Northwest Credit Union Foundation, BALANCE, Introduce New Financial Ed Tool

Saving for higher education and managing finances is daunting for most families. Northwest credit unions are offering two powerful solutions: matched savings and a comprehensive digital financial education toolkit.

Build a Stress Management Tool Kit

Strategic Link partner The Trust shares insights on how to handle stress, and is producing an upcoming webinar on work-life balance.

Technology Spotlight: Rivermark Community CU Launches Eyeprint ID and Smartwatch Mobile Banking

The first Oregon credit union to offer mobile deposit and video kiosk tellers has launched two other firsts in the Beaver State: biometric Eyeprint login to online and mobile banking products, and mobile banking via Smartwatch.

Compliance Center: CUNA Mutual Group Risk Alert on Overdraft Fee Lawsuits

CMG warns bond policyholders on overdraft fee lawsuits, your questions answered on members

stopping payment on cashier’s checks, plus this week’s legal briefs.

Stabilization Fund Reports First Positive Balance

Stabilization Fund’s first positive position due mainly to projected cash flows, will not trigger refunds, says NCUA.

NW Credit Unions’ Foreclosed Real Estate Balance Drops 32 Percent in Q2

Northwest credit unions improved their foreclosed real estate balance by 32 percent in Q2. The foreclosure performance is another round of positive news about the financial health and strength of credit unions in the region.

Credit Unions Look to Catalyst for Investment Answers

Low interest rates, high liquidity, increased regulation and concerns over interest rate risk made 2012 another challenging year for credit union management, and credit unions have increasingly turned to their corporate credit union for support and guidance.

Cordray: CFPB Goals Can Balance Soundness Concerns

The CFPB is not required to consider safety and soundness when taking regulatory action, but Cordray says the agency is working with other financial regulators to find a balance between protecting consumers and addressing safety and soundness concerns.

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.

Calls for Financial Reform Continue With Planned Balance Transfer Day

Balance Transfer Day is now being organized to encourage the transfer of credit card debt to low- or zero-interest cards. While not as specifically geared to benefit credit unions as its predecessor, Balance Transfer Day suggests that the public’s anti-bank sentiment is not fading.

Credit Unions Offer Work/Life Balance to Recruit and Retain Talent

A case is made for work/life balance: It will help recruit the best and brightest employees.

Bankrate’s First Credit Union Study Sees Positive Signs

Bankrate’s 2010 Credit Union Study, the first of its kind for this financial services research company, indicates that despite speculation that free checking may disappear from many national banks, the consumer-friendly practice is very much alive and well at credit unions.