Michigan Community CU, Jackson, Mich., said Roger Harris was the winner of its 2016 Indian Scout Giveaway. Three finalists opened boxes that contained one of the following: a $500 and $1,000 gift cards to TC Powersports and the keys to the motorcycle.
Tucson FCU, Tucson, Ariz., presented Sunnyside Unified School District with $10,000 at the districts board of directors meeting. Tucson FCUs Legacy Award is an annual donation that supports causes in public education.
Xceed Financial CU, El Segundo, Calif., said Christine S., a Womens Alliance member, walked away with the $5,000 grand prize in the Diversity iXceed Fiscal Fitness Challenge.
Hanscom FCU, Hanscom AFB, Mass., honored Lieutenant Colonel (ret.) Vincent Perrone, Jr. as its first Hero Among Us of 2016 for his contributions to Veterans, Inc., the largest supportive service agency for veterans and their families in New England.
Hawaii Community FCU, Kailua Kona, Hawaii, awarded $18,500 in scholarships to eight deserving high school seniors. Seven of the scholarships are named after a volunteer or a manager who made significant contributions to HFCU.
Arlington-based Texas Trust CU gave $100,000 in support of The University of Texas at Arlingtons Career Development Center, a 6,000-square-foot facility that will serve as a resource connecting students and alumni with professional opportunities.
Staff from First Capital FCU, York, Pa., volunteered their time at the York Hospital Auxiliarys Book Nook Bonanza 2016. The three-day sale, held at the York City Ice Arena, raised more than $50,000 for the Auxiliary Small Grant Program.
Ideal CU, Woodbury, Minn., celebrated its coming location in Stillwater with a ceremonial groundbreaking. Ideal will be the first credit union to open a branch in Stillwater. The new office is scheduled to open in late fall or early winter 2016.
Virginia Beach, Va.-based Chartway FCUs We Promise Foundation hosted its 1st Annual Putting for Promises Golf Tournament, raising $53,000 to make dreams come true for children in its communities who are battling life-threatening illnesses.
Altura CU, Riverside, Calif., awarded $42,000 in scholarships to local high school seniors. Of the 42 $1,000 scholarships, 25 are general scholarships, 5 are awarded to students in AVID programs and 10 are specifically for students planning to attend the University of California, Riverside. The CU also awarded two memorial scholarships.
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.