Providence FCU in Portland, Ore. exceeded its annual contribution commitment to an employee support fund for a local hospital thanks to an additional $15,000 for Providence St. Joseph Health's Helping Hands Fund, which provides emergency support for caregivers with urgent financial needs. Individual donations at the credit union were also matched up to $50,000.
San Diego County Credit Union in California received recognition from the Guinness World Records for the most paper collected in 24 hours and most paper shredded in eight hours. It laid claims to those tittle by collecting and shredding a total of 29,690 pounds of paper.
Breast cancer awareness
Garden City Park, N.Y.-based Sperry Federal Credit Union presented a $500 check to the executive director of the Maurer Foundation, an organization that supports breast cancer awareness.
New and improved
Wescom Credit Union in Los Angeles celebrated the opening of its new Anaheim branch.
'Tis the season to give
State Employee's Credit Union in Raleigh, N.C., donated $87,000 to local and environmentally focused nonprofits and charities.
Evansville Teachers Federal Credit Union has funded the building of another Habitat for Humanity house. This was the 492nd house built by the local Habitat chapter with assistance from the Evansville, Ind.-based institution.
A new HQ
Inspirus Credit Union celebrated the completion of its renovated headquarters in Tukwila, Wash. The new HQ adds about 8,000 square feet of office space in addition to 4,000 square feet of garage parking.
Yorkville, N.Y.-based AmeriCU re-opened its Commercial Drive financial center following a year of remodeling. To celebrate, members joined board members and employees for a ribbon cutting and after-hours ceremony.
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.