. You’ll probably be surprised by how valuable your website is (or should be).Get the Website Profit Calculator 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Derik Krauss Derik is a cofounder of BloomCU, an award-winning website design agency for credit unions. His agency’s design work has received recognition from CUNA (Diamond Award), TheFinancialBrand.com, and others. He … Web: bloomCU.com Details
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 54-year-old Huntington man riding a Harley Davidson motorcycle was killed Friday night in a collision with another vehicle in Plainview, Nassau County police said. The fatal crash occurred on Woodbury Road shortly after 11 p.m., police said. Robert Stawkowski was operating the 2001 Harley Davidson when it collided with a Toyota turning onto Woodbury Road, police said. Stawkowski was traveling with a 41-year-old female passenger at the time of the crash, police said. The motorcycle was unable to avoid making contact with the rear of the car, police said. Stawkowski was pronounced dead at the scene, police said. The woman was transported to a local hospital for treatment of her injuries. Police did not characterize her injuries. The 21-year-old driver of the Toyota was not injured. Both vehicles were impounded for a brake and safety check, police said, adding that there appears to be no criminality at this time.
Five-time world champion Viswanathan Anand scored a crushing victory over Shakhriayar Mamedyartov of Azerbaijan in the eighth round to share the lead with Norway’s Magnus Carlsen in the Tata Steel chess tournament in Wijk Aan Zee, The Netherlands.Having outclassed Vladimir Kramnik of Russia as black in the previous round, Anand, a five-time winner, continued his demolition act and grounded Mamaedyarov who currently holds the third position in the world rankings.The Indian ace took his tally to 5.5 points out of a possible eight and is matched only by reigning world champion Carlsen who himself played a fine game to beat Richard Rapport of Hungary.With two leaders in front, Ian Nepomniachtchi of Russia, Ding Liren of China and local star Anish Giri are right on their heels, tailing by half a point.Temour Radjabov of Azerbaijan is in sole sixth spot on 4.5 points while other Indian Vidit Gujrathi shares the seventh spot having four points in all. Five rounds still remain in the first super tournament of the year.Wijk aan Zee has been Anand’s favourite hunting ground for over two decades and he seems to be again hitting his top form here. Mamaedyarov was outwitted in all departments of the game.The Caro Kann defense by the Azerbaijan GM met with the topical advance variation and Anand was in control after a slight inaccuracy by Mamedyarov on 12th move itself.Anand increased his advantage in a flurry thereafter and struck in the centre with a smart pawn sacrifice. Mamedyarov was outdone thereafter as the Indian temporarily left his rook in the middle of the board and some moves later another tactic on the same square ended the game. It was over in 29 moves.advertisementCarlsen was also in his elements as he avenged his defeat against Rapport a couple of years back in the same round of the same tournament. The Norwegian was in control right through in the Sicilian Taimanov game as white and squeezed out black’s resources.Gujrathi played out a draw with Anish Giri. The fact these two also work together did not make things exciting as Giri opted for a Queen’s Gambit declined and Gujrathi did not do much. The players reached a rook and pawns endgame soon and the draw was a just result.Vladimir Kramnik suffered another defeat as he lost to Jan Krzysztof Duda of Poland while Vladimir Fedoseev defeated American champion Sam Shankland in the other decisive games of eighth round.Andrey Esipenko of Russia proved superior to R Praggnanandhaa in the battle of young Grandmasters held in the challengers section being held simultaneously. Mikhail Chigaev of Russia was in front on six points out of eight rounds while Praggnanandhaa was on 3.5 points needing some victories in the final lap.Results Masters Round 8: V Anand (Ind, 5.5) beat Shakhriyar Mamedyarov (Aze, 3); Magnus Carlsen (Nor, 5.5) beat Richard Rapport (Hun, 3); Vidit Gujrathi (Ind, 4) drew with Anish Giri (Ned, 5); Duda Jan Krzysztof (Pol, 4) beat Vladimir Kramnik (Rus, 2); Ding Liren (Chn, 5) drew with Ian Nepomniachtchi (Rus, 5); Jorden Van Foreest (Ned, 3.5) drew with Teimour Radjabov (Aze, 4.5); Vladimir Fedoseev (Rus, 3.5) beat Samuel Shankland (Usa, 3.5).Also Watch:
UnityPoint Health – St. Luke’s and the Children’s Miracle Network have unveiled a second family kitchen on the hospital’s pediatric floor.It’s available to families who have children in the hospital.The kitchen, along with the additional kitchen near the Neonatal Intensive Care Unit, were established through a partnership with the Ronald McDonald House in Sioux City.The kitchens are stocked with meals, snacks, and beverages, and are accessible to families 24 hours.The second kitchen was dedicated with a Chamber of Commerce ribbon cutting on Friday.