Redstone FCU, Huntsville, Ala., donated $2.5 million to the Huntsville Library Foundation, which operates libraries in the county where Redstone has its headquarters.
Freedom FCU, Bel Air, Md., named Alisa Janiski as the winner in its 2016 Golden Apple-Plus Annual Educator Award competition. Ms. Janiski, a teacher at both Church Creek Elementary and Roye-Williams Elementary, won the top $1,000 prize.
Charter Oak FCU, Waterford, Conn., awarded $2,000 college scholarships to 44 students. The total of $88,000 is the CUs largest disbursement of scholarship funds to date.
Los Angeles FCU, Glendale, Calif., in partnership with the American Red Cross, collected 17 pints at its annual Bloodmobile Drive, which will help 51 local area patients. Separately, the CU celebrated its totally 80th birthday with rad raffles at all of its locations.
Langley FCU, Newport News, Va., presented four deserving young members with the Jean M. Yokum $5,000 college scholarship award for academic achievement, a total of $20,000.
Americas Christian CU, Glendora, Calif., held a clothing drive to benefit one of its key charitable partners, Shepherds Pantry of Glendora.
Arizona FCU, Phoenix, participated in the #RockOneSock awareness campaign. Participating employees who wore one sock and donated money to the National Center for Missing & Exploited Children were entered into a raffle for awesome prizes donated by vendors (including an Apple watch). Employees raised a total of $795.55 for the cause.
At each annual CU Association of the Dakotas Summit, a local charity is selected to receive donations. This year it was the Central Dakota Humane Society, Mandan, N.D., which received $225 in cash plus postage stamps and numerous items needed for animal care.
Sharon CU, Sharon, Mass., kicked off its year-long free financial education series for local residents and businesses with two free first-time home buyer seminars.
Volunteers from Align CU, Lowell, Mass., hosted four CU 4 Reality Fairs for students in the Greater Lowell area. The Fairs help prepare students for real life personal financial decisions by teaching them about career development and personal money management.
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.
The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform.