Autoland President Jeff Martin discusses how this yearâ€™s tragic earthquake in Japan impacted auto inventory, how quickly inventory is returning to normal, and how this affects credit unions.
The NCUA is suing Wells Fargo, alleging they violated state and federal securities laws and misrepresented the sale of securities to the now-defunct U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.
This Oregon Legislative Update outlines recent legislative days in the Oregon Legislature, which included testimony on behalf of credit unions from Hal Scoggins and Pam Leavitt. Also included is Oregon’s November revenue forecast and a political update for the state.
Filene Research Groupâ€™s John Dangoia explains how credit unions increased the size of their consumer loan portfolios during the recent recession, illustrating the need to make the most of every lending opportunity.
The NCUA reached separate settlements this week with Citigroup and Deutsche Bank Securities regarding the sale of residential mortgage-backed securities to five wholesale credit unions. Net proceeds will go toward reducing assessments charged to credit unions to pay for the losses.
Horizon Credit Union announced plans to acquire Montana First Credit Union, a $63 million institution based in Missoula, Mont. The deal has already been approved by both boards and is expected to be finalized early next year.
Bank of America has announced plans to cancel its proposed $5 monthly debit card fee, seemingly caving to public pressure. NWCUA CEO John Annaloro stressed that this fee cancellation does not change the fundamental difference between banks and credit unions.
A grant from the Washington Credit Union Foundation has allowed Express Credit Union to improve outreach to low-income and unbanked consumers through better computer connectivity.
Federal Reserve Board Seeks Comment on Proposed Rules Intended to Simplify the Administration of Reserve Requirements
The Federal Reserve Board has requested comment on proposed rules intended to simplify the administration of reserve requirements and reduce administrative and operational costs for depository institutions and Reserve Banks.
Liz Shelby was recognized with the Oregon Volunteer Advocate of the Year award for her outstanding contributions to the credit union movement as a tireless advocate and board member for Rogue FCU.
The Citizen Commission for Performance Measurement of Tax Preference reviewed the B&O tax exemption for interest earned on first mortgage loans by banks in its Sept. 23 meeting.
The 2011 Northwest Credit Union Association (NWCUA) 2011 Convention and Annual Business Meeting is here! Stay tuned for special editions of Anthem every day this week for all the news and notes from Convention.
A survey of Washington credit union CEOs revealed 12 interested in offering prize-linked savings programs to members by early 2012. An â€œIdea Exchangeâ€ at the NWCUAâ€™s Convention and Annual Business Meeting will provide more information for industry leaders.
WesCorp Will Not Emerge From Conservatorship as United Resources; Regulator Urges Member Credit Unions to Stay Put Until a Merger is Worked Out
The NCUA has announced that three corporate bridge credit unions did not meet recapitalization goals. WesCorp, US Central and SE Corporate will not emerge as new entities. A number of Northwest credit unions have already been stung by WesCorpâ€™s downfall.