In advance of Thanksgiving, Honor Credit Union donated $1,500 to God’s Kitchen of Michigan to help the Kalamazoo-based nonprofit relaunch its free Thanksgiving dinner, which had been cancelled as a result of lack of funding.
Day of Giving
St. Louis-based Together Credit Union celebrated its second annual Day of Giving with more than 300 staffers volunteering for service projects such as cooking, cleaning, landscaping helping adoptable pets, the infirm and more across 23 community organizations.
Making a difference for the homeless
Employees from Altana FCU stayed late to assemble emergency kits for the Salvation Army’s homeless outreach efforts in Billings, Mont. The activities were part of International Credit Union Day community involvement done in conjunction with CUs throughout the state.
Harper hits up Hoosier Hills
NCUA board member Todd Harper became the first representative from the agency ever to visit Indiana-based Hoosier Hills Credit Union. While meeting with Harper, HHCU leadership discussed the institution’s economic impact on its communities and the diversity of its loan and deposit portfolios.
St. Mary’s Bank in Manchester, N.H., the nation’s first credit union, was recognized with the U.S. Small Business Administration’s New Hampshire district office’s 2019 Credit Union of the Year Award in honor of the CU’s commitment to SBA loan programs and originating he most 7a and 504 loans of any CU in the state.
A doggone good cause
Staff at Jersey Shore Federal Credit Union donated to wear jeans at work throughout the third quarter and helped raise $600 to donate to K9 Warriors.
First down donations
Mountain America Cu, the official credit union of the Boise State Broncos, committed to making a charitable donation for each first down the football team made during the 2019 season. During the Broncos’ Nov. 16 home game against New Mexico, the credit union presented a $15,000 donation to the BroncoLife program.
Good costumes, great cause
Employees at Naveo Credit Union dressed in costume on Halloween and raised $250 for the Leukemia & Lymphoma Society. The fundraiser is an annual tradition at Naveo.
Some workers have thrived while working remotely but others miss the social interaction of an office, and the recent surge in coronavirus diagnoses means employers will be facing these challenges well into next year.
From the industry's extraordinary response to the coronavirus outbreak to Citigroup promoting Jane Fraser to CEO, these are some of the storylines that defined banking in 2020. First in a two-part series.
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.