Washington Legislative Week in Review

House Bill 1327—public funds for credit unions—has been referred to the Senate Financial Institutions, Housing & Insurance Committee.

U.S. Government Places Wall Street on Hook for $50 Billion in Corporate CU Losses

Clearly placing the nation’s financial crisis in the laps of Wall Street bankers, The National Credit Union Administration (NCUA) is threatening to sue several investment banks for their role in packaging bonds backed by poor quality mortgage securities.

Reminder: Autoland to Host Lunch & Learns Next Week

Autoland, in association with the Northwest Credit Union Association, will host a Lunch & Learn for affilliated credit unions next week.

National News: CUNA Backs SEC’s Swap Clearing Exemption

The Securities and Exchange Commission’s (SEC) proposal to exempt credit unions with under $10 billion in assets from mandatory securities-based swaps clearing requirements has the backing of the Credit Union National Association (CUNA), but CUNA would like it to go even further.

War and Regulation: David Curtis Covers his Bases with a Sword and Pencil

Nursing a few bruises isn’t unusual for Northwest Credit Union Association Regulatory Analyst David Curtis. But despite his day-to-day quest to answer compliance questions from Northwest credit unions, this is not where his battle scars originate.

NWCUA Expands Compliance Services

Keeping the promise of expanding and enriching Association resources, the Northwest Credit Union Association now has three full-time professionals dedicated to serving the regulatory affairs needs of our members.

Federal Legislative Week in Review

Thank you to everyone who sent emails in response to the two Action Alerts we sent out in the last two weeks.  We had a good response but have more work to do, and must strike while the iron is hot.

Wagner Helps Guide NWCUA Legislative Efforts

The Federal Reserve System will conduct a webcast on risk-based pricing notices on February 16. This webinar is part of an ongoing series focused specifically on consumer compliance issues.

FSCC and CU Wireless Make Text Banking Affordable for All

FSCC along with CU Wireless, a CUSO of MaPS Credit Union, Salem, Ore, announced the release of MyCUAnywhere, offering mobile text banking capability to members of all CU Service Centers affiliated credit unions.

E-Learning Modules Make it Easy to get up to Speed on MemberCONNECT

With CUNA Mutual Group’s MemberCONNECT Direct Insurance elearning modules, your staff can get the program information they need in a way that best suits their learning needs—and their timetables.

Autoland to Make Donations for Japanese Earthquake Relief

Autoland, Inc., announced a program to assist those impacted by the earthquake and tsunami that struck Japan earlier this month by donating a portion of the proceeds of each vehicle purchased through Autoland by April 30 to the American Red Cross to aid relief efforts.

Invest in America Adds MEMBERS ® Insurance to Lineup

Beginning this month, CUNA Mutual Group’s MEMBERS® Auto & Homeowners Insurance program will be available to credit union members through Invest in America. Members will now be able to research and purchase auto and homeowners insurance products from their primary carrier, Liberty Mutual. Learn more about the program.

Oregon Legislative Week in Review

The bill that makes several updates to the Oregon Credit Union Act (SB 177) has a hearing Wednesday in the Senate General Government, Consumer & Small Business Protection Committee.