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Credit Union Times
OC TOBER 14, 2020 | VOL. 31 | NO. 19 | CUTIMES.COM
Squashing PTO Stigma
The COVID- 19 pandemic hasforced many workers to makesacrifices for the benefit of theirjob. Despite these sacrifices,many have not been encouragedto take the time needed to carefor their own well-being.
It’s no surprise the situationhas unfolded this way – it’s merely a symptom of the Americanstigma that taking time off fromwork constitutes laziness. Forty-eight percent of American work-ers feel ashamed for using vacation time and an average of 6. 5vacation days per Americanworker went unused last year.
If this stigma surrounding P TOcontinues, it will ultimately costemployers employee satisfactionand headcount from burnoutand a perceived lack of care. It’sin companies’ best interest tohold on to essential employeesthat drive vital revenue duringthis challenging time period.
PTO Encouragement StartsWith Proactive Leadership
Although many employers needall the effort they can get fromemployees to keep businessafloat during this time, organizations stand to benefit fromtheir workers taking PTO. Employees who use PTO report in-creased energy and motivation.Workers who take vacations alsosee a positive impact on physicalwell-being and stress levels.
With a few adjustments, youcan create a culture that encourages employees to use Y16
While the COVID- 19 pandemic hascreated unusual challenges for CUSOs,their mission of pooling resources tomake services more accessible for CUsand their members has never beenmore important. In this Focus Report,learn how a lending CUSO has beenfighting to support businesses in ruraland underserved areas. Y6
Hunting for aModern CFOKnow the traits tolook for. Y12
Maintainconnectionsbetween alldepartments. Y8
hile most of thenation’s workplace sexualharassmentcomplaints are made by women,the number of men filing sexualharassment complaints has beenincreasing over recent years. MattHarney, a former executive forthe $403 million OnPath FederalCredit Union in Harahan, La., isamong those men.
But what makes Harney’s caseso unusual is that he claims notjust one, but two former CEOs ofOnPath, Mignhon Tourné andSonya Jarvis, subjected him tonumerous incidents of sexualharassment, discrimination andretaliation that created a hostilework environment leading to histermination. Based on these allegations prohibited by federaland state laws, Harney is suing thecredit union.
OnPath filed an answer to Harney’s lawsuit denying his claims.Nevertheless, the credit uniondeclared itself as a third-partyplaintiff against Jarvis allegingthat her actions were intentionaland reckless, and breached herexecutive duties, damaging thecredit union’s reputation thatcaused revenue losses and Y18CU CULTURE
f the presidential battle isconsidered to be the mainevent this year, the under-card could go a long way indetermining future financial services policy in our nation’s capital.
Most election analysts haveconsidered it highly likely thatDemocrats will maintain controlof the House of Representatives.
But those same analysts said that
majority control of the Senate is
up for grabs, with close races in
As in past years, CUNA andNAFCU have been active in congressional races – giving to bothDemocrats and Republicans.CUNA has said it expects to spend$7 million on the congressionalelections this year; NAFCU operates a much smaller Political Action Committee.
CUNA also has made digital ads
and sent out direct mail on behalf
of four House members and four
Both trade associations’ political giving are decidedly bipartisan. The Center for ResponsivePolitics reported that as of thebeginning of October, CUNA hasspent 55% of its money on Democrats and 45% on Republicans.And NAFCU has given 53% of itsmoney to Democrats and 47% toRepublicans.
Credit union PACs are muchmore bipartisan than
15 Races for Credit Unions to Watch