Washington Advocacy
2022 Washington Legislative Session Underway
The Washington State Legislature officially gaveled in today for its 60-day session that will see lawmakers attempt to tackle a number of important issues without much time to get them done.
U.S. DOL Issues Emergency Temporary Standard for Large Employers to Implement COVID-19 Vaccination or Testing Policy
NWCUA’s Compliance team breaks down the new standard and provides insight on state-specific responses.
NCUA Issues Guidance on ECIP 30-Year Maturity Date Utilization
In a statement from the letter NCUA outlines, “Low-income credit unions may receive 30-year subordinated debt investments from the ECIP.
Grassroots Response: IRS Reporting Requirement Proposal
A recent IRS data collection proposal taken up in the Reconciliation package in congress has brought us yet another opportunity to show up and make our collective voices heard.
Action Alert: IRS Reporting Requirements Proposal
This effort is intended to improve taxpayer compliance and increase federal revenues by $463 billion over the next ten years.
August Virtual Hike Meetings
In focus for these meetings are the potential threats to the credit card interchange system being floated in the Senate.
Washington State’s Economist Revises Revenue Forecast Upward
The news came during yesterday’s meeting of the Washington State Economic and Revenue Forecast Council as part of Dr. Stephen Lerch’s official quarterly forecast.
Gov. Inslee signs public funds bill into law
The bill cleared the Legislature last week with a 68-30 vote by the House of Representatives, which came after a 40-7 vote in the Senate earlier this year.
Washington Vaccine Eligibility to Expand April 15
3.3 million Washingtonians have received their first dose.
Public Funds Legislation Clears Another Key Hurdle
Legislation allowing credit unions to hold unlimited public deposits statewide took another step forward.
House Holds Public Hearing on Public Deposit Legislation
Lawmakers returned to committee to hold hearings on policies that were approved in the opposite chamber.
Washington Senate Approves Public Funds Legislation
The Washington State Senate today approved legislation by a significant 40-7 margin that would allow credit unions statewide to hold unlimited public deposits from local municipalities and the state.
Washington House Approves Update to Credit Union Act
The bill now heads to the Senate where it will await a hearing in the Senate Financial Services Committee.
Priority Legislation Advances with Bipartisan Support
Legislation allowing credit unions to accept unlimited public deposits statewide was approved by a Senate Committee with bipartisan support.
Legislative Session Off To A Fast Start
Washington’s virtual 2021 legislative session is off to an incredibly fast start for credit unions.
State Vaccine Protocols & Distribution Work
The federal government and individual states make plans for how to roll out COVID-19 vaccines.
Inslee Introduces “Healthy Washington” Re-Opening Plan
The plan is to follow the state’s modified short-term restrictions that went into place in November.
Inslee Budget Proposal Invests in Public Health
A proposed $57.9 billion state operating budget is planned for the 2021-23 cycle.
Senate Financial Institutions Committee Will Feature Both Familiar and New Faces
The committee will continue to have seven members made up of four Democrats and three Republicans that will include three new members for the 2021-22 legislative cycle.
Inslee Extends COVID-19 Restrictions
Inslee cited increasing hospitalization and infection rates that still do not yet even fully capture the impact of Thanksgiving holiday gatherings.