Itâ€™s a central banker’s worst nightmare: The economy is stagnating with a weak labor market, yet inflationary pressures are building. How should CUs prepare?
The first article in our series on the regionâ€™s economic health focuses on Seattle, Tacoma, and Everett.
At the end of 2010, the department issued the final rule on SB 438, which was passed in 2009, clarifying regulations around field of membership.
Bauer Financial and Highline Financial found that nearly 30 percent of Washington-based banks and 22 percent of Oregon-based banks are considered problematic or troubled.
One of the most intriguing similarities among credit union management teams is their lack of awareness with regards to the wide disparity between top performing investment portfolios and bottom performing investment portfolios.
As the Federal Reserve moves closer to implementation of the new interchange law, financial institutions across the country are concerned about how they will be affected by the possible loss of interchange fee income.
Falling home prices, rising medical costs, and a stagnant job market are causing many families in the Pacific Northwest to struggle to keep up with their debt obligations. In this environment, bankruptcy will look like an unwanted, but increasingly attractive option.
The plan to buy more Treasury bonds announced by the Federal Reserve on November 3 could increase pressure on credit unionâ€™s defined benefits plan in the form of lower funding ratios, larger pension expense.
Some Oregon credit unions will be taxed if the stateâ€™s banker association gets its way in Salem this year. The Oregon Bankers Association late last week introduced House Bill 3263 to tax state-chartered credit unions and interstate credit unions.
While the path to recovery is now smoother and wider, significant risks remain. In this Discovery session, CMG Chief Economist Dave Colby will share his economic and credit union forecasts, their operational implications and discuss key risk factors for both the recovery and credit unions’ long-term role in consumer finance.
Business Solutions: Information from the League’s Business Partners
Bankrate’s 2010 Credit Union Study, the first of its kind for this financial services research company, indicates that despite speculation that free checking may disappear from many national banks, the consumer-friendly practice is very much alive and well at credit unions.