NewGround, a St. Louis-based design-build firm, broke ground for St. Paul, Minn.-based City & County CU’s new branch in Eagan, Minn. When complete, the new, 3,600-square-foot branch will feature the latest in technology such as a cash bar, SMART ATMs and digital displays. The branch is expected to be completed in summer 2018.
Dover FCU pays the bills
Dover FCU, Dover, Del., held a drawing for members of the Delaware Electric Cooperative to win one month’s electric bill paid on their behalf. Bill McVay was randomly selected as the lucky winner and received a $250 credit to his DEC account.
CU of America honors nurses
Credit Union of America, Wichita, Kan., awarded $500 nurse scholarships to Morgan Myres, Allison Wantland and Sarah Swank (pictured). Separately, CU of America awarded $100 each to the three winners of the latest Save to Win prize-linked certificate of deposit raffle.
Michigan Legacy CU, Pontiac, Mich., raised $4,453 as part of its backpack drive. The CU donated 540 backpacks, and the collected funds enabled every backpack to be stuffed with folders, notebooks, crayons, pencils, pens, rulers, glue sticks, colored pencils, markers, erasers, scissors and hand sanitizer.
Golf tournament for a good cause
TEG Federal Credit Union, Poughkeepsie, N.Y., donated $1,250 to the New Hamburg Yacht Club through its 14th Anniversary Day of Golf Benefit for Meals on Wheels of Wappinger Falls.
Thrive honors community leaders
Thrive CU, Muncie, Ind., presented the Thrive Community Leader Award to Judge Marianne Vorhees. Vorhees is a Circuit Court Judge for Delaware County and a current board member on the Community Foundation of Muncie and Delaware County.
Pen Air's new digs
Pensacola, Fla.-based Pen Air FCU opened the doors to its newest location on Airport Boulevard in Pensacola. It is the 16th full-service branch for the CU, along with three student-run credit unions at local high schools. The new branch features the latest in banking technology with Pen Air LIVE (Live Interactive Video Experience) teller machines in the drive thru lanes.
Redstone opens first in-school branch
Redstone FCU, Huntsville, Ala., opened its first in-school branch at Hartselle High School. Five students and two teachers spent time training at Redstone to be ready to take deposits, cash checks, offer gift cards, make transfers and much more. Redstone will offer financial education workshops for students and staff throughout the school year.
LAFCU awards scholarship
LAFCU, Lansing, Mich., awarded a $1,000 scholarship to Lansing Community College to Matt Ash, who is a firefighter and paramedic with the Delta Township Fire Department.
Advocating for children
Employees of GCS Credit Union, Granite City, Ill., joined together to raise $945 in one month to benefit The Amy Schulz Child Advocacy Center.
South African bank's approach to chatbots offers lessons for U.S. players; small lenders embrace automation for latest PPP round; flush with capital, Canadian banks eye U.S. acquisitions; and more from this week's most-read stories.
The OCC had hit James Strother and other executives with civil charges a year ago in connection with the bank's phony-accounts scandal. His monetary penalty is lower than what the agency had first floated.
Federal relief efforts have minimized loan losses so far, but risks remain in credit card, auto and business lending. Many borrowers will need another lifeline to stay afloat until the economy rebounds, CEO Jamie Dimon says.