IRS Pays Up After UBIT Smackdown

Members and employees of the Colorado based Bellco Credit Union are all smiles this week after the credit union received three IRS checks totaling over $291,000 as the result of the favorable outcome of their legal challenge to UBIT.

2011 HMDA Requirements Outlined by NCUA

The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.

NWCUA Federal Legislative Week in ReviewCopy

The latest news about NWCUA efforts in Washington D.C.

Central Oregon Chapter of Credit Unions Spring Meeting Planned

The Central Oregon Chapter of Credit Unions will hold its spring meeting on Thursday, April 14, at the Comfort Inn, Bend, Ore.

Member Connections

News and information about the happenings within the Northwest credit union movement

Free CMG Seminar: Changing Environment, Emerging Risk

Find what your credit union can do in this changing environment to protect your board and implement good governance practices by Joining CUNA Mutual Group in Federal Way, Wash., or Lake Oswego, Ore.

NCUA: Directors Can Delegate Authority, with Limits

In a Letter to Federal Credit Unions, the National Credit Union Administration said an FCU’s board can, with some limitations, delegate to its CEO the authority to hire, fire, and compensate subordinate employees, including other management personnel.

Compliance Question of the Week

When do I need to notify members about the change in next-day availability of funds that has increased because of Dodd-Frank?

CUNA Regulatory Advocacy Report

The latest news about the Credit Union National Association’s regulatory advocacy efforts.

Compliance Question of the Week

How long does a stop payment order remain in effect?

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.

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.

Rulemaking on Credit Protection Products Suspended

The Federal Reserve Board announced Tuesday that it was suspending rulemaking on the matter of its proposed disclosures required for credit insurance and debt cancellation products under Reg.