Hanscom FCU, Hanscom Air Force Base, Mass., held its second Hero Among Us night. Honoree Ken Hopkins and his wife Barbara celebrated their 67th wedding anniversary that evening. Hopkins, 86, is one of the countrys few remaining World War II veterans. He also fought in Korea and Vietnam. Separately, the CU visited Fisher House Boston to cook dinner for families.
Genisys CU, Auburn Hills, Mich., received the 2016 Economic Bright Spots Award from Corp! Magazine. It was the only financial institution recognized as a Michigan Bright Spot. Also, the CU was ranked as one of the healthiest credit unions in the nation by DepositAccounts.com.
The Alaska CU League donated $2,500 to the Fairbanks Community Food Bank, and assisted the food bank in collecting and distributing food to those in need in the Tanana Valley.
Tower FCU, Laurel, Md., was named Member of the Year by one of the regions largest economic development associations, the BWI Business Partnership, for the CUs deep roots in the community and its contributions to the areas economy.
In collaboration with development partners and support from individual and credit union contributions, WOCCUs Worldwide Foundation provided Nepal Federation of Saving and Credit Cooperative Union Limited with a $175,000 grant to repair building structures, replace equipment and train management officers in disaster recovery.
Great Lakes CU, Bannockburn, Ill., awarded $1,000 scholarships to six students. Separately, GLCUs Random Act of Kindness initiative continued with a visit to a local cinema, surprising 25 movie patrons with free admission and a $100 donation to help fund a trip to Australia.
In Austin, Texas, United Heritage CUs Charity Foundations sixth-annual Auto Raffle raised a record $70,424. Funds raised through raffle ticket sales make possible the Charity Foundations charitable objectives throughout the year.
Launch FCU, Merritt Island, Fla., opened five mortgage centers at strategic locations throughout its membership area to better serve members with their home loan needs.
Black Hills FCU, Rapid City, S.D., received the CU Social Good Award from the Credit Union Association of the Dakotas. This award is given to one CU in each asset category that has positively affected its community with charitable donations and volunteer work. Black Hills FCU won in CUs with more than $200 million in assets.
As 50 athletes with disabilities took to the fields for the final day of the OC Miracle League season, more than 60 employees of Credit Union of Southern California (CU SoCal), Anaheim, Calif., hosted family-fun activities, barbequed and raffled gift baskets on the sidelines.
Three CU CEOs from New York State participated in a panel discussion moderated by the Federal Home Loan Bank of NY at the CU Association of NYs Annual Conference: Brian Synder, Olean Area FCU, Olean, N.Y., Scott Wilson, SeaComm FCU, Massena, N.Y., and John Deecher, Utica Gas & Electric Employees FCU, Utica, N.Y.
First Tech FCU, Mountain View, Calif., hosted the 4th annual Dave & Dan Classic, which raised a record-breaking $1.1 million in support of Credit Unions for Kids, benefitting six Childrens Miracle Network Hospitals.
TruMark Financial CU, Fort Washington, Pa., hosted 121 golfers at its first annual golf outing. The event raised $20,000 in support of the CUs financial literacy initiative, Building Financial Futures. Separately, employees wore jeans on two Fridays, raising $800 for Junior Achievement of Southeastern Pennsylvania. The CU also recently opened a branch in the Chestnut Hill section of Philadelphia.
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.
CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them.
The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic relief efforts, but President-elect Biden’s Treasury nominee could help turn the spigot back on.