The Southeast Credit Union Foundation is fundraising to help CUs and victims of Hurricane Dorian in the Bahamas. The foundation stems from IBM Southeast Employees' Credit Union in Delray Beach, Fla.
Two new homes
"America First Credit Union of Riverdale, Utah, built two custom houses by partnering with HGTV's "Extreme Makeover: Home Edition."
Helping the military
Pentagon Federal Credit Union in Mclean, Va., and PenFed Foundation donated $250,000 to the National Military Family Association. One of NMFA's programs is Operation Purple Buddy Camp, which allows children of military members to reconnect with a relative after a parent's deployment or injury.
Lake Trust Credit Union of Brighton, Mich., awarded over $45,000 worth of scholarships to Michigan residents through its annual scholarship program. Some of the scholarship awards will allow winners to pursue skilled trades or technical programs.
Hanscom AFB, Mass.-based Hanscom Federal Credit Union honored an Air Force pilot, Major Kristen Cepak, during a baseball game.
GTE Financial Credit Union donated over $32,000 to its local Boys and Girls Club chapter. The Tampa, Fla.-based CU's donation will help with programs and services for Tampa Bay's youth.
Hit the books
Michigan State University Federal Credit Union of East Lansing, Mich., helped students start their year off right by donating supplies to area schools.
Some fun after school
Troy Public Schools received a $15,000 donation from Caliente, Nev.-based Lincoln County Credit Union. The money will be used for an after-school program for the new academic year.
Retro Night Glow
Robins Financial Credit Union of Warner Robins, Ga., sponsored a Retro Night Glow event by contributing $1,000.
Starting the year off right
Jeanne D'Arc Credit Union of Lowell, Mass., donated school supplies to its local Boys and Girls Club chapter.
As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.
With the sector facing serious headwinds — from declining enrollment during the pandemic to the prospect of a Biden administration making college free for many families — the departure of a major player could be a shot in the arm for the likes of Discover and Sallie Mae.
The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by banks and others, critics of the move say.
The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession.