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.

Compliance Question of the Week

When does the Dodd-Frank Act provision that changes the amount of next-day available funds to $200 go into effect?

OSU Federal CU Earns Top National Marketing Award

OSU Federal Credit Union has been awarded the highest national honor for its marketing and business development efforts by the Credit Union National Association, receiving the Diamond Award for its membership packets, brochures and booklets.

North Coast CU Gets National Exposure for “Pennies from Heaven” Deposit

If you read, saw or listened to one of more than 100 media outlets last week, you likely also saw or heard about a Washington credit union that is helping a Mt. Vernon man attempt raising $1 million in pennies for the “Mountain of Hope” fund for needy families.

Advertising Rule Could Have Compliance Consequences

The National Credit Union Administration has proposed changes to advertising requirements that could force some credit unions to reduce or eliminate some of their current marketing practices.

Federal Legislative Week in Review

Senator Mark Udall (D-CO) has introduced the Small Business Lending Enhancement Act, which would raise the credit union member business lending cap to 27.5% of assets. This could provide up to $13 billion to small businesses in the first year alone and create over 140,000 new jobs at no cost to taxpayers.

Charshaf Joins NWCUA as Communications Designer

Nicole Charshaf has joined the Northwest Credit Union Association as communications designer, a position that will keep her busy creating electronic and print communications.