Together CU helped 23 community organizations in the St. Louis area during its second annual Day of Giving. Over 300 employees participated in activities such as cooking, landscaping, painting and spending time with veterans as part of the initiative.
Investing in community health
Fort Knox FCU announced a $1.5 million donation over 10 years to help expand the HMH Medical Group’s Radcliff Family Medicine Clinic near Fort Knox’s Wilson Gate.
Chalfont, Pa.-based Merck Sharp & Dohme FCU unveiled a POW/MIA National Chair of Honor in a dedication ceremony attended by veterans and their families, along with credit union members and staff.
Relief for natural disaster victims
Redwood CU held a “Welcome Home, Healdsburg” event as part of its relief efforts in the wake of the Kincade Fire that devastated parts of California.
Community Choice Credit Union in Farmingon Hills, Mich., packed lunches during the Sept. 11 National Day of Service.
Mixing football and health care
Mountain America Credit Union, a sponsor of the Idaho State Bengals, donated $12,500 to the Bingham Health Care Foundation during the Bengals’ final home game of the 2019 season.
Connex CU in North Haven, Conn., gave almost $5,000 to the winners of its 6th annual ConneXfactor contest, which involves residents applying for the financial fitness contest.
Some homeowners who sought relief as a result of COVID-19 may owe a lump sum when their forbearance period ends, according to a report from the Committee for Better Banks. The group is calling on banks to instead extend the repayment periods for affected customers.
With lawmakers weighing changes to Bank Secrecy Act requirements, the Government Accountability Office urged the Financial Crimes Enforcement Network to establish written policies for expanding use of the agency’s database.
Commercial real estate companies are among those left out of the Federal Reserve’s middle-market relief program, but House members said they need government-backed financing to navigate the pandemic as much as anyone.