The "Business of the Year" award was bestowed on Mora, Minn.-based SPIRE Credit Union to recognize the financial institution's success in growth, community economic impact, customer service and positive employee workplace.
Gerber Federal Credit Union upped its donation record with United Way after the Fremont, Mich.-based CU presented a check worth $14,254.74 to the organization.
San Antonio, Texas.-based Security Service Credit Union's Charitable Foundation presented a $6,000 donation to the Children's Hunger Fund, an organization that has served South Texas for over 10 years.
Hosting its fifth annual community shred day, Service One Credit Union of Bowling Green, Ky., disposed of nearly three tons of paper. All shredded paper was recycled, saving hundreds of trees. A total of $1,280 was raised to support the Center for Courageous Kids thanks to donations from the event.
David Portillo,9, left, with his mom Susana and sister Sarah,7, of Los Angeles are all smiles after receiving a holiday package at Federal Credit Union's Annual Holiday Food Drive at Jesse Owens Park in Los Angeles Sunday November 18, 2018. Photo by Sean Hiller
Helping families in need
Manhattan Beach, Calif.-based Kinecta FCU commemorated 45 years of holiday giving by distributing grocery store gift certificates to 1,000 families in need.
North Jersey FCU, Totowa N.J., presented its Community Spirit Award to two local business organizations at its eighth annual Business Summit at its Totowa branch.
New set of wheels
Cy-Fair Federal Credit Union in Houston awarded a new Dodge Journey to a representative of Danish Elementary during the Cy-Fair Education Foundation's "Salute to the Stars" gala. The annual event celebrates the district's top educators.
Santa? I know him!
Members of Waltham, Mass.-based RTN Federal Credit Union celebrated Member Appreciation Day. The event invited members to enjoy refreshments, participate in giveaways and take photos with Santa.
Community First Credit Union in Jacksonville, Fla., celebrated the opening of its 19th branch. The new branch is a component in the CU's expansion that's fueled by its "Branch Transformation Project."
Helping those who grieve
Robins Financial Credit Union in Warner Robins, Ga., sponsored a youth camp for grieving children dealing with the loss of loved ones. The camp assists children with the grieving process and helps them move on in their lives.
The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said.
What's behind the unlikely First Citizens-CIT deal; ex-Trump adviser Gary Cohn predicts bleak future for community banks; midsize banks gird for loan defaults, more margin pressure; and more from this week's most-read stories.