Oregon Legislative Week in Review

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.

Continued Attacks on Revenue Sources Pose Challenges for Credit Unions in 2011

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.

Credit Unions Urge Congress to Stop, Study, Start Over on Interchange

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.

Credit Union Advocates Blanket Oregon State Capitol

More than 220 credit union advocates gathered at the Oregon State Capitol Tuesday for the annual “Credit Union Day at the Capitol,” an event designed to remind legislative members about importance of the credit union difference.

NWCUA President Delivers Joint League Letter to NCUA Chairman

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.

Washington Legislative Week in Review

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.

Town Halls Provide Details on Corporate Consolidation

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.

White Paper Outlines Critical Expectations for Next-Generation Branch Managers

‘The Credit Union Branch Manager: A New Leader for a New Era,’ is a CUNA whitepaper that offers insight on the key forces that are changing the role of the branch manager and how credit unions should respond.

U.S. Government Places Wall Street on Hook for $50 Billion in Corporate CU Losses

Clearly placing the nation’s financial crisis in the laps of Wall Street bankers, The National Credit Union Administration (NCUA) is threatening to sue several investment banks for their role in packaging bonds backed by poor quality mortgage securities.

Authors, Palm Readers, and Bloggers, Oh My! Full Trade Show Means More Fun for Convention-Goers

Ninety-six exhibitors and a variety of fun events are waiting for participants in the 2010 Washington Credit Union League’s Convention and Annual Business Meeting Sept. 14-16 in SeaTac.

WCUF Cycle 2 Scholarship Deadline Extended

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.

WCUL Awards 17 Spectrums for Excellence in Marketing & Communications

Gesa Credit Union earns Best of Show with “Ditch & Switch” campaign. See their amazing television ads and other photos from the Awards luncheon.

Foundation Summit Awards Wrap Up Convention 2010

The Washington Credit Union League wrapped up its 2010 Convention and Annual Business Meeting last week with what some are calling the best Summit Awards celebration in recent memory.