Seventeen regional credit unions and partners jointly raised more than $220,000 to purchase and donate 30,000 Personal Protective Equipment medical gowns to healthcare facilities throughout Pennsylvania, New Jersey and Delaware, which were distributed by each credit union to dozens of local healthcare facilities.
As communities across the country grapple with the health and economic effects of the COVID-19 pandemic, CUNA President/CEO Jim Nussle issued a statement asking all credit unions to encourage all able members to wear a mask when inside a credit union.
The National Credit Union Foundation has extended the deadline to apply for its 2020 Grant Cycle to July 29. The grants feature two opportunities credit unions can apply for related to financial health and well-being.
Staying true to the earliest beginnings, Suncoast CU has been focused on helping small businesses survive and thrive during the COVID-19 pandemic. Through June 30, Suncoast funded more than 1,900 loans under the Paycheck Protection Program totaling $49.5 million.
State credit union league collaboration benefits the credit union system every day, writes AACUL Executive Director Brad Miller in CUInsight Wednesday. Highlighting cooperating as a cornerstone of the movement, Miller says the benefits behind-the-scenes collaboration can be seen in a myriad of ways.
During this year’s National Youth Savings Challenge™, young credit union members performed “Money Magic” by depositing $2,805,990.22 into their savings accounts and CDs. This year, 12,103 youth, representing 100 credit unions deposited an average of $231.84 per child.
Following the regulatory enhancements provided by the CARES Act and changes to NCUA's regulations, the Central Liquidity Facility experienced a significant increase in its membership and borrowing capacity. New memberships have added $945.8 million in additional subscribed capital stock to the facility.
More than 17% of credit union members are Black, compared with around 13% of bank customers, CUNA shared in a CNBC article about racial justice in banking. The piece also directed readers to find a credit union using the Your Money Further credit union finder.
A website has been launched for credit unions and other financial institution plaintiffs to file claims in the settlement reached in the Equifax data breach lawsuit stemming from a 2017 data breach that exposed the personal information of more than 145 million consumers.
Maine Credit Unions’ Campaign for Ending Hunger announced its month-long $100,000 Challenge raised over $200,000 to support Good Shepherd Food Bank’s COVID-19 response and community food pantries across the state. Maine credit unions, employees, volunteers, members and vendors supported the campaign.