The Elevations Foundation of Boudler, Colo., awarded $84,250 worth of college scholarships to 33 local students.
Helping those in crisis
Security Service Credit Union of San Antonio, Texas, issued a $6,000 donation to a family crisis center to assist the organization in purchasing a new freezer. The center serves over 100,000 meals annually.
Ready for college
Three students are more prepared to pay for college thanks to scholarships from TBA Credit Union of Traverse City, Mich.
Helping with housing
Numerica Credit Union received the Mission in Action Award for the credit union's support of young adult housing programs, including a $30,000 commitment by the Spokane Valley, Wash.-based CU.
A different kind of backpacking
Stratford, Conn.-based Sikorsky Credit Union donated 250 backpacks to a community center to help children attending a summer camp program.
Earthmover Credit Union in Oswego, Ill., awarded four scholarships totaling $4,000 to high school students for their academic achievements.
Kellogg Community Credit Union joined forces with United Way to host a diaper drive across the Battle Creek, Mich.-based CU's 13 branches.
Work ethic recognized
Warner Robins, Ga.-based Robins Financial Credit Union recognized 14 high school seniors for their work ethic by awarding each student a $2,000 scholarship.
Revamping the classroom
Teachers can thank Flint, Mich.-based Financial Plus Credit Union for a $1,500 award to redesign the classroom.
Advantage One Credit Union of Brownstown, Mich., awarded three academic scholarships to students through an essay-based competition.
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.