Firefly CU, Burnsville, Minn., awarded $1,000 scholarships to three students as part of its second annual Great Savings Challenge.¬ The challenge was open to seniors at both Burnsville and Rosemount High Schools.
Hundreds of supporters and volunteers, including the QCU Crusaders, Quincy, Mass.-based Quincy CUs employee team, were on hand throughout the day and night at this years Relay for Life. QCU team members raised more than $5,000 for the American Cancer Society.
WSECU, Olympia, Wash., launched a new way to partner with members to give back to the community: member volunteer days. Employees, board members and members joined together to help the Family Support Center with some needed facility cleaning and outdoor landscaping.
First Choice Financial
First Choice Financial FCU, Gloversville, N.Y., awarded $1,000 scholarships to four local high school graduates. Candidates were required to demonstrate academic merit and engage in community service upholding the credit union philosophy of people helping people.
Tower FCU, Laurel, Md., and its TowerCares Foundation, hosted the 34th Annual Tower Classic Golf Tournament, which raised $31,000 to benefit the Johns Hopkins Children's Center, Baltimores local Childrens Miracle Network Hospital. Tower gave an additional $22,000 from an earlier fundraiser to the center.
First Californian CU, launched by the Morongo Band of Mission Indians seven years ago to provide financial services to tribal members and tribal employees, welcomed its new flagship offices on the Morongo Indian Reservation with a grand opening ceremony in Cabazon, Calif.
Teachers FCU, Hauppauge, N.Y., awarded six $1,000 education scholarships to Long Island high school graduating seniors.
New Dimensions FCU, Waterville, Maine, held its 3rd annual Cruisin for a Cure car show, which raised $22,345.16 for the Maine Childrens Cancer Program. A generous matching grant from CO-OP Financial Services brought the total donation to $22,345.16.
ABNB FCU, Chesapeake, Va., said its 13th Annual Fishing Fest raised $84,000 for the Childrens Hospital of the Kings Daughters, the highest amount ABNB has raised in one year.
PSCU, St. Petersburg, Fla., was recognized by the American Cancer Society as the top corporate team fundraiser for Relay for Life in 2016 at all three of its locations in St. Petersburg, Phoenix and Allen Park, Mich. PSCUs employees raised more than $43,000 for Relay for Life through bake sales, book fairs, pie-in-the face games, dunk tanks, concerts and other events.
CUs continue to award scholarships:
Numerica CU, Spokane, Wash., awarded $1,500 each to five recipients of the 2016 Student Ambassador Scholarship.
Chartway FCU, Virginia Beach, Va., and its divisions of HeritageWest and SouthWest Community, awarded $3,000 scholarships to seven student members.
In Plymouth, Minn., TruStone Financial CU's Foundation awarded $10,000 in scholarships to 7 top-notch students from high schools in Minnesota and Wisconsin, with an additional $1,000 scholarship going to a graduating senior who is a family member of a TruStone Financial employee.
The CU Association of the Dakotas awarded $500 scholarships to 10 North Dakota and South Dakota students who are CU members.
University of Hawai`i FCU, Honolulu, selected 5 local scholars to each receive $2,000 through its inaugural Scholarship Program for UHFCU members or family members.
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.