TruMark Financial Credit Union of Fort Washington, Pa., raised over $35,000 for financial literacy programs through its ninth annual Kiss-A-Pig fundraiser. Local leaders puckered up to kiss Raines, a pot-bellied pig, to raise the funds.
Alan G. Stabler
America's First Credit Union based in Birmingham, Ala., raised $120,000 for three local charities — including American Foundation for Suicide Prevention, Aletheia House and Sight Savers America — throughout 2019. The funds were split equally among the three charities.
Stop, drop and roll
Genisys Credit Union of Auburn Hills, Mich., sponsored a fire safety program that educated students on the importance of fire prevention.
Glacier Hills Credit Union in West Bend, Wis., awarded $850 to one of its members, Sheryl Dorsey, in honor of its 85th anniversary.
East Hartford, Conn.-based American Eagle Financial Credit Union issued a $5,000 grant to a local church to benefit a food program.
Supporting the police
Members First Credit Union in Manchester, N.H., donated $7,500 to the Manchester Police Athletic League by sponsoring the 13th annual Footrace for the Fallen 5k.
I'm lovin' it
Warner Robins, Ga.-based Robins Financial Credit Union celebrated International Credit Union Day by volunteering at the Ronald McDonald House.
Preparing for adulthood
Greensboro, N.C.-based Summit Credit Union hosted its first annual Taste of Reality Fair. The event helped young adults prepare for the financial responsibility of being an adult.
Here to support
Medford, N.Y.-based Suffolk Federal Credit Union supported the Victims Information Bureau of Suffolk with a $1,000 donation.
PenFed Foundation dedicated a new playground to local elementary school students in what is the equivalent of a $50,000 donation. The foundation is a charitable arm of the McLean, Va.-based Pentagon Federal Credit Union.
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.