Protest planned in Limerick after Irish Cement given green light to…

first_imgLimerick centre needed to tackle environmental issues Minister asked to review need for more incinerators in Limerick Print Facebook Twitter NewsEnvironmentProtest planned in Limerick after Irish Cement given green light to burn alternative fuelsBy David Raleigh – September 20, 2019 1043 WhatsApp Linkedin Email Opponents of Irish Cement’s incinerator plan taking part in a protest march in 2018 in Limerick.Photo: Cian ReinhardtA protest march is to take place in Limerick next month after controversial plans by Irish Cement Limited to burn alternative fuels, including used tyres, were given the green light by the EPA, subject to conditions and appeal process.There was a widespread shock this Thursday when residents, politicians, and groups opposed to the company’s licence application, received confirmation that the Environmental Protection Agency were allowing the €10m project proceed, subject to a 28-day appeal process.Sign up for the weekly Limerick Post newsletter Sign Up Claire Keating, a local resident, and spokeswoman with Limerick Against Pollution (LAP),  said she was “shocked” and “extremely disappointed” the decision.Ms Keating said “4,400 objections” were lodged against the plans.“We will be pursuing lots of avenues to stop this. We definitely will be launching an appeal, and we plan on requesting an oral hearing. We are also seeking legal advice, and we have been onto MEPS in Europe too.”“A protest march is planned to take place at City Hall (Limerick) on the 5th of October. We are not going to give up,” Ms Keating explained.The deadline for objections to be submitted against Irish Cement’s proposal is October 15th.Fianna Fáil Councillor James Collins, said it was a “hugely disappointing decision” which he claimed “will damage public health and Limerick’s reputation as a clean, green city”.Cllr Collins said the area where waste will be burned is “adjacent to a public park, four schools”.The EPA’s “Proposed Determination” on Irish Cement’s application “provides for the acceptance of non-hazardous waste materials to be used as alternative fuels and raw materials, up to a maximum of 90,000 tonnes per annum”.The EPA said there were “more than 100 individual conditions relating to the environmental management, operation, control and monitoring of the installation”.It added it was “satisfied that the emissions from the installation when operated in accordance with the conditions of the proposed licence will meet all required environmental protection standards and will not endanger human health or harm the environment in the vicinity of the installation or over a wider area”.Sinn Fein TD, Maurice Quinlivan said he was “appalled”, and added, “this is a toxic decision by the Environmental Protection Agency”.Welcoming the EPA’s decision, a spokesman for Irish Cement the company “will study the details of the proposed licence before making any further comment”.The EPA’s decision follows a decision in April 2018, by An Bord Pleanala to grant permission for the replacement of fossil fuels at Irish Cement’s production plants in Limerick and at Platin, Co Meath, which were both opposed by environmental groups.Limerick City and County Council had initially granted the company permission to go ahead with its plans.Last December Irish Cement pleaded guilty before Limerick District Court in a Prosecutions brought by the EPA, to breaching the terms of its industrial emissions licence at its Limerick plant and received a €4,000 fine.The court heard a thick “glue-like” dust leaked from its production plant, causing damage to nearby homes, cars and gardens.At the time, Irish Cement had three previous convictions for similar breaches of its industrial licence, including two in July, 2018 and one in 2007.center_img Previous articleNew music from Paddy MulcahyNext articleLeon’s Lifeline getting set for Fundraising Demo with Rachel Allen David Raleigh Limerick on Covid watch list Shannon Airport braced for a devastating blow Advertisement TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites TAGSEnvironmentIrish CementLimerick City and CountyNews RELATED ARTICLESMORE FROM AUTHORlast_img read more

Essential ways for credit unions to improve loan operations processing

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Steve Maloney Steve Maloney is president/CEO of Sync1 Systems, has more than 20 years of experience in the Information Technology field in addressing issues specific to the financial services industry.  Prior … Web: Details The adoption of technology in the financial sector is on a rapid rise. A Fintech report by PricewaterhouseCoopers shows that up to 77% of such institutions are stepping up their efforts to increase innovation. Credit unions are adopting the use of technology to make the member journey smoother and more efficient.The adoption of technology is also a strategy in a sink or swim environment. The competition is enormous, and only those credit unions that have better loan originations systems can survive. So, what are the essential ways the credit union sector can improve loan operation processes? How credit unions can improve loan operationsCredit unions have to step up to the demands and needs of the modern member. It requires a delicate balance between cost-saving measures and improving their capabilities for better efficiency. Some strategies to improve loan operations include the following:Cloud DeploymentCredit unions need to move away from Legacy learning systems that rely on manual steps for decision making. Cloud-based loan processing systems are efficient, hassle-free, and cost-effective. Document management, updating, and sharing are also easier. Lenders have access to a broad pool of data sources, which helps in quick decision-making. Cloud deployment allows for scalability without the associated cost of physical expansion or the need to hire more staff. Financial Literacy The credit union sector needs to invest in educating its members on financial issues. Members who have knowledge can evaluate products and make better decisions. By educating members, credit unions will build trust by helping them manage complicated financial situations. A member, who knows how to handle money well, avoids situations such as defaults, bankruptcy, or foreclosure. For the credit unions, it means higher loan repayments resulting in better or more profitable revenue streams.Digital DocumentationPaper transactions in loan processing are cumbersome and time-consuming. A report by Transunion shows that up to 70% of loan applicants abandon the application altogether due to how cumbersome the processes are.   Digital documentation is secure and eliminates errors that may arise from manual inputting. Sharing of documents and receiving feedback via the internet is quick and efficient.  Within minutes, it is possible to process a loan application, instead of days. Compliance and retention requirements are easier without having to store tons of paper documentation. Input from IT DepartmentsThe IT Department is the center of digitization. They ensure the proper running of the systems while keeping up to date with the latest technology. Those in the credit union industry must empower the teams appropriately.  Training on the latest technology is critical to maintaining the loan origination systems. The teams must plan to work well with vendors and other team members. Most importantly, they must understand member issues and how best to resolve them.Other ways to improve efficiencies in the credit union sectorOther than embracing technology, credit unions need to investigate other areas for better efficiency. Rethinking business strategies requires a shift from concentrating on areas that have low margins to more cost-effective business lines. It also means getting rid of time-consuming and complex processes that delay loan applications. Credit unions need to pay attention to historical metrics to determine more productive trends.Credit unions should take steps to better understand members or economic situations that may contribute to higher default rates. Putting in place measures to improve staff productivity. Such include clear expectations and roles, strategies to measure performance, training opportunities, and reward systems.Streamlining of operations to avoid time wastage in the execution of duties. Staff members need to engage in a culture of continuous improvement for better results.Adopting or integrating technology that has a role. It requires the mapping of processes and seeing which platform or technology can improve operations.Credit unions need to optimize the channels members use to interact with them. It requires careful analysis of performance and value additions. Providing convenience to members will improve the overall experience resulting in higher success rates.The adoption of web applications allows for scalability because credit unions can access members anywhere there is an internet connection.The adoption of mobile applications will allow credit unions to reach members wherever they are. The loan processes are also faster, and credit unions can share information and resolve any issues promptly.  Final ThoughtsCredit union operations’ process improvement requires attaining operational excellence. It needs credit unions to take an honest look at the current situation and take steps to improve areas of weakness. The use of data and analytics is a key component because it provides invaluable information. Channel optimization will help credit unions reach members at the point of convenience. Moving from manual to digital documentation and cloud applications will make loan processing faster and more secure. Investing in financial literacy for members will build trust and better decision-making capabilities.last_img read more