picture of volunteers

Oregon State CU Shred Days Accept Record 56,000 Pounds

The four separate events were held in Corvallis, North Albany, and Keizer serving more than 1,400 vehicles and shredding more than 28 tons of sensitive materials.

Rep. Denny Heck to Co-Sponsor Supplemental Capital Bill

U.S. Rep. Denny Heck became the first member of the Washington delegation to add his name to the Capital Access for Small Businesses and Jobs Act this week, saying “supplemental capital lets us avoid the perverse situation of successful credit unions having to turn away deposits.”

Oregon Credit Unions Submit Groundbreaking Paperwork to Accept and Safely Hold Public Funds

Five Oregon credit unions have submitted the required notice and paperwork with the Oregon State Treasury to allow them to accept and safely hold large public fund deposits. New collateral protection will allow credit unions to accept public deposits above the current $250,000 beginning April 1, 2013.

NWCUA Regulatory Advocacy Update: Mixed Reaction from Industry to NCUA’s Low-Income Designation Letters

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on industry-wide reaction to the NCUA’s letter regarding LICU eligibility.

Blumenauer Co-Sponsors Credit Union Supplemental Capital Bill

Rep. Earl Blumenauer has signed on as a co-sponsor of H.R. 3993, a bill introduced last month that would allow credit unions to accept supplemental capital.

FinCEN Releases Test Site for the New CTR and SAR

FinCEN has updated its BSA E-Filing System’s User Test System website to allow for testing submissions of batch and computer-to-computer filings of FinCEN’s new CTR and SAR. The site also offers a preview of the PDF versions of the new reports.

Focus on Secondary Capital Issue Expected to Increase in 2012

The Federal Reserve proposed increased capital standards for the largest financial firms this week. The announcement triggers support from credit unions for Secondary Capital.

Focus on Secondary Capital Issue Expected to Increase in 2012

The Federal Reserve proposed increased capital standards for the largest financial firms this week. The announcement triggers support from credit unions for Secondary Capital.