Local Credit Union’s Staff Spending their Holiday Helping 5 Non-Profits

Local Credit Union’s Staff Spending their Holiday Helping 5 Non-Profits

Denver, Colo. – All Denver Community Credit Union staff will volunteer at five nonprofit sites on #DenverCommunityGives Day, Monday October 14th.   Volunteer projects will support Metro Caring, Denver Children’s Advocacy Center, Food Bank of the Rockies, Habitat for Humanity of Metro Denver ReStores, and Volunteers of America Colorado.

On their third annual #DenverCommunityGives Day, credit union staff will renovate Metro Caring’s Children’s Area so they can start offering childcare for the families they serve.  Metro Caring works with our community to meet people’s immediate need for nutritious food while building a movement to address the root causes of hunger.  Denver Community staff will build emergency backpacks and make blankets for kids in crisis served by the Denver Children’s Advocacy Center (DCAC).  DCAC’s mission is to prevent abuse, strengthen families and restore childhood.  Employees will also sort and package food at Food Bank of the Rockies and Metro Caring, serve meals to community members in crisis with Volunteers of America, and organize Habitat ReStore donations.

Denver Community employees have collectively volunteered over 700 hours in 2019 so far, which is an estimated value of $19,500 for local nonprofits.  #DenverCommunityGives Day aligns with Denver Community Credit Union’s vision of “Advancing financial opportunity” by making a difference in the lives of our community members.   This full day of volunteering and recognizing community service further encourages Denver Community staff to remain involved in the communities we serve year-round.

Denver Community Credit Union was recently recognized as a Civic 50 Colorado Honoree and Company Category Leader by CSR Solutions of Colorado and Points of Light, the world’s largest organization dedicated to volunteer service.  The award recognizes Denver Community as one of the 50 most community-minded companies in Colorado determined by an independently administered and scored survey.  Learn more at www.DenverCommunity.coop/Civic50

Denver Community is renovating the Children’s Area of Metro Caring with the financial support of the Mountain West Credit Union Foundation.   For more information about #DenverCommunityGives Day, visit www.DenverCommunity.coop/Gives

About Denver Community CU

Since 1934, Denver Community Credit Union has been advancing financial opportunity for its members and community. Anyone who lives or works in Adams, Arapahoe, Jefferson, or Denver Counties is welcome to become a member. We serve our communities with quality loans with low rates, and savings and checking products that help members effectively manage their money. Our staff provides top level service by focusing on finding solutions that help members reach further to achieve their financial goals. The credit union also positively impacts members and communities with the award-winning Clear Money Program; a financial education program. Learn more at www.denvercommunity.coop

 

About Metro Caring

Metro Caring works with our community to meet people’s immediate need for nutritious food while building a movement to address the root causes of hunger. Metro Caring offers innovative programming in Healthy Foods Access, Nutrition Education and Cooking Classes, ID Procurement, Urban Gardening, and Community Activation so that families can break the cycle of poverty. Metro Caring is a welcoming, dignified, health-focused organization, open to everyone in the Denver metro area. To learn more, visit www.metrocaring.org

About Denver Children’s Advocacy Center

Denver Children’s Advocacy Center’s mission is to prevent abuse, strengthen families and restore childhood.  Denver Children’s Advocacy Center (DCAC) programs fall along a three-part continuum of care that includes Community Outreach, Rapid Response, and Treatment and Integrated Services.  They strive to meet the needs of all traumatized children, as well as those at risk of abuse. DCAC specializes in serving very young children and those from Spanish-speaking families.  Learn more at www.denvercac.org

Canyon State Credit Union and Deer Valley Credit Union Announce Their Mutually Beneficial Co-op Merger

(Phoenix, AZ) — Canyon State Credit Union and Deer Valley Credit Union have announced their successful merger. The official merger date of October 1, 2019 comes just weeks after members of Deer Valley Credit Union voted in favor of joining the two financial institutions.

The 19,000 Canyon State members, and 19,000 Deer Valley members will form one larger, stronger cooperative financial institution. This mutually beneficial merger combines two credit union that share the same focus on community-based banking and similar core values.

Robb Scott, CEO

“We will be stronger together,” said Deer Valley CEO, Robb Scott. “By pooling our financial resources, we’ll be able to remain competitive in the ever-changing financial industry landscape. We’ll stay focused on our commitment to the communities we serve and continue to strive for excellent member service.” Scott will be the sole CEO in the new, larger institution.

“Staying relevant in today’s FinTech environment has to be a business priority,” said Chris Urness, Co-Chair of the new merged credit union’s Board of Directors. “This merger creates opportunities for us to expand our capacity to provide the solutions our members need. Staying relevant in technology while staying personal in service will be our goal.”

Paul Waterman, also Co-Chair of the new merged Board of Directors echoed Urness’ statement, adding “It’s imperative that we stay true to ourselves, our values, and our members by remaining a member-focused and service-driven institution. We understand that to deliver on that promise, we need to be positioned to do business in alignment with today’s consumer behaviors.”

Both Canyon State and Deer Valley leadership teams are excited about the opportunities to expand and work together to ensure a stronger future for both memberships. Scott confirmed they plan to keep all branch locations open and all staff members from both organizations will retain their jobs.

When asked what the new, larger institution will look like, Scott replied “We’re not in a rush to pick a new name, merge our core systems, or change much in 2019. What’s most important right now is that we define who we are as a larger team, align our business practices, and create a strong foundation internally before we do anything that will impact our members. It’s ‘business as usual’ for the remainder of 2019.”

Scott did confirm the credit unions will join their systems in 2020 with a heavy emphasis on causing as little disruption as possible to members from both credit unions.

About Canyon State Credit Union: Canyon State Credit Union is headquartered in Phoenix and has been serving the people of Arizona for more than 67 years with branch locations in Deer Valley, Goodyear and Phoenix, as well as Payson, AZ. Canyon State is open for membership from anyone who lives, works, or worships in several zip codes within Arizona, as well as anyone who works for the credit union’s designated Select Employee Groups (SEGs).

About Deer Valley Credit Union: Deer Valley Credit Union is a not-for-profit financial institution that has provided financial solutions for members throughout Arizona and beyond for over 45 years. Our success is built by the support of our member-owners, the openness of our field of membership, the desire to provide world-class products, services and technology as well as our financial strength. DVCU is community-based and locally focused, with four locations within the north and northwest Phoenix area that serves the Valley of the Sun as well as the Verde Valley. Find more information about what makes DVCU different at deervalleycu.org.

Contact:

Lenore Froehlich

LFroehlich@canyonstatecu.org

Jennifer Wade

jenn.wade@dvcu.org

SAFE Banking Act Passes U.S. House of Representatives with Overwhelming, Bipartisan Support

The U.S. House of Representatives passed the SAFE Banking Act today 321–103, in an historic vote on federal cannabis policy.

Authored by U.S. Reps. Ed Perlmutter (D-CO-07) and Denny Heck (D-WA-10) and cosponsored by Reps. Steve Stivers (R-OH-15) and Warren Davidson (R-OH-08), the bill allows marijuana-related businesses in states with some form of legalized marijuana and strict regulatory structures to access the banking system. Today, 47 states, four U.S. territories, and the District of Columbia – representing 97.7 % of the U.S. population – have legalized some form of recreational or medical marijuana, including CBD oil. Senator Cory Gardner’s (R-CO) has led the charge in the Senate with Senator Jeff Merkley (D-OR) to ensure legal cannabis businesses can access banking services.

The Mountain West Credit Union Association, Leagues across the nation and CUNA have supported the SAFE Banking Act since it was first introduced in the House in March. Credit unions were the first financial trade organization to testify before Congress on the matter. In hearings in the House Financial Services Committee and Senate Banking Committee, Chief Risk Officer Rachel Pross of Maps Credit Union in Salem, Oregon emphasized that with no access to the financial system, cannabis businesses are forced to deal in cash only, creating a public safety hazard in the communities served by these businesses.

“As financial services providers serving over 1 million members in Colorado, credit unions play a central role in our communities by fulfilling banking needs that may not be otherwise available,” said Scott Earl, President of the Mountain West Credit Union Association. “The SAFE Banking Act is an important step toward providing the certainty we need as financial services providers to serve the growing recreational cannabis industry and protect our members, as well as the taxpayers of Colorado.”

The SAFE Banking Act will help ensure access for state-sanctioned businesses in the mainstream financial system. Credit unions that choose to provide cannabis banking use rigorous screening and compliance protocols to appropriately monitor and maintain high-risk accounts. In a historic 321-103 vote, the bill will help protect small businesses who provide ancillary services to cannabis businesses.

Credit unions have been on the front line advocating for legal clarity between state and federal laws to protect financial institutions that deal with legal businesses, both directly and indirectly. CUNA has consistently called on Congress to pass this bill and bring legal businesses out of the underground economy.

MWCUA, CUNA, and other League partners, and the credit union industry are pleased to see its advocacy message was recognized by policymakers and will continue to engage Congress in getting this bill signed into law.

 

DENVER COMMUNITY CREDIT UNION RECOGNIZED AS AS THE SMALL COMPANY LEADER AMONG THE 50 MOST COMMUNITY-MINDED COMPANIES IN COLORADO

Denver, CO – Denver Community Credit Union has been named the Small Company-Category Leader honoree of The Civic 50 Colorado by CSR Solutions of Colorado and Points of Light, the world’s largest organization dedicated to volunteer service.

The award recognizes Denver Community Credit Union as one of the 50 most community-minded companies in Colorado determined by an independently administered and scored survey. The Civic 50 Colorado awards, modeled after Points of Light’s national program, provides a standard for superior corporate citizenship and showcases how companies can use their time, skills and resources to impact their communities.

The Civic 50 Colorado honorees were recognized during The Civic 50 Colorado Awards on September 19, 2019.  The event will be held at Infinity Park, 950 South Birch Street, Glendale, Colorado 80246.

“As a credit union, our philosophy of people helping people really drives us to be an active part of our communities and to give back in multitude of ways. It’s engrained in our culture.” said Tessa Bonfante, CO-CEO of Denver Community Credit Union.

CSR Solutions, a leader in community engagement and philanthropy, is pleased to be the first in the country to bring the nationally revered Civic 50 Awards to Colorado. Colorado companies have invested significant resources in our communities to build a strong, resilient, connected and healthy place for us all. The impact stories will inspire us all to support their efforts.

The Civic 50 Colorado survey is administered by True Impact, a company specializing in helping organizations maximize and measure their social and business value. The survey instrument consists of quantitative and multiple-choice questions that inform scoring process and is the only evaluation that exclusively measures corporate involvement in communities.

For more information about The Civic 50 Colorado and this year’s honorees, visit https://www.csrsolutionsco.org/civic50colorado.html

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About Denver Community Credit Union

Since 1934, Denver Community Credit Union has been advancing financial opportunity for its members and community. Anyone who lives or works in Adams, Arapahoe, Jefferson, or Denver Counties is welcome to become a member. We serve our communities with quality loans with low rates, and savings and checking products that help members effectively manage their money. Our staff provides top level service by focusing on finding solutions that help members reach further to achieve their financial goals. The credit union also positively impacts members and communities with the award-winning Clear Money Program; a financial education program. Learn more at www.denvercommunity.coop

 Denver Community Credit Union will be making a difference in the community on October 14th for #DenverCommunityGives Day.  Learn more at https://denvercommunity.coop/gives

About CSR Solutions of Colorado

CSR Solutions is committed to making Colorado a thriving place to live and work.  By empowering Colorado businesses of all sizes with the strategies and tools they need to give back to their communities, we align business purpose with employee need to make a better tomorrow.  With our combined experience in CSR, you walk away with a customized roadmap for your company, that allows you to do better by doing good.  For more information, visit www.csrsolutionsco.org.

 About Points of Light

Points of Light – the world’s largest organization dedicated to volunteer service – mobilizes millions of people to take action that is changing the world. Through affiliates in 250 cities across 37 countries and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 20 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, go to www.pointsoflight.org.

 

Media Contact:

Rachael Calderon

Marketing Manager

P: 303-626-0752

rcalderon@denvercommunity.coop

 

It’s time for Arizona to Open Your Eyes to a Credit Union

Open Your Eyes to a Credit Union® Lands in Four New States

Campaign now live in thirteen states

 September 16, 2019

WASHINGTON – Credit Union National Association (CUNA) today announced the expansion of its category-level brand campaign, Open Your Eyes to a Credit Union®, to four new states: Arizona, Nebraska, West Virginia and Vermont. Today’s launches bring the total number of states where the campaign is live to thirteen.

“We’re thrilled to bring Open Your Eyes to a Credit Union® to more consumers across the country,” said Chris Lorence, CUNA Chief Credit Union Awareness Officer. “From our first launch in January 2019 to now, we’ve launched thirteen states. We’ve come a long way! Thank you to California and Nevada Credit Union League, Mountain West Credit Union Association, Nebraska Credit Union League, West Virginia Credit Union League, and Association of Vermont Credit Unions and all the credit unions whose support is driving this campaign.”

Open Your Eyes to a Credit Union® is part of the CUNA-led Awareness Initiative that is working to increase consumer consideration of credit unions. It is a category-level, strategic marketing effort that has financial pledges of $42 million from over 640 organizations within the credit union movement. The campaign first launched in January and is now live in Arizona, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Vermont and West Virginia.

CUNA is working with Leagues to fundraise for Open Your Eyes to a Credit Union® and build support for the Awareness Initiative. The early successes of this effort are the result of coordination and enthusiasm from across the credit union movement.

As of August 23, Open Your Eyes to a Credit Union® had gained over 186 million impressions and earned 27.6 million video views from start to finish. It had reached 6.7 million through programmatic advertising, 5.1 million on social media, and 3.2 million on YouTube.

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About CUNA:
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.

CONTACT:

Lauren Williams
CUNA Communications
202-672-3396
lwilliams@cuna.coop

Arizona AYIN hosts Financial Literacy Event

On August 29, the Arizona AYIN group hosted a financial literacy event at OneAZ CU featuring Arizona State Treasurer Kimberly Yee. Yee spoke to the group about how credit unions can work together to advance financial education. In addition, the session included a panel of professionals from Canyon State CU, TruWest CU and First CU discussing their financial literacy programs.

The event included a charitable component as well. Participants brought donations for backpacks that will be provided to the Salvation Army to help Valley families in need.

Colorado Credit Unions Host WOCCU visitors from Ireland

Recently, several Colorado credit unions hosted a delegation of visiting representatives of several credit unions from Ireland in a World Council of Credit Unions exchange program. Sooper CU, Space Age FCU, Elevations CU and Canvas CU hosted credit unions to help share best practices, give insights into the regulatory environment and support strategic planning processes.

Justin Dickson, CEO of Fidelis Catholic CU with Micheal McDermott, CEO of Virginia CU

Sooper CU hosted Micheal McDermott, CEO of Virginia CU. During his visit, McDermott met with the team at Sooper CU. Sooper also arranged a meeting with Justin Dickson, CEO of Fidelis Catholic CU. During the visits, they shared strategic planning methods, operational information technology updates, lending strategies and other best practices.

 

 

 

Martina Cotter, CEO and Marvin Board, CFO of Synergy Credit Union with John Uchida and Denise Roberts from Space Age FCU

Space Age FCU hosted Martina Cotter (CEO) and Marvin Board (CFO) from Synergy CU. During their visit, they also met with Jeff Holler and Brad Johnson from Aurora Schools FCU and Bob Fryberger from Fitzsimmons FCU. The NCUA was onsite at Space Age during the visit which allowed Sherry Hudson and Peter Driscoll to give an overview of the regulatory environment in the U.S.

Elevations CU and Canvas CU co-hosted Core Credit Union Ltd. Leaders from all three credit unions—and board members from Elevations and Canvas—participated in the numerous briefings on strategy and business model.

 

The trip wrapped up with a dinner for all the participants hosted by MWCUA.

Congratulations to our MWCUA CU Rock Stars!

MWCUA would like to congratulate Ray Lancaster of Pyramid Federal Credit Union and Christine Eckhardt of Arapahoe Credit Union as winners of the 2019 Credit Union Rock Star awards!

Credit Union Rock Star awards are presented to exceptional credit union professionals by the editorial staff of Credit Union Magazine with this issue sponsored by Fiserv. These individuals have used their ingenuity and talents to advance the mission of their credit union and the credit union movement.

Check out all of the winners at news.cuna.org/rockstar.

Canyon State Credit Union and Grand Canyon University Expands Partnership

Canyon State Credit Union and Grand Canyon University Expands Partnership

August 19, 2019: Canyon State Credit Union is excited to announce they have been named Grand Canyon University’s partner to offer financial products and services to the University’s students (both on-campus and online), staff and alumni as well as fans and supporters of the University. With this partnership, the Credit Union will open a branch on campus within the GCU’s Lope Shop in the fall of this year. The Canyon State Credit Union campus branch will provide the convenience of onsite, in-person account services, combined with the flexibility of remote access through online banking, mobile banking and ATMs. “Grand Canyon University has selected Canyon State Credit Union as our first university-based branch and we look forward to the financial and professional development this partnership will provide to our students, faculty and staff,” said Grand Canyon University President Brian Mueller. This will be a full-service branch offering the same products and services that are available at any Canyon State Credit Union branch. The Credit Union will also work with GCU to hire students this fall to complete staffing of the on-campus branch.

In addition to the campus branch, the Credit Union has created a free Lopes Checking account based off of GCU’s mascot Thunder the Antelope. Lopes Checking will be free with eStatements, have a Round-Up Savings feature and most excitingly, a GCU Affinity Mastercard Debit Card. With each qualified swipe of the GCU Affinity card, Canyon State Credit Union will donate to the GCU General Scholarship Fund. “We are uniquely positioned to serve not only the students who are on campus every day, but the community as a whole as well,” said Canyon State Credit Union’s interim CEO David Skilton.

The two organizations began their relationship back in 2015 when Canyon State Credit Union became an official sponsor of GCU’s men’s basketball. Since that time, the Credit Union has participated in multiple Move-In Weeks as well as sponsored athletic games. This year it will also include men’s baseball and soccer.

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Canyon State Credit Union is headquartered in Phoenix, AZ and has been serving the people of Arizona for more than 65 years with branch locations in Deer Valley, Goodyear, and Phoenix as well as Payson, AZ. The Credit Union is open for membership to anyone who lives, works, or worships in a number of zip codes within Arizona, as well as anyone who works for the Credit Union’s designated Select Employee Groups (SEGs). For more information about the Credit Union and membership, visit www.CanyonStateCU.org

 

CONTACT:

Lenore Froehlich
3440 W. Deer Valley Rd
Phoenix, AZ 85027
623.580.6053
LFroehlich@canyonstatecu.org
www.CanyonStateCU.org

 

The Denver office is moving!

After over 11 years at 1009 Grant Street in downtown Denver, we are moving our office this week.  As you may recall, we sold the building last fall and have been in a leaseback situation since then.  We are excited to move into the next chapter of the Association with more efficient space.