Low-income credit unions that become certified as Community Development Credit Unions find added opportunities to reach underserved members.
In another advocacy win, processes for odometer disclosure in Oregon are simplified and streamlined.
The standardized form is used by borrowers to apply for a mortgage loan. Also, your compliance question answered and legal briefs from the federal landscape.
Anthem talked to SMCU President & CEO Richard Romero on the heels of their recent partnership with the City of Seattle on providing loans to help finance the first step on the path to U.S. citizenship.
Your Strategic Link business partner, CU Direct has a new tool that could help credit unions improve their lending performance.
Some Northwest credit unions may find mortgage lending regulatory flexibility in a new process to receive “rural” designation.
It only took Cutting Edge Federal Credit Union 90 minutes to get its low-income designation and another 10 minutes to apply for an NCUA grant. A month later, the credit union was awarded $2,500 to help it apply for CDFI certification and gain access to more resources that it can use to help members and the community.
Applications are being accepted now for spots on the youth editorial board for the CUNA microsite “Googolplex: The Credit Union Guide for Student Moneymakers.” Students on the board will play a key role in designing financial literacy tools for children and young adults.
CUNA Mutual Group has been ranked No. 19 in this year’s InformationWeek 500—a list of the top technology innovators in the U.S. The company was honored for its Retirement Radar mobile annuity planning application.
The regulatory alert reminds credit unions of the Consumer Financial Protection Bureau’s new rule on real estate appraisals and valuations under the Equal Credit Opportunity Act, and also serves as a reminder of the Jan. 18, 2014, compliance date.
For members under age 44, accidents are the leading cause of death. Fortunately, getting AD&D coverage is much easier than it used to be—especially with simplified online applications. CUNA Mutual provides details in this week’s Strategic Link business partner article.
Credit union comments had a significant impact on changes to the CPFB Mortgage Rules. The NWCUA compliance team reports some of the clarifications issued this week are substantial.
The Washington regulator has issued a bulletin for credit unions interested in accepting public funds deposits. Credit unions that qualify may accept up to $250,000 per public depositor.
Professional Development and Quik-App scholarship applications will now be reviewed and funds awarded on a monthly basis, part of the Northwest Credit Union Foundation’s revamped scholarship program.
Can a credit union send a member a credit card even though it has not been requested by the member?
NWCUA Regulatory Advocacy Update: Oregon Insurance Division Proposes Producer License Applications Rule
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 a proposed rule that would change the licensing process to transact credit insurance.
Strategic Link strategic partner CUNA Mutual Group explains what the continuing trend toward mobile banking means for credit unions offering online loan applications.
On an application we received indirectly from a dealer, I noticed there was not a section for a joint applicant to evidence his or her intent of being a joint applicant. Instead, there was fine wording at the bottom where the co-applicant affirmed the accuracy of the information and evidenced his or her intent to be joint applicant. Is this okay?