Northwest Credit Unions to Get an Early Look at New ComplySight Compliance Solution

ComplySight, a new compliance solution from CU Solutions Group and League InfoSight, makes it possible to track, measure and report compliance activities in a single application. The product will be available nationwide in June, but Northwest credit unions can get an early look in just a few weeks.

Reminder: Compliance Date for NCUA Emergency Liquidity Rule is March 31

Credit unions have until March 31 to complete their compliance preparations for the National Credit Union Administration’s new Emergency Liquidity Rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can we require a loan to have automatic payments as a condition of granting the loan?”

Cowlitz Credit Union Announces Plans to Merge Into Red Canoe Credit Union

Saying it has become increasingly difficult to keep up with new regulations and fast-paced technological changes, Cowlitz Credit Union announced Thursday that it will merge its operations into Red Canoe Credit Union later this year.

News & Notes: Here’s What’s Happening Around the Northwest

BECU plans to brand 138 ATMs at Rite Aid stores throughout Washington; Peninsula Credit Union donates $13,482.50 to Credit Unions for Kids; two more credit unions are taking the Polar Plunge for Special Olympics.

Oregonians Credit Union Staffers Will Take the (Polar) Plunge for Special Olympics

Oregonians Credit Union expects to report an increase in its Frozen Assets next month, but there’s no reason to alert the examiners and regulators. Chilly as the news may sound, these assets will be freezing for a good cause.

Northwest Credit Unions Post Stronger Loan Growth than Banks in Q3

Northwest credit unions recorded greater asset growth, greater loan growth and a slightly higher ROAA than the region’s banks in the third quarter of 2013, an analysis by the Northwest Credit Union Association shows.

NCUA Says Share Insurance Fund Performing Well, Issues Two Final Rules

The National Credit Union Administration delivered good news, drew hard lines and offered a bit of compromise at its October board meeting in Washington, D.C.

Legal Briefs

Your weekly update on the regulatory landscape.

Division of Credit Unions Releases Compliance Examination Program

A new bulletin from the Washington State Department of Financial Institutions’ Division of Credit Unions explains an enhanced compliance examination program that will affect Washington State-chartered credit unions with assets of more than $500 million.

Northwest Credit Unions Step Up to Loan to Main Street Businesses

Northwest credit unions grew their member business lending category 7.5% in Q1. Still, more than 500 credit unions nationally are at or nearing the 12.25% Congressionally-imposed lending cap. Meanwhile, the nation’s largest banks, facing fewer regulatory limits, hold onto the lion’s share of the market.

SELCO, Greater Oregon Announce Merger Plans

Eugene-based SELCO Community Credit Union has confirmed plans for a merger with Greater Oregon Federal Credit Union of Burns. The merger would increase member access to 18 branches.

A Quick Look at Q1 2013: Looking Good for Northwest Credit Unions

Northwest credit unions are trending well according to an analysis of data by the NWCUA. Asset growth, ROA and net worth are increasing while charge-offs and delinquency ratios continue to decline.

NWCUF Board of Trustees Election Process Underway

Passionate about the People Helping People philosophy? Four seats are open on the Northwest Credit Union Foundation Board of Trustees. The board helps to manage the Foundation’s budget, direction and policy. Three seats are scheduled for election, and a fourth seat is available for appointment by the board.

Sen. Udall Reintroduces MBL Legislation

Federal legislation that would increase credit unions’ member business lending cap has been reintroduced in the Senate.

Legal Briefs

Your weekly update on the regulatory landscape.

Cybersecurity graphic

NCA Security & Technology Insights: How Your Information Security Management System is the Foundation for Your Business Assurance

Network Computing Architects, Inc., the newest Strategic Link business partner, outlines the six distinct phases to consider when implementing and maintaining a new Information Security Management System.

Keesee States Case for Supplemental Capital at CUNA GAC

NWCUA Board Chair Debie Keesee took part in a panel discussion about supplemental capital and its relationship to credit unions’ future growth potential during last week’s CUNA GAC, joining CUNA’s Mike Schenk, a Utah credit union regulator and a fellow credit union CEO in dispelling myths and sharing information.

Sound’s Brandsma Honored as Business Leader of the Year

Richard Brandsma, president and CEO of Sound Credit Union, has been named the Business Leader of the Year by the University of Washington Tacoma Milgard School of Business.