The New York Credit Union Association was joined at the state capitol by more than 150 credit union advocates who gathered in celebration of International Credit Union Week and the Association’s 100-year anniversary. During the event—which was attended by state lawmakers—the Association unveiled a document signed by more than 300 New York CUs pledging to support the credit union mission and philosophy for the next 100 years and beyond.
Team enrichment day
Kellogg Community CU, Battle Creek, Mich., held its annual Team Enrichment Day, which started with training, then moving on to volunteering a total of 392 hours at local charitable organizations, including Binder Park Zoo, Leila Arboretum, Charitable Union, Building Blocks of Kalamazoo, YWCA of Kalamazoo and Women at Risk in Grand Rapids.
CU1 gets busy fundraising
Credit Union 1, Anchorage, Alaska, had a busy quarter of fundraising and volunteering. It collected a total of $13,652.68 for its One for All Alaska Fund Partners, Best Beginnings and The Red Cross of America in Alaska. The CU’s Nome branch held a silent auction for its One for All Alaska Fund partner, the Nome Preschool Association, that raised $10,000. Employees volunteered more than 1,291 hours at several non-profits.
United breaks ground
St. Joseph, Mich.-based United FCU broke ground on its first branch in South Bend, Ind. The project marks the start of an expansion in Michiana that eventually will include six branches in St. Joseph County. The new branch will be on the city’s south side.
Credit union professionals from around the country gathered in Madison, Wis., for Corporate Central CU’s Economic Outlook Conference. The event offered economic insights and covered issues related to fiscal policy, financial markets and consumer behavior.
A unique way to make a difference
Paul Perini III, Belco Community CU’s senior VP and Big Brothers Big Sisters of the Capital Region Board Chairman, rappelled from Market Street Plaza in Harrisburg, Pa., to raise $1,750 in donations for the Big Brothers Big Sisters of the Capital Region Over the Edge fundraiser.
True Sky expands
Oklahoma City, Okla.-based True Sky CU officially opened its branch in Yukon, Okla. The full-service facility is the CU’s eighth location. A ribbon-cutting ceremony hosted by the Yukon Chamber featured entertainment, food and a number of door prizes.
Firefly on the Hill
Bill Raker, president and CEO of Firefly CU, Burnsville, Minn., along with 12 other credit union professionals, visited federal legislators in Washington, D.C., as part of Hike the Hill, an event coordinated by the Minnesota Credit Union Network.
Tinker FCU, Oklahoma City, Okla., was recognized for partnering with Oklahoma Honor Flights to help the organization honor veterans by transporting these heroes to Washington, D.C. to visit the memorials built in their honor. Top priority is given to senior veterans, especially World War II veterans, and those with terminal illnesses.
Mass. CUs give kids a good night's sleep
Credit unions in Western Massachusetts gave children growing up in poverty a chance at a good night's sleep as they continued to deliver 60 beds with $14,500 they raised for "A Bed for Every Child." Twenty of the 60 beds went to kids throughout the Springfield (Mass.) Public School system.
Making a difference for kids
Credit unions across the nation went casual for the annual Credit Unions for Kids Miracle Jeans Day event in support of Children’s Miracle Network Hospitals. Credit union employees donated $5 each for the opportunity to wear jeans to work mid-week. Proceeds will be donated to the credit union’s local Children’s Miracle Network Hospital. More than 400 CUs participated, up from approximately 300 the year before.
From the industry's extraordinary response to the coronavirus outbreak to Citigroup promoting Jane Fraser to CEO, these are some of the storylines that defined banking in 2020. First in a two-part series.
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.