SchoolsFirst FCU, Santa Ana, Calif., is the hottest credit union in the country at least when it comes to chili. The CU won Xpress Data, Inc.'s 4th Annual Credit Union Chili Challenge, beating out 18 other credit union teams. The SchoolsFirst "Chili Dawgs" won $5,000 from XDI, which will be donated on behalf of the credit union to Children's Hospital of Orange County.
Mountain Home, Idaho-based Pioneer FCU held a groundbreaking for its 15th branch in Southern Idaho, which will be located on State Street in Boise. The new branch will continue the path of recent PFCU builds and include Personal Teller Machines, allowing for longer hours at branches.
Firefly CU, Burnsville, Minn., partnered with Memorial Blood Centers to host its semi-annual blood drive, collecting 26 whole blood cell units, which have the potential to save up to 78 lives. Separately, the CU broke ground on its new branch in Maple Grove.
Gerber FCU, Fremont, Mich., conducted its annual Facebook friend drawing. Credit union member and Facebook friend Zaida Sabo (right) received a $50 Visa Gift Card from CEO John Buckley after her name was randomly selected.
Andrews FCU, Suitland, Md., teamed up with Joint Base McGuire-Dix-Lakehurst to provide backpacks with school supplies for children. Separately, the CU participated in the Annual National Night Out Event in eight of the communities it serves.
Members of Goldenwest CU, Ogden, Utah, donated $10,000 to the Cystic Fibrosis Foundation-Utah Chapter through a month-long, in-branch fundraising campaign.
Vantage West CU, Tucson, Ariz., gave $1,000 scholarships to 10 local college students. The $10,000 in total scholarships is double what Vantage West offered in 2015, and, this year, is focused solely on students who are pursuing higher education in Arizona.
Frontier Community CU, Leavenworth, Kan., launched a new program to help fulfill a need in the Leavenworth-Lansing area: Home for the Homeless. The CU will donate $100 of every new home loan to the Leavenworth Interfaith Shelter of Hope to build a structure for the homeless.
Robins Financial CU, Warner Robins, Ga., made a $4,000 donation to Georgia Military College to award a student a one-year scholarship. Samantha Morales was selected as the first recipient.
Point Breeze CU, Hunt Valley, Md., will open a new office in Owings Mills at the Foundry Row shopping center in early 2017, in front of the new Wegmans supermarket. With the new space, the CU will adopt a new dialogue-banking model to foster a personalized, relationship-focused.
GTE Financial FCU awarded $2,500 scholarships to 36 local deserving high school and undergraduate students as part of its annual initiative to invest in the education of the community's future leaders.
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.