Provided by Jack Fallis, DCUC Board of Directors Chair and President, PNW & International Markets, Global CU
2024 holds great promise! Last year, defense credit unions expertly navigated through economic shifts, geopolitical tensions, and cybersecurity threats. DCUC continues to stand firm with our members as we adapt to the changing credit union industry landscape.
Provided by John McKechnie
At the beginning of each year, it’s tempting to do a “predictions” column, where you make a lot of educated (and uneducated) guesses about the next 12 months. And as a DC observer you do this hoping that the reader won’t hold you accountable for your hits and misses next January.
Given the merger of the two largest credit union trade associations, and the merger of the two largest credit union payment system providers, the credit union industry as a whole is changing. Whether we like it or not, and whether we can control how things change, one thing for certain is the industry will never be the same. This applies to DCUC, as well.
Global CU and First Financial Northwest, Inc. Announce Agreement for Global CU to Acquire First Financial Northwest Bank
Anchorage, AL, and Renton, WA - Global CU (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest. The transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for the all-cash consideration of $231.2 million, subject to certain adjustments.
Oceanside, CA – The Frontwave Foundation announced today that it has donated $5,000 to Women’s Resource Center (WRC), a non-profit organization that offers comprehensive services to victims of domestic violence and sexual assault in North San Diego County. The donation is a testament to Frontwave Foundation’s vision to empower and improve the lives of the community. Domestic violence is a pervasive and devastating problem that affects millions of people worldwide. According to the World Health Organization, one in three women globally have experienced physical and/or sexual violence in their lifetime.
The PenFed Foundation Announces Exclusive Raffle in Partnership with LoudounStay Benefiting Military Heroes
Tysons, VA - The PenFed Foundation, a national 501(c)3 founded by PenFed CU is proud to announce an exclusive raffle in partnership with LoudounStay benefiting military heroes.
Participants not only enter to win an unforgettable escape but also support The PenFed Foundation’s mission to improve the lives of military heroes. Your contributions help fund essential programs: Military Heroes, Afghan Allies, and Veteran Entrepreneur programs. Raffle tickets can be purchased here. Tickets can be purchased until February 7, 2024, at 10 a.m. EST and the drawing will take place on February 9, 2024, at 10 a.m. EST.
Suitland, MD – Andrews FCU recently announced that Christopher Burgess will take on the role of VP of Marketing. In this role, Burgess will be responsible for leading strategic marketing and communications efforts for the $2.5 billion international financial institution.
Edwardsville, IL – The Scott CU Community Foundation recently awarded $100,000 With You education grants to support various educational initiatives in 34 schools. Since 2020, the Foundation has allocated over $205,000 to a variety of school projects. The With You grant program has become a cornerstone of the Foundation's commitment to fostering innovation and growth in local educational environments.
Credit Union West, a member-owned and Arizona based financial cooperative, is pleased to announce the promotion of Kelly Poldoski to the position of Chief Financial Officer. Poldoski took the position on December 19, 2023
Colorado Springs, CO - The National Credit Union Administration (NCUA) has approved the proposed merger of Blue FCU and Aventa CU. The credit unions, when merged, will do business as Blue FCU, with combined assets of more than $2.1 billion and over 153,000 members.