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Where Are They Now? Bank Transfer Day Five Years Later

A flood of members joined credit unions because of Bank Transfer Day five years ago. Where are they now? How have their financial lives improved? Share their stories for the anniversary.

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CFPB August Complaint Report Shines Spotlight on Bank Account Dissatisfaction

The monthly complaint snapshot highlights consumer complaints about bank accounts and services. Also, legal briefs and compliance questions answered.

Does Your Bank or Credit Union Need a Chipotle Checkup?

Credit union marketers may have thanked their lucky stars they’re not the public relations agency for Chipotle. They can learn, however, from other businesses’ crisis. Learn more in this article shared by one of the presenters at next week’s NWCUA Marketers’ Conference.

NCUA Board Headlines: Bank Note Investment Flexibility and Positive Net for Stabilization Fund

In its third open meeting of the year, the National Credit Union Administration Board approved a more flexible bank notes rule and announced a $302 million net position gain in the Stabilization Fund.

Compliance Center: CFPB Releases Winter Supervisory Highlights

Findings from recent CFPB examinations; your question answered on verifying names on direct deposit IRS refunds; plus this week’s legal briefs.

Obama to Nominate McWatters to Export-Import Bank Board, Leaving NCUA Vacancy if Confirmed

President Barack Obama announced his intent to nominate J. Mark McWatters to the Board of Directors of the Export-Import Bank of the United States. If McWatters is confirmed, that leaves a vacancy on the NCUA Board, where he has served for less than 18 months.

Obama to Nominate McWatters to Export-Import Bank Board, Leaving NCUA Vacancy if Confirmed

President Barack Obama announced his intent to nominate J. Mark McWatters to the Board of Directors of the Export-Import Bank of the United States. If McWatters is confirmed, that leaves a vacancy on the NCUA Board, where he has served for less than 18 months.

Consumer Reports Praises Credit Unions for Excellent Service, Low Fees

93% of credit union members reported being “Highly Satisfied,” compared with 69% of customers from the four largest national banks.

Oregon’s Federal Delegation to Hold News Conference Spotlighting Marijuana Banking Issues

Oregon Senators Jeff Merkley and Ron Wyden, along with Congressman Earl Blumenauer, are jointly calling on Congress to pass legislation ensuring legal marijuana businesses can access banking services.

Advantis Credit Union Awards $50,000 in GROW Grants to Local Nonprofits

The credit union invited community members to vote on who should get the grants, and money went to everything from a children’s book bank to an emergency shelter for women and children.

WSECU to Hold Community Shred and Share Day

The credit union is inviting anyone to take advantage of this free service, and will also collect donations for local community partners.

Five Tips for Credit Union Marketing on a Budget

Marketer Derek Gillette offers five practical tips for branding and marketing on a budget. Get his “Branding Without a Budget” ebook for free here.

CO-OP Surpasses Bank of America in Number of Branches

The credit union shared branching network is now third in the nation in number of branches.

FHLB Des Moines Completes Merger with FHLB Seattle

The merger, the first voluntary merger in the history of the FHLB system, closed on May 31.

Resist Banking Lobby’s Rhetoric

We need to meet the banking lobby’s misinformation campaign head on, says CUNA’s Mike Schenk.

Compliance Center: CFPB Proposed Temporarily Suspending Credit Card Agreement Submissions

The bureau issued proposed rule to temporarily suspend requirement for card issuers to send in agreements; your question answered on verifying names on direct deposit IRS refunds; plus this week’s legal briefs.

FHLB Des Moines and FHLB Seattle Members Ratify Merger Agreement

The combined bank will be the largest in the FHLBank system, serving nearly 1,500 financial institutions.

National News Bullets

Inspector general investigates NCUA exam breach, NCUA sues Wells Fargo—from CUNA’s News Now.