Filene 2025: Optimism for Credit Unions in Whole New FI World

A new report from Filene lays out the disruptive changes credit unions can expect in the next decade, and the case for optimism about the credit union movement.

Credit Unions Reach Underserved Communities

CO-OP Financial Services highlights two Northwest credit unions who pursue their social missions by reaching out to underserved communities.

Leading Website Praises Credit Union Small Business Lending

Personal finance website NerdWallet offered three key benefits of seeking small business loans at credit unions, quoting NWCUA President and CEO Troy Stang.

Spots Still Open for Fall DE Training; NWCUF Accepting Scholarship Applications

Spots are still open for this fall’s Development Education training program. DE training ignites passion for credit unions and transforms careers. The NWCUF is accepting scholarship applications through June 11.

Generation Y: Why ‘Millenials’ are Worth a Second Look

Financial institutions might be inclined to dismiss Generation Y, because Millennials are struggling financially. But Gen Y is still very optimistic about its financial future, and you should be optimistic, too.

A National Consumer Watchdog Shares Perspective on the Cordray Confirmation

This week’s Senate confirmation of Richard Cordray to head the CFPB should guarantee credit unions and banks a level playing field with previously unregulated financial services providers. That is the perspective of a national consumer advocate interviewed by Anthem this week.

Compliance Question of the Week

Today’s Compliance Question of the Week asks whether credit unions can break share certificates to address an IRS levy.

Solarity Credit Union Positioned Among Yakima’s Mortgage Lending Leaders

Less than a month after receiving the Business Excellence Award from the Greater Yakima Chamber of Commerce, Solarity Credit Union announced this week that it issued 652 mortgage loans in 2012, positioning the credit union as one of the Yakima, Wash., area’s top mortgage lenders.

Northwest Credit Union Business Lending Up 11 Percent

According to data released by the NCUA, Northwest credit unions have more than $2.3 billion in outstanding MBLs through June 31, 2012, marking a quarter-over-quarter increase of 2 percent in Oregon and 2.8 percent in Washington.

Re-sequencing Debit Transactions Earn Banks Negative Attention, Profits, Record Penalties

As banks settle multimillion-dollar lawsuits for illegal overdraft policies, credit unions are now being brought into the fray and may soon face the same type of attention and penalties as their for-profit cousins.

FFIEC Warns Credit Unions About Cloud Computing

The FFIEC believes credit unions should do a thorough risk assessment before deciding to use cloud computing for data storage and other computing purposes, noting that cloud computing is essentially another form of outsourcing.

Credit Unions Must E-file BSA Forms by July 1

FinCEN will require almost all BSA reports, including CTRs, SARs and designations of exempt persons, to be e-filed as of July 1.

Serial Suit Filer Strikes Pennsylvania Credit Union with ADA Violation

Taking advantage of new laws trying to keep up with rapidly changing technology, one person in Pennsylvania is repeatedly filing claims against financial institutions over Title III violations. On May 9 he struck $128 million Century Heritage FCU.

Catalyst Corporate CU Membership Soars

Catalyst Corporate Credit Union, set to acquire certain Western Bridge assets on July 1, has reached more than 1,190 capitalizing member credit unions.

Gene Metz, Beloved Former Credit Union Regulator, Dead at 76

Gene Metz, a former credit union supervisory examiner whose word, according to his contemporaries, was worth its weight in gold, died Wednesday, March 7, at the age of 76.

Business Lending Opportunities to Keep Your Credit Union Sound

Business Lending presents a huge growth opportunity for credit unions and for job creation in the communities they serve. Two training opportunities in 2012 could keep credit unions from taking the risks that put them on the regulators’ radar screens.

Compliance Question of the Week

Do we have to send an adverse action notice when we terminate a credit card account due to delinquency?

Yakima Valley and Catholic Credit Unions Unveil New Name, Brand

Recently-merged Yakima Valley and Catholic Credit Unions announced that they will begin operating under the name Solarity Credit Union after the merger is complete on Oct. 1. Included is video footage of the brand launch.