Credit Union of Southern California in Anaheim paid a visit to a local elementary school with $18,000 worth of gifts to give out to students, staff and faculty. Fifty-five of Santa's "elves" from the institution spent their personal time purchasing the 1,200 gifts.
A taste for toys
Hundreds of toys were donated by LBS Financial Credit Union in Long Beach, Calif., to the ChildNet organization as part of the institution's annual holiday breakfast. About 200 LBS employees attended the breakfast.
Sponsoring Toys for Tots
Navy Federal Credit Union in Vienna, Va., collected toy donations as a corporate sponsor of the Marine Corps Toys for Tots toy drive. Over 19,000 toys were collected in the 2018 effort.
Angel Tree program
Garden City Park, N.Y.-based Sperry Federal Credit Union donated new toys and clothes for 25 children in need through the Salvation Army's Angel Tree program. The children all live in a nearby New York neighborhood.
Auburn Hills, Mich.-based Genisys Credit Union supported the Oakland County Sheriff's Office Coats for the Cold. Each Genisys branch doubled as a drop off site for Coats for the Cold throughout November and collected thousands of coats.
Time to play
Insight Credit Union's staff and members came together for their annual Toys for Tots effort with the Winter Springs, Fla.-based institution collecting hundreds of toys.
25 Days of Holiday
Robins Financial Credit Union based in Warner Robbins, Ga., embarked on a 25 Days of Holiday giving campaign. Local chapters of the Habitat for Humanity and the Boys & Girls Clubs were among the list of donation recipients.
Twenty-two children are the recipients of clothing thanks to Hanscom Federal Credit Union’s annual Giving Tree Program. The institution, which is based on Hanscom Air Force Base in Massachusetts, sets up the program at the base exchange during the holiday season where it decorates the tree with various ornaments.
Deck the halls
In a partnership with a local television station, Sharonview Federal Credit Union is collecting donations to help Toys for Tots. The Fort Mill, S.C.-based institution invites members to bring in toys to any of its Charlotte, N.C., branches.
Hundreds of new toys
Thanks to a new partnership, Greater Nevada Credit Union will provide toys for the holidays in its community. The Carson City, Nev.-based institution provided over 500 toys to a string of local charities.
Santa Claus is coming to town
One member of Affinity Plus Federal Credit Union in St. Paul, Minn., received a greeting from Santa and a check for $1,000. The member had won the statewide holiday drawing that Affinity offers for special savers.
The volunteer Christmas tree decorating team of Altura Credit Union in Riverside, Calif., assisted hundreds of children in holiday-themed arts and crafts at the 29th Annual Festival of Trees.
As COVID-19 infections break records nationwide, some banks are once again closing lobbies. But many others are maintaining the status quo after instituting a host of safety protocols that didn’t exist in the spring.
The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.
Hospitality sector credits are coming out of forebearance just as coronavirus cases surge. Restructurings and charge-offs could mount unless vaccine distribution happens quickly enough to jump-start travel by mid-2021.