Three Oregon Credit Unions to Launch ‘Save to Win’ Accounts in April; Nearly $2 Million Awarded to Members Since 2009

Three Oregon credit unions launch the Save to Win program in April, providing a life-changing opportunity for unbanked and under-banked families to build their financial assets.

Got Payments Process Solutions? NACHA Challenge Pays Cash

NACHA has announced cash prizes for a team challenge addressing payment solutions, and is accepting nominations for excellence awards.

Sponsored: Get a Deposit Taking ATM at a Deep Discount

Would your members appreciate an ATM where they could make deposits? Portland-based Peregrin Financial Technologies has an NCR deposit taking ATM available July 27, and they are currently accepting offers.

Compliance Center: Supreme Court Rules Junior Mortgages Cannot Be Voided in Bankruptcy

Learn more about the Supreme Court’s decision; your question answered about cashing an “on-us” check; plus this week’s legal briefs.

Oregon Legislative Update: Prize-Linked Savings Approved by Legislature

The Oregon Senate passed a bill to allow prize-linked savings in the state. It now goes to the governor for signing.

Compliance Center: Same Day ACH Is Coming, and More

Same day automated clearing house transactions; your question on aggregating cash in and out transactions answered; plus legal briefs.

Northwest Credit Unions to Hand Out Stacks of Cash for International Credit Union Day

Credit unions preparing to “pay it forward” to community members, make the credit union difference tangible and memorable.

Stabilization Fund Reports First Positive Balance

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

Save to Win Builds Momentum; Awards First Quarterly Cash Prize Drawing

Save to Win’s first quarterly cash prizewinner thought she was coming to her credit union to pick up a check for $50. What she heard from the branch manager instead was life- changing.

Want to Help Members Save? Sign up for a Free Save to Win Webinar on June 26

More than 1,000 Washington credit union members have already improved their financial well-being thanks to the Save to Win program offered at six credit unions. All other Washington credit unions are invited to offer the accounts to their members, through the NWCUA’s turnkey program.

10 Payment Trends for 2014: Mobile Banking, EMV Chip Technology & More

In the rapidly evolving payments world, technology is driving the next generation of innovation. This will be a landmark year for the industry, as mobile technology, EMV chip technology and the trend toward a cashless society pick up steam. Cyndie Martini, president and CEO of Member Access Pacific, says these are the Top 10 payment trends to keep your eye on in 2014.

Hacked Grocery Chain Urging Customers to Pay By Cash or Check

Shoppers at Yoke’s Fresh Markets and Rosauers grocery stores in Oregon, Washington, Idaho and Montana are being urged this week to pay by cash or check while investigators try to secure a computer network that was hacked over the past two months.

BECU Announces Plan to Pay Stipends to Officials

BECU, the nation’s fourth-largest credit union, has informed members of its intent to begin offering stipends to directors and Audit Committee members in 2014. Annual stipends will range from $14,000 to $25,000, depending on position and committee service.

Why Debit Cards Are Still a Growth Product

Financial institutions with assets over $10 billion shifted their focus from debit cards during the interchange fee battle. Still, Strategic Link partner Card Services for Credit Unions (CSCU) thinks the product may present opportunities for credit unions.

Both State Regulators Release Guidance for State Chartered Credit Unions

Northwest regulators have released new compliance information of interest to state chartered credit unions. The Compliance Report details what the Oregon DCBS and the Washington DFI issued recently.

Compliance Question of the Week

The Compliance Question of the Week finds answers to a compelling question. Can we refuse to cash a check drawn off our credit union?

Got Smartphone? Get Cash, Thanks to Diebold, Paydiant Partnership

The future is here. Consumers can now use their smartphones, instead of debit or credit cards, to withdraw cash from ATMs. In this week’s Strategic Link Business Partner article, Diebold, Incorporated brings an important technology announcement to the year 2013.

Washington DFI Issues Statement of Charges Against Five Unlicensed Online Lenders, Including Western Sky Financial

The Washington Department of Financial Institutions is seeking restitution, prohibition from operating in the state and $669,300 in fines from five unlicensed online lenders owned and operated by Martin Webb. “These companies are preying on financially struggling Washington consumers with loans at unconscionable repayment terms,” said DFI’s Deborah Bortner.