Staff at Peninsula Credit Union, terribly saddened by the tragic earthquake and tsunami in Japan, are undertaking several efforts to help, including helping to sell traditional Japanese art by local artist and Peninsula Credit Union member Yoshiko Yamamoto.
The Consumer Financial Protection Bureau will work to reduce some regulatory burdens faced by credit unions and other financial institutions.
CUNA President & CEO Bill Cheney told a House subcommittee on Wednesday that credit unions face a crushing “crisis of creeping complexity” under a steady accumulation of regulatory requirements.
In an open letter posted on its website, RSA, the security division of EMC, said it experienced an “extremely sophisticated” attack in which information related to the company’s SecurID two-factor authentication products were stolen.
Oregonâ€™s Northwest Chapter of Credit Unions is holding its first meeting of 2011 focusing on how current economic trends will affect credit union operations, and you are invited.
Show youth that saving rocks at your credit union during National Credit Union Youth Weekâ„¢,
April 11-24, 2011. The National Youth Saving Challengeâ„¢ is a great opportunity to get youth to open new accounts
and deposit their money at your credit union.
NWCUA President Troy Stang met with NCUA Chairman Debbie Matz and hand delivered a letter signed by multiple credit union trade groups.
Today more than 200 Credit Union Advocates from across the state will be descending on the Oregon State Capitol to bring the message of the credit union difference to Oregon legislators.
It can be difficult understanding which types of loss your credit union’s fidelity bond does and does not cover. A legal and risk-management concept that can help clarify this is “pure risk” versus “uninsurable risk.”
House Bill 1327 passed the House on Saturday, February 26 by a vote of 85-12 with 1 excused. It is now expected that the bill will be referred to the Senate Financial Institutions, Housing & Insurance Committee where Association staff will work to get it scheduled for a hearing.
Credit unions are calling on Congress to stop, study and start over on planned interchange fee regulations, and legislation that would do just that could be introduced later this week.
It is less and less clear whether the Fed will issue the final rule on the rate setting debit interchange provisions by April 21, even though the law requires that (absent a delay) the provisions are set to take effect July 21.
Oregon credit unions will likely be paying more fees than expected in 2011 to the Department of Consumer and Business Services, the primary regulator of credit unions in Oregon, due to a budget shortfall caused by market forces.