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.

NCUA Releases Examination Focus for 2017

Also, this week’s legal briefs, and answering what do when an account has two POD beneficiaries, but one beneficiary is deceased.

Oregon Rep. DeFazio Joins Three Colleagues to Introduce MBL Bill in House

The bill, introduced Wednesday, would grant credit unions and banks parity on certain types of residential loans.

One Hour Could Help Mitigate Your CU’s Exposure to Cybersecurity Risk

An upcoming webinar and Your Association’s Cybersecurity Resource Center convene guidance, resources, and best practices all in one spot.

CUNA-League System Reaffirms Support for Revised FOM Rule Despite ABA Challenge

The suit challenges the NCUA’s authority to interpret and issue rulemakings on field of membership broadly granted by Congress in the late-90s.

NCUA: Exam Guide to Include MBL, Commercial Lending Guidance

Effective January, the guidance was sought by the CUNA-League system. The significant news for credit unions represents the latest component of the agency’s online Examiner Guide.

U.S. District Court Blocks DOL’s Overtime Rule Nationwide

The preliminary injunction blocks the implementation of the Department of Labor’s (DOL) new overtime rules which would have gone into effect on December 1.

Senior Business Loan Specialist

Columbia Credit Union

Risk Oversight Associate

SELCO Community Credit Union

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.

Rep. Kilmer Pledges Support of Credit Union Tax Exemption

Washington Congressman Derek Kilmer pledged support of the credit union tax exemption during a meeting with Northwest credit union advocates Tuesday.

Teller

Advantis Credit Union, Portland, OR

Financial Education Roundtables to Create Resource Model for Credit Unions

Northwest credit union professionals taught financial basics to at least 65,000 people last year. Pooling presentation resources, partnering with other community organizations and sharing models for working with school districts will elevate that already strong performance. A Best Practices Roundtable June 25 will set those goals in motion.

A Quick Look at Q1 2013: Looking Good for Northwest Credit Unions

Northwest credit unions are trending well according to an analysis of data by the NWCUA. Asset growth, ROA and net worth are increasing while charge-offs and delinquency ratios continue to decline.