NW Preferred FCU Expands to Serve Insurance Professionals, Agencies Nationwide

The Portland-based credit union will leverage 75 years’ experience in the Northwest, to now serve insurance professionals across the country.

District Court Dismisses ICBA MBL Suit, Laying Groundwork for NW CU Flexibility

The decision is a substantial victory for the CUNA/League system, and the Main Street businesses represented by America’s credit unions.

CFPB Takes Action Against TCF National Bank’s Overdraft Opt-in Practices

Also, a weekly look at the federal regulatory landscape.

CUNA, NWCUA Back NCUA MBL Rule in Wake of ICBA Lawsuit

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.

Survey Shows Key Strengths, Challenges for Credit Unions With Engaging Members

Anthem talked to a few Northwest credit unions about how they handle member engagement, following a recent Gallup survey showing credit unions outpacing banks.

NCUA Webinar on Cybersecurity Outlines Current Landscape, Assessment Tools

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.

Congress to Cordray: Dodd-Frank Not Intended for Credit Unions, Community Banks

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.

Consumer Reports Praises Credit Unions for Excellent Service, Low Fees

93% of credit union members reported being “Highly Satisfied,” compared with 69% of customers from the four largest national banks.

Big Banks Driving Millennials Away With Fees

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.

Partnerships Key in Mobile Services: Boston Fed Report

Research shows that proprietary solutions struggle in the quick flow of innovation, while third-party partnerships hold promise.

CO-OP Surpasses Bank of America in Number of Branches

The credit union shared branching network is now third in the nation in number of branches.

FHLB Des Moines Completes Merger with FHLB Seattle

The merger, the first voluntary merger in the history of the FHLB system, closed on May 31.

Resist Banking Lobby’s Rhetoric

We need to meet the banking lobby’s misinformation campaign head on, says CUNA’s Mike Schenk.

FHLB Des Moines and FHLB Seattle Members Ratify Merger Agreement

The combined bank will be the largest in the FHLBank system, serving nearly 1,500 financial institutions.