CU Happenings – May 3, 2019
Five Star CU donates building to Fostering Hope
Five Star Credit Union, based in Dothan, recently donated $500 to Fostering Hope so the organization could purchase an exterior storage building. Fostering Hope provides support and encouragement for fostering families in the Wiregrass. When Five Star learned of the need, the managers of the Dothan branches got together to provide the money needed for the new building. They accept donations so these families can bring their children to get new toys, shoes, diapers, and clothes. Even big items, such as cribs and beds.
With so many donations coming in, they were quickly outgrowing their space. Each Five Star branch has the ability to make small donations in their community. Gathering for the donation were Rebecca Anderson, Five Star marketing coordinator; Aileen Clayton, Five Star branch manager; Holli Reynolds, Five Star branch manager; Melissa Wilhoit. Fostering Hope executive director; Josh Wilhoit, Fostering Hope executive director; and Kim Melton, Five Star branch manager.
Buckeye Community FCU takes part in Down Home Days
Buckeye Community Federal Credit Union recently participated in Down Home Days in Madison, FL. The annual festival is a community-wide event including live music, activities, a pet show and much more.
With perfect weather, the event drew crowds of merry makers, many of whom stopped by the Buckeye tent to say hello.
Power Financial CU gives back through Community Development Fund
Power Financial Credit Union (PFCU) has solidified its commitment to affordable housing by becoming the first and only credit union in the country to invest in the Community Development Fund, announced CEO Allan Prindle. According to Prindle, although credit unions are not covered by the Community Reinvestment Act (CRA) a law which banks are required to adhere, this initiative represents its support of a growing economic crisis in South Florida.
The Community Development Fund is a market-rate bond fund that invests in high-credit-quality, fixed-income securities whose proceeds are designed to positively impact community development throughout the U.S. To date, the Community Development Fund has successfully garnered over $50 million in support of single-family and multifamily affordable housing.
Naheola Credit Union holds grand opening celebration
Naheola Credit Union celebrated the grand opening of its fourth branch in Livingston, AL, holding a ribbon cutting ceremony and inviting members of the community. The credit union had refreshments and giveaways throughout the day, as well as a live remote with a local radio station.