Financial Impact of Regulation on Oregon, Washington Credit Unions: $306 Million

The financial impact of regulation for Northwest credit unions was $306 million in 2014 alone, according to just released analysis from the Credit Union National Association.

Is Your Brand on Instagram? Millennials Are

A new report from marketing firm Brogan & Partners says that Instagram is an ideal platform to reach Millennials, enhance your visual marketing, and increase engagement.

How to Pick the Best Credit Union for You

National website and newsletter Money Talks News highlights credit unions, and gives some tips for finding the credit union that’s right for you.

Northwest Credit Unions Record Impressive Growth in Assets, Membership and Deposits

Northwest credit unions continue to trend well, according to an analysis of Q4 financial data by the NWCUA. Asset growth, ROA and net worth are all increasing, while charge-offs and delinquency ratios continue to decline.

Northwest Credit Unions Show Strong Growth in Q3

Northwest credit unions are on the right course, an analysis of national data by the NWCUA shows, with asset growth, ROAA and net worth all increasing during the third quarter of 2013. At the same time, charge-offs and delinquency ratios continue to decline.

Natural Partners: Credit Unions and Life Insurance

Is your credit union membership at financial risk due to a lack of life insurance coverage? A 2013 study reported 30% of Americans have no coverage and 44% have no individual life insurance. Our Strategic Link business partner CUNA Mutual Group shares some suggestions.

Credit Union Checking is Still the Consumer’s Best Bet

Media reports this week spotlighted the increasing fees consumers are paying for NSF checks, however, a study shows credit unions impose such fees much less frequently than banks.

Save to Win is a Win for Washington Consumers

Three months and six credit unions later, Save to Win is off and running in Washington. Cash prizes have already landed in the hands of monthly winners and about 600 accounts have been opened.

As Not-for-Profit Cooperatives, Credit Unions Leverage Corporate Tax Exemption for Member Benefit

Now is the time for credit union leadership to educate boards, staff, members and legislators about the structure, value and impact the credit union charter delivers to the members and communities served. The credit mnion message is supported by strong data.

Small Business Health Care Tax Credit filing deadline is May 15

Small credit unions should take advantage of the Small Business Health Care Tax Credit by May 15th. It can provide an unexpected windfall worth thousands of dollars.

The Credit Union Connection to Long-Term Care Insurance

According to CUNA Mutual Group’s Jane Chesbro, by associating your trusted credit union brand with a reliable long-term care insurance provider, you help members navigate confusing protection options while creating another potential bond that strengthens ties to your credit union.

Small Credit Unions May be Leaving Money on the IRS Table

Since the Affordable Care Act took effect in 2010, many small employers have been eligible for a health care tax credit created as part of the bill. One of the few Northwest credit unions to take advantage of the program received a check from the IRS for almost $7,000 for the 2011 tax year.

NWCUA Regulatory Advocacy Update: Northwest Credit Unions Fare Well in Federal Regulator’s Q2 State-by-State Review

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 the NCUA Economic Review for 2012’s second quarter.

Federal Reserve Board Publishes Comparative Information on Average Debit Card Interchange Fees

The Federal Reserve Board published comparative information recently on the average debit card interchange fee that each payment card network charges acquirers and provides to debit card issuers. The board will publish this information annually.

Legal Briefs

Your weekly update on the regulatory landscape.

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.

Emphasis Remains on Developing Strategies to Avoid Concentration Risks

Four key questions can help identify potential problems when it comes to risk assessment. Catalyst Strategic Solutions can help credit unions establish a comprehensive perspective when assessing concentration risk exposure.