Spokane Valley, Wash.-based Numerica Credit Union swept the title of Large Business of the Year at an awards gala this year. They celebrated the victory by snapping a selfie.
Dancing for a new branch
Brooklyn, N.Y.-based Polish & Slavic Federal Credit Union its branch footprint into Pennsylvania with the opening of a new facility. The new location is the credit union's first in the state and is spread over 1,500 square feet. Celebrations at a ribbon-cutting ceremony are pictured here.
Denim and donations
A $7,000 donation from Credit Union of Ohio, based in Hillard, supported 12 local nonprofit organizations through its Denim and Donations program. Each month, one organization is selected to be the donation recipient and credit union staff are encouraged to support the cause by donating $10 to wear jeans to work for a week.
Loving their jobs
For the seventh year in a row, Greater Texas Credit Union was voted as a top workplace by its employees. The Austin, Tx.-based institution surveyed over 24,000 workers.
Scholarships and studying
PenFed Credit Union in Tysons, Va., donated $50,000 to start a new scholarship fund at George Mason University. The new fund will honor Dr. Gerald Gordon, who taught at George Mason among other universities, and was instrumental in helping PenFed acquire the credit union's new Tysons headquarters.
Some snouts were kissed at the annual Kiss a Pig Financial Literacy held by TruMark Financial Credit Union in Fort Washington, Penn., A local sixth grade teacher kissed a pot-bellied pig named Raines to help increase financial literacy awareness.
Tuition take down
Aggieland Credit Union, College Station, Texas, awarded a Texas A&M student a $5,000 check in its "Credit Union Tuition Take Down" giveaway.
Employees of Matadors Community Credit Union, Chatsworth, Calif., along with the Child & Family Guidance Center, brightened the days of children by donating toys.
In their annual charitable giveback, Burnsville, employees of Minn.-based Firefly Credit Union donated blood together. The CU partners with organizations throughout the year including blood centers, cancer societies, children hospitals and more for charity.
Helping others stay warm
Baton Rouge, La.-based Neighbors Federal Credit Union raised over $94,000 and 7,483 coats in its "Pat's Coats for Kids" Partnership. The credit union collected heavy jackets during the campaign and also hosted a jambalaya sale to support the effort.
Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.
The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform.