Compliance Question of the Week

If our member gave someone his credit card number to make an online purchase and that person takes the number and purchases several other times against the Visa, what is the credit unions liability? Would we have to refund the member for the purchases that were made with the Visa, or would the member need to take action against the person who made the transactions against their account?

Legal Briefs

Your weekly update on the regulatory landscape.

Pear Man Loans Open Ag Niche for Credit Union MBLs

As local farmers retire, North Coast Credit Union, through a program passed along by Express Credit Union, is finding a way to keep local agriculture alive and community members employed by working with a non-profit farm/farmer incubator program.

NWCUA’s First Spring Hill Visit Keeps Credit Union Issues Top of Mind

Two Oregon legislators signed on as co-sponsors of the ATM disclosure bill after an NWCUA delegation traveled to D.C. last week for the Association’s first-ever spring Hike the Hill event. The group also met with the NCUA leadership team and the CFPB.

Has the Credit Union Movement Reached a Strategic Inflection Point?

During his presentation at the Leadership Symposium on June 21, CUNA Mutual’s John Lass will discuss whether the credit union system has reached a strategic inflection point, a time when an industry must completely retool its model to stay relevant.

Washington Credit Unions Invited to Learn About New Turnkey Prize-Linked Savings Plan

Washington credit unions may finally be well-positioned to offer prize-linked savings accounts, thanks to funding approved by the Northwest Credit Union Association board and a new operations model offered by the Michigan Credit Union League.

Senior Treasury Analyst

Unitus Community Credit Union – Portland, OR

Media Reports of European Bank Strife Could Impact U.S. Consumer Confidence

News reports of the financial upheaval in Europe have begun describing the situation as a “bank run,” which will likely lead to consumer questions about the stability of American financial institutions as media coverage expands.

Award Winning Marketer Urges Conference-Goers to Think Outside the Box

NWCUA Marketers’ Conference participants were given many tools to improve their skills. Session leader Kelley Parks inspired participants to not be held back small budgets; urging them to step outside the confines of traditional messaging and marketing.

The Case for Supplemental Capital: A Credit Union Shares its Story

Credit unions face the prospect of turning away new members without the ability to raise supplemental capital. Asking for Congressional support is on the agenda for the June “Hike the Hill” event.

CUNA Regulatory Advocacy Report

CUNA Regulatory Advocacy Report for May 4, 2012

Vice President of Information Services

Seattle Metropolitan Credit Union

SVP/Chief Financial Officer

Fibre Federal Credit Union – Longview, WA

Virtual Member Service Representatives

Rivermark Credit Union – Beaverton, OR