PORTLAND, Maine (AP) — Americans’ desire to get outdoors during the pandemic despite the winter cold is creating a season unlike any in more than two decades for the snowmobiling industry. From Maine to Montana, it’s becoming difficult to find a new snowmobile for sale. And the rental fleets are booked up. The International Snowmobile Manufacturers Association said U.S. represents the world’s biggest market for snowmobiles and Canada isn’t far behind. Together combining for more than $30 billion in annual sales.
NCUA’s member business lending rule has been in effect for more than 5 months now, and credit unions are still working on implementing the rule’s changes. This month’s compliance feature in Credit Union Magazine examines new collateral and security requirements in section 723.5 of the regulation.The new rule allows credit unions to make their own risk-based decisions, as opposed to the strict loan-to-value limits and personal guarantee requirements.From an operation perspective, this means credit unions should focus on:Collateral: Sufficient capital is required, but the new rule states that collateral alone shouldn’t be the sole basis for granting a loan. The creditworthiness of the borrower and the marketability of the collateral determine the amount of collateral needed for each loan, and credit unions must establish standards, policies, and procedures to confirm, value, manage, and control collateral;LTV limits: Rather than specific ratios for each type of collateral, NCUA expects credit unions to set their own LTV ratio limits. These should be based on internal risk management analysis and accepted financial industry standards; and continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020 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@example.com. Bio ELLSWORTH — As the hours of sunlight have dwindled, so too has the number of events on the fall sports schedule. Following two championship events over the weekend, that number has now been reduced to zero.The Hancock County fall sports season concluded Saturday afternoon with the New England cross-country championships in Manchester, N.H., and the Class D North championship football game in Hampden. Two local teams’ participation in those events marked the end of what’s been a solid start 2018-19 across the board for local schools.“It’s just so hard to believe the whole season already come and gone so fast,” said Louie Luchini, head coach of the Ellsworth cross-country team. “If you’re still competing in November, that’s a sign that you’re having a great year.”At Ellsworth High School, Luchini’s girls’ squad received a warm sendoff as it traveled south to compete in New Englands. The scene was a festive one as the Eagles, who had won county, regional and state titles as well as the Class B Good Sportsmanship Award, were given a warm reception ahead of their journey.Members of the Ellsworth girls’ cross-country team show off their Good Sportsmanship Award banner and state, regional and county championship trophies Nov. 10 at Ellsworth High School. The team left town later Saturday morning to compete in the New England championships in Manchester, N.H. ELLSWORTH HIGH SCHOOL PHOTOThis is placeholder textThis is placeholder textCaitlin MacPherson placed 123rd for Ellsworth to finish in the top half of the 261-runner field. The Eagles were one of the smallest schools competing in a loaded competition that included teams of all sizes from every New England state except Massachusetts.“It was a great experience for the girls to go up against those elite runners from bigger schools,” Luchini said. “Even in states, you’re competing mostly against the same schools you have all season. It was nice to mix it up a little bit against strong competition.”Just as has been the case for Ellsworth’s previous meets during championship season, the conditions at Manchester’s Derryfield Park were muddy and tough for runners. Yet the state of the course and dull weather didn’t hinder the Eagles, for whom every runner finished the race.“This was mostly a great reward for what’s been an awesome season this year,” Luchini said. “We were solely focused on winning states, and it was actually kind of funny because some of them didn’t even know there was a meet after states. It was fun to go down there and experience that.”Just a few hours later, the Bucksport football team took to the turf at Hampden Academy for its much-awaited Class D North championship game showdown with top-seeded Foxcroft. The game was a chance for the Golden Bucks to avenge their only loss of the season, a 21-20 home defeat against the Ponies on Sept. 22.Bucksport players bring down Foxcroft’s Matt Spooner during the Class D North championship football game Nov. 10 in Hampden. The Golden Bucks’ two defeats this year came against Foxcroft. RICK MCHALE PHOTOUnfortunately for second-ranked Bucksport, Foxcroft (10-0) continued its recent dominance of Class D North by posting a 43-26 victory. The Ponies rushed for nearly 400 yards in the win.Senior Carter Tolmasoff led Bucksport (8-2) on offense with 122 rushing yards and a touchdown. Quarterback Brady Findlay provided two touchdown passes — both to Tyson Gray — and Luke Wardwell added a 41-yard rushing score.Foxcroft advanced to the state championship with the win. The Ponies will face off against Southern Maine No. 1 seed Wells (11-0), which has won back-to-back Gold Balls and a state-best 27 straight games, at 7 p.m. Friday, Nov. 16, at the University of Maine’s Alfond Stadium. Wells defeated Foxcroft 45-0 in last year’s Class D title game.The fall season closes for all teams with the remaining state championship games next Saturday, Nov. 17, at Portland’s Fitzpatrick Stadium. Top seeds Portland (9-1) and Thornton Academy (10-0) will face off in Class A at 11 a.m., after which Nokomis (7-4) and Fryeburg (10-1) will clash in Class C at 2:30 p.m. Brunswick (8-3) and Marshwood (10-1) will play for the Class B crown at 6:30.In a change from past years, the state title games will not be televised on WABI.Update: The Class D championship game between Foxcroft and Wells has been rescheduled for 7 p.m. Saturday, Nov. 17. Latest posts by Mike Mandell (see all) Ellsworth runners compete in virtual Boston Marathon – September 16, 2020 Hospice volunteers help families navigate grief and find hope – September 12, 2020 Latest Posts