Portland Area Credit Unions Unite to Celebrate International Credit Union Day

Portland area credit unions will join the NWCUA at Pioneer Square Thursday afternoon to spread the good news about the credit union movement. Information will be shared about asmarterchoice.org and credit union membership.

Federal Reserve Board Seeks Comment on Proposed Rules Intended to Simplify the Administration of Reserve Requirements

The Federal Reserve Board has requested comment on proposed rules intended to simplify the administration of reserve requirements and reduce administrative and operational costs for depository institutions and Reserve Banks.

Compliance Question of the Week

Can a credit union provide life insurance for its board members?

Using IDC Rankings in CD Purchase Decisions

Gary Tantleff, managing director of investments for The Credit Union Advisory Group at UBS, writes about how understanding IDC rankings can be useful in an investment decision.

MBL Legislation Gains Momentum at Hearing Despite Bank Opposition

Wednesday’s hearing marked another step forward for legislation that would increase the MBL cap. Credit union testimony stressed potential economic benefits, while representatives of the banking industry called the credit union tax exemption into question.

Legal Briefs

Your update on the regulatory landscape.

Bank Transfer Day Picks Up Steam as Northwest Credit Unions See Increased Web, Lobby Traffic

Bank of America’s decision to hike debit card fees, a fast-growing Facebook page promoting Bank Transfer Day, and the continued Occupy movement seem to be spurring membership growth among Northwest credit unions.

Edgy Video Released to Promote International Year of Cooperatives

Representatives of food, financial and utility cooperatives are using a memorable video to launch the International Year of Cooperatives.

So You Want to Start a Credit Union?

Despite a flailing financial sector and a business model that rewards economies of scale, a group of Whidby Island residents are pushing forward a plan to open a federally chartered credit union.

NWCUA Regulatory Advocacy Update

The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are details on Interchange Fraud Adjustment, troubled debt restructuring, and the 2012 NCUA budget.

Changes on the Horizon in the Oregon House

This Oregon legislative update explains how the Oregon House of Representatives will look different after 2012, as several House members have announced their resignation or are running for a different office.

Second Quarter Mortgage Loan Fraud Suspicious Activity Persists

According to a recent report by FinCEN, mortgage loan fraud suspicious activity reports for Second Quarter 2011 nearly doubled from the number reported in the same quarter of 2010.

JMFA Webcast Offers Concrete Strategy to Attract Members, Grow Non-Interest Income

JMFA is offering a free webcast to help credit unions leverage the current financial climate to attract new members and grow non-interest income.