Santa Rosa, Calif-based Redwood CU swept the title of Best Credit Union in Sonoma County for the seventh year in a row. Each year the Press Democrat extends its readership a chance to recognize their favorite Sonoma County people, places or businesses.
The Sacramento Business Journal has named Folsom, Calif.-based SAFE CU as one of the best places to work in 2018. Each year, the Business Journal surveys employees in the region to determine the most desirable characteristics in a workplace.
Waterloo, Iowa-based Veridian CU opened its fifth Omaha-area branch with a ribbon ceremony. The new branch spans over 5,000 square feet and will offer commercial, mortgage and consumer lending services.
Ten years at the top
Genisys Credit Union, based in Auburn Hills, Mich., received three top workplace awards. The CU was named a top worklace by the Detroit Free Press newspaper for the 10th consecutive year.
Rocky Hill, Conn.-based Nutmeg State Financial CU hosted a recycling event to ensure proper disposal of electronic devices. Two dumpsters and a truckload of electronics were securely destroyed and disposed.
Jeans and donations
In its eighth consecutive year, Somerville, Mass.- Naveo CU participated in the Miracle Jeans Day initiative and raised over $1,500 in funds for Boston Children's Hospital. Naveo employees swapped business attire for jeans in exchange for donations to the hospital.
Assisting those in need
Fremont, Mich.-based Gerber Credit Union raised nearly $2 million for Newaygo County Compassion Home to go toward the terminally ill. Employees also donated home items to community members in need.
Dot com accolades
York, Penn.-based First Capital CU received the ".com Award" for best website from the Pennsylvania Credit Union Association. The CU's home page images often rotate and feature well-known places throughout York County.
A fresh start
Evansville Teachers FCU based in Evansville, Ind. funded a Habitat for Humanity house build through payroll deductions. This marks the 492nd home built by the CU's local chapter.
Slew of local charities receive donations
Anaheim, Calif-based CU of Southern California donated $200,000 to be spread among 15 local charities, including a crisis shelter, a chapter of the Boys & Girls Club and a little league site for field maintenance. Donations ranged from $5,000 to $50,000.
Waiting for the SBA to sign off on PPP loan forgiveness; banks criticized for requiring balloon payments on loans in forbearance; how backlash over Scharf remarks affects Wells Fargo’s diversity push; and more from this week’s most-read stories.
Banks' restaurant and hotel clients in many oceanside communities are seeing an uptick in business as travelers opt for short hops over long hauls during the coronavirus crisis. But activity could slow as colder weather approaches.
The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.”
Russia's largest bank is reinventing itself as a technology company and selling its own consumer electronic devices. Its chief tech officer says the moves are all about developing broader, more enduring customer relationships that the bank controls fully.