Fort Washington, Pa.-based TruMark Financial CU celebrated the opening of its student credit union branch in Union Hall on La Salle University’s main campus with a ribbon-cutting ceremony. CU employees will offer personal finance presentations to students.
Security Service FCU gives back
The Charitable Foundation for San Antonio-based Security Service FCU donated $2,500 to the Epilepsy Foundation Central & South Texas to purchase custom-fit and medically necessary helmets for disadvantaged youth and adults with epilepsy. Separately, the CU gave $3,000 to DaisyCares to be used to provide 10,000 pounds of pet food, four life-saving grants for veterinary medical care and animal welfare education to 250 children.
Credit Union of the Year award
Vantage West CU, Tucson, Ariz., received the 2017 Credit Union of the Year Award (Over $500 Million Asset Category) from the Mountain West Credit Union Association in recognition of the CU’s innovation and outstanding achievements in the various areas of day-to-day operations. The MWCUA includes credit unions from Arizona, Colorado and Wyoming.
Ron Rack
Beacon CU expands
Wabash, Ind.-based Beacon CU opened a new branch in Rushville, Ind., the CU’s first in the area. Previously a medical building, the location was renovated by design/build firm DEI to be in line with Beacon’s brand and to increase personal interaction.
Proclamation of thanks
Oklahoma City Mayor Mick Cornett presented Tinker FCU with a proclamation of thanks for the CU’s efforts in renovating the homes of four local veterans.
Recognizing heroes
Military heroes who served in Afghanistan and Iraq joined business and community leaders to help raise a record $834,633 at the PenFed Foundation’s 14th annual Military Heroes Golf Classic at the legendary Congressional Country Club in Bethesda, Md.
Harvey and Irma relief donations
N.E.W. Credit Union, Oconto Falls, Wis., spearheaded relief efforts in northern Wisconsin for victims of Hurricanes Harvey and Irma.
Great Lakes gives back
Great Lakes CU, Bannockburn, Ill., continued its initiative to give back to its communities by donating $3,000 to PADS Lake County, a community-based organization that provides support, resources and shelter to individuals and families in need.
Special film screening
America’s Christian CU, Glendora, Calif., joined Azusa Pacific Seminary and For Good Films for an exclusive screening of the documentary “Mully.” The film follows the journey of successful businessman-turned-humanitarian Charles Mully, as he sets out to change the world, one child at a time.
The odds are better now that Congress will pass a bill to help financial institutions serve cannabis businesses, but the question of the legislative path forward has grown murkier.
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.
Weeks away from succeeding Michael Corbat, Jane Fraser said she’d consider streamlining some units or divesting others as part of her effort to kick-start return on equity.