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?
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.
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.
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 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.
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.
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.
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 for May 4, 2012