Briefs for Saturday

Dec. 18, 2020 Updated Fri., Dec. 18, 2020 at 6:50 p.m.

Spokane Teachers Credit Union announced this week that it has donated about $400,000 to more than 120 area organizations as part of its “Season of Giving” donation effort.

The Spokane-based credit union wrote checks ranging from $25 to $1,000 to 103 organizations where employees volunteered during the coronavirus pandemic in 2020. It also wrote checks ranging from $10,000 to $32,000 to 20 community organizations to assist their work in providing basic needs and helping keep youth connected, according to a news release.

The recipients included nonprofit organizations in Eastern Washington, Tri-Cities and North Idaho.

“We’ve always appreciated the vital services these organizations provide to individuals and families, helping make our community stronger and more equitable,” said STCU president and CEO Ezra Eckhardt in the news release. “In a year with so many challenges, they need our support more than ever.”

Spokane steel company sold

A Spokane-based steel service company has been acquired by a Nebraska-based Norfolk Iron & Metal, Co., in a transaction that is scheduled to close by the end of the month.

The deal would add The Coeur d’Alenes Company’s three locations into Norfolk Iron & Metal’s growing northwest operations, according to a news release.

“Cd’A Metals’ complementary capabilities combined with its long history of success positions us well to further develop our business in the northwestern markets,” said Richard Robinson, CEO of NIM, said in a news release. “This investment represents a strategic opportunity to increase our capacity and geographic presence and is integral to our commitment to meet the growing needs of our customers.”The Coeur d’Alenes Company, founded in 1884, provides bar and structural steel, plate and sheet products and ornamental iron.

The deal would add NIM, which is based in Norfolk, Nebraska.

From staff reports

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