Member institutions from the Alaska Credit Union League came together as part of National Hunger Month to hold “Cash for Cans” fundraiser across the state, collecting and donating over $73,000 to food banks and pantries statewide.
Supporting St. Paul's Latina community
Staff at St. Paul Federal Credit Union in St. Paul, Minn. Donated 100 bags of food – including apple juice, granola bars, applesauce and more to Casa de Esperanza, a nonprofit supporting the city’s Latina community.
Mountain America passes it along again
Mountain America CU in Sandy, Utah and the NBA’s Utah Jazz will award $5,000 each to five local charities as part of the annual “Pass It Along” program. This year’s first recipient was USANA Kids Eat, pictured here. The “Pass It Along” initiative has given $160,000 to area nonprofits since 2013.
Dress down donation
Members First CU donated $410 to Waypoint, a nonprofit shelter, thanks to funds raised through the credit union’s Casual Friday Fund, which lets members dress down at the end of the week in exchange for a $5 donation.
Food pantry donation
Georgia-based Peach State FCU collected nonperishable food items from members and staff to be donated to the Neighbors 4 Neighbors Food Pantry in Toccoa, Ga. Peach State collects items all year long at its branches and makes donations to area food banks once each quarter.
The First Financial Foundation donated a grant of more than $400 to Sara Campbell, a Cedar Drive Middle School teacher who works with developmentally disabled students.
Infinity FCU in Portland, Maine was recognized by the U.S. Small Business Administration for the second consecutive year as the state’s leading credit union lender. Infinity approved 17 loans totaling more than $1 million to help boost small business in Maine during 2019.
American First's big winner
American First Credit Union in Brea, Calif. awarded its third-quarter $10,000 “Big Prize Savings” award to member Steven F. as part of a promotion linked to the CU’s prize-linked savings program.
Figure Technologies would only accept uninsured deposits, so it would not be subject to Fed or FDIC oversight. A major concern for banks is that the effort could open the door to incursions by bigger tech companies.
Board member Todd Harper was concerned that the credit union regulator was not adequately preparing for the impact of prolonged economic turmoil and could be caught "flat-footed" as it was heading into the last crisis.