Military Recreation Center Gets CUBacking

January 18, 2006, 1:00 a.m. EST 1 Min Read

EL PASO, Texas - (01/18/06) -- A new USO recreation center at FortBliss is expected to be unveiled later this spring, courtesy ofFirstLight FCU. The credit union, known until last July as FortBliss FCU, donated $250,000 to the project, which required thegutting and renovation of an existing facility on base. The centerwill provide free Internet access, a large-screen televisionviewing area, gaming, study room, library, reading room and snackbar to as many as 20,000 active duty military personnel and theirfamilies when it opens in March. Fort Bliss serves as a trainingfacility for all Reserve and National Guard replacement unitscurrently deployed in Southwest Asia, and another 15,000 troops areexpected to transfer there over the next few years.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Politics and policy

How the Trump administration has neutralized the CFPB

Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.

By Kate Berry

4h ago
Monetary policy

More rate cuts eyed as Fed zeroes in on soft labor market

Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.

By Maria Volkova

September 17
Bank stocks

Bank stocks rise on Fed's first rate cut of 2025

The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.

By Allissa Kline

September 17
Community banking

New York bank doubles down on insurance with big investment

Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.

By John Reosti

September 17
Stablecoin

Minnesota credit union is launching its own stablecoin

St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.

By Melinda Huspen

September 17
Apple Pay

Affirm, Klarna, deepen ties with Apple

The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.

By Joey Pizzolato

September 17