The Portland-based credit union will leverage 75 years’ experience in the Northwest, to now serve insurance professionals across the country.
The decision is a substantial victory for the CUNA/League system, and the Main Street businesses represented by America’s credit unions.
Also, a weekly look at the federal regulatory landscape.
Called a “publicity stunt” by CUNA CEO Jim Nussle, the lawsuit was filed Wednesday by the Independent Community Bankers of America challenging the NCUA’s revised MBL rule.
Anthem talked to a few Northwest credit unions about how they handle member engagement, following a recent Gallup survey showing credit unions outpacing banks.
A webinar produced by the NCUA last week detailed the vast and changing landscape of cybersecurity, and reviewed some of the assessment tools available to credit unions to develop a ‘common language’ around prevention and resiliency.
The majority of Congress—including a large delegation of Northwest members— agrees that the CFPB’s approach may unintentionally burden credit unions and community banks. More than 240 Members of Congress have written Director Richard Cordray to tell him so.
93% of credit union members reported being “Highly Satisfied,” compared with 69% of customers from the four largest national banks.
Credit unions stand to gain Millennial members as the younger generation looks for alternatives to the higher fee structures of big banks. Credit unions can capitalize with low-fee, transparent products and services.
Research shows that proprietary solutions struggle in the quick flow of innovation, while third-party partnerships hold promise.
The credit union shared branching network is now third in the nation in number of branches.
The merger, the first voluntary merger in the history of the FHLB system, closed on May 31.
We need to meet the banking lobby’s misinformation campaign head on, says CUNA’s Mike Schenk.
The combined bank will be the largest in the FHLBank system, serving nearly 1,500 financial institutions.