NWCUA Chairman Congratulates Barrick on Being Named to San Francisco Fed’s Community Depository Advisory Group

NWCUA Chairman Bill Anderson yesterday congratulated Ron Barrick, president and CEO of Advantis Credit Union in Milwaukie, Ore., on his appointment to the Federal Reserve Bank of San Francisco’s newly-formed 12th District Community Depository Institutions Advisory Council.

Free Webinar: Is it Over Yet, Or Is This the Calm Before Another Economic Storm?

While the path to recovery is now smoother and wider, significant risks remain. In this Discovery session, CMG Chief Economist Dave Colby will share his economic and credit union forecasts, their operational implications and discuss key risk factors for both the recovery and credit unions’ long-term role in consumer finance.

Washington Legislative Week in Review

House Bill 1327 is expected receive a hearing before the Senate Financial Institutions, Housing & Insurance Committee after some intense lobbying.The bill allows public entities to deposit public funds into federally chartered credit unions and increases the amount that may be deposited to the maximum level of NCUSIF insurance.

Business Journals Recognize Purnell-Hepburn, Jones

Two of American City Business Journals have recognized credit unions leaders in the Northwest for their exceptional work. Oregon Community Credit Union CEO Mandy Jones won the Portland Business Journal’s Orchid Award and Seattle Metropolitan Credit Union’s Senior VP and CFO, Michelle Purnell-Hepburn, has been named one of the 2011 CFOs of the Year.

NWCUA Legislative Effort Gets National Spotlight

A story picked up around the nation this week focuses on the Northwest Credit Union Association’s Washington state effort to pass legislation encouraging non-savers to sock away a short term nest egg.

Impact of Fed Plan to Purchase Treasury Bonds on Defined Benefit Plans

The plan to buy more Treasury bonds announced by the Federal Reserve on November 3 could increase pressure on credit union’s defined benefits plan in the form of lower funding ratios, larger pension expense.

Oregon Legislative Week in Review

We are just one week away from Oregon’s Credit Union Day at the Capitol, and expect over 200 Credit Union Advocates to converge on the Capitol in Salem on March 29th bringing the credit union message to state legislators.

Robust Technology is the Key to Maintaining a Compliant Overdraft Program

As regulators put the finishing touches on rules affecting overdraft programs, credit unions are looking for assurances that their existing program will pass examiner scrutiny, while continuing to provide a much-needed boost to their bottom line and a valuable service to their members.

Last Chance to Register for CUNA GAC

The registration deadline for CUNA’s Governmental Affairs Conference, Feb. 28-March 2, is today.
If you have not registered for the CUNA GAC yet, please do that right now!

Credit Card Act Turns 1 Year Old Today

Since Phase I of the credit card act went into effect one year ago today, credit unions have had to modify their statements, work on fee structures, deal with change in terms notices, review interest rate increases, and adapt to a slew of other changes imposed by the regulation.

Compliance Question of the Week

How do we handle new hire Mortgage Loan Originators who started with our credit union during the initial registration period?

Barrick Calls First Fed Meeting Productive

Advantis Credit Union President & CEO Ron Barrick recently attended his first meeting as the only credit union representative on a special advisory panel of the Federal Reserve. The meeting was held at the Federal Reserve offices in San Francisco and had a clear focus on the regional economy and job creation.

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.