Sacramento, Calif.-based Golden 1 CU expanded home loan services in Santa Clara County with the opening of its first location dedicated to home loans, located in Campbell, Calif. The event included a ribbon-cutting ceremony with the Campbell Chamber of Commerce.
Golfing for vets
Members of Liberty Bay CU, Braintree, Mass., supported the Disabled American Veterans at the 10th annual Corporate Golf Outing held at Granite Links Golf Course in Quincy, Mass. Funds raised at the event are specifically used to offset DAV’s service programs.
GCS helps cover education costs
GCS Credit Union, Granite City, Ill., awarded the $2,000 Nicole R. Thorp Scholarship to Karlie Jeffries of Collinsville High School.
Recognizing young scholars
TruStone Financial FCU, Plymouth, Minn., and its TruStone Financial Foundation awarded $12,000 in scholarships to nine high school seniors. Applicants were scored on their academic merit, extracurricular activities, work experience and an essay on financial management.
Coming soon: New HQ
Christian Financial CU is building a new, $12 million headquarters in Sterling Heights, Mich. The CU’s current headquarters in Roseville, Mich., was built in 1970 when it had $20 million in assets. Today, it is nearly $400 million in assets and is running out of space. The new building will allow the CU to continue its current trajectory of member-focused growth.
The magnificent seven
Dort FCU, Grand Blanc, Mich., awarded scholarships in the amount of $1,000 each to 7 students. Keeping with Dort FCU tradition, all applicants were asked to submit a brief essay describing what the credit union philosophy “People Helping People” means to them.
CU at the gala
At its Gala Event, Financial Resources FCU, Bridgewater, N.J., and its Foundation presented checks to the Martin Luther King Youth Center and to Binnacle House for $7,500 each. An additional $2,000 was pledged to the RWJ Healthy Smiles Program. The Gala at The Palace at Somerset Park included dinner, entertainment and a silent auction.
Belco gives back
Belco Community CU, Harrisburg, Pa., awarded $1,000 scholarships to five student member-owners. Winners were chosen based on their educational accomplishments, activities and an essay they submit on a chosen topic related to credit unions and personal finance.
Ascentra breaks ground
Bettendorf, Iowa-based Ascentra Credit Union broke ground on its new home office and financial center at the corner of Grant Street and 19th Street in Bettendorf. With membership growing, Ascentra will be housing more support staff. The $10 million investment will retain 50 jobs and bring another 20 to downtown Bettendorf upon completion in mid-2019.
Advantage One CU, Brownstown, Mich., awarded scholarships in the amount of $2,500 each to three local students. They were selected based on an essay competition, with consideration given to their academic accomplishments and participation in both school and community activities.
Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.
MagicCube’s i-Accept is a hardware-free option for accepting card and electronic payments that could appeal to cost-conscious small businesses and open up a new market for banks that provide them payments services.
Online fraud typically spikes when holiday shopping begins in November, but so-called friendly fraud poses another big threat this year with the pandemic pushing more consumers — and inexperienced merchants — to online sales channels.