Twelve local nonprofit organizations received support from the Credit Union of Ohio thanks to the institution's new Denim and Donations program. The Hilliard, Ohio-based institution invited staff members to donate $10 to wear jeans to work to support the effort.
Returning to the alma mater
Barbara J. Bowker, Pennsylvania State Employees Credit Union's vice president of marketing and membership, gave a graduation address for the winter class of 2018 at her alma mater, Shippensburg University.
Stratford, Conn.-based Sikorsky Credit Union hosted a "reality check" fair to give high schoolers a taste of financial life as an adult. Students were able to immerse themselves in real-life financial decision-making about how to pay for housing, food and utilities.
Spelling bee champ
WFCU Credit Union sponsored a spelling bee that involved 28 participants across 14 local schools with a total of 50 rounds. The credit union is based in Windsor and Essex County in Ontario and gifted the winner a $200 scholarship that can be put toward post-secondary education.
Credit Union of Texas in Dallas issued a scholarship for a local fire department for the second year in a row.
BMI Federal Credit Union sponsored a walk for autism. The Dublin, Ohio-based CU also donated $2,000 to assist autism research efforts in previous months.
A generous gift
Over $400,000 was donated to the community of Neighbors Federal Credit Union in Baton Rouge, La. Contributions were broken down into seven areas, with education and community empowerment receiving the most money.
Kelly Heck Photography
First Financial Federal Credit Union in Westminster, Md., partnered with its local chapter of the Boys and Girls Club for a homework assistance program. The institution provided the organization with a $50,000 check to assist with technology geared toward advancing education.
Falcon Heights, Minn.-based SPIRE Credit Union was recognized for its excellence in lending in 2018. The award was co-sponsored by CUNA Mutual Group and the Credit Union National Association.
In this holiday themed throwback, Lansing, Mich.-based LAFCU hosted a community breakfast where 230 children and their families enjoyed the presence of Saint Nick. The event was free and open to everyone.
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.