NCUA issued a final rule regarding the display of the â€œofficial signâ€ and permanent increase in insurance coverage at $250,000.
Priority bill SB 177 had a hearing in the Senate General Government, Consumer and Small Business Protection Committee Last Wednesday, with several Oregon credit union leaders testifying.
Oregon credit unions will likely be paying more fees than expected in 2011 to the Department of Consumer and Business Services, the primary regulator of credit unions in Oregon, due to a budget shortfall caused by market forces.
More than 220 credit union advocates gathered at the Oregon State Capitol Tuesday for the annual â€œCredit Union Day at the Capitol,â€ an event designed to remind legislative members about importance of the credit union difference.
Credit unions today urged Congress to halt the progress of the Federal Reserve’s interchange proposal and study the impact that interchange changes would have on financial institutions and consumers alike before the interchange rulemaking process can continue.
Northwest Credit Union Association President Troy Stang Stang this week delivered a joint league letter to NCUA Chairman Debbie Matz expressing serious concerns about recent directives concerning the role, duties and protections of volunteer board members and calling for immediate reconsideration.
House Bill 1327—public funds for credit unions—has been referred to the Senate Financial Institutions, Housing & Insurance Committee.
The Fed Proposes Amendments to Regulation CC Regarding Collection of Checks and Availability of Funds
The Federal Reserve Board requested public comment on proposed amendments to Regulation CC to encourage banks to clear and return checks electronically, add provisions that govern electronic items cleared through the check-collection system, and shorten the “exception” hold periods on deposited funds.
Southwest Bridge Corporate Federal Credit Union will host four Town Hall meetings in the Northwest this month to provide member credit unions another opportunity to obtain information about the proposed consolidation of Southwest Bridge Corporate and Georgia Corporate.
Western CUNA Management School (WCMS) is now accepting applications for the 2011 session.
Two reports by the Credit Union Timesâ€™ Jim Rubenstein this week placed Washington in the middle of what may be examples of trends in strategic mergers between credit unions with multi-state operations.
Ninety-six exhibitors and a variety of fun events are waiting for participants in the 2010 Washington Credit Union Leagueâ€™s Convention and Annual Business Meeting Sept. 14-16 in SeaTac.
The Washington Credit Union Foundation has extended the application deadline for its Cycle 2 Scholarship Program. Prospective applicants now have until next Friday, July 16 to submit their application for all training events between August 2 and December 31, 2010.
Gesa Credit Union earns Best of Show with â€œDitch & Switchâ€ campaign. See their amazing television ads and other photos from the Awards luncheon.