Compliance Question of the Week

If our members write their personal identification number (PIN) on their debit cards, and thieves use the PIN to take money out of the account, do we still have to pay even though the members’ own negligence caused the loss?

Membership Movement: New Bank Fees Driving Renewed Consideration of Credit Unions

The court of public opinion says banks have erred in their belief that consumers would accept new fees sitting down. As those potential members stand up, are credit unions ready to move them to a better choice?

Legal Briefs

Your update on the regulatory landscape.

Credit Union DE Training: How to Change the World in Six Days

Registration is now open for the 2012 Credit Union Development Education (DE) training class. In addition to a wealth of information, the six-day total immersion program offers global perspective and helps participants effect positive change through the credit union movement.

IRA Essentials Workshop: An Energetic Twist on Retirement Savings

There is still time to register for Paul Kern’s IRA Essentials Workshop. Scheduled for October in both Oregon and Washington, attendees will gain the IRA knowledge necessary to confidently work with IRA owners and process basic IRA transactions.

Compliance Question of the Week

If a credit union offers to deposit $25 in a member’s share account if the member refers an individual to the credit union, and this individual then opens an account, is the $25 considered a bonus?

NWCUA Convention to Include Unique Session on Political Advocacy for Credit Unions

The 2011 NWCUA Convention and Annual Business Meeting will include an important session on advocacy training, offering credit union-specific strategies for navigating the modern political climate.

Donations Allow You to Dress in Denim on Miracle Jeans Day

Credit union employees, in partnership with Credit Unions for Kids, are encouraged to donate $5 in exchange for the opportunity to wear jeans to work on Wed., Sept. 14. All proceeds benefit Children’s Miracle Network Hospitals.

Lacamas Community Credit Union Named 2011 Business of the Year by Camas-Washougal Chamber

Lacamas Community Credit Union Named 2011 Business of the Year by Camas-Washougal Chamber

Supreme Court to Look at RESPA Case

The case has significant implications for credit unions as it will consider if a consumer can sue in federal court when there is no evidence of actual injury.

Last Day to Get In Awards Nominations

The deadline for many of the Association’s awards, which are administered and presented by the Oregon and Washington Credit Union Foundations, is tomorrow, June 15.

New Options for Toll Free Credit Counseling for Credit Card Statements

Following the NFCC’s decision to charge for previously free toll-free numbers, there are other free options available, but CUs must be aware of the compliance issues if they switch providers.

FASB Clarifies TDRs

CPA Daren B. Tanner clarifies recent changes to Troubled Debt Restructuring after FASB released a new update.

In the Spotlight: Chapter Excellence Award

This award recognizes chapters for their contributions to the success of the credit union movement in the Northwest.