News and Notes from Member Credit Unions

Gesa CU opens its eighth student branch, Mid Oregon CU pays it forward, Global CU promotes Military Saves Week, Sound CU announces a new Chief Business Services Officer.

Rogue’s $2.5 Million Loyalty Dividend Demonstrates Credit Union Difference

Medford, Oregon-based Rogue Credit Union deposited $2.5 million into the accounts of 81,000 members as part of the first “Rogue Rewards Loyalty Dividend.”

Van Vleet Shows Credit Union Impact, Stability in Op-Ed

St. Helens Community Credit Union President and CEO Brooke Van Vleet published an Op-Ed showing credit unions’ impact and stabilizing force on Oregon communities.

Washington, Oregon Credit Unions Show Loan, Membership, ROAA Growth

Northwest credit unions grew loans, membership, assets and return on assets according to new Q1 data released by the NCUA this morning. Idaho led the nation in many categories.

It Was a Happy Mother’s Day for Restaurants, Bookstores and Craft Shops

Credit union members spent more money taking Mom out to eat and giving her books and crafts this year than in 2013, according to an analysis of debit card transactions by CO-OP Financial Services and Saylent.

Members Turn to Credit Unions for Financial Education and Advice

With financial literacy so engrained in the movement’s DNA, it’s probably no surprise that more and more members are turning to their credit unions for help and advice.

NW Credit Unions Respond to Government Shutdown With Emergency Assistance, Money-Management Tools

Northwest credit unions are responding to a call today from the National Credit Union Administration to help members who may be affected by a federal government shutdown that went into effect at midnight Monday.

In Oregon, Cheap to Finance and Drive

Oregon credit unions offer among the least expensive auto loans in the country. And as a bonus, it’s the least expensive state in which to own and drive a vehicle according to two bank monitoring sites releasing studies this week. Take a ride on the savings highway.

Why Debit Cards Are Still a Growth Product

Financial institutions with assets over $10 billion shifted their focus from debit cards during the interchange fee battle. Still, Strategic Link partner Card Services for Credit Unions (CSCU) thinks the product may present opportunities for credit unions.

Hot Auto Market Fuels Credit Union Lending in Northwest

A red-hot auto market bodes well for credit unions. In Washington, vehicle registrations hit a post recession high of 278,000 vehicles in June and July. Auto lending makes up 32% of Northwest credit unions’ loan portfolios.

Programmer 2

Solarity Credit Union – Yakima, WA

Senior Teller

Advantis Credit Union – Portland, OR

What Are Red Flags for Money Laundering in Currency Exchanges and Other Currency Transactions?

Certain transactions may be red flags for money laundering. Our Compliance Question of the Week shares some examples.

Increase in Energy Production Will Likely Impact Consumers and Financial Services

Energy production from shale may present opportunities for credit unions through job openings that improve deposits and loan demand, according to an energy expert scheduled to speak this fall at Catalyst’s Economic forum. Catalyst Corporate Credit Union shares details in our Strategic Link Business Partner article this week.

Part-time Teller

Advantis Credit Union – Portland, OR

Member Communications Evangelist – Job #3350

Northwest Credit Union Association

Legal Briefs

Your weekly update on the regulatory landscape includes an announcement on a new loan participation rule, an invitation to an NCUA Town Hall webinar and a fraud alert for consumers.

Full-Time Teller

USAgencies Credit Union