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ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUs experience the biggest rise in auto loan marketshare.The automotive credit market has reached record-setting heights in recent months—and credit unions drove a big part of the boom.In addition to gaining market share, credit unions managed to create stability in their overall automotive portfolios with delinquencies and charge-offs, which are both significantly lower than industry averages.However, this lending segment did something that was slightly out of character during the second quarter. On average, credit unions increased their appetite for risk, delving further into the deep-subprime market than normal.Despite the slight change in behavior, credit union auto loans still go to consumers with higher average credit scores than loans from other lender types.During the second quarter, the automotive credit industry reached an all-time high for outstanding loan balances. According to Experian Automotive’s latest State of the Automotive Finance Market report, the total dollar amount of auto loan balances outstanding hit $839.1 billion, up 11.7% from the previous year. continue reading »
Burundi has been encouraged to facilitate inclusive dialogue in an effort to bring a lasting solution the east African nation.The European and African Unions jointly acknowledged the improved security situation in Burundi while calling on both the government and opposition to genuinely engage in dialogue facilitated by the East African Community mediators.The two regional bodies made the observation at the African Union Peace and Security Council (AU PSC) and the European Union Political and Security Committee (EU PSC)‘s 9th Annual Joint Consultative Meeting in Brussels, Belgium.“While noting the AU PSC assessment during its visit to the country in June 2016, that the security situation has improved in the country, the AU PSC and the EU PSC expressed their continued preoccupation with the security situation in the country and encouraged efforts to continue improving it,” they said in a statement on Tuesday.“They also agreed that the East African Community (EAC) facilitation needs to succeed on the understanding that only an inclusive dialogue can bring a viable solution … They expressed hope that the report of former President Mkapa, to the recent EAC Summit, and the response of Heads of State, can accelerate the process,” the statement added.The Unions also agreed on the need for the full deployment of AU civilian and military observers to the country, africanews.com reports.The AU PSC and the EU PSC discussed the framework of the Africa – EU partnership including conflict and crisis situations in Africa namely, Democratic Republic of Congo, Central African Republic, Somalia, Mali, South Sudan, Burundi and Guinea Bissau.The meeting co-chaired by Ambassador Catherine Muigai Mwangi of Kenya and Ambassador Walter Stevens, Permanent Chair of the EU PSC agreed to meet again in 2017 in Addis-Ababa, Ethiopia and to undertake a new joint field trip in the region.
Preview PENSACOLA, Fla. – No. 14 West Florida (14-1, 6-1 GSC) earned a key GSC home win vs. Delta State (7-9, 5-3 GSC) in runaway fashion Tuesday evening. The Argos turned a 35-31 halftime advantage into a 71-54 win. Darryl Tucker scored a game-high 23 points (8-12 FG, 1-1 3-PT FG, 6-7 FT) while grabbing six rebounds, dishing two assists and registering one block. The 54 points allowed were the fewest the Argos have surrendered to an opponent this year.”I thought this was a great win for us,” said UWF head coach Jeff Burkhamer. “We played hard on both ends of the floor for both halves. We knew this was a grind-out type game. When you play Delta, I told our guys it’s kind of like going to the dentist and getting a root canal. It’s just painful, but you have to work your way through it, and you’ll be okay. And that’s how it was.”UWF built a 7-4 lead in the game’s first 2:30 before Delta State reeled off a 6-0 run to take the lead. Marvin Jones knocked down two three-pointers in the game’s first seven minutes. After falling behind briefly later in the half, an and-one finish by Tucker reclaimed the Argo lead at 22-21. The finish and free throw were part of an 8-0 run for the Argos.West Florida built the late first half lead to as large as seven and went to the locker room with a 35-31 lead. Tucker notched ten points and two rebounds in the first. Jones finished with eight points, one block, and one steal. Moter Deng had seven points, two boards and two assists. DJ Thorpe scored four and posted two blocks and two assists. Bryan Chalifoux scored three points and grabbed three rebounds.The Statesmen cut the lead to 37-36 early in the second, but a key three and then a slam by Thorpe helped the Argos extend the lead back to 42-36. Delta fought back to make it 48-47 before Tucker personally reeled off seven straight points, a dominant stretch that featured another and-one finish and a thunderous dunk.With the Argos up 55-50, Deng and Jones hit back-to-back threes to increase the lead to double figures with just under six minutes to play. Jones knocked down a three from the corner at the 3:54 mark through a foul. He proceeded to hit the free throw and put the contest out of reach at 67-52. The Argos closed the game on 23-7 run.”Before the game, coach told us it was going to be a grind-out game,” Tucker said. “Delta is a really good team. They have really good guards, so before we came, we just knew this was going to be a hard-fought game.”We really tried hard to extend the lead, especially when I threw it off the backboard,” he said, referring to a spectacular jam he threw down with less than five minutes to play, in which he faked a defender by throwing the ball off the backboard to himself for a slam.Tucker finished with 23 points and six rebounds. Jones netted 15 points plus a season-best four blocks. Thorpe finished the evening with 11 points, a season-high three blocks, three steals and three assists. Deng had 12 points, six rebounds, three assists and one block while playing all 40 minutes for the first time this year. Rashaan Benson played 38 minutes and registered five points and three steals.The Argos held DSU to 9 of 25 shooting from the field in the second and 21 of 48 shooting overall. UWF shot 27 of 48 from the field in the game. The team sank 9 of 16 three-pointers and 8 of 10 free throws.UWF hits the road this weekend, heading to Union (8-7, 2-5 GSC) for a 4:00 p.m. matchup on Saturday and No. 18 Christian Brothers (13-2, 5-2 GSC) for a 7:00 p.m. Monday contest. Follow along with the action through goargos.com and on Twitter @UWFMensBBall.#ARGOS#Print Friendly Version Live Stats Watch Live Next Game: Full Schedule Roster at Union 1/13/2018 – 7:00 PM