USAgencies Credit Union
Maps Credit Union
Nominations are due June 28 for the Herb Wegner Memorial Awards—the credit union movement’s highest national honors. Categories include Individual Achievement, Outstanding Organization/Program and Lifetime Achievement.
Northwest credit unions are increasingly becoming a force to be reckoned with on the regulatory scene, as evidenced by recent input to the CFPB. Regulatory advocacy by and on behalf of credit unions is growing the region’s influence nationally.
Solarity Credit Union
Advantis Credit Union – Milwaukie, Ore.
Passionate about the People Helping People philosophy? Four seats are open on the Northwest Credit Union Foundation Board of Trustees. The board helps to manage the Foundation’s budget, direction and policy. Three seats are scheduled for election, and a fourth seat is available for appointment by the board.
Northwest credit unions outpaced the region’s for-profit banks in total year-over-year asset, loan, deposit and capital growth in 2012 while also showing favorable trends in terms of delinquency rates.
As consumers across the nation prepare for government sequestration and federal employee furloughs, Global Credit Union is offering short-term interest-free loans, no-fee loan extensions and penalty-free certificate withdrawals to give affected members the financial flexibility to live on a temporarily tightened budget.
According to Catalyst Corporate Federal Credit Union’s quarterly CU CEO Confidence Index, credit union CEOs are becoming increasingly confident that the economy is on the mend.
As credit unions continue to advocate for increased MBL capacity, the CAP program, a government-funded initiative available to financial institutions on a state-by-state basis, can help credit unions connect with small businesses in need of loans while offsetting some of the accompanying risk.
The Federal Reserve’s Federal Open Market Committee voted this week to continue purchasing bonds and Treasuries and to hold the federal target fund interest rate steady at near-zero levels until unemployment falls below 6.5 percent.
NWCUA Regulatory Advocacy Update: Northwest Credit Unions Fare Well in Federal Regulator’s Q2 State-by-State Review
The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on the NCUA Economic Review for 2012’s second quarter.
FEDERAL WAY, Wash; BEAVERTON, Ore.–The Northwest Credit Union Association (NWCUA) announces the upcoming retirement of John Annaloro as its Chief Executive Officer. The Association’s change of leadership will occur Oct. 2, 2012, in conjunction with the NWCUA’s Convention and Annual Business Meeting in Vancouver, Wash. A reception honoring Annaloro’s accomplishments will be held during the proceedings on the evening of Thursday, Oct. 4.
In an effort to keep Greece from becoming the first major crack in what could become a Eurozone breakup, all attention has shifted to secure Spain’s economy as the looming Greek vote on June 17 casts a shadow on the 12-year-old monetary union.
More than a direct effect on the operations of financial institutions or the U.S. economy, the Eurozone situation is beginning to create concern among consumers for the safety of their money and the stability of the economy.
Scott Burgess, president and CEO of Rivermark Community Credit Union, was appointed by Gov. John Kitzhaber to serve on the newly formed Oregon Growth Board, which will oversee a more efficient, effective jobs and business growth program.
Allowing credit unions to expand their commercial loan growth not only could help the economy, but also would improve the resiliency of their loan portfolios in times of economic stress, according to a recent Filene Research Institute study.