Lansing, Mich.-based LAFCU’s giant letters won the 2017 MAC Gold Award for Outdoor Advertising and the MAC Silver Award for Community Engagement, the first year for the category, presented by the Marketing Association of Credit Unions.
Albuquerque, N.M.-based Nusenda CU opened its newest branch, located at The Village @ La Orilla on Albuquerque’s Westside. It is Nusenda’s 19th branch in the state and the first branch to open in 2017.
HFS Federal Credit Union, Hilo, Hawaii, took donations from members and staff to raise $26,400.14 for Big Island Hospice Centers.
SPIRE gets and gives honors
SPIRE CU, Falcon Heights, Minn., took home four awards from the Marketing Association of Credit Unions. Separately, the CU awarded a $500 Traditional Scholarship to East Ridge High School student Mallory Bannink, who is attending Brigham Young University, Idaho.
More than $400,000 in scholarships
Golden 1 CU, Sacramento, Calif., awarded more than $400,500 in scholarships to 43 California students as part of its ongoing effort to invest in the state’s future leaders. The recipients hail from across the state and range in education level from incoming college freshmen to seniors.
Suffolk raises money for breast cancer awareness
Each year, Medford, N.Y.-based Suffolk FCU and its members support the LI2Day Breast Cancer Walk, a local nonprofit that raises funds and awareness for families affected by breast cancer. With a combined sponsorship donation and member fundraising efforts, Suffolk Federal has raised more than $5,400 for the cause.
Classroom heroes recognized
San Diego County CU’s Classroom Heroes program honored Nancy Sandoval, who teaches fourth grade at Oneonta Elementary School. Sandoval received a $500 SDCCU Visa gift card, plus she was recognized as a Classroom Hero on a billboard in her community.
Athletics department says thank you
New Horizons CU, Mobile, Ala., was given a signed and framed football jersey, a token of appreciation from the University of South Alabama Athletic Department for the CU’s commitment to the school’s athletic and academic endowment programs.
Scott CU, Edwardsville, Ill., continued its partnership with the American Cancer Society, presenting the organization with $20,000 to sponsor the ACS Farm to Table fundraiser, 11 Relay for Life events, and Coaches vs. Cancer events at local high schools and universities this year.
$140,000 in scholarships
The NWFCU Foundation, the charitable arm of Northwest FCU, Herndon, Va., awarded $140,000 in scholarships to 26 students and launched its new Higher Education Community College award as part of the Foundation’s annual Scholarship Program.
Student essay contest winner
Kunsopheary Kang, an eighth grader and member of Jeanne D’Arc CU, Lowell, Mass., was one of seven finalists in the Massachusetts state-wide essay contest, sponsored by the Cooperative CU Association. Kang won $250.
First Atlantic awards scholarships
First Atlantic FCU, Eatontown, N.J., awarded scholarships in the amount of $1,000 each to four local graduating high school seniors.
Community Service Scholarships
Desert Schools CU, Phoenix, awarded $32,500 in Community Service Scholarships to seven high school seniors from the Phoenix area. The winners were rewarded for their charitable outreach efforts within the community, while maintaining above average grades in school.
The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said.
What's behind the unlikely First Citizens-CIT deal; ex-Trump adviser Gary Cohn predicts bleak future for community banks; midsize banks gird for loan defaults, more margin pressure; and more from this week's most-read stories.