The rule also limits a federally insured credit unionâ€™s ability to provide indemnification.
A full overview of the May 19 meeting includes the Boardâ€™s actions on indemnification provisions, prepayment of corporate stabilization fund assessments, and a rule clarifying the temporary unlimited deposit insurance mandated by Dodd Frank.
How is it that the NCUA is enforcing the SAFE Act on state-chartered credit unions?
Invest in America and GM will be able to support the first 1,000 Point of Sales kits requested by credit unions. Don’t wait—submit your request now!
The first article in our series on the regionâ€™s economic health focuses on Seattle, Tacoma, and Everett.
Many of these funds went to support educational opportunities such as the Western CUNA Management School and disaster relief following storms in the Southern U.S.
Nominations are due by June 15 for the Volunteer Award program, which honors and rewards those NW CU volunteers who have exemplified outstanding leadership and service.
CPA Linda Keith, a speaker at the Volunteers Conference, outlines directors’ responsibilities under Regulation 704.4(b) and some tips to ensure volunteers can meet these standards.
Columbia CU won two SBA awards and a Seattle CU professional was a finalist for the COOP THINK prize, plus the usual trove of chapter announcements.
CUs must review accounts for Federal Benefit Funds only upon receipt of a garnishment order, but there is some confusion in the rule’s definitions.
Under the program, credit unions order materials at a discount through the OfficeMax website, which are then delivered within one business day.