The Associated Credit Union Foundation donated hundreds of presents to the Quinn House, Operation HomeFront Georgia, and Norcross Co-op Ministry, fulfilling the gift wishes of more than 600 children through its Fifth Annual Making Caring Count for Christmas Program.
The children’s gift wishes were displayed on paper ornaments in 25 Associated Credit Union Metro Atlanta offices. Credit union members and employees purchased the presents and, in many cases, bought two or three extra gifts for each child to open on Christmas morning.
The Associated Credit Union Foundation, formed in 2009, is a 501(c)3 organization that strives to promote social and economic well-being for the community and the employees of companies served by Associated Credit Union, a $1.3 billion asset institution located in Norcross, Ga.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA Chief Policy Officer/Chief Economist Bill Hampel said there is no immediate concern for credit unions regarding a U.S. appeals court decision to throw out a $1.27 billion penalty levied by the U.S. Department of Justice against Bank of America in connection with questionable mortgages sold by the former subprime giant Countrywide.