THE boost

TYSONS, Va.–As CUToday.info has reported, competition continues to grow more fierce in the credit card rewards arena as issuers seek to grab what is expected to be a surge.

TYSONS, Va.–As CUToday.info has reported, competition continues to grow more fierce in the credit card rewards arena as issuers seek to grab what is expected to be a surge in spending. Now, one CU has responded.

ANAHEIM, Calif.–Saying it is seeking to recognize the “courageous efforts” of healthcare workers who helped Southern Californians get through the COVID-19 pandemic, Credit Union of Southern California (CU SoCal) is offering to significantly lower auto loan payments for employees of six local hospitals.

VAN NUYS, Calif.–Los Angeles Police FCU said it has introduced “End of Watch Debt Protection,” which pays off a member's LAPFCU debt if he or she is killed in the line of duty. The program also covers civilian employees of the department.

LEHIGH VALLEY, Penn.–First Commonwealth FCU has launched “Work First,” a program it said “brings inclusive access to full-service concierge banking and financial health services directly to the diverse Lehigh Valley workforce, while supporting businesses in enhancing employee engagement and retention.”

MARGATE, Fla.–We Florida Financial Credit Union has become the latest to launch a “Heroes Loan,” which is said offers those who  serve and protect, both active and veteran, up to 50 basis points off their consumer loan rate. 

DENVER — Westerra Credit Union has launched several new offerings designed to aid in the home purchase process and that “ensure home buyers are fully credit qualified in an incredibly competitive market. 

EL CAJON, Calif.–East County Schools FCU has officially launched a financial wellness benefit for school district employees called "MyPayNow” that allows members early access to earned-but-unpaid wages each month, up to $1,000.

CHICAGO –– The coronavirus pandemic has accelerated shifts in banking behavior, including by generation, according to new research from BAI.

OLYMPIA, Wash.– Amid a surge in mortgage volume, WSECU looked to build momentum during the recent start of the buying season by donating up to $100,000 to Habitat to Humanity of Washington State by giving $500 for every new purchase first mortgage loan closed.