A donation by the Cooperative CU Association, on behalf of Massachusetts Credit Unions, will help the Massachusetts Coalition for the Homeless lead a major awareness and fundraising campaign for “A Bed for Every Child,” an initiative providing beds for underserved children.
Supporting Women Build Week
Employees of Align CU, Lowell, Mass., supported Habitat for Humanity’s 10th Annual National Women Build Week by helping with construction on a single-family home in Tewksbury.
Save to Win winner
A member of St. Helens Community CU, St. Helens, Ore., was the latest winner in the Save to Win prize-linked savings program. The Save to Win program encourages CU members across the country to save more toward their future by offering cash prizes of up to $5,000. Scappoose resident Jarad Williams was selected as a $500 multi-state prizewinner.
Sikorsky's Reality Fairs
Sikorsky CU, Stratford, Conn., sponsored Financial Reality Fairs at three local high schools: Ansonia, Oxford and Seymour HS. This is the ninth year Sikorsky CU has held Financial Reality Fairs for students in several local communities.
Each year, New England FCU hosts free, open-to-the-public Shred Fest events at its main branch in Williston, Vt., to help people protect themselves against identity theft. This year’s Spring Shred Fest saw 25,000 lbs. – or more than 12 tons – of documents destroyed.
Employees of Redwood CU, Santa Rosa, Calif., contributed more than $45,000 to local nonprofits by sponsoring, fundraising and participating in Human Race events in Sonoma, Marin and Mendocino counties. More than 100 volunteers, including employees, family and friends, walked or ran in the Sonoma and Mendocino county races, while RCU’s Marin and Napa county branches raised funds through the Bay Area Human Race at the Marin County Fairgrounds.
Honoring growth and progress
United Savings CU, Fargo, N.D., received the Growth & Progress Award by the Credit Union Association of the Dakotas at CUAD’s annual Summit Awards Banquet. This prestigious award is given to one credit union per year which has exceeded the state’s average increase in four categories: assets, shares, loans outstanding and membership increase.
Cinco de Mayo sponsor
Andrews FCU, Suitland, Md., served as a Gold Sponsor for Servicios Latinos de Burlington County’s Cinco de Mayo Celebration Award Dinner.
Teaching financial literacy
As part of Fremont, Mich.-based Gerber FCU’s Annual Financial Literacy Legislative Challenge, Newaygo High School students in Judy Bender’s class met with Representative Scott VanSingel and Gerber FCU President/CEO John Buckley.
College or high school diploma with mini mortar board and money
Picasa/zimmytws - Fotolia
Veridian awards scholarships
Veridian CU, Waterloo, Iowa, awarded $8,000 in scholarships to 4 Iowa students pursuing higher education. Applicants submitted a 500-word essay and professional resume. A panel of Veridian staff and board members selected recipients in four categories to receive $2,000 each.
The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said.
What's behind the unlikely First Citizens-CIT deal; ex-Trump adviser Gary Cohn predicts bleak future for community banks; midsize banks gird for loan defaults, more margin pressure; and more from this week's most-read stories.