Credit Unions Advised of Returned Mail Best Practices When Issuing Credit and Debit Cards

A change of address notice does not satisfy validation requirements of card issuers’ rules.

New Federal Regulations Impact Commercial Production of Industrial Hemp

Credit unions are advised to ensure industrial hemp operation members comply with licensing, testing, and other state requirements.

Regulators Update CECL FAQ

Until CECL becomes effective, credit unions must continue to follow current Allowance for Loan and Lease Losses methodology.

Northwest Small Credit Unions Encouraged to Apply for the Small Business Health Care Tax Credit

Past recipients report receiving thousands of dollars in refunds; qualifying small credit unions must file by May 15 deadline.

Updated Uniform Residential Loan Application Use Required in 2020

Recommendations help credit unions prepare for implementation.

Credit Unions Grapple with Check Scams; Fight to Identify and Stop Them

Katie Clark, your Association’s Director of Regulatory Affairs and Risk Management, dives into what credit unions can do to detect these scams.

Washington State Paid Family and Medical Leave Reporting Timeline Changed

Employer reports and payments for Q1 and Q2 due in July.

New Oregon Driver License and ID Cards not yet Real ID-Act Compliant

Changes to cards will enhance security; distribution begins this month.

As Tax Season Approaches, Credit Unions Should Remain on Alert for Tax Refund Fraud

Watch for several red flags, including multiple direct deposit tax refund payments.

New Legislation in Effect for Oregon’s Equal Pay Act

Employers cannot discriminate on the basis of an employee’s status.

Northwest Credit Unions Provide Feedback; NWCUA Issues Comment Letter on Proposed Changes to Funds Availability Act

Credit unions unanimously express concern over proposed reduction of hold timeframes.

Guidelines Help Credit Unions Identify Indicators of Human Smuggling and Trafficking

FinCEN shares the red flags, common terms, and activities that may indicate crime-related financial activity.

NCUA Approves Proposed Rule Amending the Supervisory Committee Audit Regulation

The proposal outlines minimum procedures that reflect common industry practices for testing accounts and controls over financial institution financial statements.

Should Credit Unions add a Minimum Housing Expense When Applicants List Zero Housing Expenses?

Experts agree a blanket policy of adding an amount should be avoided, but that credit unions should also ask questions.