Foundations Respond to Another Storm Through CUAid

These most recent donations take the OCUF and WCUF disaster relief to $10,500 this spring. Credit unions are asked to support efforts as well.

In the Spotlight: Advocacy Awards

Submissions for these awards, which recognize those CUs and CU professionals who helped to advance the credit union charter through political advocacy, are due on June 15.

New CEO Orientation Sessions Scheduled for June

The sessions are for CEOs who are new to their position within the last 2-3 years or those who want a refresher on the benefits of association membership.

Member & Chapter News

Mega-merger creates $1bn CU in WA, plus the Association launches a brand new Chapter website.

CFPB Releases Sample Mortgage Disclosure Forms

Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the revised forms are meant to help both consumers and lenders by simplifying the mortgage process. Comment by May 27.

Legal Briefs

Your update on the regulatory landscape.

Repo Remarketing, NWCUA Host Lunch & Learn Session

The Association and its partner Repo Remarketing will be hosting a “credit union day at the auction” on June 15 to explain how they can help credit unions manage their collateral liquidations.

NCUA Seeks Input on Plan for Voluntary Prepaid Assessments

According to the NCUA’s analysis, the Federal Credit Union Act does not allow the agency to charge a mandatory prepaid assessment to all credit unions. However, the agency has developed a plan to allow credit unions to voluntarily prepay some of their stabilization fund assessments.

Federal Legislative Week in Review

In another sign that the debate is heating up, the National Retail Federation will kickoff of its “60 Day Swipe Fee Reform” campaign, in response to our strong grassroots efforts to delay the rule.

Oregon Legislative Week in Review

The Association’s priority bill should be voted out of committee on its way to the House floor by the end of next week. Plus an update on the twists and turns of the State Bank of Oregon, garnishment, and tax credit transparency legislation.

Washington Legislative Week in Review

If the legislature is successful in completing its negotiations on two difficult issues, the special session could conclude soon. Also, an update on successful efforts to stop exam reports from becoming public.

Golden Parachute Rule Curtails Payouts at Troubled CUs

The rule also limits a federally insured credit union’s ability to provide indemnification.

NCUA Board Holds Busy Meeting

A full overview of the May 19 meeting includes the Board’s actions on indemnification provisions, prepayment of corporate stabilization fund assessments, and a rule clarifying the temporary unlimited deposit insurance mandated by Dodd Frank.