Business Briefs | Credit union, cooperative accepting grant applications – Times-Standard

$100,000 available through the credit union program

Coast Central Credit Union is now accepting applications for a portion of the Spring 2022 grant funds. The credit union will provide a total of $100,000 in grants across the tri-county area.

Grants typically range from $3,000 to $25,000 and there are typically eight to 12 recipients in the community.

Central Coast Credit Union’s giving program began in 2008, and since then the credit union has awarded a total of more than $1.7 million to 175 organizations in Humboldt, Del Norte and Trinity counties.

“CCCU typically contributes more than $400,000 in annual community giving through its grants, sponsorships and college scholarship programs, as well as thousands of volunteer hours across its three counties,” Central Coast said in a statement. Press release.

Applications and more information are available at coastccu.org. The application deadline is February 28 at 5 p.m. and applications should be submitted to the Humboldt Area Foundation by email to [email protected] or by mail to 363 Indianola Rd, Bayside CA 95524. Grant decisions will be announced in April.

Cooperative providing grants to local non-profit groups

The North Coast Co-op invites local nonprofit organizations and tax-exempt public schools located in Humboldt County to apply for its community grants program.

Grants are for projects that address sustainability, community development, cooperatives, or food security and education.

Grants will range in size from $500 to $3,000.

Applications are available online at https://northcoast.coop/CCFGrants or can be picked up at Arcata and Eureka Co-op customer service offices. The deadline to apply is March 23.

Redwood Capital Bank announces its results

Redwood Capital Bank announced its unaudited financial results for the three and 12-month periods ending December 31, 2021 in a press release. The bank “reported record profits and unprecedented loan growth.”

“2021 has been an extraordinary year as the COVID-19 pandemic has continued and many businesses have faced ongoing challenges,” interim CEO Jennifer Budwig said in a prepared statement. “Redwood Capital Bank staff have maximized their efforts to address these challenges by meeting the needs of our customers and our community. Redwood Capital Bank’s growth resulted from new relationships gained through the Small Business Administration’s Paycheck Protection Program, Series 1 and 2. Nine hundred and seventy-five loans were processed, totaling $104 million that been disbursed into our local economy.

Total assets as of December 31, 2021 were $595 million, an increase of 1% over September 30, 2021 and a 20% increase over December 31, 2020. year amounted to $542 million.

Consolidated net income before tax for the three and 12 months ending December 31, 2021 totaled $1,794,000 and $7,700,000, down 7% from the figure reported for the three months ending September 30, 2021 and a 24% increase over the figure reported for the twelve months ending December 31, 2020.

The company also reported net income for the fourth quarter of 2021 of $1,293,000, while net income for the year ended December 31, 2021 was $5,592,000.

CR offers mandatory safety courses

The College of the Redwoods Community Education will be offering an Incident Safety Awareness course for hired vendors this spring semester. Cal Fire and the U.S. Forest Service, in partnership with the school, are able to provide the required rental equipment safety training for the 2022 fire season.

“Bulldozer operators, water tenders, bus drivers, vehicle drivers, mechanics who have a Cal Fire/USFS agreement or contract requiring annual safety training will be required to take this mandatory class or they will not be eligible for contracts for the entire 2022 fire season,” the university said in a press release. safe while fighting fires during the 2022 fire season.”

Classes will be held at the Performing Arts Theater at CR’s main campus and classes will begin February 25.

All class sections will take place at the CR Main Campus Performing Arts Theater. Course dates begin February 25. For more information, visit https://bit.ly/3Hvd7D4. To register, call 707-476-4500.

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