National Credit Union Administration

SECU Foundation Welcomes 16 Non-profits to Mission Development Grant Program With $640,000 in Awards

Retrieved on: 
Thursday, March 21, 2024
ATM, Education, Mobile app, National Credit Union Administration, Trauma, Mental health, NCUA, Cabarrus County, North Carolina, Woman, Housing, Joy, Creative, Nursing

Several grantees shared their gratitude and how the grant will impact their organization:

Key Points: 
  • Several grantees shared their gratitude and how the grant will impact their organization:
    Wake County: Designed For Joy Co-Founder and Creative Director Kristen Sydow said, “Designed For Joy is thrilled to be part of the SECU Foundation Mission Development Grant program this year.
  • What we appreciate the most is that SECU Foundation not only talks the talk, but they walk the walk.
  • The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, healthcare, and human services.
  • Since 2004, SECU Foundation has made a collective financial commitment of over $258 million for initiatives to benefit North Carolinians statewide.

SECU Foundation Awards Crittenton $600,000 Grant for Capital Campaign Project

Retrieved on: 
Tuesday, March 12, 2024
Mother, ATM, Partnership, Mobile app, Education, National Credit Union Administration, Trauma, NCUA, Poverty, Woman, Survivor, Housing

CHARLOTTE, N.C., March 12, 2024 (GLOBE NEWSWIRE) -- SECU Foundation has awarded a $600,000 challenge grant to Crittenton , a Mecklenburg County non-profit dedicated to serving vulnerable women, families, and children in North Carolina.

Key Points: 
  • CHARLOTTE, N.C., March 12, 2024 (GLOBE NEWSWIRE) -- SECU Foundation has awarded a $600,000 challenge grant to Crittenton , a Mecklenburg County non-profit dedicated to serving vulnerable women, families, and children in North Carolina.
  • The Foundation’s grant will help fund a capital campaign project to meet the current and future needs of their residential programs.
  • The Foundation’s grant and the support of so many others are ensuring Crittenton can continue their critical work for many years to come.”
    “We are grateful for our partnership with SECU Foundation and for this grant which enables Crittenton to meet our capital campaign goal, purchase our facility, and expand our parking and recreation area,” said Crittenton CEO Jada Charley.
  • Since 2004, SECU Foundation has made a collective financial commitment of over $258 million for initiatives to benefit North Carolinians statewide.

EXCESS SHARE INSURANCE SELECTED TO PROVIDE DEPOSIT INSURANCE FOR MILITARY BANKING FACILITIES OVERSEAS

Retrieved on: 
Wednesday, April 3, 2024
Navy Federal Credit Union, American Share Insurance, National Credit Union Administration, History, ESI, Military personnel, Insurance, Woman, ASI, Overseas, Community Bank, MBF, Credit union, Navy, Bank

DUBLIN, Ohio, April 3, 2024 /PRNewswire/ -- Excess Share Insurance (ESI), a wholly owned subsidiary of American Share Insurance (ASI), announced today that the company will provide private deposit insurance for Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • DUBLIN, Ohio, April 3, 2024 /PRNewswire/ -- Excess Share Insurance (ESI), a wholly owned subsidiary of American Share Insurance (ASI), announced today that the company will provide private deposit insurance for Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are a part of the Department of Defense (DoD) Overseas Military Banking Program.
  • With 60 branches and 272 ATMs on bases throughout Europe and the Pacific, MBFs play a crucial role in meeting the banking needs of the military community.
  • "ESI's experience and proven track record of providing private deposit insurance will empower the Overseas Military Banking Program to succeed in its mission while protecting the deposits of the military service members it serves," said Theresa Mason, president and CEO of ASI and ESI.

SRM Announces Former NCUA Chairman Rodney Hood to Join International Advisory Board

Retrieved on: 
Monday, March 4, 2024
Thought Leadership, Payments, Finance, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Hood, National Credit Union Administration, Access, Pleasure, NeighborWorks America, NCUA, Vice, Management

SRM (Strategic Resource Management), a trusted advisory firm serving financial institutions globally, announced that former National Credit Union Administration (NCUA) Chairman Rodney E. Hood is joining the company's diverse and growing international advisory board.

Key Points: 
  • SRM (Strategic Resource Management), a trusted advisory firm serving financial institutions globally, announced that former National Credit Union Administration (NCUA) Chairman Rodney E. Hood is joining the company's diverse and growing international advisory board.
  • Hood, a well-known regulatory leader and a staunch advocate for economic empowerment and financial inclusion, brings over three decades of financial services expertise to his SRM board role.
  • "I've had the pleasure of knowing Rodney Hood for many years and couldn't be happier and more honored to have him join the International Advisory Board at SRM," said Brad Downs, SRM's Chief Executive Officer.
  • In 2019, he became the Eleventh Board Chairman of the NCUA, becoming the first Black American to lead a regulatory agency in banking and finance.

Posh AI Welcomes Former NCUA Chairman Rodney E. Hood to Board of Directors

Retrieved on: 
Wednesday, February 28, 2024
Professional Services, Small Business, Technology, Software, Finance, Artificial Intelligence, Banking, Hood, National Credit Union Administration, NCUA, Rodney Hood, Multimedia, GRC, ACCESS, Access, Entrepreneurship, Risk, Wells Fargo, Posh, Ecosystem, JPMorgan Chase, Education, Bank

Posh AI, the leader in conversational and generative AI solutions purpose-built for the financial industry, today announced the addition of former National Credit Union Administration (NCUA) Board Chairman Rodney E. Hood to its Board of Directors.

Key Points: 
  • Posh AI, the leader in conversational and generative AI solutions purpose-built for the financial industry, today announced the addition of former National Credit Union Administration (NCUA) Board Chairman Rodney E. Hood to its Board of Directors.
  • Most notably, he served on the NCUA Board under two presidential administrations.
  • View the full release here: https://www.businesswire.com/news/home/20240228476338/en/
    Rodney Hood joins the Posh Board of Directors.
  • (Photo: Business Wire)
    “We are deeply honored to welcome Mr. Rodney Hood to our Board of Directors,” says Posh AI’s CEO and Co-Founder Karan Kashyap.

Former NCUA Chairman Rodney E. Hood Joins Zest AI's Board of Directors

Retrieved on: 
Wednesday, February 14, 2024
Hood, Woman, ACCESS, Access, Fintech, NeighborWorks America, Upfront Ventures, Matrix Partners, COVID-19, Insight Partners, NCUA, Black, Vice, National Credit Union Administration, AAPI, Humanity, JPMorgan Chase, Education, Management

LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Zest AI, the leader in AI lending technology, is honored to welcome the former National Credit Union Administration Board (NCUA) Chairman, Rodney E. Hood, to its Board of Directors. A longtime champion of economic empowerment and financial inclusion, Hood brings 30 years of both public and private financial services experience to the now five-person board, which also includes Upfront Ventures Partner Aditi Maliwal, Matrix Partners General Partner Dana Stalder, and Insight Partners Managing Director Jon Rosenbaum.

Key Points: 
  • LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Zest AI , the leader in AI lending technology, is honored to welcome the former National Credit Union Administration Board (NCUA) Chairman, Rodney E. Hood, to its Board of Directors.
  • "It's a privilege to welcome Rodney to our Board of Directors," said Zest AI CEO Mike de Vere.
  • From his commitment to ensuring an equitable credit system to his fearless and forward-thinking mindset, Rodney embraces AI technology for good.
  • In 2019, he was nominated to serve again, this time as NCUA Board Chairman, making Hood the first Black American to lead a banking regulatory agency.

SECU Foundation Awards $2 Million Grant to Help Good Shepherd Center Fight Homelessness

Retrieved on: 
Tuesday, January 30, 2024
ATM, Disability, Homelessness, Environment, Shepherd Center, Housing, NCUA, Mobile app, Education, National Credit Union Administration, Veteran, GSC, Person

WILMINGTON, N.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- SECU Foundation has announced its award of a $2 million challenge grant to Good Shepherd Center (GSC) in Wilmington, demonstrating its ongoing commitment to improving the lives of North Carolinians.

Key Points: 
  • WILMINGTON, N.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- SECU Foundation has announced its award of a $2 million challenge grant to Good Shepherd Center (GSC) in Wilmington, demonstrating its ongoing commitment to improving the lives of North Carolinians.
  • This latest grant builds upon the successful collaboration between SECU Foundation and Good Shepherd Center in 2016 for the development of SECU Lakeside Reserve , a housing project that has successfully helped adults transition out of homelessness and regain their independence.
  • Good Shepherd Center has been feeding the hungry, sheltering the homeless, and fostering the transition to housing since 1983.
  • Since 2004, SECU Foundation has made a collective financial commitment of over $258 million for initiatives to benefit North Carolinians statewide.

NCUA Approves Merger of Blue Federal Credit Union and Aventa Credit Union

Retrieved on: 
Wednesday, January 3, 2024
National Credit Union Administration, Partnership, Blue, NCUA, Spring, City centre, Bank

Colorado Springs, Colorado, Jan. 03, 2024 (GLOBE NEWSWIRE) -- The National Credit Union Administration (NCUA) has approved the proposed merger of Blue Federal Credit Union and Aventa Credit Union.

Key Points: 
  • Colorado Springs, Colorado, Jan. 03, 2024 (GLOBE NEWSWIRE) -- The National Credit Union Administration (NCUA) has approved the proposed merger of Blue Federal Credit Union and Aventa Credit Union.
  • The credit unions, when merged, will do business as Blue Federal Credit Union, with combined assets of more than $2.1 billion and over 153,000 members.
  • The next step in the process is approval of the merger by members of Aventa Credit Union.
  • "Blue Federal Credit Union warmly welcomes Aventa's members and employees as we join forces,” said Stephanie Teubner, Blue Federal Credit Union's President/CEO.

SECU Foundation and North Carolina Coastal Federation Collaborate to Protect Coastal Communities

Retrieved on: 
Friday, December 15, 2023
National Credit Union Administration, Ecosystem, Partnership, Federation, NCUA, ATM, NCCF, North Carolina Coastal Federation, Education, Housing, Wetland, Mobile app, Volunteering, Poverty

MOREHEAD CITY, N.C., Dec. 15, 2023 (GLOBE NEWSWIRE) -- SECU Foundation and North Carolina Coastal Federation (NCCF) are teaming up to help protect and enhance five North Carolina coastal communities through a three-year expansion of NCCF resilience projects.

Key Points: 
  • MOREHEAD CITY, N.C., Dec. 15, 2023 (GLOBE NEWSWIRE) -- SECU Foundation and North Carolina Coastal Federation (NCCF) are teaming up to help protect and enhance five North Carolina coastal communities through a three-year expansion of NCCF resilience projects.
  • “This project is a wonderful opportunity to proactively support coastal communities by protecting and restoring our state’s coastal areas that are threatened by environmental and economic challenges,” said SECU Foundation Executive Director Jama Campbell.
  • We’re grateful for the leadership support of SECU Foundation in launching this new partnership,” said Coastal Federation Executive Director Todd Miller.
  • Since 2004, SECU Foundation has made a collective financial commitment of over $258 million for initiatives to benefit North Carolinians statewide.

Triangle Business Journal Names SECU Foundation Among Its 2023 Corporate Philanthropy Award Winners

Retrieved on: 
Tuesday, December 5, 2023
National Credit Union Administration, Quality of life, Travel, TBJ, State, NCUA, Credit union, ATM, Education, Heart, Housing, Mobile app, American City Business Journals, Pharmaceutical industry

RALEIGH, N.C., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Triangle Business Journal (TBJ) has named State Employees’ Credit Union (SECU) Foundation a recipient of its 2023 Corporate Philanthropy Award.

Key Points: 
  • RALEIGH, N.C., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Triangle Business Journal (TBJ) has named State Employees’ Credit Union (SECU) Foundation a recipient of its 2023 Corporate Philanthropy Award.
  • Funded by the contributions of SECU members, SECU Foundation has demonstrated the credit union “People Helping People®” philosophy in a powerful and profound way through its impactful work with North Carolina non-profits.
  • “With the support of SECU members, our Foundation is making such a positive difference for so many North Carolinians, and we are honored to have SECU Foundation recognized by TBJ for its dedication and important work to strengthen our communities across the state.”
    Read TBJ Reveal 2023 Corporate Philanthropy Winners for more information.
  • Since 2004, SECU Foundation has made a collective financial commitment of over $258 million for initiatives to benefit North Carolinians statewide.