NCUA Board Issues Revised Proposed Rules on Executive Compensation, Partial Occupancy; Also, Freed Named to Succeed Whitehead as Region V Director

NCUA’s Board of Directors met last week and took action on a number of items, including executive compensation & partial building occupancy. Also, Cherie Freed was named as Region V Director, taking over for Elizabeth Whitehead.

CUNA Study to Document $6.6 Billion Regulatory Burden Costs

Nearly 300 credit unions logged in for CUNA’s first Membership Webinar last week and got a preview of a bombshell study showing the cost of the regulatory burden is $6.6 billion.

GM Credit Union Discount Program Sunsets

After nearly seven years of success driving car sales and credit union loans, GM will suspend the program this October.

Credit Union Tax Status Untouched in Senate Reform Report

The report’s preservation of credit unions’ tax status shows that credit union advocates were heard.

Washington Legislative Update: Budget Gridlock Forces Second Special Session

The Washington State Legislature ended its special session without reaching critical budget agreements. They now begin a second special session.

Washington Legislative Update: Credit Union Bills Awaiting House Vote

With only three weeks left in the legislative session, credit union bills await vote while budgets are debated. Vote expected by week’s end.

Resist Banking Lobby’s Rhetoric

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

Oregon Governor Kate Brown Visits Credit Union Advocates

The advocates were gathered for Oregon Credit Union Day at the Capitol, where they shared the value and impact of credit unions with lawmakers.

NCUA: No Stabilization Fund Assessments in the Foreseeable Future

Careful management and improving economy have driven assessment projections into the negative, says Matz.

Adding up $6.8 Billion in Credit Union Impact

With family-wage jobs, direct member benefits, and strong business activities, credit unions’ impact adds up.

Study: Northwest Credit Unions Deliver $6.8 Billion Economic Impact

Cooperative, member-driven credit unions contribute enormously to local and regional economies through business operations, employment, and direct member benefits, finds economic firm.

CO-OP Surpasses 3 Billion Annual Member Payment Transactions

Company sets new record in 2014 for transactions processed, hitting 276 transactions per second in December.

Northwest Credit Unions Cheer News of No Stabilization Fund Assessment

Northwest credit unions cheered the news this week that there will be no Corporate Stabilization Fund assessment in 2014, saying the decision by the National Credit Union Administration “demonstrates the resiliency of the credit union system.”

CUMONEY Visa: A Reloadable Debit Card Program to Suit Any Need

Prepaid reloadable debit cards may present new growth opportunities for credit unions. Strategic Link business partner CUMONEY reports its reloadable prepaid debit card program is an affordable relationship-building tool, carrying one of the lowest fee structures in the market.

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.

NWCUA Bill Passes to Advance Washington Credit Union Act as Legislature Heads into Final Weeks of Session

The NWCUA bill improving the Washington Credit Union Act has passed and is now headed to Governor Inslee’s desk.

By the Numbers: Delinquencies Down as Northwest Credit Unions Continue to Grow

Northwest credit unions outpaced the region’s for-profit banks in total year-over-year asset, loan, deposit and capital growth in 2012 while also showing favorable trends in terms of delinquency rates.

Washington Legislative Week in Review: Committees Hold Final Hearings as Budget Talks Continue

With the end of the regular session just three weeks away, the Washington State Legislature will now move to floor action, as committees not tied to implementing the budget have held their final hearings for the session.