121 Financial Credit Union is hosting a mega Christmas toy and clothing drive for Sulzbacher and right now donation are needed for families experiencing homelessness locally. David Marovich and Cindy Funkhouse, President and CEO of the organizations, join us to talk more about this.

So far, 121 Financial Credit Union has funded $7 million of its $30 million allocated for Paycheck Protection Program loans, and it expects to reach its cap sometime next week, CEO David Marovich said April 14. Marovich said the credit union saw about 400 applications before it had to shut down the portal last week to catch up in processing the applications and disbursing loans. “Once we get through this first round, we may be able to open it back up,” Marovich said. Applications for businesses applying to the program opened April 3. Self-employed and independent contractors could apply starting April 10.

121 Financial Credit Union awarded for service to the First Coast community

121 Financial Credit Union is honored to be named a 2020 Community Impact Award winner by the Jacksonville Business Journal. Our CEO, David Marovich, sat down with the JBJ staff in October 2020 to talk about how our institution is working to live up to our reputation as "Jacksonville's hometown credit union." In addition to helping preserve 4,100+ local jobs in 2020 with our small business PPP funding, we also helped local nonprofits respond to the COVID-19 pandemic -- from funding food banks to helping the Boys & Girls Club launch a homework hotline for kids.

As difficult and devastating as the coronavirus (COVID-19) pandemic has been, it’s also brought out the best in many credit union leaders. Take Tillery Durbin of $588 million asset 121 Financial Credit Union in Jacksonville, Fla., and Amber Rahn, culture and organizational development manager for $1.4 billion asset Blue Federal Credit Union in Cheyenne, Wyo. Durbin was promoted to business services director in April, when the pandemic arrived alongside a crush of SBA Paycheck Protection Program (PPP) loans.

121 Financial (“One to One”), Jacksonville’s hometown credit union which also serves Argyle Forest and Middleburg, is proud to announce Tillery Durbin, 121 Financial’s director of business services, as the recipient of three prestigious awards.

121 Financial Credit Union’s director of business services honored for being a small business champion, advocate and resource. 121 Financial (“One to One”), Jacksonville’s hometown credit union, is proud to announce Tillery Durbin, 121 Financial’s director of business services, as the recipient of three prestigious awards during September 2020. The awards, which collectively recognize and honor Durbin’s significant contributions toward improving the financial health and wellbeing of the credit union’s business members, include:

121 Financial is proud to recognize Tillery Durbin for receiving three prestigious awards that honor her contributions toward improving the financial health and wellbeing of the credit union’s business members. The awards include: 2020 Credit Union Rock Star by the Credit Union National Association; 2020 U.S. Small Business Administration (SBA) North Florida District Small Business Advocate of the Year; 2020 Florida Small Business Development Center (SBDC) Volunteer of the Year for UNF Region

Tillery Durbin has had an eventful 2020 with local, regional, and national recognition of her service. She was nominated for the Small Business Administration’s (SBA) Financial Services Advocate of the Year in North Florida, and was also nominated as one of the Jacksonville Business Journal’s Women of Influence. Durbin was also promoted in April to business services director at $550 million asset 121 Financial Credit Union, Jacksonville, Fla. Then the coronavirus (COVID-19) pandemic arrived, along with a crush of SBA Paycheck Protection Program (PPP) loans. That’s when the brutally long hours began.

At the end of every month or quarter, credit union finance professionals tackle the close process, or the preparation of the credit union’s financial statements for publication. It requires extensive research and reconciliation on the part of the finance team, and completing these tasks manually can be challenging. Nancy Wu, head of sales and customer support for SkyStem, says many credit unions experience pain points in their close processes. This is where automation tools can help to streamline the close process, removing inefficiencies and allowing teams to work more effectively together. For $551 million asset 121 Financial Credit Union in Jacksonville, Florida, implementing automation made the close process easier on the finance team. Chief financial officer Benjamin Munday says this led to smarter ways of working, improved morale, and happier team members.

The ingenuity, thoughtfulness and sense of community service that these companies have demonstrated during this time have stood out as a bright spot.

Tillery Durbin, Manager of Business Services for 121 Financial Credit Union, wins the 2020 Small Business Association’s North Florida District Small Business Advocate of the Year.