Saginaw, Mich.-based United Financial CU broke ground on a new office in Chesaning. The building project has an estimated completion date of March 2017.
Oahe FCU, Pierre, S.D., won a CU Social Good Award by the Credit Union Association of the Dakotas. This award is given to one CU in each asset category that has positively affected its community with charitable donations and volunteer work. Oahe FCU received the award in the category of CUs with up to $50 million in assets.
The Cooperative Credit Union Association hosted its first Delaware Advocacy Committee meeting in New Castle, Del., marking the one-week anniversary of the merger that brought the Delaware Credit Union League into the CCUA fold.
State Employees' CU, Raleigh, N.C., held the SECU Emerging Issues Prize for Innovation competition, resulting in a $50,000 grant from the SECU Foundation to help start-up Seal the Seasons bring local produce to North Carolina consumers year-round. Separately, the CU expanded the SECU Public Fellows Internship to include 5 additional state universities.
Credit Union of America, Wichita, Kan., said its John Michener Scholarship Program awarded a total of $10,000 in scholarships to 17 students (three $1,000 awards and 14 awards for $500 each).
NuMark CU, Joliet, Ill., was ranked one of the Top 200 credit unions in America for its excellent financial health by DepositAccounts.com.
San Diego County CU sponsored the 42nd San Diego LGBT Pride celebration, held in San Diego's Hillcrest area. Separately, the SDCCU Biz Kid$ program is in its second year, giving local teachers additional resources to teach children about money and business.
Ocala Community CU, Ocala, Fla., read about autos being driven into credit union buildings around the country and installed four new steel and concrete safety posts in front of its building. Separately, it was named one of the 50 healthiest CUs in Florida by DepositAccounts.com.
Stephanie Sherrodd, president and CEO of TDECU, Lake Jackson, Texas, provided professional coaching and advice to more than 500 attendees at the Women's Leadership Conference hosted by the Houston Hispanic Chamber of Commerce.
The Houston Chapter of Credit Unions raised more than $7,500 for its Advertising Cooperative as more than 80 participants from credit union staff and business partners played in the Chapter's 4th annual TopGolf Tournament.
Garden Savings FCU, Parsippany, N.J., raised $15,000 for two local charitable groups at its 6th Annual Golf Outing. The proceeds will be split between the Children's Specialized Hospital of New Brunswick and the Rutgers Youth Education and Success Center of Newark.
The Local CU, Sterling Heights Mich., has been committed for more than one year to helping with construction of a Center for Autism where autistic children will be able to be with other autistic children. The center has been constructed by volunteers, including union members of the CU.
American Airlines FCU, Fort Worth, Texas, raised $60,000 for CMN Hospitals at its 20th Annual Credit Union Golf Tournament. The total donation will be split between Cook Children's Medical Center Foundation and Children's Medical Center Foundation.
First Horizon, TCF and Webster are among the banks eyeing efficiency initiatives that could include more branch closings, layoffs and reduction of office space. Expect others to follow suit as low rates and tepid loan demand tied to the pandemic pressure revenue.
The Federal Deposit Insurance Corp.’s latest report on the industry’s health had positive news about the earnings recovery last quarter, but it also showed that low interest rates amid continuing economic uncertainty are putting downward pressure on asset yields.