Inspirus Opens New Lynnwood Branch
The third branch features interactive teller machines to serve members in Snohomish County.
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Compliance Center: Credit Union Responsibilities When Returning Federal Payments
CUNA released the following article, which provides good insight into credit unions’ responsibilities when it comes to returning federal payments.
Turkey Shoot! Mt. Hood Chapter Invites You to Raise Money for the Clackamas Service Center
Join the Mt. Hood Chapter of Credit Unions for a fun fall tradition and support not only the collective action of your credit union colleagues, but also the community impact of a lauded non-profit.
CO-OPatopia to Highlight Impact of Cooperatives in the Northwest
Northwest credit unions and other cooperatives will turn Olympia intersection into “Co-op Street” as part of free regional event celebrating the impact of cooperative businesses.
Northland Credit Union Announces Plans to Merge with Gesa Credit Union
Northland’s branch will become a branch of Gesa, and all Northland staff will join the Gesa Credit Union family.
Fibre Federal Acquisition of TLC Creates Big Benefits
Members of both credit unions will benefit from more branches, better offerings, and a stronger overall position.
SB582 Took a Step Forward Passing out of the Senate This Week
Senate Bill 582, legislation to improve the Oregon Credit Union Act, took a step forward passing out of the Senate this week.
Credit Unions Step up to Help Wildfire Victims
The Northwest Credit Union Foundation is seeding an emergency fund to assist Washington’s wildfire victims. Media reports indicate 150-200 homes have been destroyed.
How Much Money Did You Save Members in 2013?
Valley Credit Union was one of the big Membership Benefit Award winners at last year’s Governmental Affairs Conference for saving each of its member households $262. Will your credit union be among this year’s winners? The deadline for submitting financial data to CUNA is this Friday!
Compliance Question of the Week
What is an FBO account?
The Treasury Issued Amendments to the Garnishment of Federal Benefit Payments Rule
New amendments to the Garnishments of Federal Benefits Payments Rule take effect June 28. This week’s compliance report explains new definitions and credit union responsibilities.
The DFI Issued Guidance on State Credit Union Owned Life Insurance
The Washington DFI has issued a compliance update of interest to credit unions carrying life insurance products.
Washington DFI Issues Guidance on State Credit Union Investments in Employee Benefit Trusts
DCU Interpretive Letter I-13-02 concludes that state-chartered credit unions may make certain investments that are otherwise impermissible as long as they are for the express purpose of funding employee benefit obligations.
Washington DFI Issues Two Regulatory Interpretations, More Expected
The Washington DFI offered clarification on regulations related to use of the terms “audit committee” and “supervisory committee” and to credit unions’ investment options for funding employee benefit obligations. An additional interpretive response is anticipated soon as well.
Strategic Link Question of the Week
We recently concluded another employee benefits renewal. Each year this process seems to be more challenging—we pay substantially more to get less, administration requirements have quadrupled under Health Care Reform, and the entire process is under tight time constraints. How are other companies successfully maintaining a competitive benefits package and managing compliance as well?
Keesee States Case for Supplemental Capital at CUNA GAC
NWCUA Board Chair Debie Keesee took part in a panel discussion about supplemental capital and its relationship to credit unions’ future growth potential during last week’s CUNA GAC, joining CUNA’s Mike Schenk, a Utah credit union regulator and a fellow credit union CEO in dispelling myths and sharing information.
Sign Up with Invest in America for Significant Membership Enhancement Opportunities
Strategic Link business partner Invest in America is a powerful member enhancement program that allows credit unions nationwide to provide members with substantial discounts from companies like GM, Sprint, Dell, TurboTax, Allied Moving and Storage and more—all at no charge to the credit union.
Credit Union Appreciation Nights at Blazers Games Offer Perks, Discounts, Donations
A group of nine credit unions and the NWCUA are participating in two credit union appreciation nights during the Portland Trail Blazers season. Each game night features a bonus event for attendees, and $5 from each ticket purchased through sponsorship links will benefit Credit Unions for Kids.