CPA Daren B. Tanner clarifies recent changes to Troubled Debt Restructuring after FASB released a new update.
This award recognizes chapters for their contributions to the success of the credit union movement in the Northwest.
The Association and its partner Repo Remarketing will be hosting a â€œcredit union day at the auctionâ€ on June 15 to explain how they can help credit unions manage their collateral liquidations.
According to the NCUAâ€™s analysis, the Federal Credit Union Act does not allow the agency to charge a mandatory prepaid assessment to all credit unions. However, the agency has developed a plan to allow credit unions to voluntarily prepay some of their stabilization fund assessments.
Many of these funds went to support educational opportunities such as the Western CUNA Management School and disaster relief following storms in the Southern U.S.
These funds will go to the Doernbecher Childrenâ€™s Hospital in support of new facilities, equipment, research, and patient programs.
Through a methodical and deliberate process, management and the board came up with a process that addressed concerns and prepared the credit union for the future.
Following the breach at the marketing firm, credit unions will need to communicate effectively with members, even if the organization’s data was not directly compromised.
Late last week the Treasury released its interim final rule that will make radical changes to your credit unionâ€™s garnishment proceedings. This rule applies unless the garnishor is the Federal government or a State child protection agency.
Credit unions are calling on Congress to stop, study and start over on planned interchange fee regulations, and legislation that would do just that could be introduced later this week.
How can a member challenge a garnishment of an account that contains a protected payment that was not found during the look back period required under the rules from the Treasury for Garnishment of Accounts Containing Federal Benefits Payments?
When do I need to notify members about the change in next-day availability of funds that has increased because of Dodd-Frank?
Falling home prices, rising medical costs, and a stagnant job market are causing many families in the Pacific Northwest to struggle to keep up with their debt obligations. In this environment, bankruptcy will look like an unwanted, but increasingly attractive option.
Social media users who follow the Washington Credit Union Leagueâ€™s Twitter feed @waleague have an opportunity to win a free, full registration to the 2010 Washington Credit Union League Convention, Sept. 14-17 in SeaTac.