Canyon State Credit Union Announces Southwest Healthcare Merger

(Phoenix, AZ) — Southwest Healthcare Credit Union has taken steps to merge with Canyon State Credit Union, pending a vote by the Southwest Healthcare membership.

Southwest Healthcare Credit Union has $15 million in assets and 1,800 members, once branch location and five ATMs.  Canyon State Credit Union has $450 in assets and 37,000 members, access to eight branch locations, 7 proprietary ATMs, and access to over 30,000 surcharge-free ATMs worldwide with specified ATM networks.

Southwest Healthcare Credit Union President and CEO, Colleen Curtis, stated “The financial industry is always changing!  With the increased competition from non-traditional companies, other out-of-state financial institutions, increased need for digital strategy and new federal laws and regulations, we can no longer remain competitive with the products and services our members deserve.  Our friends at Canyon State Credit Union have been a great partner to smaller credit unions over the years.  The merger opportunity enables us to provide enhanced services to membership, with the long-term best interests in mind.  Canyon State’s focus on providing excellent member service, active community involvement and collaborative culture are a natural fit for our member and employees.”

Canyon State CEO, Robb Scott, said “We are excited to combine our strengths with Southwest Healthcare.  Both organizations started as a vision of a few coworkers who pooled their financial resources together to help one another.  The philosophy of ‘people helping people’ remains true and strong today, and is evidenced in the work and collaboration among credit unions. I’ve had the distinct pleasure of working alongside Colleen for several years, and her passion for serving her members is unwavering and inspiring.  We believe that this partnership will be mutually beneficial, and will provide even greater options to their membership. We are looking forward to welcoming them into our family and expanding our branch network to better serve all of our members throughout the Phoenix and Payson area. We are committed to investing in our partnership and our community for years to come.”

Tom Phalen, Chairman of the Board for Southwest Healthcare added “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.  Canyon State Credit Union definitely meets our expectations of a member focused institution and we truly believe this partnership will be beneficial and provide ever greater option to our members.”

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 seven branch locations in the Valley and a branch in  Payson, AZ.  With $450 million in assets and over 37,000 members, Canyon State is open for membership from anyone who lives, works, or worships in within six counties in Arizona, as well as anyone who works for the credit union’s designated Select Employee Groups (SEGs).

About Southwest Healthcare Credit Union:  Southwest Healthcare Credit Union was been serving the Valley since 1967, and has 1,800 members and $15 million in assets.  Since its inception, Southwest Healthcare has focused on member service with a common goal of improving the financial lives of its members.

Contact:          Lenore Froehlich

LFroehlich@canyonstatecu.org

602.509.7115

BLUE FEDERAL CREDIT UNION AND BLUE FOUNDTION WILL MATCH $25,000 IN DONATIONS TO FOOD BANK OF THE ROCKIES

Cheyenne Man to Run Marathon for Food Bank of the Rockies

April 16, 2020, CHEYENNE, WY. – Blue Federal Credit Union and Blue Foundation has partnered with Food Bank of the Rockies and is offering to match $25K in monetary donations for COVID relief.  The timing couldn’t be better for a local Cheyenne man running a marathon around Cheyenne to feed the hungry.

On Monday, April 20th, Adam Cordell was supposed to run the Boston Marathon. However, the race was cancelled due to Covid-19. Instead, he will run a marathon in Cheyenne, Wyoming to raise funds for the Food Bank of the Rockies. After hearing about Adam’s plans, Blue Federal Credit Union offered to match all donations Adam raises up to $25,000 which means this event could earn up to $50,000 for Food Bank of the Rockies.

“While it is disappointing not to be running in Boston, I am happy I can still run in my hometown for such a great purpose” says Adam. “During this hard time, we all have to use our gifts for the greater good. Running is my gift and I am honored to use it to help out. Just thinking I can help raise up to $50,000 doing what I love to do blows me away! Thank you, Blue Federal Credit Union and to all who have and will donate.”

There are 3 easy ways to give:

  1. Donate on Facebook at https://www.facebook.com/donate/216357156336194/
  2. Write a check to Food Bank of the Rockies and put ‘BFCUMatch’ as a

Send to:    Wyoming Food Bank of the Rockies

PO Box 1540

Evansville, WY  82636

  1. Give online directly to Wyoming Food Bank of the Rockies at org/BFCU

Donating to Food Bank of the Rockies is a great way to rally behind a local athlete and help local communities. Every dollar given will be doubled by the grant and 100% of all funds raised will go directly to the Food Bank of the Rockies for immediate relief to feed hungry families in Wyoming and Colorado.  Practicing social distancing, employees from Blue Federal Credit Union will cheer for Adam along his 26.2-mile route.  If you would like to support Adam along his run, check out the route information below:

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Blue Federal Credit Union is a not-for-profit financial institution serving communities in Wyoming and Colorado, along with robust digital services to serve member/owners worldwide. Our purpose is to create a true cooperative, connected to, and inspired by the communities we serve, committed to building lifelong relationships with our members, and guided by the belief that their success is ours. Blue Federal Credit Union – For You. For Life. Please visit www.bluefcu.com for more information.

Blue Foundation is a 501C3 that is committed to supporting local organizations by stepping up to help our communities serve one another and provide financial education, volunteer opportunities and provide funding during difficult times. Doing Good is the fabric of who we are! Please visit www.bluefoundation.blue for more information.

Media Contact:
Michele Bolkovatz

Vice President of Public Relations

Blue Federal Credit Union

307-432-5402

mbolkovatz@bluefcu.com

 

BLUE FEDERAL CREDIT UNION and BLUE FOUNDATION PARTNER COMMIT FUNDS TO NONPROFITS HELPING THOSE THAT NEED IT MOST LIVING THEIR MISSION OF DOING GOOD DURING COVID-19

$200K COULD BECOME $400K WITH YOUR HELP!

April 17, 2020, CHEYENNE, WY – commUNITY!  Blue Federal Credit Union and Blue Foundation have partnered to each contribute $100K totaling $200K in matching funds for nine important nonprofits.

In each commUNITY they serve, Blue has aligned with several Do Gooders.  The following Do Good partners now have an opportunity to turn the $200K from Blue and Blue Foundation into $400K when seeking their match from others in the community:

Realities For Children – Larimer County                              ASK – After School for Kids

United Way of Larimer County                                             United Way of Albany County
United Way of Laramie County                                            Food Bank of the Rockies
Mile-High United Way-Colorado COVID Relief Fund
Denver Health Foundation – COVID 19 Urgent Response Fund
Mountain Family Center (Granby, Grand County)

“It’s not what you have, but what you share.  I’m beyond blessed to be able to lead an organization of Do Gooders, coming together in a UNIFIED way that is critical to us all winning together.” said Stephanie Teubner, Blue FCU President/CEO.  In addition, Bruce Brady, Blue Foundation President of the Board said, “I am proud of the Blue Foundation and Blue Federal Credit Union stepping up significantly to assist our communities in their greatest time of need.”

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Blue Federal Credit Union is a not-for-profit financial institution serving communities in Wyoming and Colorado, along with robust digital services to serve member/owners worldwide. Our purpose is to create a true cooperative, connected to, and inspired by the communities we serve, committed to building lifelong relationships with our members, and guided by the belief that their success is ours. Blue Federal Credit Union – For You. For Life. Please visit www.bluefcu.com for more information.

Blue Foundation is a 501C3 that is committed to supporting local organizations by stepping up to help our communities serve one another and provide financial education, volunteer opportunities and provide funding during difficult times. Doing Good is the fabric of who we are! Please visit www.bluefoundation.blue for more information.

 

Media Contact:
Michele Bolkovatz, Vice President of Public Relations

Blue Federal Credit Union

307-432-5402

mbolkovatz@bluefcu.com

On Tap Credit Union® Supports the Community With Local Restaurant Gift Card Giveaways and Early Access to Stimulus Check Funds

Over forty gift cards will be purchased from local businesses in Golden and Arvada, Colorado

GOLDEN, Colo.–On Tap Credit Union®, a leader in providing consumers in local Colorado communities with innovative financial solutions for more than 60 years is continuing to support in times of success or hardship through a gift card giveaway campaign and creating financial hardship products to support our Members. Over the course of the next four weeks, On Tap will purchase over forty $25 gift cards from different local businesses in Golden or Arvada, Colorado and given to a family in need. In addition to local business support, the brand has been crafting new solutions for Members during this pandemic to offer some financial relief options, more here. These are two examples of how On Tap is continuing to foster a relationship with Members and the local community during this period of time.

On Tap will purchase over forty $25 gift cards from different local businesses in Golden or Arvada, CO and given to a family in need. Also, On Tap has been working hard to craft solutions for Members during this pandemic by offering some financial relief.

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“Local businesses are the heart of our communities and while we are on pause from connecting in person due to COVID-19,” said On Tap Credit Union President and CEO Tracie Wilcox. “We can still continue to drive support through gift card purchases, to-go ordering, and shopping local online. Now is the time for us to pay it forward and care for these communities in which we live and serve.”

Credit unions were founded by an innate need to support one another without being denied a loan. At On Tap, we’ve continued that spirit in crafting solutions for our Members, especially during this pandemic. One relief program being offered to Members is the emergency relief loan to support those who need their stimulus checks now and can’t wait until May. For more information on this program, visit our website here.

At On Tap, we are proud to be Member-Owned which allows us to put our Members first and we’ll continue to craft solutions that support members, local businesses and the community during this time.

Full sweepstakes for gift card giveaway terms and conditions are available here.

About On Tap Credit Union

Formerly Coors Credit Union, On Tap Credit Union is a full-service cooperative financial institution serving people living and working in Jefferson, Denver, Boulder and Larimer counties. Founded in 1954, the credit union has $317 million in assets and more than 20,000 members, who are also owners of the organization. The credit union provides personal consultation and financial products including vehicle, mortgage, and home equity loans, credit cards, insurance, savings and investment products, and financial guidance, as well as a full suite of business services including commercial lending. For more information, please visit www.OnTapCU.org.

Contacts

On Tap Credit Union News Media Contact
Janelle Herrera
303.215.4690
jherrera@ontapcu.org
or
Alana Kelly
303.215.4675
akelly@ontapcu.org

OneAZ Community Foundation Announces $200,000 in Grants to Help Arizona Nonprofits Affected by COVID-19 Pandemic

Flagstaff Family Food Center

OneAZ Credit Union and OneAZ Community Foundation have pledged to award $200,000 in emergency COVID-19 Community Impact Grants as part of their commitment to helping Arizona communities. Area 501(c)(3) nonprofit organizations impacted by COVID-19 may submit applications online beginning March 20.

OneAZ Credit Union and OneAZ Community Foundation are committed to supporting the local economy through several initiatives. In the last four years OneAZ has given over $397,000 to nonprofits statewide that make a difference in the quality of life for those who live and work in Arizona.

“We recognize that COVID-19 is impacting us all in unprecedented ways, and we’re eager to help nonprofit organizations sustain their operations during these uncertain times,” said Kim Reedy, CEO for OneAZ Credit Union.

The goal is to provide emergency funding for nonprofit organizations that serve one or more of OneAZ’s five key community focus areas, including (1) children’s health, (2) food banks, (3) financial literacy, (4) military, veterans’ and first responders’ interests, and (5) local youth programs. Applications by nonprofits with operations outside these five pillars will also be considered.

Nonprofits are encouraged to apply online, include a summary of how COVID-19 has impacted their operations and how the emergency grant funds will be used. Grants will be awarded in $2,000 increments with applications reviewed on a weekly basis until all $200,000 is awarded or May 1, 2020, whichever comes first. Prior grant recipients are eligible to apply for an emergency COVID-19 Community Impact Grant.

For full details and to apply for an emergency COVID-19 Community Impact Grant, visit www.oneazcu.com/about/foundation/covid-19-arizona-grant.

 

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Ent Funds Millions in COVID Relief, Protects Staff

      Colorado Springs, Colo. (April 16, 2020) – In the midst of the pandemic, Ent Credit Union continues to help members by approving more than $24 million in emergency loans, deferring more than $90 million in loan payments, eliminating and reducing fees and doubling business lines of credit. In addition, it has prioritized the safety and welfare of its employees from the beginning.

“We began to prepare for this scenario weeks before the social distancing and shelter-in-place mandates were instituted,” said Chad Graves, CEO. “We knew this would be a huge undertaking and worked to make sure the bulk of our staff could work safely from home, while still serving our members at the highest possible level – sometimes in new and creative ways.”

Ent rapidly implemented several COVID-19 Member Relief Programs that have resulted in:

  • Deferred loan payments on business loans totaling $89 million
  • More than 5,000 emergency loans totaling more than $24 million
  • Increased lines of credit by more than $1.6 million for Colorado small businesses
  • More than 30,000 monthly consumer loan payments skipped (including personal, auto and home equity line of credit)
  • More than $1.7 million in deferred mortgage payments
  • Fee relief for thousands of members with eliminated and waived fees

Ent also worked diligently to protect employees when social distancing and stay-at-home mandates began, and provided them with the necessary resources to work remotely. Some extra measures Ent has taken include:

  • Ordering new laptops and other equipment for people to work remotely
  • Paying front-line staff interfacing with the public and call center staff at time and a half for the added risk they’re taking to serve  members
  • Paying staff while home sick, in quarantine or caring for young children without counting it against paid time off (PTO)
  • Extra levels of sanitizing and cleaning measures

“Approximately 45% of Ent staff members are working remotely for the first time,” Graves added. “It shows their level of professionalism and passion that they’ve adapted so quickly to new processes serving members, as well as the dedication of our service center team members working at our drive-up locations and call center.”

In addition to physical safety, the mental well-being of staff is also a priority for Ent. Like many companies, regular check-ins on Zoom meetings are key, but it has also offered employees free mental health days that don’t count against their PTO. “We want to make sure our staff has the tools they need to not only take care of our members, but to also take care of themselves and their families,” explained Graves.

 About Ent’s COVID-19 Member Relief Programs

Please visit Ent.com/Coronavirus.

 About Ent’s $250,000 Emergency COVID-19 Donations

Please visit our press release page.

About Ent’s $50,000 We  Small Business Giveaway

Please visit Ent.com/welovesmallbusiness.

About Ent

Founded in 1957, for the second consecutive year Ent is ranked Colorado’s #1 credit union by Forbes. A different kind of financial institution, Ent is committed to improving members’ financial quality of life with better rates, lower fees and Ent Extras® Cash Rewards. With $6+ billion in assets, Ent serves more than 370,000 members at more than 35 convenient service centers all along the Front Range. Businesses and people (who live, work, worship or attend school) in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Elbert, Fremont, Jefferson, Larimer, Pueblo, Teller and Weld counties may join the not-for-profit financial, community-chartered credit union. Ent is an Equal Housing Opportunity and Equal Opportunity Lender, insured by the NCUA.

 

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Media Contacts: (Please email to arrange calls at this time)

 

Jennifer Sussman, Chief Marketing Officer

Ent Credit Union

JSussman@Ent.com

 

Nancy Lonergan, Marketing

Ent Credit Union

NLonergan@Ent.com

4.17.2020 Regulatory Compliance Newsletter

  • NCUA Approves Temporary Final Rule Providing Relief from Certain Rules
  • Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19
  • NACHA Publishes Pandemic-Related FAQs on Beneficial Ownership
  • FinCEN Mirrors SBA PPP FAQs
  • CFPB Publishes Guide to Economic Stimulus Relief Payments
  • NCUA Increases Coronavirus Assistance to Credit Unions
  • NCUA Concerns Over Cybersecurity and Remote Work
  • Russian White Supremacist Group and Leaders Designated
  • InfoSight: Pandemic Resources – Updated
  • Virtual Compliance Update & Roundtable May 20th

The SBA has taken down the PPP portal

The Small Business Administration’s $349 billion Paycheck Protection Program has officially run out of money. A notice, posted on the SBA’s website, states the “SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time.”

New Webinar: BSA Compliance Requirements During the COVID-19 Challenge  

Has COVID-19 impacted your BSA procedures?  Are your account-holders more prone to fraudulent attacks?  What is the “new” normal during and after this pandemic?  Join us to learn how to stay in compliance with existing and developing BSA requirements amid the COVID-19 crisis.

This April 24 webinar will include:  Navigating CDD requirements; developing a contingency plan for your AML monitoring program; updating policies, procedures, and risk assessments to comply with recent regulatory guidance; documenting exceptions to BSA policy and procedures to avoid examination scrutiny; and identifying red flags for common COVID-19-related scams and recognize when a SAR may be warranted. Learn more and register today.

4.10.2020 Regulatory Compliance Newsletter

  • FinCEN Provides Further Information to Financial Institutions in Response to the Coronavirus Disease 2019 (COVID-19) Pandemic
  • NCUA Provides Letter (20-CU-06) – Small Business Administration Loans Program to Help Small Businesses and Members During the COVID-19 Pandemic
  • NCUA Provides Letter (20-CU-07) – Summary of the Coronavirus Aid, Relief and Economic Security (CARES) Act
  • Temporary Rule Under FFCRA Published
  • PPP Information for Lenders
  • Agencies Encourage Mortgage Servicers to Work with Homeowners
  • InfoSight: Pandemic Resources – Including Model Policies
  • Virtual Compliance Update & Roundtable April 15th