Children’s National Hospital in Washington dedicated its emergency department waiting area as the Capital Area Credit Unions for Kids Waiting Area in recognition of the fact that CUs in the region have spent the past two decades supporting the hospital philanthropically. Area credit unions have raised $5 million for the hospital through races, golf tournaments and other events.
Imagination Library donation
Sikrosky Credit Union donated $5,000 to Dolly Parton’s Imagination Library, a program which provides free books to children in the years before they start school.
High schoolers at the CU
Approximately 75 high school students visited First Capital FCU’s West York, Pa., branch, learning about careers in the financial services industry and seeing the credit union difference in action.
All in for breast cancer research
The SECU Foundation, a division of Raleigh, N.C.-based State Employees’ Credit Union, donated $150,000 to breast cancer research as part of a two-year initiative that includes the Komen NC Triangle to the Cost and Komen NC Charlotte joining forces to collect data to support a community-based cancer care program.
Sweets for service members
Hudson River Financial CU and its community partners collected nearly 1,500 pounds of candy to be donated to service members as part of the Soldier’s Angels Treats for Troops program.
Helping vets through school
Lansing, Mich.-based LAFCU and minor league baseball team the Lansing Lugnuts joined forces to donate $3,000 each to Baker College and Lansing Community College in support of veterans furthering their education.
We Promise gala
The We Promise Foundation from Chartway FCU raised nearly $700,000 through its 14th annual gala and 21st annual golf tournament. The funds will help benefit children facing medical hardship and life-threatening illnesses.
DCECU donates to the Pink Fund
Dow Chemical Employees Credit Union in Midland, Mich., partnered with McDonald Broadcasting and local radio station WKCQ 98.1 FM to benefit the Pink Fund, which provides nonmedical financial aid to those undergoing treatment for breast cancer. The credit union and its members contributed nearly $2,100.
Habitat and homeownership
James Schenck, president and CEO of PenFed Credit Union and CEO of the PenFed Foundation, was recognized by Habitat for Humanity during the group’s 30th anniversary gala. Schenck was honored for his work helping to advance home ownership.
A frighteningly large donation
Ascend FCU employees from across Middle Tennessee dressed up in costumes on Halloween and donated money to help raise funds for Costumed for a Cure to benefit the Leukemia and Lymphoma Society. The credit union raised $2,190 from employee and member donations, an increase of nearly $600 compared to 2018. In 13 years, the credit union has raised a total of $33,353 for LLS.
The Federal Reserve will continue its ban on share repurchases for banks with more than $100 billion of assets into the fourth quarter and will cap dividend payments using a formula based on recent income.
Harit Talwar, who is moving from CEO of the digital banking unit to chairman of consumer banking, says Marcus wants to add checking and investment products, embed its offerings in additional high-profile platforms, and grow far beyond its current 5 million customers.