Washington, Oregon Credit Unions Show Loan, Membership, ROAA Growth

Northwest credit unions grew loans, membership, assets and return on assets according to new Q1 data released by the NCUA this morning. Idaho led the nation in many categories.

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.

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.

NCUA Releases Letter to Credit Unions Regarding Corporate Assessment

Credit unions will receive invoices next month for their 2013 Corporate Stabilization Fund Assessment. The Compliance Report details the NCUA’s plan for the year.

NCUA July Board Meeting

The NWCUA’s director of regulatory avocacy takes a deeper dive into last week’s NCUA board meeting. It is an important meeting for credit unions.

NCUA Reduces Budget, Establishes Stabilization Fund Assessments

The NCUA cut its 2013 operating budget by $2.6 million—the fourth mid-year budget decrease the agency has approved. The board also set the Stabilization Fund assessment at 8.0 basis points.

NCUA Forecasts Little to No Increase in Premiums and Assessments for 2013

The NCUA estimates that the 2013 NCUSIF premium will be between 0-5 basis points, and the stabilization fund assessment will remain between 8-11 basis points, showing “the improving strength of the credit union system.”

Catalyst Corporate Releases First Due Diligence Report

Catalyst Corporate, a Strategic Link gold partner, rolled out the first edition of its new quarterly Due Diligence Report this week. The publication focuses on corporate transparency and includes financial statements and information about Catalyst’s risk profile, CUSO investments, compliance and operational procedures.

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.

NCUA Board Assesses 9.5 Basis Points for Corporate Stabilization Fund

At its open board meeting this morning, the NCUA announced that federally insured credit unions will owe 9.5 basis points to fund the 2012 Temporary Corporate Credit Union Stabilization Fund.

Legal Briefs

Your weekly update on the regulatory landscape.

Credit Unions Could Pay 10 BP for Next Six Years for Corporate Stabilization

On the heels of a recent audit, CUNA’s Bill Hampel suggests that in order for credit unions to pay back the remaining $5.2 billion in corporate stabilization funds, the industry could be paying 10bp for the next six years.

Repo Remarketing Reports Company Growth During Repossession Decline

According to Repo Remarketing, repossessing vehicles forces credit unions to balance providing service to their members against preserving the overall financial health of the credit union. Risk analysis and proactive services are keys to navigating this murky territory.

NCUA Approves Corporate Stabilization Fund Assessment

The NCUA Board approved the Temporary Credit Union Stabilization Fund at 25 basis points, an assessment estimated to total nearly $2 billion.

NCUA Takes Next Step on Corporate Prepayment Plan, Schedules Free Webinar

The plan adopted would allow credit unions a choice to prepay some their Corporate Stabilization Fund assessment. A free webinar explaining the plan is scheduled for July 11.

CUNA Releases New Environmental Scan

The report is commonly used by credit union executives and boards for strategic and business planning.

NCUA Seeks Input on Plan for Voluntary Prepaid Assessments

According to the NCUA’s analysis, the Federal Credit Union Act does not allow the agency to charge a mandatory prepaid assessment to all credit unions. However, the agency has developed a plan to allow credit unions to voluntarily prepay some of their stabilization fund assessments.

Corporate Corner: Assessments for the Stabilization Fund

Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.