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TruWest Credit Union and American Lung Association Announce Partnership in Arizona and Texas

Posted By Shelly Peterson, TruWest Credit Union, Tuesday, July 24, 2018

TruWest Credit Union and the American Lung Association are excited to announce a joint partnership in furthering community efforts to fight lung disease. The Tempe, Arizona-based credit union will offer financial support for ongoing events as well as robust employee involvement at the local level.

“We believe in the work of the American Lung Association,” said Alan Althouse, CEO and President of TruWest Credit Union. “The goals and objectives of the Lung Association and the mission of TruWest are a great match in being dedicated to providing support in the community. We couldn’t be prouder to partner with this incredible organization.”

Nationwide, lung diseases affect more than 33 million Americans, with cancer being the highest cause of death. Lung disease is the third leading cause of death in Arizona. Lung disease death rates continue to increase while other leading causes of death have declined. The Lung Association combats these statistics by conducting lung health education, life-saving research, support, programs and services, and advocacy.

“This new partnership with TruWest means more support for the programs that our local communities so desperately need,” said Lung Association Chief Mission Officer Deb Brown. “Every two and a half minutes someone in the U.S. is told that they have lung cancer. The time to volunteer and help to save lives is now. TruWest’s involvement will allow its members and employees to further our mission.”

TruWest Credit Union kicked off the partnership with a $20,000 donation to the Lung Association on July 11, 2018, at the credit union’s headquarters in Tempe, Arizona. Credit union members can offer their support by donating at any of TruWest’s nine Metro Phoenix, Arizona or four Austin, Texas branch locations, or online at lung.org .

TruWest will also co-sponsor and participate in Lung Association events in Arizona and Texas, including LUNG FORCE Walks and Fight For Air Climbs .

About TruWest Credit Union

TruWest Credit Union  is headquartered in Tempe, Ariz., and operates as a cooperative to provide its membership with a lifetime of quality financial services and a culture of caring for its members, employees and communities. TruWest is a strong and sound financial institution with more than 86,000 members and assets totaling more than $1 billion. TruWest Credit Union has 13 branch locations—nine in metro Phoenix and four in Austin, Texas. For more information, visit truwest.org .

About the American Lung Association

The American Lung Association is the leading organization working to save lives by improving lung health and preventing lung disease, through research, education and advocacy. The work of the American Lung Association is focused on four strategic imperatives: to defeat lung cancer; to improve the air we breathe; to reduce the burden of lung disease on individuals and their families; and to eliminate tobacco use and tobacco-related diseases. For more information about the American Lung Association, a holder of the Better Business Bureau Wise Giving Guide Seal, or to support the work it does, call 1-800-LUNGUSA (1-800-586-4872) or visit Lung.org .

https://truwest.org/news/truwest-credit-union-and-american-lung-association/


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REAL MEN WEAR PINK

Posted By Tracelyn Sutton, American Cancer Society, Monday, May 21, 2018
https://youtu.be/jUz0a6HjDp0

 

About Real Men Wear Pink

Real Men Wear Pink was born out of a desire for men to have a unique way to help in the fight against breast cancer. Real Men Wear Pink gives communities the opportunity to nominate local male leaders to spearhead fundraising efforts for the American Cancer Society's breast cancer initiatives.

These initiatives include promoting early detection and prevention, funding groundbreaking research, and giving patients support wherever and whenever they need it. Because of the passion of supporters like you, Real Men Wear Pink is helping to save more lives from breast cancer.

 

Get Involved

The American Cancer Society can only make the impact that it does because of our generous donors and volunteers. Because of you, we've been able to fund lifesaving breast cancer research studies, crucial patient care programs, and education and prevention initiatives that have helped thousands of people across the globe. That's why it's so important to support and raise funds for your local Real Men Wear Pink campaign. When you do, you help save lives from breast cancer.

Nominate a Candidate

Nominate yourself or someone else in your community. We encourage past Real Men candidates to nominate a community leaders to continue the fight.

 

Fundraising for Real Men Wear Pink

 

Fundraisers are a fun and effective way to raise money and awareness for your Real Men Wear Pink campaign. But where do you start? Simple: pick a passion and give it a purpose by turning it into a fundraiser. Whether you love throwing dinner parties or playing a few rounds of golf, hosting an event can help you make it onto the Real Men Wear Pink leaderboard - and top the charts in the fight against breast cancer. We'll even help you promote your fundraisers. Check out your local event pages for details.

 

Meet our Tucson Real Men Wear Pink Team and Add your Name to the List Today.

 

 

 

http://main.acsevents.org/site/TR/?fr_id=90464&pg=entry&_ga=2.56990890.1014097386.1526938954-1031353408.1504734578


Tags:  cancer  real men wear pink  society 

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Arizona Governor Doug Ducey, Secretary of State, Michele Reagan and the Most Important Business People in Arizona Will Come Together with ASBA on May 15, 2018

Posted By ASBA, Monday, April 30, 2018

FOR IMMEDIATE RELEASE

For More Information Contact
Angelia Hill, Vice President, Marketing
Arizona Small Business Association (ASBA)
602-306-4000
ahill@asba.com

ARIZONA GOVERNOR DOUG DUCEY, SECRETARY OF STATE, MICHELE REAGAN AND THE MOST IMPORTANT BUSINESS PEOPLE IN ARIZONA WILL COME TOGETHER WITH ASBA ON MAY 15, 2018 TO HONOR INNOVATION, COLLABORATION AND PERSEVERANCE.

(SCOTTSDALE, AZ) – Arizona Governor Doug Ducey and Secretary of State, Michele Reagan will join outstanding business leaders, and small business champions to honor their contributions to the economy at the 25th Annual Enterprise Business Awards Luncheon (EBAL) presented by the U.S. Small Business Administration (SBA), and hosted by the Arizona Small Business Association (ASBA).

The EBAL awards luncheon attracts hundreds of high-level executives to celebrate Arizona winners of the SBA Small Business Week awards on May 15, 2018 at The Embassy Suites by Hilton Scottsdale Resort, 5001 North Scottsdale Rd in Scottsdale. Event information is available from ASBA at 602-306-4000 or www.arizonaEBAL.com.

The U.S. Small Business Administration recognizes hard work, great ideas and dedication to excellence during its 2018 National Small Business Week Awards starting April 29. Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to our nation’s economy.

"Each year the SBA has the honor of spotlighting Arizona winners of our Small Business Week awards in a ceremony that recognizes and celebrates the entrepreneurial spirit and community activism that has long characterized the small business community of our great state,” said Robert J. Blaney, the District Director of the SBA in Arizona. "These men and women are the risk takers, the innovators and the employers that power our economy and daily serve our communities, in business and as local leaders.”

“Small business owners who demonstrate a true passion for building something great and are willing to take on challenges to achieve big goals will be honored by Arizona Governor Ducey and Secretary Reagan. We are proud of the support from our top leaders to recognize the success of our members. With more than 90,000 small businesses located in Arizona, small business owners are the people who are driving the state’s economy. The Enterprise Business Awards Luncheon (EBAL) provides the opportunity for us to inspire entrepreneurs making a difference....the go-getters, the do-ers, the forward-thinkers, creators, and the Arizona small business champions”, states Angelia Hill, ASBA Vice President, Marketing.

A special presentation sponsored by COX Business, 3TV and ASBA – the Small Business Boost Contest will be highlighted at the luncheon. The top 3 finalists will be joining us in celebration as the final winner is announced. This is a highly anticipated moment of the event, full of surprise and emotion. Join us and be inspired!

ASBA continues a 45-year legacy of educating local small businesses about critical issues facing Arizona’s businesses, creating new and better ways to make business-to-business connections, and advocating for public policy supporting Arizona small businesses.

 

Facebook: www.facebook.com/AZSmallBIZ


Event Date: May 15, 2018

Time: 11:30a.m. – 1:30p.m.

Location: The Embassy Suites by Hilton Scottsdale Resort, 5001 North Scottsdale Rd, 5001 North Scottsdale Rd, Scottsdale AZ 85250

Tickets / Tables: www.arizonaEBAL.com

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Metro Phoenix Bank Reports Earnings of $828,000 or $0.22 per Diluted Share in 1Q 2018 and Loan Growth of 4.98%

Posted By Eve Tzinas, Metro Phoenix Bank, Thursday, April 26, 2018

 

 

 

PHOENIX, Apr. 26, 2018 /PRNewswire/-- Metro Phoenix Bank (OTCPink: MPHX)(“Bank”) announced net income for quarter ending March 31, 2018 increased 98% to $828,000, or $0.22 per diluted share, from $417,000, or $0.11 per diluted share in the fourth quarter of 2017.  Although reported net income decreased 33% from $1,237,000 in first quarter of 2017, when excluding non-recurring “settlement” income in the first quarter of 2017, the adjusted year-over-year first quarter net income increased 79% from $461,000.  

Excluding the Bank’s one-time Deferred Tax Asset write down in the fourth quarter of 2017, the core earnings of the Bank reflect a stable trend over the past three quarters. 

“The quality of the Bank’s earnings continue to improve each quarter as our loan portfolio grows and we achieve better efficiency,” stated Stephen P. Haggard, President and Chief Executive Officer. “We have a very good community bank ‘brand’ that has been reinforced over the past decade and we are fortunate to operate in a solid growth market that provides substantial opportunities.  This combination of a strong brand and a strong market will continue to support solid loan portfolio growth and furthermore, generate reasonable fee income and SBA gains-on-sale opportunities throughout 2018.”    

First Quarter 2018 Highlights:

  •  Net Income for the quarter was $828,000, or $0.22 per diluted share.
    • ROA of 1.90% for the quarter;
    • ROE of 12.00% for the quarter;
  • NIM of 5.52% for the quarter, with the cost of funds increasing to 0.45% compared to the linked quarter of 0.37%.
  • SBA Gains on Sale of $173M for the quarter.
  • Provision Expense of $50M for the quarter.
  • Efficiency Ratio of 55.61% for the quarter.
  • Loan growth was 4.98% for the quarter.
  • Non-Performing Assets remained at zero for the fourth consecutive quarter.

Balance Sheet

Total assets grew by 3.54% to $181.2 million at March 31, 2018, and increased 19.04% compared to $152.2 million a year ago.  Total loans grew by 4.98% to $144.5 million at March 31, 2018, and increased 27.81% compared to $113.2 million a year ago. Total deposits grew by 1.47% to $149.1 million at March 31, 2018, and increased 12.91% compared to $132.1 million a year ago. 

The allowance for loan losses totaled $1.6 million at March 31, 2018, or 1.13% of total loans.  No material changes have occurred in the credit quality of the loan portfolio since the preceding quarter.

Shareholders’ equity increased to $28.4 million at March 31, 2018, from $27.6 million the preceding quarter.  At March 31, 2018, book value and tangible book value were $8.39 per share compared to $8.15 per share at December 31, 2017.

 

Capital Management

The Bank’s capital ratios exceeded the regulatory guidelines for a well-capitalized financial institution under the Basel III and Dodd Frank Wall Street Reform requirements at March 31, 2018.  The Bank reported the following capital ratios:

                                                                             Bank              Regulatory

                                                                           03/31/18       Well Capitalized

Tier 1 Leverage Ratio                                          16.03%               5.00%

Common Equity Tier 1 Capital Ratio                   20.44%               6.50%

Tier 1 Risk Based Capital Ratio                           20.44%               8.00%

Total Risk Based Capital Ratio                             21.64%             10.00%

 

About the Company

Metro Phoenix Bank, Inc., headquartered in Phoenix, Arizona is a full-service community Bank that caters to small-to mid-sized businesses and real estate professionals.  It offers deposit and loan products and services as well as convenient on-line banking.  The Bank was established in 2007 and operates out of single corporate office.  The company is traded over-the-counter as MPHX.  For further information please visit the website: www.metrophoenixbank.com.

 

Forward-looking Statements

This press release may include forward-looking statements about Metro Phoenix Bank.  These statements involve certain risks and uncertainties that could cause actual results to differ materially from those in in the forward-looking statements.  Such risks and uncertainties include, but are not limited to, the following factors: competition, fluctuations in interest rates, dependency on key individuals, loan defaults, geographical concentration, litigation and changes in federal laws, regulations and interpretations thereof.  All forward-looking statements included in this press release are based on information available at the time of the release, and Metro Phoenix Bank assumes no obligation to update any forward-looking statement. 


Contact:         Stephen P. Haggard

                        President & CEO

                        602-346-1800

                        shaggard@metrophoenixbank.com

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Mr. Eric Renaud, to serve as 2018 Chair of the American Cancer Society

Posted By Tracelyn Sutton, American Cancer Society, Wednesday, April 11, 2018

 

 

Mr. Eric Renaud, to serve as 2018 Chair of the American Cancer Society

Live Dinner Show Gala

 

Tucson, AZ (April 11th, 2018) --- The American Cancer Society is excited to announce that Mr. Eric Renaud, President/CEO, Pima Federal Credit Union has agreed to accept the position of Chair for the 2018 Live Dinner Show Gala set for September 22nd, 2018 at the Hilton El Conquistador.  

A native of rural upstate New York, Mr. Renaud earned his Bachelors and Master of Science in Business Management from the State University of New York Institute of Technology, Utica, NY. Mr. Renaud began his financial services career with a small regional commercial bank in upstate New York, moving to Phoenix in 1999, pursuing an opportunity in the software industry and of course, a change in climate. In 2003, Mr. Renaud re-entered the financial services industry, finding himself in credit unions; deeply appreciating the mission of people-helping-people, as supported by a member owned financial cooperative. In December 2011, Eric moved to Tucson, accepting a position as Chief Financial Officer at Pima Federal Credit Union, becoming president & CEO in 2016.

In the community, Eric serves on the boards of the Greater Oro Valley Chamber of Commerce and Tucson Values Teachers and is a member of the Southern Arizona Leadership Council.

Eric has been married for 28 years to Christine and has three adult children.

“We are really excited about how things are coming together.   This year’s Live Dinner Show Gala will have incredible actors, performers, singers along with mouthwatering food, amazing auction items and so much more.  Many of our employees and their families have been personally impacted by this disease and I am proud to be part of this event to help us continue the fight against cancer. “ Visit online at www.acslivedinnershow.com

Others serving on the Live Dinner Show committee include:  Javier Guillen, Vice Chair along with Dr. Liz Almli, Jesse Andre, Rachael Collins, Sarah Eschenbrenner, Luigi Fiorino, Kevin Fischer, Larry Fox, Shane Harbin, Jennifer Harsy, Chanel Lopez, Nina Mamula, Pricilla Marquez, Arielle Overman, Susan Penny, Gayle Petrillo, Deb Rossi, Tim Rossi, Megan Ryan, Eric Schumacher,  Cindy Sheller, Andrea Shirley, Karen Shriver

For more information on the Live dinner show, including sponsorship opportunities, or if you would like to be placed on the mailing list, please contact Adrienne Barker at 520-357-1457.

The American Cancer Society has been leading the fight to end cancer.  With your support, we have helped usher in an era where more people survive cancer than ever before. By translating our research findings into action, we've seen a 25% decline in US cancer death rates since the early 1990s.  Progress continues and is currently estimated at 500 fewer cancer deaths every day.

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Tags:  american cancer society  'eric renaud  pima federal credit union 

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