Staff from St. Cloud Financial CU in St. Cloud, Minn. took part in the credit union’s fifth annual Columbus Day “Community Day of Giving,” volunteering at a variety of local organizations and cleaning up several different facilities.
Tidemark takes part
Tidemark FCU in Seaford, Del. Sponsored the Delmarva Easterseals 2019 Walk With Me & 5K Fun Run. More than two dozen employees from the credit union and their families participated in the event.
Nature center donation
The Royal Credit Union Foundation in Hudson, Wis. donated $250,000 to the Pathways to Discovery Campaign in support of the new nature center at Willow River State Park.
'Caring it Forward'
Staff at Mayo Employees FCU took part in Caring it Forward Day, a statewide day of service for Minnesota credit unions. Among the groups MEFCU worked to help was the Paws and Claws Humane Society, as well as a flu shot clinic with a local partner and a community shred day.
MIDream grant recipient
Michigan State University FCU in East Lansing, Mich. partnered with the Michigan Education Association to create and present the MIDream Grant. The first recipient was Amanda Young, a teacher from Bay City, Mich., who used the grant funds to create a lending library for students.
Taunton FCU in Taunton, Mass. donated $2,000 to Pro-Home Inc., a local nonprofit housing counseling agency. The credit union has committed to providing a total of $6,000 in donations over the next three years.
Trio of CUs teams up
Pennsylvania-based Tri-County Area FCU, Diamond CU and Citadel FCU joined forces to hold a financial reality fair for 375 Pottsgrove High School students.
Figure Technologies would only accept uninsured deposits, so it would not be subject to Fed or FDIC oversight. A major concern for banks is that the effort could open the door to incursions by bigger tech companies.
Board member Todd Harper was concerned that the credit union regulator was not adequately preparing for the impact of prolonged economic turmoil and could be caught "flat-footed" as it was heading into the last crisis.