The Oregon Legislature returned to work on Tuesday, Feb. 1, and Gov. Kitzhaber released his budget to mixed reviews. The Northwest Credit Union Association has been analyzing hundreds of bills to determine the impact on the stateâ€™s credit unions.
Within one week of the conclusion of the GAC, Sen. Mark Udall (D-Colo.) introduced legislation (the
Small Business Lending Enhancement Act, S509) increasing the authority of credit unions to make business
loans to their members. By the end of that week, 15 senators from both sides of the political aisle, had signed on as cosponsors.
Credit unions today urged Congress to halt the progress of the Federal Reserve’s interchange proposal and study the impact that interchange changes would have on financial institutions and consumers alike before the interchange rulemaking process can continue.
More than 220 credit union advocates gathered at the Oregon State Capitol Tuesday for the annual â€œCredit Union Day at the Capitol,â€ an event designed to remind legislative members about importance of the credit union difference.
The bill that makes several updates to the Oregon Credit Union Act (SB 177) has a hearing Wednesday in the Senate General Government, Consumer & Small Business Protection Committee.
Nicole Charshaf has joined the Northwest Credit Union Association as communications designer, a position that will keep her busy creating electronic and print communications.
House Bill 1327 has been scheduled for a hearing before the Senate Financial Institutions, Housing & Insurance Committee today. The bill allows public entities to deposit public funds into federally chartered credit unions as well as state chartered credit unions, and increases the amount that may be deposited up to the maximum level of NCUSIF insurance.
Some Oregon credit unions will be taxed if the stateâ€™s banker association gets its way in Salem this year. The Oregon Bankers Association late last week introduced House Bill 3263 to tax state-chartered credit unions and interstate credit unions.
Congressman Rick Larsen (D-WA) agreed to co-sponsor H.R. 1081, the Consumers Payment System Protection Act, which would delay implementation of the proposed interchange rule for one year while the impact is studied.
Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.
The three-day judging event for the Spectrum Marketing and Communications Awards has wrapped up and judges are lauding the quality of the 2010 entrants.
Celebrate the end of the Washington Credit Union League Convention with a night of comedy and have a chance to win one of two iPads.
See Brandon Johnston sing his song at the Annual Business Meeting and download the song for free!
Applications are now being accepted for the 2010 Capitol Advocacy Award to recognize credit unions that have been leaders and participants in legislative and regulatory grassroots advocacy over the past year.