Dr. Ben Carson, Secretary of the Department of Housing and Urban Development, visited the newly made over headquarters of HUD Federal Credit Union. Secretary Carson was the first to ring the "Financial Freedom Bell.” The bell will acknowledge every new HUD FCU member who opens an account.
Miracle Jeans Day celebration
Employees of Kinecta FCU, Manhattan Beach, Calif., celebrated National Miracle Jeans Day with department and branch potlucks and pictures. Further, the CU celebrated an entire month, with each Wednesday hosting a fun activity to support Children’s Miracle Network Hospitals.
Dora Maxwell honors for Ideal CU
Ideal CU, Woodbury, Minn., won a 2017 Dora Maxwell Social Responsibility Community Service Award from the Minnesota Credit Union Network and CUNA for its involvement in the MN Brain Tumor 5K.
Pacific Marine breaks ground
Oceanside, Calif.-based Pacific Marine CU held a groundbreaking ceremony as construction began on its third branch onboard Camp Pendleton. Brigadier General Kevin J. Killea and Sergeant Major Julio E. Meza were among the attendees. The new Pacific Plaza branch, projected to open in early 2018, will be located near Camp Pendleton’s Main Gate.
Shred Fest 2017 continues
Each year, New England FCU, Williston, Vt., holds three Shred Fest events to help prevent identity theft by destroying documents and hard drives that contain sensitive personal information. All Shred Fests are free and open to the public. In 2017, NEFCU Shred Fests destroyed more than 65,000 lbs. of documents and 274 computer hard drives.
Mission FCU, San Diego, participated in Credit Unions for Kids, a nonprofit collaboration of local credit unions, chapters, leagues/associations and business partners engaged in fundraising activities to benefit Rady Children’s Hospital. Through the annual CU4Kids Wine Auction, the collaborative effort raised more than $78,000.
HRCU's honorary garden
Holy Rosary CU, Rochester, N.H., officially dedicated the garden at its headquarters branch as the Richard “Dick” Sylvain Memorial Garden. Sylvain was a former staff member and longtime volunteer who passed away in 2016 after 43 years of dedicated service to HRCU.
Hurricane relief fundraiser
Diamond CU, Pottstown, Pa., held a car wash fundraiser to support the American Red Cross on its Hurricane Harvey relief efforts. The event took place at Diamond’s Exeter branch.
Belco employees wear jeans for a good cause
Employees of Belco Community CU, Harrisburg, Pa., participated in Children’s Miracle Network’s Miracle Jeans Day, as 53 staffers donated money to wear jeans to work. It raised $590.50 in support of the local Penn State Children’s Hospital in Hershey, Pa.
Supporting the National Exchange Club
Financial Center First CU, Indianapolis, presented the National Exchange Club Region 7 with a $1,500 check to support the club’s Americanism efforts throughout Indianapolis.
Golf tournament for heroes
Buffalo Metropolitan FCU, Buffalo, N.Y., held a charity golf tournament to benefit WNY Heroes, Inc. The tournament raised a BMFCU record $15,000, and BMFCU held dress-down days showing off WNY Heroes apparel to help raise awareness of the important work WNY Heroes is doing for local veterans.
School supply donation
Andrews FCU, Suitland, Md., distributed school supplies for students in Germany during the Wiesbaden/Hainerberg Main Exchange’s Back-to-School Expo. Attendees also were offered an opportunity to win Andrews FCU apparel and prizes.
Participation in the Paycheck Protection Program and other emergency lending during the pandemic has swelled many small banks’ balance sheets. Federal regulators are giving them a temporary pass on supervisory requirements tied to their size.
Some large banks have come under fire from the GOP for curbing services to firms in controversial industries, such as firearms and fossil fuels. A proposal by the Office of the Comptroller of the Currency aims to block banks from taking such stances.
Why PNC spent its war chest on BBVA; Trump’s 11th-hour nomination of Brian Brooks to run OCC complicates Biden regulatory agenda; Senate may not flip but Banking Committee is poised for shake-up; and more from this week’s most-read stories.