Reminder: NCUA Final Rule on Permanent Insurance Coverage of $250,000

NCUA issued a final rule regarding the display of the “official sign” and permanent increase in insurance coverage at $250,000.

NCUA Board Takes Action on Executive Compensation, Corporate Chartering

In its meeting late last week, the NCUA Board issued two new proposed rules, renewed the 18% interest rate ceiling for federal credit unions, and approved a new Interpretive Ruling and Policy Statement.

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.

Obama’s Former Budget Director Pushing National Prize-Linked Savings Program

The former director of the U.S. Office of Management and Budget under President Barack Obama and current vice-chairman of global banking at Citigroup this week enthusiastically endorsed prize-linked savings as a way to increase savings among low-to-middle-income Americans.

Treasury Releases Interim Final Rule Changing Garnishment Procedures

Late last week the Treasury released its interim final rule that will make radical changes to your credit union’s garnishment proceedings. This rule applies unless the garnishor is the Federal government or a State child protection agency.

Compliance Question of the Week

How can a member challenge a garnishment of an account that contains a protected payment that was not found during the look back period required under the rules from the Treasury for Garnishment of Accounts Containing Federal Benefits Payments?

NCUA: Some CU Volunteer Costs Can Be Reimbursed

According to the NCUA, some Volunteer costs associated with service can be reimbursed, however there are limitations, particularly in Washington State.

Opening a business account for medical marijuana operation?

Both Oregon and Washington States have statutes that legalize medical marijuana, and special interest groups and activists have plans to file initiatives and legislation to expand the legality of marijuana. So, what are the rules for providing services?

Oregon Legislative Week in Review

Some Oregon credit unions will be taxed if the state’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.

OnPoint’s Schrader Earns National Honor

OnPoint Community Credit Union’s Kelly Schrader was named Marketing Executive of the Year by Credit Union Times.

Autoland to Host Lunch & Learn

Autoland, in association with the Northwest Credit Union Association, will host a Lunch & Learn for affilliated credit unions on Tuesday, Apri 12.

National Industry News: Ex-NCUA Chairman Johnson takes on Iowa CU oversight

The Iowa Division of Credit Unions will soon be led by former National Credit Union Administration Chairman Joann Johnson. Johnson served the NCUA for a total of six years starting in 2002, and led the agency for her final four years.

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.