Fed Increases Jumbo Mortgage Escrow Threshold

While the Fed increased the APR threshold, CUNA notes that credit unions have the option to continue to follow the lower threshold that applied prior to the change.

Compliance Question of the Week

Am I required to ‘display’ the individual NMLS identifier number of our MLOs?

Don’t Let Your Members be Misled on Interchange

Member Access Pacific encourages credit unions to reach out to their members and lawmakers concerning interchange regulations.

Northwest Credit Unions Step Up Interchange Battle, Urging Members to Join Fight

Pushing for a delay in implementing the Durbin Amendment, the Association and its members are reaching out to Congress through grassroots, editorials, social media, and advertising.

WA Bill Would Limit Bank B&O Tax Exemption

Legislation is moving in Olympia to close down an important bank tax exemption, while a citizen initiative that would end all Washington State tax exemption is looking for signatures.

Credit Union Implements Board Term Limits to Increase Member Engagement

Through a methodical and deliberate process, management and the board came up with a process that addressed concerns and prepared the credit union for the future.

Member & Chapter News

CFCU CEO Stan Baron retires, and two member credit unions win national awards. Plus Chapter announcements.

NCUA Provides Guidance on How to Write a Comment Letter

Good comment letters should state your position clearly, have strong research, explore the consequences of a rule, and suggest alternatives. Member credit unions can also turn to the Association staff for help.

Legal Briefs

Your update of the regulatory landscape.

CUNA Mutual Answers Volunteer Indemnification FAQs

With volunteers’ fiduciary duties changing, CUNA Mutual suggests questions to ask your liability policy provider about your D&O coverage.

Oregon, Washington Foundations Signal Intent to Merge

After careful consideration, the Oregon Credit Union Foundation and the Washington Credit Union Foundation Boards of Directors have signed a letter of intent to merge.

Federal Legislative Week in Review

Credit unions have generated more than 85,000 grassroots contacts on interchange over the past three weeks, and CUNA has called a national teleconference for Wednesday, April 13.

Oregon Legislative Week in Review

The Association’s credit union modernization bill received its work session yesterday, where it received a unanimous due pass recommendation, following three amendments.