Catalyst Chosen to Assume WesCorp Assets

The NCUA has chosen Catalyst Corporate FCU to assume the assets of Western Bridge Corporate FCU. Formed by the merger of Georgia Corporate FCU and Southwest Bridge Corporate FCU, Catalyst achieved well-capitalized status earlier this month.

Agencies Issue Statement to Clarify Supervisory and Enforcement Responsibilities for Federal Consumer Financial Laws

The federal financial supervisory agencies issued a policy statement to explain the measure and schedule to determine an institution’s asset size for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

CFPB Releases Supervision, Examination Guidance

The Consumer Financial Protection Bureau recently released a manual to aid the agency’s examiners as they oversee financial services firms.

Regulatory Advocacy Update

The NWCUA generates and monitors regulatory movement and change at the state and federal levels. The weekly Regulatory Advocacy Update keeps you informed about new developments, how the Association is working for its members and how you can get involved.

Legal Briefs

Your update on the regulatory landscape.

Compliance Update: NCUA says CUSO Can Act as a Landlord

The NCUA stated that a CUSO is permitted to act as a landlord, provided the majority of the property is leased to credit unions and members of affiliated credit unions.

Cutter Retires After 40 Years at Numerica Helm

Dennis Cutter made a mark on the international credit union industry and oversaw Numerica’s ascension as it became one of the five largest credit unions in the Northwest.

NW Credit Unions Continue to Improve in 2011

Northwest credit unions enjoyed strong growth and profitability in the first quarter of 2011 as return on average assets rose in aggregate.

Legal Briefs

Your update on the regulatory landscape.

One-Quarter of NW Banks Still Problematic, say Rating Agencies

Bauer Financial and Highline Financial found that nearly 30 percent of Washington-based banks and 22 percent of Oregon-based banks are considered problematic or troubled.

Proposal Addresses Interest Rate Risk Management

In March the NCUA Board issued a proposed amendment to Part 741 that would require certain federally insured credit unions to have a written policy to address interest rate risk management, as well as an effective IRR program for successful asset liability management.

How Retirement Plan Funds are Protected from an Unpredictable Economy

Learn what’s behind the numbers on your pension or 401(k) statement and take a look at what safeguards are in place to protect your benefits against negative economic conditions.

NCUA Takes Action on Corporate Credit Unions

On Friday, September 24, the NCUA took action on the corporate credit union issue. These actions are extremely complicated and still being interpreted by the credit union industry.

Legal Briefs February 3, 2011

Your update of the regulatory landscape.

Legal Briefs November 16, 2010

Your update of the regulatory landscape.

Legal Briefs February 17, 2011

Your update of the regulatory landscape.