Thanks to Veridian Credit Union's Community Shred Day, Iowans have safely discarded over one million pounds of sensitive documents through the Waterloo, Iowa-based CU's community event.
The PenFed Foundation raised a record amount for veterans and the military during its 16th annual military heroes golf classic. The foundation is affiliated with the McLean, Va.-based Pentagon Federal Credit Union.
Walking for St. Jude's
Employees of the Fort Mill, S.C.-based Sharonview Federal Credit Union participated in a walk that raised over $449,000 for St. Jude Children's Research Hospital.
Virginia Beach, Va.-based Chartway Federal Credit Union's board of directors and senior team helped construct a playground for Landon, a local 4-year-old receiving cancer treatment.
San Diego County Credit Union was recognized as one of the top 50 community-minded companies in Orange County by the Orange County Business Journal.
Back to school cool
Advantage One Credit Union in Brownstown, Mich., collected school supplies for its Stuff the Bus Back to School event.
Members First Credit Union in Manchester, N.H., donated $15,000 to the Manchester Police Athletic League and sponsored the debut MPAL Ball.
Good deeds ahead
Merrimack Valley Credit Union in Lawrence, Mass., and its division, Bridgewater Credit Union, donated $6,000. The money went toward performing good deeds for strangers.
Making money moves
Contestants got to show off their financial literacy knowledge during the Money Moves Mobile, a challenge presented by Silver State Schools Credit Union of Nevada.
Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.
The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform.