December 20th, 20191153Business Observer recently featured Suncoast Credit Union's recent acquisition of Miami-based Apollo Bank. The merger happened after Suncoast reached $10 billion in assets. Apollo Bank has $746 million in assets.
The following is an exert from the Business Observer article:
In banking, $10 billion is more than just a really big number. When an institution crosses that threshold with its assets, it becomes subject to several regulations within the Durbin Amendment of the Dodd-Frank Act. One of those is a cap on income from interchange fees, which immediately put pressure on Suncoast's earnings. And because Suncoast is a credit union, that...
December 20th, 20190214Space Coast Credit Union, the third largest credit union in Florida, is reolcating its existing South Florida operations center to the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida, according to a Caribbean Today article.
The credit union, which employees about 850 team members, is leasing the entire 48,604-square-foot space.
"We chose the Miramar Park of Commerce due to its proximity and convenient access to major nearby thoroughfares," SCCU Chief Operating Officer Alan Lewis told Caribbean Today. "We weren't necessarily looking at new construction, but we found that this building...
December 19th, 2019279Robins Financial Credit Union employees recently donated 55 Christmas gifts to elderly and disabled Central Georgia residents.
Robins Financial employees created Christmas gift boxes for donations to the Meals on Wheels of Houston County's "Shoeboxes for the Elderly" program. The packages contained a variety of items from games to personal care. These presents will be delivered to Meals on Wheels recipients for the holidays.
Also featured in: CUSocialGood, CUInsight, 13WMAZ,...
December 19th, 20190108The LGE Community Outreach Foundation recently presented $250,000 to local nonprofit organizations at LGE Community Credit Union's annual Christmas breakfast.
The event recognized nonprofit organizations from the metro Atlanta community and each nonprofit was invited to speak and share donor impact stories with the entire LGE team of roughly 300 employees. Nonprofits that received donations from the LGE Foundation included:
Children's Healthcare of Atlanta
SafePath Children's Advocacy Center
Next Step Ministries
MUST Ministries
McKenna Farms
United Military Care
Calvary Children's Home
CASA of Paulding County
...
December 19th, 20191130Robins Financial Credit Union will be giving back to the community during the holidays with its 25 Days of Holiday Giving.
Robins selected 25 different organizations within their county radius to provide a monetary donation to help the organizations with their holiday festivities. These donations will roll out over 25 days.
The following organizations received a donation during the first, second and third weeks:
ABBA House in Perry received a $1,000 donation.
This organization provides a safe place where women can recover from abuse or addiction and find healing.
Boys & Girls Club of Baldwin & Jones Counties received a...
December 17th, 20194142Kinetic Credit Union recently announced that Executive Vice President Doug Putnam will retire Dec. 31, concluding a 35-year career at the credit union.
Putnam has served as the EVP at Kinetic since 1991.
"Doug has enjoyed a long and distinguished tenure at Kinetic," said Mark Littleton, president and CEO of Kinetic. "He has been at the core of the growth and success of our organization. His passion for our members and the credit union movement is unrivaled. Doug has been a tremendous asset to our members, board, management team and staff. We are thankful for everything he has done for the credit union and we wish him the best in...
December 17th, 20191106McCoy Federal Credit Union and partners of 27 Community Connection sponsored a holiday-themed run benefiting Florida Hospital for Children in Orlando.
Hundreds of runners and walkers donned their zaniest Christmas sweaters to fund-raise and increase awareness for pediatric cancer during the 20th Annual Greg Warmoth Reindeer Run at SeaWorld Florida.
"McCoy Federal Credit Union embodies the credit union charter of "helping people help people" through sponsorship to help those in need and dedicated service to its members," according to a credit union press release.
For more information, visit the credit union's website...
December 16th, 20190101Robins Financial Credit Union recently partnered with the Georgia State Patrol to host a toy drive benefiting Toys for Tots.
About 355 toys were collected at Robins Financial Credit Union locations across central Georgia during the months of November and December. The toys were donated to Toys for Tots and will be given to needy children who would otherwise not receive Christmas presents.
December 12th, 201932110LGE Community Credit Union recently welcomed Ryan Napier as its new vice president of human resources.
Napier has more than 10 years of experience in human resources and specializes in innovative talent recruitment, employee relations, human resource information systems and organizational development. Most recently, he led the human resources and recruitment efforts at Lake Trust Credit Union: a Michigan-based $2 billion financial institution with about 450 employees.
"To keep up with the rapid growth LGE has experienced over the past several years, we've recently been strategically implementing change s and improvements to our...
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